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gdep, Your: "OTP, you seriously believe in these numbers?? especially week to week up and down on particular estate..." I believe them if I have enough data to look at - and it "makes sense" in relation to my overall understanding of market dynamics. One week's figure for a particular estate may not have much meaning. But the Olympic area is undervalued IMHO, and the resilience here may be confirming that people are recognizing that. Even Elsdon MOVED to Long Beach recently. I don't think he did that because he thought prices were overvalued. And there are enough transactions for Kowloon as a whole to suggest it is holding up better than the rest of the SAR - so far, at least I don't follow The Belchers, so I cannot say anything intelligent about the 8% price drop there over the last month. But the estates that I do follow show more strength in West Kowloon than in Mid-levels since the BSD was announced. I'm not sure why, since you might have thought that WK was driven by mainland buyers. Perhaps it shows the preference of local residents, rather than Expats: Week : CCLI : CMMI : RobinPl: Tregun : Dynast: Clovell // IslHarb : ParkA : Waterf : Sorrent : TArch : C'ribC : TaikSh. ==== 11/25: 115.05 113.11: 16,570 : 19,594 : 23,865 : 22,227 / 10,293 : 11,749 : 13,633 : 17,853 : 22,286 : 6,042 : 11,590 11/18: 116.17 114.32: 16,597 : 19,626 : 23,904 : 22,264 // 9,815 : 11,584 : 13,602 : 17,811 : 22,234 : 6,198 : 11,695 11/11: 116.81 114.20: 16,717 : 19,768 : 25,410 : 22,424 // 9,984 : 11,784 : 14,531 : 16,714 : 22,466 : 6,361 : 11,528 11/04: 116.07 113.81: 16,666 : 19,708 : 23,167 : 22,356 // 9,975 : 11,646 : 12,887 : 16,680 : 22,420 : 6,194 : 10,911 10/28: 114.35 112.33: 16,564 : 19,587 : 23,025 : 22,039 // 9,925 : 10,805 : 12,736 : 15,744 : 22,906 : 6,137 : 11,461 10/21: 112.25 110.37: 16,336 : 19,318 : 22,708 : 21,735 // 9,864 : 10,738 : 12,649 : 15,583 : 23,432 : 6,146 : 11,317 ====== Note: 15% BSD on Non-residents was introduced, with effect from 27 Oct. 2012

BUYERS STAMP TAX - The impact so far In reaction to a comment: "OTP, you seriously believe in these numbers?? especially week to week up and down on particular estate..." ... THIS was posted: I believe them if I have enough data to look at - and it "makes sense" in relation to my overall understanding of market dynamics. One week's figure for a particular estate may not have much meaning. But the Olympic area is undervalued IMHO, and the resilience here may be confirming that people are recognizing that. Even E-- MOVED to Long Beach recently. I don't think he did that because he thought prices were overvalued. And there are enough transactions for Kowloon as a whole to suggest it is holding up better than the rest of the SAR - so far, at least I don't follow The Belchers, so I cannot say anything intelligent about the 8% price drop there over the last month. But the estates that I do follow show more strength in West Kowloon than in Mid-levels since the BSD was announced. I'm not sure why, since you might have thought that WK was driven by mainland buyers. Perhaps it shows the preference of local residents, rather than Expats: Week : CCLI : CMMI : RobinPl: Tregun : Dynast: Clovell // IslHarb : ParkA : Waterf : Sorrent : TArch : C'ribC : TaikSh. ==== 11/25: 115.05 113.11: 16,570 : 19,594 : 23,865 : 22,227 / 10,293 : 11,749 : 13,633 : 17,853 : 22,286 : 6,042 : 11,590 11/18: 116.17 114.32: 16,597 : 19,626 : 23,904 : 22,264 // 9,815 : 11,584 : 13,602 : 17,811 : 22,234 : 6,198 : 11,695 11/11: 116.81 114.20: 16,717 : 19,768 : 25,410 : 22,424 // 9,984 : 11,784 : 14,531 : 16,714 : 22,466 : 6,361 : 11,528 11/04: 116.07 113.81: 16,666 : 19,708 : 23,167 : 22,356 // 9,975 : 11,646 : 12,887 : 16,680 : 22,420 : 6,194 : 10,911 10/28: 114.35 112.33: 16,564 : 19,587 : 23,025 : 22,039 // 9,925 : 10,805 : 12,736 : 15,744 : 22,906 : 6,137 : 11,461 10/21: 112.25 110.37: 16,336 : 19,318 : 22,708 : 21,735 // 9,864 : 10,738 : 12,649 : 15,583 : 23,432 : 6,146 : 11,317 ====== Note: 15% BSD on Non-residents was introduced, with effect from 27 Oct. 2012

