DoctorSolar
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The last lot of "rough Buffaloes" I purchased from Sarnia / Silvercoinsbullion not that long ago cost £13.50 per oz posted, now up to £14.99.
Used to be able to pick up sterling silver medals and commemorative coins on eBay for spot or below no problem. But recently I have been getting significantly outbid. Could it be that either savvy members of the public are hoovering it up as an inflation hedge or the pros are doing it?
Int he same vein.... Just spoke to a car dealer and he has sold 93 top of the range land rovers recently! And this is in a reasonably small outlet. He says the people buying are all quite wealthy but they all have the same story of wanting to buy now as they think/know the value of their sterling cash is being eroded rapidly. These folks want of of cash right now.
Deflation in things priced in sterling? Forget it!
Always makes me laugh that one. My newspaper keeps trying to tell me that we should all be awake at night worrying about deflation. They put up their subscription charges by 33% in the same issue!
Ah well at least they have a sense of humor eh? 
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As mentioned further up the thread, watch ebay. Supply is well down for 1oz, half oz and quater oz coins and have been for about 6 months.
Based on this observation it would appear that a lot of gold is now in strong hands and will not budge till we see higher prices.
Does anyone have any idea the quantity of gold the cash4gold outfits process in a given day/week/month?
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New offer is on 1/10th oz gold coin from andorra.
These have all gone too. Pity we don't know how much they had in stock to get an idea of the demand out there.
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All gone now. Good luck finding gold bullion in UK at a reasonable price above spot now.
Even scrap 9 carat stuff is selling for its spot gold content.
New offer is on 1/10th oz gold coin from andorra.
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CID have a special on 1/2 oz Libertads this morning, for anyone that may have missed it.
All gone now. Good luck finding gold bullion in UK at a reasonable price above spot now.
Even scrap 9 carat stuff is selling for its spot gold content.
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Well done again Doc,
You're right so long as you have a strategy and understand the risk, it really does not matter what others think. Mine was to wait for a sufficient fall back...that never came
...but I stuck to it and don't envy your profit, hope you get the reward for taking the risk, as you at least recognised the gamble and got your free ticket.Nice to see.
Thanks Riggers.
Stocks are finally being kind to me after the crushing 80-90% falls in some juniors in Oct-Nov 2008.
Have you see denarii's tip on GCM Resources? They are flying too.
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Careful now, you don't want this forum to go 'HPC'
Fair enough, however, sometimes people just need to be told. This was one such occasion.
I think for those in this trade, it might be a good idea to discuss a long term exit strategy.You only have to look at what happened to GNVC last week to see what can go wrong with these Biotech's, down 75% on the next days opening due to poor clinical trial results, and there would have been nothing you could have done about it.
If folks here had followed my path with this one they would have got their stake back plus a chunky profit and still have skin in the game and be riding a healthy position for free.
As I have said many times on here, this is my lottery ticket stock. Either their cides work or they dont. Either we go to allallans target of $100 or we go to zero. So once you have successfully navigated this thing such that you are riding it for free just sit back and see where it takes you. If it goes to zero you still have your initial capital and hopefully a profit too. Sounds pretty good to me.
Now if you are turning up looking to get in now after it has blasted off from 41 cents to $2 well it might be a shade more tricky to get yourself in to that position. And of course if bad results come out at the wrong time them you are sunk. That was always the "gamble" with this one.
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Allallan was on the money a few months back with his $2 target. We hit $2 today. Some decent trades mean I am riding this one for free now. Pity this thread never really got much traction. I guess ihub and allallan are the best places to be for this one.
I think we have now more than doubled since a certain someone from here took it upon himself to evangelise to those on investorshub that they were doomed to go to "investor hell". Well I for one by definition (having traded such that I am riding this for free) certainly will not be going to investor hell whatever that is. Instead I am ringing the cash register of my nano tech kachingo machine in to this astro blast of ultra strength.
Should I drop a coin in to your pious collection bowl on my way out?
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Interesting interview with Pierre Lassonde on King World News
+ 50% chance of gold touching 950 again but probability of anything lower than that tails off very rapidly
+ Gold to hit 1200 again this year
+ Gold price to ebb back and forth buffetted by deflationary and then inflationary forces for perhaps as much as 2-3 years (sadly no price range was given)
+ Gold mania blowoff top could start in 2-3 years and last for up to 6 years!
+ Many gold mining companies are under performing the metal as they haven't been able to increase their margins.
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Down-pointing wedges tend to resolve to the upside ...
I saw that in the latest article from Richard Russell. The rest is well worth a read too:
I think and ponder and wonder. I believe current unsustainable debt is literally "eating up" the world. This should end in both deflation plus monetary inflation through the production of junk, fiat money. Ultimately, the survivor, the "last man standing" will be gold. Ironically, Americans have lost or forgotten the meaning of gold. Which is why only a tiny percentage of Americans now own any gold.Americans have totally forgotten the meaning of gold and silver. I prove it to myself every day. I buy something in a store and present a gold one ounce coin as payment. Invariably, the clerk looks at the coin and replies, "We can't take that. What is it anyway?" Sad, and rather ominous.
