Fortune

Looks reasonable to me. For me, the major supports are 1080, 1033, 1000 and 950. The key weekly Fibonacci 38% retracement come in at 1019 (near the previous March 2008 high). That the number to watch. Anything above that and there's nothing really to sweat about. Of course, take everything I say with a pinch of salt. EDIT: spelling

Things are really coing to a head now. No wonder the Chinese didn't go for the IMF gold. Those smart folks are already one step ahead. I wonder how GM and BV will discover price with no COMEX? Ebay perhaps?

Could this be the reason? Some geo-political jiggery-pokery? http://news.goldseek.com/RickAckerman/1261033260.php

Here here! Welcome to GEI club. Did the same thing myself (except for the STR). Great call there. I bought my first ounce in Sep 2007.

Cheers.

Interesting. Fitkid have you got a link to that? I want to sent it to someone....

Why not just sell it in bits? Unless you need to sell it in one go, in which case I'm afraid you are going to have to take the hit. I think perhaps the only way is to cash out your proceeds outside the UK, with the intention of bringing it back in small amounts every year. That doesn't take into account where you should acutally leave your money. These days governments around the world are getting seriously nazi with tax avoiders. If you fancy taking your chances - like trying to get 'cute' with the tax man in the UK - then good luck to you. I'm in the fortunate position of have permanent residency in an Asian country so I can move my proceeds here relatively hassle-free - which they would welcome with open arms (dunno about getting it out though!). And I also have no intention of transferring my wealth back to the UK, so the UK tax man can get stuffed. Hope this helps.

Could some youtube this or upload to rapidshare? I'm not in the UK and I can't be bothered to muck around with proxy servers. Much obliged to the techies out there.

Yes they can also short enlessly with inpunity - what does it matter to them, its only fiat they can print up at their choosing. Thompson said something along the lines of the banksters win either way: accumulate metals on the way down and short on the way up. Pure evil, if you ask me.

Pixel8r, You mentioned earlier about the shorts having to push down PMs before the options expiry date (early next week). What is their target price (as in what price must they defend at all costs)? Is it $1150 or something? If the price closes above that before the weekend, are they then toast?

Here we go...

Not exactly on topic but this one cracks me up! WSJ

Me too. Gold in GBP looks a bit sheepish in comparison. Cup and handle anyone?

News to me. Well that shows how long it's been since I bought furniture.

So MFI is in the gold business now? So can I get a sovereign with my dining table?

How do you get that parabola curve? Illustrator or MS Paint?

Left hands says no, but the right hand says yes. Russians trying to accumulate on the cheap or a favour for another central bank? Reuters

Correct me if I'm wrong folks but my understanding is that the globex is the 'out-of-hours trading' platform for the Comex - so they can manipulate away, 24 hours a day:) The link has more info: http://www.cmegroup.com/globex/introduction/

With all this exitement I guess my question is kind of irrelevant So the shorts are about to be toast....I'll drink to that. Happy all-time high everyone!

The thing is, when is that? There must be some kind of time limit.

I have a question for those more knowledgable than myself. With the last COT report showing near record short positions on Gold and Silver, when will the traders with these short positions have to cover them - especially if the price refuses to budge low enough for it to be profitable. Can they just hold onto losing positions forever, thus never covering? How can they continue to short something and never cover it?

UK Indie seems be confirming what Jim Willie and others are saying about the pricing of Oil in a different currency. The game is up. Better hope the Americans don't kick over the table and start WWIII: Read the rest HERE

I actually sent an email to Goldmoney on this very question about 6 months ago. I asked for them to diversify their location of metal vaults - with a vault in Asia a top priority (I recommended Hong Kong). They said they were looking into it. So if enough folks politely ask maybe we can get this thing off the ground. James Turk is well aware of juristiction risk and I sure he will listen to us. EDIT: Spelling.

What's with the insults? Come on now - do you really think it is OK to insult people? Is that really normal behaviour? Be honest with yourself. Seriously. Back on topic: For the record, even though I'm essentially "100%" in metals (all my savings) I don't think that will be truly enough to fully protect yourself. Getting completely out of debt and living in a relative safe environment is higher on the list of priorities than metals. What good is a few krugs when your life is in danger? Saying that, PMs sure does make getting out of dodge a lot easier for some rather than others. I would agree with you on trading - too many potential black swans to make the "profits" worth it. I'm not greedy. In fact, I'm not even buying PMs these days because I'd rather spend some fiat on aquiring more land (recently been checking-out some forestry). But to each their own.

What is this, the cdswamp thread? Enough of the thread spamming, please. Let's not make this place go down the toilet, like 'over there'.