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FWIW

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Posts posted by FWIW


  1. The banks know what's coming...Easy equity come, easy equity go...

     

    http://www.dailymail.co.uk/news/article-12...-borrowing.html

     

    Quote

    Taxpayer-owned Royal Bank of Scotland has launched a Christmas crackdown on borrowing, snatching back tens of thousands of pounds from homeowners.

    Thousands of customers have received letters slashing the amount they are allowed to borrow on generous 'flexible' mortgages.

    Some borrowers say they will be forced to rein in Christmas spending, cancel holidays and put off home improvements because of the miserly step.

     

    It could also hit many small business owners who were planning to use their spare borrowing to pay tax bills in the new year.

    Those affected all took out a flexible mortgage called Foundations. These were special deals available to loyal customers who held a current account.

     

    The mortgage works a bit like an overdraft. Customers were given a borrowing limit based on the value of their home, but they need not take all the money offered. They only pay interest on the money actually borrowed.

     

     

     


  2. There is a Bureaux de Change in Leadenhall St, London, called City Forex who sell gold, silver bullion bars and coins as well as readies for your hols.

     

    Anyone that believes gold is not a currency has obviously never seen the ISO classifications for currencies:

     

    http://www.iso.org/iso/support/currency_codes_list-1.htm

     

    ISO 4217 currency names and code elements

     

    Entity Currency Alphabetic code Numeric code

    AFGHANISTAN Afghani AFN 971

    ÅLAND ISLANDS Euro EUR 978

    ALBANIA Lek ALL 008

    ALGERIA Algerian Dinar DZD 012

    AMERICAN SAMOA US Dollar USD 840

    ANDORRA Euro EUR 978

    ANGOLA Kwanza AOA 973

    ANGUILLA East Caribbean Dollar XCD 951

    ANTARCTICA No universal currency

    ANTIGUA AND BARBUDA East Caribbean Dollar XCD 951

    ARGENTINA Argentine Peso ARS 032

    ARMENIA Armenian Dram AMD 051

    ARUBA Aruban Guilder AWG 533

    AUSTRALIA Australian Dollar AUD 036

    AUSTRIA Euro EUR 978

    AZERBAIJAN Azerbaijanian Manat AZN 944

    BAHAMAS Bahamian Dollar BSD 044

    BAHRAIN Bahraini Dinar BHD 048

    BANGLADESH Taka BDT 050

    BARBADOS Barbados Dollar BBD 052

    BELARUS Belarussian Ruble BYR 974

    BELGIUM Euro EUR 978

    BELIZE Belize Dollar BZD 084

    BENIN CFA Franc BCEAO † XOF 952

    BERMUDA Bermudian Dollar (customarily known as Bermuda Dollar) BMD 060

    BHUTAN Indian Rupee

     

    Ngultrum INR

     

    BTN 356

     

    064

    BOLIVIA Boliviano

     

    Mvdol BOB

     

    BOV 068

     

    984

    BOSNIA AND HERZEGOVINA Convertible Marks BAM 977

    BOTSWANA Pula BWP 072

    BOUVET ISLAND Norwegian Krone NOK 578

    BRAZIL Brazilian Real BRL 986

    BRITISH INDIAN OCEAN TERRITORY US Dollar USD 840

    BRUNEI DARUSSALAM Brunei Dollar BND 096

    BULGARIA Bulgarian Lev BGN 975

    BURKINA FASO CFA Franc BCEAO † XOF 952

    BURUNDI Burundi Franc BIF 108

    CAMBODIA Riel KHR 116

    CAMEROON CFA Franc BEAC ‡ XAF 950

    CANADA Canadian Dollar CAD 124

    CAPE VERDE Cape Verde Escudo CVE 132

    CAYMAN ISLANDS Cayman Islands Dollar KYD 136

    CENTRAL AFRICAN REPUBLIC CFA Franc BEAC ‡ XAF 950

    CHAD CFA Franc BEAC ‡ XAF 950

    CHILE Chilean Peso

     

    Unidades de fomento CLP

     

    CLF 152

     

    990

    CHINA Yuan Renminbi CNY 156

    CHRISTMAS ISLAND Australian Dollar AUD 036

    COCOS (KEELING) ISLANDS Australian Dollar AUD 036

    COLOMBIA Colombian Peso

     

    Unidad de Valor Real COP

     

    COU 170

     

    970

    COMOROS Comoro Franc KMF 174

    CONGO CFA Franc BEAC ‡ XAF 950

    CONGO, THE DEMOCRATIC REPUBLIC OF Congolese Franc CDF 976

    COOK ISLANDS New Zealand Dollar NZD 554

    COSTA RICA Costa Rican Colon CRC 188

    CÔTE D'IVOIRE CFA Franc BCEAO † XOF 952

    CROATIA Croatian Kuna HRK 191

    CUBA Cuban Peso

     

    Peso Convertible CUP

     

    CUC 192

     

    931

    CYPRUS Euro EUR 978

    CZECH REPUBLIC Czech Koruna CZK 203

    DENMARK Danish Krone DKK 208

    DJIBOUTI Djibouti Franc DJF 262

    DOMINICA East Caribbean Dollar XCD 951

    DOMINICAN REPUBLIC Dominican Peso DOP 214

    ECUADOR US Dollar USD 840

    EGYPT Egyptian Pound EGP 818

    EL SALVADOR El Salvador Colon

     

