romans holiday

Or could go to 70 odd before heading down again. If the metal swap arrangements still hold at goldmoney, will think about swapping the precious for the volatile.

Cheers. May take a year or so to break the high. If silver suddenly spiked to 50 sometime within the next few months I'd consider selling. Otherwise, will hold on for a couple of years for the spike to 100.... should we get it.

Taking on debt may not be such a good idea if farm prices deflate, markets dry up, and money becomes more scarce.

So far, so good.

What d'ya know... gold back through 1650. 4th time lucky.

http://news.goldseek.com/GoldSeek/1325871758.php

Interesting to look at previous posts from years back. This from mid-2010. Think it fair to say the trend in gold was nailed.

Don't have chickens yet, but have a goat and a good sized vege garden. The Good Life, and not referring to the Barbara Kendall type, has to be a healthy mix of nature and culture, with "society" put firmly on the bottom rung. Hence I'll be "commuting" by camper between the small holding and the large city... week on week off sort of thing. A bit of tutoring, a lot of reading, a bit of writing then back to the peaceful countryside for a bit. With the camper, you can park up at specially disignated areas for a few days within walking distance of the mainstreet. Then again, I doubt it will be too difficult to park on an acquaintance's inner suburb lawn if I were to contribute a little to the power bill.

Yes, think all the correction could be in. There have been times when the precious metals have not moved inversely to the dollar. Could well see both metals and dollar moving up in tandem for a bit now.

Or versus someone with a life of leisure to maintain? I mean, trading has its stresses, and is a form of work as is motivated by making money. I reckon the eventual goal is to be able to say enough, transcend the money sphere altogether, and devote the rest of your life to a more worthy end. I mean, time is the most valuable commodity we have right?

Thanx. Silver up to 29.60. Would like to see it around the mid 30s before breathing a little easier. Probably then a sloooow climb towards 50 over the next year or so... then hopefully another explosive move to 100. My target for selling.

http://news.goldseek.com/GoldSeek/1325523600.php

From my perspective, the dollar is the next best currency after gold. It makes more sense to trade the more volatile silver than gold, keeping gold as core. It is better to trade silver against the dollar, as when the risk off trade is on the other currencies tend to weaken with silver [Yen might be the exception to this]. Silver/ Dollar is a good contrary trading pair.

I've been predicting, on this thread, the actual performance of gold for a few years now: 20% odd annual appreciation against the dollar. All to the chagrin of a certain sector of the gold community. When gold went through 1650, I predicted it would waver through that mark a few times for quite a few months. When gold spiked to 1900, I predicted it would come back and consolidate to the trend. Predictions have been well corroborated. The explanation, or theory for it [for those into theory], was gold would be monetized in a deflationary environment. Note: a theory does not have to be strictly speaking true [how can it]. It just has to work. Mine has worked.

Agree with "the weeks". Disagree with "the months". Gold looks now, around 1550, to have consolidated to the long term trend [20% odd annual appreciation]. 2012 would put the trend at 1900, with 2013 at 2300. So, by the charts, gold could easily spike through 2500 in another 12 months or so.

Why not start a new thread on it? Well, it depends what time-frame is being used. A certain sector of the gold cumminty has proven themselves to be a little impatient and premature with these targets. But then others with a longer time frame in mind are still on target with gold appreciating 20% odd annually.

I like that sentiment indicator. Corroborates with my own indicators for buying: time; a similiar period of time has elapsed since the other correction, and price; silver is now near half the price of the spike, once again reflecting the last correction. Is then the bottom in?

http://www.reuters.com/article/2011/12/28/us-markets-precious-idUSTRE7AK1M520111228

I wouldn't do it with anything but silver. Time will tell.

Yes, it was more a correction of another misleading chart that had been posted earlier.

Before the decade is out, they'll be calling gold the King of cash..... and silver, the volatile Queen.

Awesome! Just waiting for silver to turn around and head in the other direction now.

Yep, problem is all that hot speculative money that jumps in and out of the funds so easily. The writing was on the wall when gold spiked to 1900. I much prefer to see the steadier rise of 20% odd a year. With speculative money jumping out, the gold price could easily dip briefly below the long term trend.

Hey PD, I don't get your chart. I'm trading AGQ against dollars. Is it possible to post another chart which overlays SLV against AGQ?

Starting to look a little similiar to the deleveraging of 2008. If it repeated the pattern, gold would dip down again in the early part of the year before bouncing back and going onto new highs. Still would make sense to buy during this present dip if gold was unowned.