carbon junkie

Or was it a boating accident, where you accidentaly dropped your stash in a very deep lake. Its so annoying, I know I've done it myself.

That'll be a no then.

But have you done it gracefully?

The Fed stands ready to increase its quantative easing should market conditions prevail. This is not 2008 NIRP and QE will see to that. This is just a bit of G20 bullsh*t manipulation. People are rarely targets because they might be right at some point in the future they are usually targets because they are spectacularly wrong in the present.

You always used to post linear charts until me and others pulled you up on it some time ago. Good to see you've taken the advice.

Seems to be more acceptable if its a moderator doing the rattling.

$1,418 correction over? They ain't like they used to be. Expecting a smackdown of course. Armstrong says over $1440 and its a new trendline. Sinclair said $1,650 We are starting to get to the meat of this now!

I am afraid I take Pixels track record over yours anyday. You seem to be totally impervious to the growing iritation many of your replies have. I don't actually think you listen to any other posters. Its a fault on your part IMO.

I'm with Pixel, it doesn't matter how acurate some posters are on this site there are others who are infuriating with their continued lack of grace in the face of being wrong for months and months on end. I think you should reinstate Pixel and give him/her a bit more leeway as IMO the response given to Pixel was very ungracious in view of the accuracy of Pixels chart. IMO Pixel has given a great deal more to this site than the poster to whom the quote was directed. IMO there are some on this site who need to stop lecturing and start listening to those with a proven track record of being acurate. I might also like to point out that it seems to me that a lot of the posters on this site are British but many of the mods are not - I think its an over reaction in many cases as the language is lost in translation. We do actually swear quite a lot in the UK its is part of our cultural makeup. Now for example if you go across to the North American sites there is virtually no swearing its all hugs and kisses and annoying little smiley blinking icon type things that most Brits would never use. In fact I know it really annoys many UK posters but that is life. I think a lot of the banning these days is merely a cultural misunderstanding.

LOL. See what happens when people post rockets - its the same everytime

Coming up, I suspect. Probably won't last too long but its due.

Up 12% today

You know you really ought to rethink your strategy with respect to USD and miners. You seem to be stuck with your strategy and thats it. Seems odd to me to be still promoting this strategy with where we are now. Hey ho.

Arian Silver AGQ is one you could look at. Can you invest in Canadian stocks? One I think people should look at is Pinetree Capital (Toronto) PNP.TO they are invested heavily in some 400 g&s explorers and hold a huge ammounts of warrants in these companies. Do your own due dilligence of course.

Agreed totally! I have my core position that is going nowhere for at least a year, but I also spread bet here in the UK and make a tidy amount on the dollar value in pounds I sleep better at night having some insurance but as the miners surge and my positions become more secure I seem to sleep even better! Great days these.

Not really, the idea is to use a USD instrument to generate USD on any downside. Just holding USD doesn't fulfill this scenario at all. I don't find just holding USD as a very atractive strategy especially as those USD should have been invested in miners months back as me and others were shouting to anyone who could hear at the time. I remember being banned at that point but me and others were right. Some of us are sitting on 100% gains and would rather lighten up a little profit for some protection than sit there wallowing in a pile of USD doinf absolutely nothing. Nope USD is no hedge whatsoever.

mmm food for thought thanks for the info. My VXX position was bought initially with a nice win on a VIX spreadbet during the flash crash it is about 3% of my portfolio and diminishing rapidly so I don't lose too much sleep. Have you any other suggestions TBT is something I have been thinking of but its obviously not the same trade. I expect Bernake to trash the dollar but just in case I wanted a nice dollar earner to then convert in to more miners! Thanks for the info.

I do hold some VXX as a hedge against my miners. I'm in the UK and so if we do have an almighty crash it will be a dollar printing machine as the pound gets taken to the cleaners and everyone rushes for dollars but, I know many who don't like it. During the flash crash it shot up so I'm reasonably confident it will stand the test, however there is a carry cost involved. I treat it like insurance hope its a waste of money but if I need it it will be there. As miners go up I buy little tranches in VXX and hope I never have to use it.

Miners are turbo charged at the mo, but still way undervalued compared to G&S. For any of those with too much paper. Happy days these

Never seen you worry so much about the value of paper before Seriously though, I reckon a big spike up next couple of months and then back down to where we are now in the summer, before the big one in a year or so. So in the grand scheme of things it makes no odds unless everything goes completely mad max. Will you sleep safely with all that paper though?

+1

They seem to have a history of being wrong but it doesn't stop them predicting. BTW as if you didn't know it is still really cheap.

Hasn't China just blinked? The peg is beginning to cause iintolerable internal inflation. Ben gets the chance to print even more now and force Chinese inflation up still further. The peg will as you say ultimately fail. Interesting times indeed.

Been spread betting US miners in the UK for well over a year dollar devaluation priced in pounds its been great. Reckon I've got a few months left and then it'll be time to change strategy at the end of this move. Thinking a big chunk of VXX something like that to generate USD as the pound collapses and gold retraces. Then rinse and repeat is the plan. I too am expecting $1.80 ish before parity.