As I write, gold is selling at about 1097 an ounce or still below 1100. A while back I wrote that gold below 1000 was a bargain. Now I'm saying that gold below 1200 is a bargain. Buy it while 95% of Americans have never seen or held a gold coin. In fact, there are large ads in the newspapers every week, ads offering to buy your gold in exchange for fiat paper. And people are doing it. What our Forefathers knew about money has been forgotten. The Founding Fathers would shake their heads in wonderment if they could see the nation they founded as it stands today.
In other words don't muck about trying to get your gold position perfectly timed. Get a core position NOW and average in whatever else you feel necessary.
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...and ads on tv and Ebay and the rest, I'm inclined to believe that we've got to the blow-off phase of a bubble.
You are aware that the TV ads are asking you to sell your gold to these companies NOT them trying to sell it as an investment to you?
When has there been a blow off top characterised by companies actively asking the general public to sell rather than buy?
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->The first modern competition between gold and paper money ended like the pre-modern ones. Gold won.Herewith, a short summary: [insert irrelevant gibberish here]
I would say it was far more relevant to this thread than arrogant crowing about how well you have done with a company that has f&ck all to do with gold!
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I personally am very interested in how fiat was accepted in place of a gold standard and how it is maintained in the internet age but obviously its just me.
Hopefully this article will be of interest to you:
The Descent of Money By Bill Bonner
Note: scroll half way down the linked page to get to the article
Gold vs. Paper. It's not just a question for our age...it's one for the ages. Before intelligent investors look forward, they might first like to see how things panned out in the past. In today's essay, Bill takes a look at the history books...The first modern competition between gold and paper money ended like the pre-modern ones. Gold won. Herewith, a short summary:Conclusion...
No natural life survives the lifecycle. And no paper currency standard has ever survived a complete credit cycle. It is just a matter of time until we hear the explosion and see body parts flying. -
House prices make a strong start to 2010
A few questions for y'all:
Do folks still see a UK house price crash eclipsing that of the 1990s?
Does Dr B still see UK house prices hitting an average of 100k? (i.e. a near 40%!! drop from here.)
Or will QE and extended low rates put a bottom in nominal house prices. Please note nominal. Does sterling have to crash for this to happen?
Interesting discussion chaps but does anyone have any more input for the questions I posed originally?
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Some small crumb of comfort for those who have sold to rent present in the above piece:
downward pressure on inflation may not actually be as strong as predicted. If this is the case, then higher interest rates may be required sooner than is widely assumed.Surely: Higher rates = lower house prices
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House prices make a strong start to 2010
House prices rose by 1.2% in January and are up 8.6% year-on-yearCommenting on the figures Martin Gahbauer, Nationwide's Chief Economist, said:
“House prices strengthened their upward momentum at the start of 2010, increasing by a seasonally adjusted 1.2% month-on-month in January. The 3 month on 3 month rate of change – usually a smoother indicator of the near term trend – dipped slightly from 2.3% in December to 2.1% in January, but this primarily reflects the smaller price increases recorded in November and December. At £163,481, the average price of a typical UK property cost 8.6% more than a year earlier in January, up from 5.9% in December. Unless there is a fall in property values in February, annual house price inflation is likely to move into double-digit territory next month for the first time since May 2007.
A few questions for y'all:
Do folks still see a UK house price crash eclipsing that of the 1990s?
Does Dr B still see UK house prices hitting an average of 100k? (i.e. a near 40%!! drop from here.)
Or will QE and extended low rates put a bottom in nominal house prices. Please note nominal. Does sterling have to crash for this to happen?
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Anyone taken a look at the new Junior Gold ETF from the bank of montreal?
Managed to find this list of securities they hold:
http://www.stockhouse.com/blogs/ViewDetail...st.aspx?p=98721
Total Holdings*
Securities % of
Assets
Centerra Gold Inc 9.70%
Gammon Gold, Inc. 7.28%
Alamos Gold Inc 7.03%
Coeur d'Alene Mines Corp 6.93%
Semafo Inc. 6.23%
Seabridge Gold Inc 5.73%
Detour Gold Corporation 5.44%
Northgate Minerals Corp. 4.74%
European Goldfields Ltd 4.57%
Allied Nevada Gold Corp 4.52%
Lake Shore Gold Corp 3.95%
Golden Star Resources Ltd 3.82%
Aurizon Mines Ltd. 3.53%
NovaGold Resources Inc. 3.33%
Great Basin Gold Ltd. 3.25%
Fronteer Development Grp 3.00%
Ventana Gold Corp 2.52%
Tanzanian Royalty Explrtn 2.38%
Kirkland Lake Gold Inc. 2.36%
International Miner Corp 2.18%
Guyana Goldfields Inc. 2.01%
Dundee Prec Metals Inc. 1.58%
Queenston Mining Inc. 1.46%
US Gold Corp 1.19%
Jinshan Gold Mines Inc 1.17%
Cash 0.13%
Total Holdings in Portfolio 26
*as of Jan 25, 2010
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Anyone taken a look at the new Junior Gold ETF from the bank of montreal?
