romans holiday

Cheers. Doing the same... with the added speculation of buying "slippery" silver with my dollar holding if it goes on a bender.... then sell back to dollars after a reasonable gain. Have to wear my dollar bull hat for this. Keener to buy and hold/ accumulate gold 'cos the price is "stickier".

That's the guy with the idea of gold building a consolidating "energy field" over a year or so before breaking out to a new level right. I was thinking something similiar a while back. Being obsessed with inverted triangles, I applied this pattern to the long term price of gold. This prediction has served me well so far ...... though it is suggesting that gold will come back a bit here. If the Euro zone settles down a bit I think it will. http://www.greenenergyinvestors.com/index....st&p=157784

There is a good chance the price won't come down. Which is why people that don't own any gold should be buying a little irrespective of price. BUT if for some reason they can't bring themselves to buy then a possible strategy, better than just staying stuck in pounds, is to diversify into dollars. Less than ideal, but a practical solution for some. For those that have a solid holding in gold already, they can afford to wait a bit in dollars.

This is interesting. Both dollar and gold strengthening together. This means dollar is strengthening against Euro [and probably pound also] while gold in turn is strengthening against dollar. Gold must be "doubly" strengthening against Euro/ pound here. This sort of phenomena is the exact kind of thing Exter's reverse liquidity triangle predicts. Converted to an international picture, "sub-prime" currencies such as Euro and Sterling would be further up the triangle... between dollar and less liquid assets. Sure enough: IF for some reason one couldn't bring themselves to buy gold here with pounds, another option would be to buy dollars.... and hope for a pull-back in the dollar price of gold.

As predicted, 2010 has proven to be a year of consolidation for gold...... so far. The next few months will be interesting. Will it manage to break out? Will it track sideways in the summer doldrums? Will it get caught up in a general market liquidation? I think the most likely scenario is for the dollar price of gold to continue sideways in a consolidation pattern, remaining very strong considering that the dollar is at the same time strengthening [it could easily strengthen at the same time against "sub-prime currencies such as the pound]. The next big move up would then be at the end of the year or early next.

Gold 1187 in the currency that counts. Is this the parabolic rise? If so, hold onto your hats.

I'm inclined to think the same, but I coudn't for the life of me bring myself to sell the yellow. Rather, will pile in further with dollar reserves. I consider gold my core currency. I'm thinking gold should steadily increase [along the "thin blue line] and the only thing that might really make a dent in it would be another round of forced liquidation. A steady rise in the aggregate price [as opposed to a parabolic rise] would reflect the furthering process of gold's "remonetization" with investors buying it as an alternative desirable form of liquidity/ a currency... outside the dollar.

Cool chart that. Something's telling me we might be skipping the summer doldrums bit this year.

Yep, more than one way to skin a cat.

So you're concerned about losing your position if you take profits. But also perhaps concerned that gold equities might get hammered with all equities at some point. Would selling some gold equities for gold bullion put you back in the comfort zone? If there was a general market sell-off, gold bullion prices should hold up better than equities. I am only invested in gold bullion [liquid in both gold and dollars] at the moment for that very reason.

Sell in May and ........................ buy gold! Gold climbs as euro zone debt fears spread http://www.reuters.com/article/idUSTRE63P02520100427 Link to last month's thread: http://www.greenenergyinvestors.com/index....st&p=164473

I try to be as realistic as I can towards gold. There is a real chance of another deleveraging dip ahead. Gold should hold up better than last time, due to having been bought as an alternative currency to the Euro. A lot of investment into gold here is liquidity driven... as opposed to the continual line given on the likes of CNBC that buying gold is only a hedge against inflation. Though there are still the hedgies, with their eye on inflation, which might panick out of gold sending the price a bit lower. The thing id to be prepared, and to not be surprised, and to take the right action when/ if lower prices come. I don't short/ trade gold, but will keep decent dollar funds in reserve.

After scouring the technical schools in search of some pattern recognition for the above phenomena, I finally decided to classify it myself. I called it the "Cheshire's Grin". The way I look at it, a consolidation is always healthy... plus it would enable me to continue buying longer with my meagre income.

Don't want to be a wet blanket but I find the similarity between these two stunning: then [2008] now While "averaging in" with income, will be keeping a decent recerve back [in dollars].

Not to worry....what I find is that the percentage tends to look after itself... with higher prices it morphs into a larger percentage all of itself.

Yeah, I thought it could be interpreted as disrespectful to silver. I like silver, I just don't put it in the same class as gold. How about "Gold King, Silver Queen, and the dollar [worth] Jack? Edit: liked the original better. v

I got a bit of the physical back home... but I don't put silver in the same boat as gold. Gold is in a class of its own. I mean, have you ever heard of anyone fossicking for silver?

A colleague of mine bought his first bit of gold today. The gold bank tried to discourage him from buying saying the price was high at the moment. I asked him how much gold he owned... needless to say he bought. Personally, I think you can only really afford to wait for a dip if you are comfortable with the amount of gold you already own. My comfort level lies above 50% of my worth. Even then, I'm buying a bit at these levels. When it gets too expensive - relative to wages - I'll no doubt have to take up fossicking for a living.

Up to my gills in the yellow stuff.... and I'd be happy just to see it double.... while seeing house prices halve of course. 1176

Silver doing well here, but can it hold? Watch the dollar.

Gold and dollar up:

I reckon gold may have superceded the seasonalities now. With all the uncertainty hanging over the Eurozone, gold has broken out into currency territory. US investors, who often bought Euros to hedge dollars, are now buying gold as an alternative. I still expect a sideways movement this year... though things might get exciting at anytime.

I've 50% of my worth in gold. .... and continuing to buy at the mo.... I might be buying a little high here, but not too concerned as the bull market should "rescue" me if we see the dip. Besides this core position [i consider it my core currency] I have a large dollar hedge, which I will trade for silver from time to time. I am definitely not as bullish on silver as I am on gold, thought that said, neither am I bearish on silver. I find it the perfect commodity to trade against the dollar.

Whether or not you buy here surely has to do with the percentage [of your worth] that's already in gold. A small percentage... you should be buying. A large percentage... perhaps can wait a little. Thoughts?...'cos even though there may be strong resistance to the up-side, there also seems to be strong support to the down-side.

Gold is staying strong here. If it doesn't dip, it will probably just track side-ways hitting the "thin blue line" later this year. I'm be "averaging in" to both dollars and gold over the course of this year. If you do buy gold a little high, as the expression goes, "the bull market will rescue you". With my dollar reserve [a hedge against a possible Prechterite collapse, where I would then buy gold], I'll continue trading silver when it goes low. I hang up my gold bull hat for this, and wear the dollar bull one. It's starting to get a little worn, but should last for another year or so.