drbubb

Greater London prices have SOARED relative to UK as a whole Er, ah... Obviously, there are opportunities for "arbitrage" - moving people and businesses out of London, to save money? How do you do that? You learn from London. Consider what makes it one of the greatest Walkable cities on the planet.

Nice chart !

I am trying to hold onto my UGL trade I bought 60x Bull Spreads : UGL-$90 / UGL-$100, and just sold 18cts, to pay for the whole trade Just lately, my Overall account has been rising by $20-40,000 per day, and I feel a need to take some profits here and there

We Are Now Beginning The Last Wave Of Gold’s Major Uptrend September 13, 2012 On the heels of the Fed announcing QE3, and the gold market surging higher, today King World News wanted to speak with the firm that is calling for $10,000 gold. Paul Brodsky, who co-founded QB Asset Management Company, had this to say about what what the Fed and other central planners are doing:... Read more...: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/9/13_We_Are_Now_Beginning_The_Last_Wave_Of_Golds_Major_Uptrend.html

Ron Paul: "Country Should Panic Over Fed's Decision" What took Ben Bernanke sixty minutes of mumbling about tools, word-twisting, and data-manipulating to kinda-sorta admit - that in fact he is lost; Ron Paul eloquently expresses in 25 seconds in this Bloomberg TV clip. Noting that "we are creating money out of thin air," Paul sums up Bernanke's position perfectly "We've Lost Control!" [link to www.zerohedge.com] "The Fed has expressed a Lack of Confidence ... They don't know what to do." “It should not surprise anybody, but it is still astounding. To me, it is so astounding that it does not collapse the markets. [bernanke] said, ‘We are in very big trouble. We are going to do something unprecedented and we believe it will not hurt the dollar.’ And yet the stocks, they say ‘we love this stuff.’ But the dollar didn’t do so well today and the real value of the dollar is measured against gold, and gold skyrocketed from its very low to its highest. It means we are weakening the dollar. We are trying to liquidate our debt through inflation. The consequence of what the Fed is doing is a lot more than just CPI. It has to do with malinvestment and people doing the wrong things at the wrong time. Believe me, there is plenty of that. The one thing that Bernanke has not achieved and it frustrates him, I can tell—is he gets no economic growth. He doesn’t do anything with the unemployment numbers. I think the country should have panicked over what the Fed is saying that we have lost control and the only thing we have left is massively creating new money out of thin air, which has not worked before, and is not going to work this time.

Halifax House Price Index - August 2012 There was little change in underlying house price growth in the UK over first eight months of 2012, according to the latest Halifax House Price Index. Commenting, Martin Ellis, housing economist, said: "Nationally, house prices continue to tread water, as measured by the underlying trend. Prices in the three months to August were fractionally lower (-0.3%) compared with the previous three months. House prices fell by 0.4% in August with the declines in the past two months largely offsetting the gains in the preceding two months. "Overall, there has been little change in house prices so far this year with the UK average price in August at a very similar level to the end of 2011. A gradual upward trend in spending power, aided by lower inflation, should help to support housing demand in the coming months. Nonetheless, house prices are likely to remain flat over the remainder of 2012 and into next year." Key facts House prices in the three months to August were 0.3% lower than in the preceding three months. This was slightly worse than in July when there was a 0.1% decline in prices on a three monthly basis. House prices declined by 0.4% in August. This was the second successive monthly fall, with these two decreases largely cancelling out the rises recorded in May and June. Little overall change in prices over the first eight months of 2012. The average UK house price in August 2012 was 0.2% higher than in December 2011. House prices nationally are at a very similar level to three years' ago, at £160,256. /more: http://www.lloydsbankinggroup.com/media1/press_releases/2012_press_release_brands/halifax/0609_HPI.asp

(not sure what this means) Bill Murphy sat down with Elijah Johnson to talk about the pending JP Morgan/Silver "Announcement" that is looming on the horizon. Here's the interview: http://www.roadtoroo...public/1003.cfm Make no mistake, announcing that the largest bank in the world and the largest derivative player in the world is being busted for manipulating the silver market is a Global Game Changer. And I mean GAME CHANGER. As in an instantaneous rush into silver. As in an instantaneous destruction of anyone holding a silver short position. As in ZERO sellers of silver at any price. As in an instantaneous monetary implosion. As in an instantaneous banking run. And as in an instantaneous rise in the status of the Ron Paul for President campaign. Yes, the game is still being played...it's just gonna be a harder transition than we had hoped. What's that song "I beg your pardon...I never promised you a Rose Garden"! This week I will layout a new 90-day timeline for Private Road Members as we count down to the End of the World as We Know It. Posted by John MacHaffie Watch For A Fed "Mistake" Tomorrow Hello All: Bix says watch for the Feds. Announcement tomorrow it may be interesting.

