radge

I thought a great indicator had been found in British Bulls, but I see one major problem. It is not tracking what we generally have: It tracks paper, we have gold.

All the advice I've seen posted on the net of late, especially with the suspected disconnect between paper prices and physical gold (& silver) prices, is to ditch paper and get physical. If folk follow that advice, it follows that the ETFs will take a hit and BB may correctly forecast a bear phase on its terms but which is not realised (or very transiently realised) in the physical market.

Then again, I saw somewhere that the ETFs had only retreated by 11% of their holdings in the last correction, so I suppose they still have a major influence on the market price.

It's a good start. Had only Silver Sammy confirmed the bottom. But he hasn't quite yet. On the other hand, he is not always spot on. So, maybe, the first SSS was the one for the whole trough here.

Silver Sammy was sighted in the wee sma' hoors this morning so his record remains intact. I'm sorry, but I can't find the link.

I did indeed mean that reference, Goldfinger.

Knowing my luck, if I instruct my bank to send some of my beer vouchers to BV, Gold will be > $960 before it gets there. This last week has really been one long hamlet cigar moment!

4 Reasons to Buy Gold Now

GEI and Goldfinger (in a roundabout way!) get a mention over at Money Week.

I wish I'd waited a couple of weeks as well, but ho hum! Picked up a wee drop today. I'm still confident over the medium term. I just wonder what's brewing? The PPT has been content with Au > $850 all year, what's changed or what have they got in the pipeline?

Booger me! Did someone discover the Philosopher's Stone @ 16:30A today?

Narrowly missed increasing my stash in today's 'afternoon tea slapdown.' Hopefully their bankerships will oblige again tomorrow!