drbubb

NOPE ! Too much selling - all across the board so far Do be careful ! Wait for some strength to some up somewhere during NY trading

Nice chart, PD ! Indeed : a possible "V" bottom today - as I said on the DrB Diary: It's just below $1430 now - Can we get back to $1450 today?

The low so far, was something like $1388. But it may finish the day above your target, or not...

JD, If you had a Property and Other Investments Diary - you could comment on other Topics too - like Gold (see ZM's comment, above) You could run it here, or in the Trading section. I think it would be great to have someone actually based in the UK talking about UK Property, rather than me - so far away - and left to rely on various "bellwethers"

(2) With all that, he wasn't finished... More followed: You haven't read carefully - go back and look at my Diary. When the dips came, I saw potential for further drops, but BDEV stayed strong, you will see I did my best to keep a balanced view, while warning that rising rates were likely to be the eventual Bubble-popper Here's a recent example: If that's not Calling the Low at the (possible) Low, then what is? And have you forgotten these sorts of posts about "A PAUSE" from Summer 2011: A cautious statement from July 2011 - And shortly after that, I put a DEPOSIT DOWN on a property in New Festival Quarter, near Poplar. I would have gone ahead with it, if my London-based business partner had been willing to Rent the flat. He decided not too - He was too nervous, so I did not go ahead with it, and lost the deposit. Is that the action of somewhat thinking we are in the middle of a Crash Cruise speed move? Of course not ! Where's your track record? If you think you can do better, then why not start your own UK Property Diary here or in the Trading section? (A serious suggestion,) You might even find that it becomes popular.

Oh, my - how eager are some folk to call a forecaster WRONG, without showing they can do better! In this case, I am reacting to some posts from John Doe:

You haven't read carefully - go back and look at my Diary. When the dips came, I saw potential for further drops, but BDEV stayed strong, you will see I did my best to keep a balanced view, while warning that rising rates were likely to be the eventual Bubble-popper Here's a recent example: If that's not Calling the Low at the (possible) Low, then what is? And have you forgotten these sorts of posts about "A PAUSE" from Summer 2011: A cautious statement from July 2011 - And shortly after that, I put a DEPOSIT DOWN on a property in New Festival Quarter, near Poplar. I would have gone ahead with it, if my London-based business partner had been willing to Rent the flat. He decided not too - He was too nervous, so I did not go ahead with it, and lost the deposit. Is that the action of somewhat thinking we are in the middle of a Crash Cruise speed move? Of course not ! Where's your track record? If you think you can do better, then why not start your own UK Property Diary here or in the Trading section? (A serious suggestion,) You might even find that it becomes popular.

I don't think you should be in any hurry to call me Wrong. My system works fine... and it has been simple: Watch BDEV ... as an early warning Best forecaster for London price? BDEV Meantime, I waited for a Low in UK and Rest-of-UK, and started saying we may have seen one some time ago: UK Rest-of-UK Have we seen the end of any possible Price Drop? No. Not IMHO. When interest rates rise, many people will find themselves "exposed." But the new government policy should deliver at least several months of price increases. What's your system?

Interesting - same "extreme" as at the top?

Who was right? I think it depends on what prices you are looking at. The Bulls can look at London, and say they called it right. While the Bears look at UK-Haliwide, or Rest of UK. London has been the "great divide."

(The UK economy continues to be "housing dependent", and that cannot be a good thing) Housing market predicted to revive in 2013 with more than 1m to ... The Guardian-5 hours ago House moves are also expected to be encouraged by falling mortgage costs due to the Bank ofEngland's Funding for Lending scheme. UK 'dependent' on property market Evening Standard-5 hours ago ... The UK will be "heavily dependent" on the property market this year, with one million house transactions set to offset continued eurozone woes. The Ernst & Young Item Club's spring forecast warns that the UK will have to wait until 2015 before exports start contributing positively to growth. It expects GDP to expand by just 0.6% this year and that, with the rebalancing of the economy on hold, the UK will again have to rely on the consumer. This year's forecast 7.5% rise in housing transactions comes as mortgage costs start to fall due to the Government and Bank of England's Funding for Lending scheme. And in last month's budget, Chancellor George Osborne announced plans to underwrite £130 billion of mortgages from next year.

Surprised ? / Seems like no one is... the postings have dried up on this thread April house prices hit record high Telegraph.co.uk - ‎4 hours ago‎ House-sellers have raised the average asking price by 2.1pc to £244,706, setting a new record for this time of year, according to the Rightmove property website.