BDEV: 159.40 -10.30 Open: 168.00 High: 170.05 Low: 158.20 Volume: 6,064,256 Percent Change: -6.07% SELL ON NEWS ?? ==== Barratt Developments has reported an increase in annual profit to £191.1m - up 41.6% on the same period last year. Revenues at the housebuilder - known for its new-builds - increased by 14.1%, while the average sales price of its homes rose from £178,300 to £180,000. It also managed to almost halve its net debt to £167.7m. Government schemes to boost the housing market and a drive to build new homes on higher-margin land - in the South East for example - boosted its results, the company said. An increase in the number of homes it completed - 12,637 this year compared with 11,078 last year - also helped.

one-month gold price forecast from $1700 per ounce to $1850 per ounce - Nice seasonal move ?

Don't give up on the idea of some downside.

Makes sense There may be more upside, but prices are good today ! Property stocks, HSI ... update : hk1 : hk16 : hk10 : hk12 : hk13 ... as well as China stocks, all look cheaper than HK property

It's only ONE of my favorites! Others are: ===== + The inefficiencies of Suburbia, and a car-addiction + Safe Havens and Shambolas in future times of stress + The possible agenda(s) of TBPB, and how to save yourself from them + New ways of viewing time, and learning from the future + What can we learn from Hidden wise folk, and including ETs, if indeed they exist + The cycles of life, and the cycles of markets + New trading methods + The wonders of the Gold and Silver markets SHOULD WE HAVE A POLL, to see which of these topics others like? And which good ones I have missed in my list (The Hyperinflation vs Deflation debate?)

Hong Kong's Fevered Property Market According to a new report by Andrew Lawrence, head of Asia ex-Japan Real Estate for Barclay’s Capital in Hong Kong, the average deposit for a first-time buyer on a 400-square foot flat in the New Territories, well beyond the fashionable enclave on Hong Kong island itself, is 3.3 times the average annual income in the territory. That was exactly where the market topped out in 1997. It is also exactly where the market topped out in September of 1980 and precipitated a fall in property that took it all the way down to below 1.25 times average income six years later, by March of 1986. It then took 13 years to climb back to its 1997 peak. The market has reached these current heights at a time when stress is beginning to show in Hong Kong’s economy as the intensifying Eurozone crisis and the sharp slowdown over the border begin to take their toll /more: http://asiasentinel.com/index.php?option=com_content&task=view&id=4791&Itemid=224

REUTERS GETS IT RIGHT ! After viewing the horsefeathers from the "despicable Estate Agent" (whoops! that's redundant.) Try reading the Reuters article Luxury developers "facing threat of Crash" in London Companies racing to cash in on bonanza driven by overseas demand could crash market + Over 15,000 homes in development worth more than Pds 38 Billion are due for completion in the next 10 years + Total floor area covers almost 20 million sf = size of London Olympic park + "Developers are racing to get first to site, because they don't want to miss out on the boom that is happening + Prices for the best central London homes rose 1.8 percent in the three months to August (Knight Frank) + About 4,000 high-end homes will be built in London in 2016 alone - an eight fold increase on the average per year !! Even foreign developers like SP Septia and Sime Darby are getting in on the act - They will build 3,000 homes at Battersea Power Station (Wow! what a difference between Quality journalism, and schlock spin!)

Nailing the Horsesh/t to the Wall - It Sticks!, (...and it Stinks too) Mr. Ivor Dickinson was out promoting his Prime London Property fund - in Sept.2007, just as the UK and London was making its top. Do you suppose that he had property to unload on behalf of clients ? I wonder how many were duped by his arguments ?? Let's analyze the Horse-pucky, and "celebrate" the predictable behaviour of London Property Agents ! Read his arguments BELOW, and in the OP of this thread: http://tinyurl.com/GEI-London His statement in Sept.2007 was : "Next three months presents good buying moment" I suppose he meant to buy in the winter: Dec.2007 - Jan.2007 What happened after the Top? / As per the KFPC-London Index (Index) : KFPC Index Jan.08 : 4,764.4 : call it 100.0% Mar.08 : 4,796.6 : call it 100.57% Mar.09 : 3,652.2 : call it: 76.65% There was a drop of -23.3% over the 18 months after his Email ! And a -23.8% drop from the Top which came just when he planned to be buying. That's not good. And anyone who bought the fund after receiving the email was likely to be disappointed. Sure. By now he will be telling his clients how much money they could have made if they had bought in March 2009, more than a year after the Buying Window he had identified. "In Aug.2007 ...within two years, £4,000 per sq ft would be common place" What horse-pucky! The low was March 2009, and two years later (3,886.3 in Aug. 2009), prices were -19% off the Top!