/Link: http://tinyurl.com/HKrents-Oct12

It sounds like a smart move. If you do a good job with that, you may get back all the costs when you sell it. But cashing out, eliminating all mortgage debt, and putting some cash in your bank account can be a smart move too.

WHY BUY - when Rents are Falling ??? Rents in prime central London are falling as job losses bite in the City – but despite this, more rentals are being agreed as would-be buyers become tenants instead. According to Knight Frank, rents fell 0.5% last month, taking the annual rate of decline to 2.7%. News that UBS is to cut up to 3,000 jobs in its London offices, combined with similar moves by Credit Suisse and Deutsche Bank, mean the downward trend is likely to continue, says Knight Frank.

Excellent ! - that Mauldin link I found this in it: McEwen: Gold Hitting More Mining Barriers Video : http://www.bloomberg...Alj2MMf3vw.html Nov. 23 (Bloomberg) -- McEwen Mining CEO Rob McEwen discusses the future of the gold market. He speaks with Alix Steel on Bloomberg Television's "Lunch Money." (Source: Bloomberg) === Note: I had the privilege of spending an hour with Rob McEwen in a 3 way conversation back in the spring, here in HK. He is truly a brilliant guy with deep thoughts on the gold market

http://www.youtube.com/watch?v=brvtcdFnhOs Richard Alan Miller has a background working in black projects above top secret. He has recently come forward in a more public way to talk about his experiences and has several new books he has recently published focusing on alchemy, psychic development and much more. He is a master magician, known in Illuminati circles and occult lodges but one with a true heart. Kerry Cassidy, Project Camelot : http://projectcamelot.tv : http://projectcamelot.org Richard Alan Miller: Physicist, Bio Physicist, Herbalist - Born : 1944 Author & researcher Richard Alan Miller reveals a wealth and depth of knowledge and experience in Alternative Agriculture, New Age Physics, and Metaphysics. Miller began working in the "X-Files" world in the 60s and has amazing experiences and conclusions to share. An original team-member, "man-in-black," Miller's research in the field of Parapsychology & Paraphysics began as a graduate physicist working 11 years with Navy Intel. Offering fresh perspectives on Metaphysical traditions his books, papers & articles include The Modern Alchemist; ESP Induction Through Forms of Self-Hypnosis, and "A Holographic Concept of Reality." Richard Alan Miller has been at the forefront of many fields during his long and varied career. A solid-state physicist with graduate work at MIT, Miller was involved in groundbreaking work for cloaked agencies in the late '60s and '70s. A colleague of Dr. Stanley Krippner, Miller co-authored in 1973 the paper, The Holographic Concept of Reality - a document whose implications for psychoenergetic systems are only now beginning to be realized. He is a Swiss mason and also belongs to O.T.O., A:.A:., and several other German Blue Lodges. He has been initiated into a number of pagan cults, including Church of All World (1974-) and Coven Camelot, Star of the North (1973-). Miller is listed in Who's Who in the World, America, and the West, and now writes for Nexus magazine.