Published on 12 Apr 2013 David covers the reasons behind the major pullback in metals on April 12 and where they may go from here. Gold : Cyclical Bear in a Secular Bull "Stay the course," says Macalvany

Assault On Gold Update — Paul Craig Roberts April 13, 2013 | NOTE: Readers point out that gold weights are based on metric tons and Troy ounces. 500 metric tons of gold would be 16,075,000 troy ounces. This changes the arithmetic slightly but not the point I was the first to point out that the Federal Reserve was rigging all markets, not merely bond prices and interest rates, and that the Fed is rigging the bullion market in order to protect the US dollar’s exchange value, which is threatened by the Fed’s quantitative easing. With the Fed adding to the supply of dollars faster than the demand for dollars is increasing, the price or exchange value of the dollar is set up to fall. A fall in the dollar’s exchange rate would push up import prices and, thereby, domestic inflation, and the Fed would lose control over interest rates. The bond market would collapse and with it the values of debt-related derivatives on the “banks too big too fail” balance sheets. The financial system would be in turmoil, and panic would reign. Rapidly rising bullion prices were an indication of loss of confidence in the dollar and were signaling a drop in the dollar’s exchange rate. The Fed used naked shorts in the paper gold market to offset the price effect of a rising demand for bullion possession. Short sales that drive down the price trigger stop-loss orders that automatically lead to individual sales of bullion holdings once their loss limits are reached. According to Andrew Maguire, on Friday, April 12, the Fed’s agents hit the market with 500 tons of naked shorts. Normally, a short is when an investor thinks the price of a stock or commodity is going to fall. He wants to sell the item in advance of the fall, pocket the money, and then buy the item back after it falls in price, thus making money on the short sale. If he doesn’t have the item, he borrows it from someone who does, putting up cash collateral equal to the current market price. Then he sells the item, waits for it to fall in price, buys it back at the lower price and returns it to the owner who returns his collateral. If enough shorts are sold, the result can be to drive down the market price. A naked short is when the short seller does not have or borrow the item that he shorts, but sells shorts regardless. In the paper gold market, the participants are betting on gold prices and are content with the monetary payment. Therefore, generally, as participants are not interested in taking delivery of the gold, naked shorts do not need to be covered with the physical metal. In other words, with naked shorts, no physical metal is actually sold... . . . Who has 16 million ounces of gold? At the beginning gold price that day of about $1,550, that comes to $24,800,000,000. Who has that kind of money? What happens when 500 tons of gold sales are dumped on the market at one time or on one day? Correct, it drives the price down. Investors who want to get out of large positions would spread sales out over time so as not to lower their sales proceeds. The sale took gold down by about $73 per ounce. That means the seller or sellers "lost" up to $73 dollars 16 million times, or $1,168,000,000. (DrB: Nope. If you are short gold, you make a profit on a drop.) Who can afford to lose that kind of money? Only a central bank that can print it. === /more: http://www.paulcraig...-craig-roberts/

Gold's Done - $1,000 is coming, says Neely...

Campbell: "Gold targets $1250, and will accelerate to get there..." That's a similar opinion to my Hedge Fund friends, B-and-E*. I this I may show him Campbell's chart, and ask for an opinion. Personally, I still think it can hold $1450, and think this selloff was "engineered" by Goldman Sachs. == == *per recent email: "Gold support broken, more declines expected. Target $1200-1300/oz."

Housing market set to return to pre-crash levels Britain is poised for a housing market revival as the market gives its strongest performance since the crash, according to a leading economic forecaster. More than 1m transactions will take place by the end of the year, representing the most activity since 2007 when there were nearly 1.8m. Photo: © Alamy By Emma Rowley / 14 Apr 2013 More than 1m transactions will take place by the end of the year, representing the most activity since 2007 when there were nearly 1.8m, according to the Ernst & Young ITEM Club. The following year, the market dipped to a low of around 900,000. After staying roughly flat this year, house prices will start to rise in tandem, up by 2.1pc in 2014, before rises of 5pc and 6pc over the following two years, according to its spring forecasts published on Monday.

