britannia

Mortagage Approvals

 

Forward indicator suggests UK house prices to be nearly -30% year on year

 

didn't spline used to do this analysis before he got fed up with the mods at hpc

When you consider how many more people live in this country than in the early 90s and that more of them are of an age that they will consider buying a house, that graph is truly horrific.

This crash is going to be cataclysmic.

Not sure what you mean....

 

Fact is you'll have made £5 if you invested £15 one year ago in gold - i.e., a 33% profit!!

 

And look at the general pattern that's emerging...

 

over 1 month, annualised rate is +180%

over 3 months, annualised rate is +70%

over 6 months, annualised rate is +55%

over 1 year, annualised rate is +33%

over 5 years, annualised rate is +35%

 

My point is there's a very nice accelerating uptrend in place just now, and with the expected volatility as few percent up or down in any one day must not be over-interpreted.

Thanks for taking the time to calculate that, i accidently typed £ intstead of $. Gold is about the same in dollars as it was 12 months ago.

But yes your right, sterling is very weak at the moment and looks over sold imo, as soon as the BOE stops hacking rates it will recover.

http://gold.approximity.com/since1999/Gold_USD.html

I was looking back over the last 12 months in dollars. dont get me wrong, i hold gold myself and made quite a few thousand puonds in 2007 simply by sitting at home and stroking my stash. I baught back in recently when it clipped 700 dollars and wont be selling for at least a year or so when i guess it will go above a thousand dollars again, this time selling for sterling could be a winner (if sterling dosnt bounce back to much after this temporary dip)

http://gold.approximity.com/since2007/Gold_GBP.html

Sorry GF i ment dollars but yes in sterling you would be quids in.

Profit taking and easing tensions now that world is slowly 'accepting' Israels incursion (occupation) of Gaza.

 

Uptrend still very much intact, just stand back and look at a several week/month chart.

Over a year you'v gained about £5.