Gold Heads for Biggest Loss in Three Weeks on U.S. Economic Data By Nicholas Larkin - Nov 28, 2012 5:46 AM PT Gold headed for the biggest drop in more than three weeks on speculation that improving U.S. economic data will curb demand for the metal as a protection of wealth. Reports showed yesterday that consumer confidence in the U.S. rose to a four-year high and home prices gained by the most since 2010. U.S. Senate Majority Leader Harry Reid said he is “disappointed” in the lack of progress in talks to avoid the fiscal cliff of spending cuts and tax increases in January. Gold-backed exchange-traded-product holdings reached a record. “Despite on-going concerns over looming public spending cuts and tax hikes into 2013, macro numbers in the U.S. remain relatively positive,” Andrey Kryuchenkov, an analyst at VTB Capital in London, wrote today in a report. “Market participants will remain cautious about adding to their already substantial longs, given bullish U.S. data like yesterday,” he said, referring to bets on higher gold prices. Gold futures for February delivery fell 1.6 percent to $1,717.30 an ounce at 8:44 a.m. on the Comex in New York. A close at that prices would be the biggest loss since Nov. 2. Holdings in gold-backed ETPs climbed 5.1 metric tons to a record 2,612.1 tons yesterday, data compiled by Bloomberg show. The U.S. Mint sold 75,500 ounces of American Eagle gold coins so far this month, the most since January, data on its website show. === /more: http://www.bloomberg...p-holdings.html

Hmm. Seems like they are trying to give a big hard shove to the normal seasonal dip: Lynn Hilton, Partner for Residential Lettings at Cluttons, said: 'Affordability is now central to the performance of London’s rental market. Landlords cannot achieve the rents they were getting twelve months ago and must now be far more realistic with rent reductions of around 15-20 per cent in order to secure a let. 'Despite a small turn around in rents during the third quarter, our evidence shows that rents have begun retreating once more, highlighting the need for landlords to be realistic in their approach and expectations. Sensible landlords need to accept these reductions to minimise void periods. Greater choice across Central London is no doubt adding to tenants’ bargaining power.' I suppose the landlords should suggest that the agents be "realistic with their commissions", and cut them by 15-20% below normal

Superstorm Sandy Flooded Gold Vault in Manhattan By Lori Spechler | CNBC – 22 hours ago When Super Storm Sandy flooded lower Manhattan, it also flooded the vaults of at least one gold depository. Monday, the CME declared force majeure at a precious metals depository in New York, Manfra, Tordella and Brookes ("MTB") effective immediately. This depository is one of five locations listed by the CME for the warehousing of physical gold. "We moved the inventory after the vaults had flooded," says MTB CEO Raymond Nessim. We had water in the vaults but, "all inventory is intact and in good shape." (More From CNBC: The World's Biggest Gold Reserves) MTB has relocated its inventory to a Brink's depository near John F. Kennedy International Airport ("JFK") according to Nessim. Before the storm, the MTB depository had already been in the process of moving to a midtown location. Currently located at 90 Broad Street, that move is expected to be completed by the first quarter of next year, according to the CEO. Nessim notes that his vaults flooded by Superstorm Sandy are "very close" to the Federal Reserve Bank of New York and its gold vault. As of 2008 that vault held 216 million troy ounces of gold in 2008 and is "80 feet below street level and 50 feet below sea level," according to the New York Fed's website. However, a spokesperson for the Federal Reserve Bank of New York says that the building was secure, dry and operational throughout the storm. (More From CNBC: The 'Sneaky Bid' in Gold and Silver) According to a spokesperson for the CME, Damon Leavell the situation at MTB should not be disruptive to the gold market. "It's going to be business as usual," he says. --- http://finance.yahoo...-143826631.html

Haha They may change their minds, if they are late in the great exodus

Increasing London property prices fuelled by offshore buyers The Finance Pages-by Jon Li-20 hours ago Tax evasion hits new high in Britain ...as rich overseas property buyers are focusing their purchases on prime central London property by avoiding taxes, thus making huge profits which in turn drives up property prices, according to an investigation led by the Guardian and the Washington based International Consortium of Investigative Journalists (ICIJ). The Guradian’s investigation along with ICIJ covered nearly 60 sample premises which showed an alarming number of buyers acquiring more number of luxury homes in London. While some buyers lived abroad, some were dwelling in the UK itself, while building property empires using artificial practices such as avoiding inheritance tax, capital gains tax and stamp duty. Since 2009, the UK property prices have risen 49% in prime central London, which is five times more than the rest of the UK, according to estate agents Knight Frank. Guardian reports that in 2011 alone, more than £7bn of offshore money flooded into potentially tax-exempt purchases of UK houses, flats and office blocks. The UK government allows property buyers to hide their identities on the official Land Registry. Moreover, overseas entities do not pay any tax on the proceeds of property speculation, unlike resident Britons.