MORE - on the same story

Donations ? 0.2 : // 0.1 :

PANIC SELLING ENGULFS GOLD (-$76) AND SILVER (-$1.54) Posted By: NaturalWisdom Date: Friday, 12-Apr-2013 16:03:54 If you believe today's collapse in precious metals prices was caused by normal supply and demand factors and not orchestrated by the cabal pulling levers behind the curtain, then you're probably the type who'd also have an interest in buying bridges in Arizona or beachfront property in the Sahara Desert. Panic Selling Hits Gold Trader Dan's Market Views Friday, April 12, 2013 "It is too early to call this as a final washout day but it has the makings of one. Thus far volume is running about 3-4 times its normal size! It might be in the range of over 300K by the time this session is over.The emotions are off the chart as FEAR and PANIC are on full display..." http://bit.ly/ZRARDI Maguire – Over 500 Tons Of Paper Gold Sold In Takedown King World News Friday, April 12, 2013 "Whistleblower Andrew Maguire told King World News that more than a stunning 500 tons of paper gold has been sold in today’s takedown in the gold market. Maguire also spoke to KWN about the staggering Chinese physical gold purchases..." http://bit.ly/14iaMGE Bashers For Hire Gone Wild Jim Sinclair's Mineset Friday, April 12, 2013 "I am complimented that it appears all the Yahoo "Bashers for Hire" activity is being focused on me today. That speaks positively to the end game in gold. I am encouraged by every obvious attempt to get into my head executed in any manner. The gold market bottoms the minute China and Russia decide it will and no chart can tell you that..." http://bit.ly/10UWh78 === /more: http://nesaranews.blogspot.hk/2013/04/panic-selling-engulfs-gold-76-and.html

Gold, Silver ‘Bounces Likely To Be Sold’ – TD Securities Kitco News - Apr 12 2013 7:53AM WHY? Gold is already massively oversold

Halifax House Price Index - March 2013 House prices in the first three months of 2013 were 1.2% higher than in the final three months of 2012 according to the latest Halifax House Price Index. Commenting, Martin Ellis, housing economist, said: "The housing market continues to show signs of modest improvement. Prices in the first three months of 2013 were 1.2% higher than in the preceding quarter (fourth consecutive increase). Prices were 1.1% higher than in the first three months of 2012. House sales also continued to rise, according to the latest industry-wide figures. "Weak income growth and continuing below-trend economic growth are likely to remain significant constraints on housing demand during the remainder of this year. Overall, we expect to see a modest increase in UK house prices during 2013." Key facts House prices in the first three months of 2013 were 1.2% higher than in the final three months of 2012. This was the fourth successive increase in this measure. Prices in the three months to March were 1.1% higher than in the first months of 2012.This was the third consecutive rise in this annual measure. House prices increased by 0.2% in March. This followed a 0.5% rise in February. Activity increases further. Home sales increased by 5% between January and February on a seasonally adjusted basis, according to the latest industry figures. Sales in February,at 85,710, were 10% higher than in February 2012 (Source: HMRC). The number of mortgage approvals for house purchases – a leading indicator of completed house sales – however, fell by 5% between January and February to its lowest level since September 2012 (Source: Bank of England, seasonally-adjusted figures). The chancellor announced a package of housing measures in last month's Budget consisting of two elements – Help to Buy: equity loan and Help to Buy: mortgage guarantee. The aims of the package are to: (i) increase the supply of low-deposit mortgages for credit-worthy households, (ii) boost levels of housebuilding and (iii) contribute to economic growth http://www.lloydsbankinggroup.com/media1/press_releases/2013_press_releases/halifax/050413_HPI.asp

BE CAREFUL how you move gold This is why you don’t want to move gold yourself… by SIMON BLACK on APRIL 10, 2013 April 10, 2013 Santiago, Chile A few days ago, Italian authorities stopped a man who was making his way across the border into Switzerland with his wife and three children. They searched his car and found, literally, a ton of gold bars hidden in a floorboard storage compartment. Needless to say, the gold was confiscated, the car was impounded, and the man was arrested, despite the fact that it’s perfectly legal to own and transport gold. Now, the European Union does require that ‘cash’ in excess of 10,000 euros be declared when crossing borders. Yet article II of EC regulation 1889/2005 states that “cash” for the purposes of declaration includes legal tender currency plus monetary instruments in bearer form– travelers cheques, promissory notes, bearer bonds, and stock certificates. Not gold. And certainly not gold bars. So the man was actually well within his legal rights. But it didn’t matter. They nabbed him on ‘suspicion of money laundering. === /more: http://www.sovereign...yourself-11629/

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