Nailing the Horsesh/t to the Wall - It Sticks!, ...and it Stinks too Mr. Ivor Dickinson was out promoting his Prime London Property fund - in Sept.2007, just as the UK and London was making its top. Do you suppose that he had property to unload on behalf of clients ? I wonder how many were duped by his arguments ?? Let's analyze the Horse-pucky, and "celebrate" the predictable behaviour of London Property Agents ! Read his arguments BELOW, and in the OP of this thread: http://tinyurl.com/GEI-London His statement in Sept.2007 was : "Next three months presents good buying moment" I suppose he meant to buy in the winter: Dec.2007 - Jan.2007 What happened after the Top? / As per the KFPC-London Index (Index) : KFPC Index Jan.08 : 4,764.4 : call it 100.0% Mar.08 : 4,796.6 : call it 100.57% Mar.09 : 3,652.2 : call it: 76.65% There was a drop of -23.3% over the 18 months after his Email ! And a -23.8% drop from the Top which came just when he planned to be buying. That's not good. And anyone who bought the fund after receiving the email was likely to be disappointed. Sure. By now he will be telling his clients how much money they could have made if they had bought in March 2009, more than a year after the Buying Window he had identified. "In Aug.2007 ...within two years, £4,000 per sq ft would be common place" What horse-pucky! The low was March 2009, and two years later (3,886.3 in Aug. 2009), prices were -19% off the Top!

GPC - DATA bank: / LONDON House Prices Mo.: Rt'mov : London : Kfpc-A : KfPrime : When?: 18th? - 18-20th : 2008: J. : : 230,428 : 398,476 / 397,033 : 4,764.4 : F : : 237,856 : 402,233 / 399,367 : 4,792.4 : M : : 239,655 : 407,383 / 399,717 : 4,796.6 : A : : 239,521 : 403,545 / 394,975 : 4,739.7 : M : : 242,500 : 404,541 / 388,350 : 4,660.2 J. : : 239,564 : 399,010 / 381,442 : 4,577.3 : Jl : : 235,219 : 400,258 / 374,283 : 4,491.4 : A : : 229,816 : 379,162 / 367,875 : 4,414.5 : S : : 227,438 : 394,248 / 360,108 : 4,321.3 : O : : 229,691 : 395,560 / 346,050 : 4,152.6 : N : : 222,979 : 390,340 / 333,600 : 4,003.2 : D : : 217,808 : 391,721 / 326,217 : 3,914.6 : 2009: J. : : 213,570 : 386,653 / 314,125 : 3,769.5 : F : : 216,163 : 387,988 / 309,442 : 3,713.0 : M : : 218,081 : 398,867 / 304,350 : 3,652.2 : A : : 222,077 : 387,161 / 305,525 : 3,666.3 : M : : 227,441 : 397,646 / 310,492 : 3,725.9 : J. : : 226,436 : 397,140 / 315,750 : 3,789.0 : Jl : : 227,864 : 402,761 / 320,542 : 3,846.5 : A : : 222,762 : 387,265 / 323,858 : 3,886.3 : S : : 223,996 : 390,768 / 328,142 : 3,937.7 : O : : 230,184 : 416,157 / 335,000 : 4,020.0 : N : : 226,440 : 403,069 / 338,933 : 4,067.2 : D : : 221,463 : 398,426 / 346,217 : 4,154.6 : Mo.: Rt'mov : London : Kfpc-A : KfPrime : 2010 J. : : 222,261 : 407,731 / 350,100 : 4,201.2 : F : : 229,398 : 427,987 / 361,233 : 4,334.8 : M : : 229,614 : 417,461 / 363,917 : 4,367.0 : A : : 235,512 : 421,822 / 368,808 : 4,425.7 : M : : 237,134 : 420,203 / 373,975 : 4,487.7 : J. : : 237,767 : 429,597 / 377,200 : 4,526.4 : Jl : : 236,332 : 422,248 / 375,500 : 4,506.0 : A : : 232,241 : 405,058 / 375,325 : 4,503.9 : S : : 229,767 : 399,019 / 374,675 : 4,496.1 : O : : 236,849 : 418,778 / 373,808 : 4,485.7 : N : : 229,379 : 417,279 / 377,025 : 4,524.3 : D : : 222,410 : 408,248 / 381,992 : 4,583.9 : 2011 J. : : 223,122 : 413,259 / 386,142 : 4,633.7 : F. : : 230,030 : 430,680 / 389,975 : 4,679.7 : M : : 231,790 : 424,307 / 395,208 : 4,742.5 : A : : 235,822 : 431,013 / 399,233 : 4,790.8 : M : : 238,874 : 430,936 / 404,742 : 4,856.9 : J. : : 240,394 : 438,622 / 408,558 : 4,902.7 : Jl : : 236,597 : 432,641 / 411,417 : 4,937.0 : A : : 231,543 : 418,008 / 414,925 : 4,979.1 : S : : 233.139 : 427,889 / 417,575 : 5,010.9 : O : : 239,672 : 450,210 / 420,600 : 5,047.2 : N : : 232,144 : 444,724 / 424,600 : 5,095.2 : D : : 225,766 : 434,871 / 428,192 : 5,138.3 : Mo.: Rt'mov : London : Kfpc-A : KfPrime : 2012 J. : : 224,060 : 438,324 / 432,125 : 5,185.5 : F. : : 233,252 : 449,252 / 435,167 : 5,222.0 : M : : 236,939 : 455,159 / 439,908 : 5,278.9 : A : : 243,737 : 464,944 / 444,850 : 5,338.2 : M : : 243,759 : 469,314 / 448,175 : 5,378.1 : J. : : 246,235 : 477,440 / 451,592 : 5,419.1 : Jl : : 242,097 : 460,304 / 453,683 : 5,444.2 : A : : 236,260 : 454,875 / == ?? == : ==n/a= : =============================== mom:- 2.41% : - 1.18% : Note : KfPrime = Knight Frank Prime Central London Index /see: http://project.knightfrank.com.hk/xmasref/marketing/reports/reports/PrimeCentralLondonSalesIndex_2012july.pdf