Haven't people in the UK yet worked out that the Boomers are going to Downsize?? Why stay in London, when you can get something nicer elsewhere for half the price?

City-by-city look at US house prices MarketWatch - ‎40 minutes ago‎ WASHINGTON (MarketWatch) - Here's a city-by-city breakdown of the S&P/Case-Shiller 20-city composite, which showed a not-seasonally adjusted 0.3% increase in home prices in September. Boston: Prices decreased 0.6% in September, with an annual gain of 1.9%. Charlotte, N.C.: Prices decreased 0.3%, and increased 3.5% over the past 12 months. Chicago: Prices decreased 0.6% in September and are down 1.5% over the past year, making this city one of two with negative annual results.

Now 19.5% : SLV-$33.02 / GLD-$169.43 = 19.49%

Interview with Kerry Cassidy Kerry Lynn Cassidy has a BA in English with graduate work in Sociology, an MBA certificate from the UCLA Anderson Graduate School of Management, and was competitively selected to attend a year of film school at the UCLA Extension Short Fiction Film Program as one of their first "hyphenates": a writer-director-producer. After 19 years in Hollywood working for major studios and independent production companies in production, development and new media, she has written a number of screenplays. As an independent producer she pitched projects around Hollywood to major producers and directors and then in April 2006 Kerry co-founded Project Camelot with Bill Ryan and has been working as a documentary filmmaker and producer for the past 6 years. She conducts interviews documenting the testimony of whistleblowers with above top secret clearances as well as researchers and experiencers covering all aspects of reality both on and off planet. Kerry speaks at conferences around the world on the subjects of ETs, the Illuminati agenda, mind control, the matrix, prophecies, 2012 and many other subjects. Kerry is an intuitive and spent years researching the occult and studying Eastern philosophy. While spending dedicated time in meditation, she linked her chakras in her 20s and has had multiple samadhi experiences since then.

Volume was "too light" unfortunately. Maybe we will get some higher volume follow-through next week

Strong buying related to next Tuesday's expiration of the popular December COMEX options also lifted gold. Heavy positioning of the $1,750 and $1,800 strikes in call options could increase volatility and lift prices, traders said.

THIS - from before the JUMP PRECIOUS-Gold tops $1,730/oz as stocks rise, dollar wilts 7:43am EST http://www.reuters.c...E8MN8Z520121123 Fri Nov 23, 2012 10:20am EST * Hopes for Greek debt deal, German data lifts euro, stocks * Prices set to face resistance near $1,740/oz * Silver outperforms gold, set for 3.5 pct weekly rise (Adds trade comment, updates prices) By Jan Harvey LONDON, Nov 23 (Reuters) - Gold prices rose above $1,730 an ounce on Friday as positive German economic data and hopes that Greece's creditors are nearing an agreement to tackle its debt lifted the euro to a three-week high versus the dollar and trimmed losses in stocks. Trade was expected to be quiet, however, with the U.S. stock market open for only a half-day of business after the Thanksgiving holiday on Thursday. "The dollar is coming off on the back of the German data and hopes for a Greek deal, and this is supporting gold," Andrey Kryuchenkov, analyst with VTB Capital, said. "Gold is likely to trade sideways, with key resistance at $1,740, but the price will depend on where the euro goes." == == With Gold up about 1%, The US dollar is down about 0.5%

SUDDENLY - not sure why

Welcome, Goldie, from "the other side" (& I thought that was the Fringe)

Wow. I did not realise that so much was lost in the incident. My prayers go out to the people of Japan Clif High believes the planet is growing. But even if he is right, it does not mean that all countries, or even most countries are gaining land

Hmm When did that happen, J. ?

"Man's first purpose... was to Mine Gold" That's what Zecheria Sitchin believed. After translating Sumerian scrolls, he developed the theory that humans were genetically engineered by "the Annunaki" to mine gold A strange theory, but many believe it

For those who invest in Exploration stocks, this talk was excellent