romans holiday

Would be more interesting to look at on the log chart. : )

Saxena has flip-flopped on gold in the past, and no doubt will do so again. PS. No certainties.

Have mixed feelings about this crash. On the one hand am glad I hedged and sold AGQ on a spike, on the other a little disappointed I bought back too early. Of course, you have to take a pragmatic approach to trading; you are never going to get the bottom, and should instead be looking for a 'good enough' trade. With that in mind, I think the silver price will snap back quickly. My main motivation for hedging [trading the volatility] was to maintain an equanimity in an uncertain and volatile market. Feel a bit surprised at the recent move, but not stressed.

Far out. Oh well, days like this confirm why you put half of your disposable into real assets, and remind you that it was never going to be easy.

Well done on holding off. Thinking of buying here?

Wow! Looks like new lows being formed since the 1800 spike. Another 2008 event for gold.

Bring on the short-covering.... though I hope a war doesn't do it.

http://www.bloomberg...ommodities.html

Then again, the dollar is nearing the top of its trading range so may see markets turn around shortly

There you go, 26.99 as i write. Makes you wonder whether we might have to wait until after the summer doldrums for the fireworks.

Ah, but never underestimate the efficacy of boredom. You know there is no emotion in the trade when you are bored with it... and are free to wander off and focus on other pursuits.

Ah, but tides are predictable..... but can be the cause of momentary and unpredictable whirlpools.

Good analysis by Maund here. Pinched from HPC. http://www.clivemaund.com/gmu.php?art_id=68&date=2013-02-24

Reverse head and shoulders:

Reverse head and shoulders:

Was a rocky road but got there in the end. In simply focussing on volatility, this is the only instrument being traded. The trade is a very heavy one. By selling at 60 and re-buying at 40, a near increase of 50% [in shares]. But the real object of the trade is to sell on a spike and take gains in US dollars. Half way there for this trade. The longer term:

Only a smidgeon off now.

'The market can remain irrational longer than you can remain solvent.' JM Keynes.

http://news.goldseek.com/GoldSeek/1360937700.php Is Gold Becoming a Risk-off Asset?

Not a dent in the 200MA. Gold continues its steady appreciation against currencies though now in a consolidating phase. If June/July 2012 marked the bottom of the consolidating cup then after this current re-test of the bottom wouldn't be surprised to see a rapid move to 1800-1900.

Wanting to see one last push to 40.

Hang about. Weren't you 'all in' years ago? You say you're putting your monthly income in now? But then why the need for a truck? Wouldn't your briefcase suffice for that?

http://news.goldseek.../1360674000.php End Currency Wars With Gold Standard? –Bloomberg Interview and FT Op-ed

Ah, the luxury of being able to devalue by fiat. But then, to the chagrin of the rest of the world, they had an arbitary 'gold standard' for that.