Knight Frank vs. Rightmove Mo.: Rt'mov : London : Kfpc-A : KfPrime : 2009: J. : : 213,570 : 386,653 / 314,125 : 3,769.5 : F : : 216,163 : 387,988 / 309,442 : 3,713.0 : M : : 218,081 : 398,867 / 304,350 : 3,652.2 : A : : 222,077 : 387,161 / 305,525 : 3,666.3 : M : : 227,441 : 397,646 / 310,492 : 3,725.9 : J. : : 226,436 : 397,140 / 315,750 : 3,789.0 : Jl : : 227,864 : 402,761 / 320,542 : 3,846.5 : A : : 222,762 : 387,265 / 323,858 : 3,886.3 : S : : 223,996 : 390,768 / 328,142 : 3,937.7 : O : : 230,184 : 416,157 / 335,000 : 4,020.0 : N : : 226,440 : 403,069 / 338,933 : 4,067.2 : D : : 221,463 : 398,426 / 346,217 : 4,154.6 : Mo.: Rt'mov : London : Kfpc-A : KfPrime : 2010 J. : : 222,261 : 407,731 / 350,100 : 4,201.2 : F : : 229,398 : 427,987 / 361,233 : 4,334.8 : M : : 229,614 : 417,461 / 363,917 : 4,367.0 : A : : 235,512 : 421,822 / 368,808 : 4,425.7 : M : : 237,134 : 420,203 / 373,975 : 4,487.7 : J. : : 237,767 : 429,597 / 377,200 : 4,526.4 : Jl : : 236,332 : 422,248 / 375,500 : 4,506.0 : A : : 232,241 : 405,058 / 375,325 : 4,503.9 : S : : 229,767 : 399,019 / 374,675 : 4,496.1 : O : : 236,849 : 418,778 / 373,808 : 4,485.7 : N : : 229,379 : 417,279 / 377,025 : 4,524.3 : D : : 222,410 : 408,248 / 381,992 : 4,583.9 : 2011 J. : : 223,122 : 413,259 / 386,142 : 4,633.7 : F. : : 230,030 : 430,680 / 389,975 : 4,679.7 : M : : 231,790 : 424,307 / 395,208 : 4,742.5 : A : : 235,822 : 431,013 / 399,233 : 4,790.8 : M : : 238,874 : 430,936 / 404,742 : 4,856.9 : J. : : 240,394 : 438,622 / 408,558 : 4,902.7 : Jl : : 236,597 : 432,641 / 411,417 : 4,937.0 : A : : 231,543 : 418,008 / 414,925 : 4,979.1 : S : : 233.139 : 427,889 / 417,575 : 5,010.9 : O : : 239,672 : 450,210 / 420,600 : 5,047.2 : N : : 232,144 : 444,724 / 424,600 : 5,095.2 : D : : 225,766 : 434,871 / 428,192 : 5,138.3 : Mo.: Rt'mov : London : Kfpc-A : KfPrime : 2012 J. : : 224,060 : 438,324 / 432,125 : 5,185.5 : F. : : 233,252 : 449,252 / 435,167 : 5,222.0 : M : : 236,939 : 455,159 / 439,908 : 5,278.9 : A : : 243,737 : 464,944 / 444,850 : 5,338.2 : M : : 243,759 : 469,314 / 448,175 : 5,378.1 : J. : : 246,235 : 477,440 / 451,592 : 5,419.1 : Jl : : 242,097 : 460,304 / 453,683 : 5,444.2 : A : : 236,260 : 454,875 / == ?? == : ==n/a= : =============================== mom:- 2.41% : - 1.18% : Est. DI : : 144.5% /