Stewart Thomson mentions it in his latest 321gold article but I cant seem to find out too much about it beyond:
BMO Junior Gold Index ETF seeks to replicate, to the extent possible, the performance of a junior gold companies index, net of expenses. Currently, the ETF seeks to replicate the performance of the Dow Jones North America Select Junior Gold Index. The Manager may, in its discretion and without unitholder approval, change the Dow Jones North America Select Junior Gold Index to another widely recognized junior gold companies index in order to provide investors with exposure to a junior gold companies index. If the Manager changes the Dow Jones North America Select Junior Gold Index, or any index replacing such Index, the Manager will issue a press release identifying the new index. The investment strategy of the ETF is currently to invest and hold the Constituent Securities of the Dow Jones North America Select Junior Gold Index in the same proportion as they are reflected in the Dow Jones North America Select Junior Gold Index or hold securities intended to replicate the performance of the Index. The Manager may also use a sampling methodology in selecting investments for the ETF. As an alternative to or in conjunction with investing in and holding the Constituent Securities, the ETF may invest in or use certain Other Securities to obtain exposure to the performance of the Dow Jones North America Select Junior Gold Index. -
I've been adding to my core holding each time gold dips below 680GBP. A couple of recent articles suggest I may be in good company?
Expect Gold to gain more than 30% this year - John Embry Sprott
Gold – Lows Right Around the Corner Bob Hoye/Ross Clark
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AllAllan has a new piece detailing what he thinks was behind the recent pop in share price to $1.20:
Preliminary results look fantastic but NNVC really need to get results out from their various testing partners soon.
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2014 would 'probably' be a major bottom. And thus buying opportunity of our lifetimes. So rh's strategy of keeping some powder dry would be wise to say the least and those 'all in' would be weeping buckets.
Again Mr Stewart has some words worth a listen:
http://www.321gold.com/editorials/thomson_...n_s_011910.html
Mentally, when you are all-in or all-out of an asset class, you can become "broken" when price goes against your analysis. This will happen to the dollar bugs to the point that many become suicidal, and many will actually kill themselves, or so I believe, unfortunately for them. When you hold a contrary asset class position, you may be surprised how little a position is needed to take your mind off any decline in your larger gold positions. -
No. He says that gold will fall to below US252.60 if the wave labelling ACCORDING TO Fibonacci Percentage Retracements (which paint a strong picture of terminal moves are correct). They have been correct to date. He goes on 'IF gold began a new bull market in 2001' then gold should fall 'at mininum' to US 681 and silver to US 8.97, their 2008 lows.
Geez I have no idea why folks listen to these aggressive gold bears (AGGOBEE). All caveated to hell so that no matter what happens they will be "right yet again". Once again Stewart Thomson sums it up in his own inimitable style.
.Attention all gold bear deflationists: If YOU believe the Dow is going to blow out the lows, of course you have already gone to the bank and taken out all your money. Right? You have moved to a bunker and are armed with a large gang of family members who are also armed. You know that if you are correct, the whole show shuts down. What's that? You think you can have Dow 300 and Gold 200 and collect on your bullcrap SP500 put options and bank stock shorts while the world lights on fire? Get real. Forget the nonsense that your magical predictions can work so you get rich while the world blows up. If your scenario plays out, you'll be ripped to pieces and literally eaten by cannibal street gangs long before you collect on your options. If prices go into a deflationary spiral, everything shuts down. It's all finished and so are you. You'll be starving to death along with everyone else. Dow 300? Gold 200? The last thing the Gman will do at that point is honour your toilet paper t-bills. However, common sense dictates that there is no way Ben "Printing Press" Bernanke is going to stand there and watch the deflationist price scenarios play out. Not in a BILLION YEARS. He's going turn his USD toilet paper photocopier onto hyperdrive if the deflationist scenario begins to dominate, and he's been very very clear about that -
When things go quiet its usually a good signal to buy?
680ish GBP seems to be good support for now...
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A list of 4 other patents that protect NNVC base technology can be found at:
Down to a dollar now... looks like I was right to get out at 1.20...
The mood on the investors hub message board is low/angry perhaps this is the time to buy back in?!
Down on lowish volume..
Ah well at least they have a sense of humor eh? 
...but I stuck to it and don't envy your profit, hope you get the reward for taking the risk, as you at least recognised the gamble and got your free ticket.
Nanoviricides / NNVC
in Gold, FX, Stocks / Diaries & Blogs
Posted
I sold enough to get my initial stake back once I got a triple. Wasn't perfect timing on that sale by any means. Just thought it would be the disciplined thing to do given the highly speculative nature of this stock. And its a nice feeling to be riding twice my initial stake for free.
If it goes back below $2 I might be tempted to put that money back in.
As you say they are at a very interesting stage of development with support from a mystery pharma and plenty government support/funding too.