Why London's Luxury Property Market is set to Boom Crazy, misleading headline ! Why do they make headlines like this AFTER something has already happened? Is it to signal to the savy, that then trend is ending?? http://www.businessweek.com/videos/2012-09-03/why-londons-luxury-property-market-is-set-to-boom The story itself shows a despicable Estate Agent pumping "high end" London, while the reporter talks about plans to "keep on building", 15,000 new Luxury properties, in Central London. Sounds more like the End of a Boom, rather than the beginning of one.

Knight Frank has its own Index for Prime Central London Property Not surprisingly, it shows big increases since 2009, and also reflects a market they say is at Record Highs HIGHLIGHTS Prime central London prices hit new high but pace of growth slows Prices are now more than 13% higher than the previous market peak in early 2008, but stamp duty and the uncertainty surrounding proposed tax changes for houses worth £2m+ begin to weigh on the market. Key Findings + Prime central London property prices rose 0.5% in July, taking annual growth to 10.3% + Prices have now risen by 49% since the post credit-crunch low in March 2009 + Prices are at a new record high and are 13.5% above their previous peak in March 2008 + Properties in the lower price bands have outperformed in recent months ==== /The Index: http://project.knightfrank.com.hk/xmasref/marketing/reports/reports/PrimeCentralLondonSalesIndex_2012july.pdf

BEYOND GOLD, watch... METALS OUTLOOK: After Bernanke, Focus Now On ECB, US Jobs And Chinese Data 31 August 2012 .. By Debbie Carlson If eurozone gross domestic product data on Thursday shows the economy contracted, that could spur the ECB to act, analysts said. Friday brings the August nonfarm payrolls report. Bernanke’s Friday comment about the “stagnation of the labor market” makes the jobs report significant. The July data showed 163,000 new jobs were created and market participants will watch to see if that sort of growth is maintained. Analysts surveyed by MarketWatch call for August payrolls to have risen by 120,000 and the unemployment rate to tick down to 8.2%. “If there is a big miss to the downside, the market will aggressively price in a large QE for the Sept. 13 FOMC (Federal Open Market Committee) meeting. If the data is better than expected, the market will slowly price out the QE3,” Busch said. Several Chinese economic data releases are slated for the week, starting Saturday, with NBS Manufacturing PMI. On Sept. 9, inflation data, industrial production, trade balance and retail sales are expected. Barclays Capital said if the data comes out weaker than expected, especially if inflation is higher than anticipated, it could signal further evidence of slowing economic activity and that would weigh on global growth prospects and risky assets. Jimmy Tintle, owner, GreenKey Alternative Asset Services, said more than anything else, China is really what market participants should watch. “Their economy doesn’t look healthy. I can see a slide by them into the end of the year. If China’s economy sinks, that’s bearish gold. I know people are looking for gold to rally into the end of the year and people have gotten long gold and silver, but I don’t see the demand there. If China’s economy weakens, there’s no inflation because people can’t buy anything,” Tintle said. /more: http://www.kitco.com/reports/KitcoNews20120831DeC_outlook.html

NEW HIGH for the year in BDEV: 157.23P / BDEV-chart The volume looks decent, and PSN is also banging up to near highs

MM, This project makes your Wormhole look easy: US firm announced an ambitious project to build a lunar space elevator that could transport both robots and humans using an existing technology, in less than a decade. Fundraising efforts are already underway A wormhole might be easier and cheaper to build and use than a Space Elevator

No struggle here - What is needed is some careful monitoring. And DBA is something to watch, if you want to stay on the right side of the Gold price move