    US Dollar SVC

     

    USD 222

     

    840

    EQUATORIAL GUINEA CFA Franc BEAC ‡ XAF 950

    ERITREA Nakfa ERN 232

    ESTONIA Kroon EEK 233

    ETHIOPIA Ethiopian Birr ETB 230

    FALKLAND ISLANDS (MALVINAS) Falkland Islands Pound FKP 238

    FAROE ISLANDS Danish Krone DKK 208

    FIJI Fiji Dollar FJD 242

    FINLAND Euro EUR 978

    FRANCE Euro EUR 978

    FRENCH GUIANA Euro EUR 978

    FRENCH POLYNESIA CFP Franc XPF 953

    FRENCH SOUTHERN TERRITORIES Euro EUR 978

    GABON CFA Franc BEAC ‡ XAF 950

    GAMBIA Dalasi GMD 270

    GEORGIA Lari GEL 981

    GERMANY Euro EUR 978

    GHANA Cedi GHS 936

    GIBRALTAR Gibraltar Pound GIP 292

    GREECE Euro EUR 978

    GREENLAND Danish Krone DKK 208

    GRENADA East Caribbean Dollar XCD 951

    GUADELOUPE Euro EUR 978

    GUAM US Dollar USD 840

    GUATEMALA Quetzal GTQ 320

    GUERNSEY Pound Sterling GBP 826

    GUINEA Guinea Franc GNF 324

    GUINEA-BISSAU Guinea-Bissau Peso

     

    CFA Franc BCEAO † GWP

     

    XOF 624

     

    952

    GUYANA Guyana Dollar GYD 328

    HAITI Gourde

     

    US Dollar HTG

     

    USD 332

     

    840

    HEARD ISLAND AND MCDONALD ISLANDS Australian Dollar AUD 036

    HOLY SEE (VATICAN CITY STATE) Euro EUR 978

    HONDURAS Lempira HNL 340

    HONG KONG Hong Kong Dollar HKD 344

    HUNGARY Forint HUF 348

    ICELAND Iceland Krona ISK 352

    INDIA Indian Rupee INR 356

    INDONESIA Rupiah IDR 360

    IRAN, ISLAMIC REPUBLIC OF Iranian Rial IRR 364

    IRAQ Iraqi Dinar IQD 368

    IRELAND Euro EUR 978

    ISRAEL New Israeli Sheqel ILS 376

    ITALY Euro EUR 978

    JAMAICA Jamaican Dollar JMD 388

    JAPAN Yen JPY 392

    JERSEY Pound Sterling GBP 826

    JORDAN Jordanian Dinar JOD 400

    KAZAKHSTAN Tenge KZT 398

    KENYA Kenyan Shilling KES 404

    KIRIBATI Australian Dollar AUD 036

    KOREA, DEMOCRATIC PEOPLE'S REPUBLIC OF North Korean Won KPW 408

    KOREA, REPUBLIC OF Won KRW 410

    KUWAIT Kuwaiti Dinar KWD 414

    KYRGYZSTAN Som KGS 417

    LAO PEOPLE'S DEMOCRATIC REPUBLIC Kip LAK 418

    LATVIA Latvian Lats LVL 428

    LEBANON Lebanese Pound LBP 422

    LESOTHO Rand

     

    Loti ZAR

     

    LSL 710

     

    426

    LIBERIA Liberian Dollar LRD 430

    LIBYAN ARAB JAMAHIRIYA Libyan Dinar LYD 434

    LIECHTENSTEIN Swiss Franc CHF 756

    LITHUANIA Lithuanian Litas LTL 440

    LUXEMBOURG Euro EUR 978

    MACAO Pataca MOP 446

    MACEDONIA, THE FORMER YUGOSLAV REPUBLIC OF Denar MKD 807

    MADAGASCAR Malagasy Ariary MGA 969

    MALAWI Kwacha MWK 454

    MALAYSIA Malaysian Ringgit MYR 458

    MALDIVES Rufiyaa MVR 462

    MALI CFA Franc BCEAO † XOF 952

    MALTA Euro EUR 978

    MARSHALL ISLANDS US Dollar USD 840

    MARTINIQUE Euro EUR 978

    MAURITANIA Ouguiya MRO 478

    MAURITIUS Mauritius Rupee MUR 480

    MAYOTTE Euro EUR 978

    MEXICO Mexican Peso

     

    Mexican Unidad de Inversion (UDI) MXN

     

    MXV 484

     

    979

    MICRONESIA, FEDERATED STATES OF US Dollar USD 840

    MOLDOVA, REPUBLIC OF Moldovan Leu MDL 498

    MONACO Euro EUR 978

    MONGOLIA Tugrik MNT 496

    MONTENEGRO Euro EUR 978

    MONTSERRAT East Caribbean Dollar XCD 951

    MOROCCO Moroccan Dirham MAD 504

    MOZAMBIQUE Metical MZN 943

    MYANMAR Kyat MMK 104

    NAMIBIA Rand

     

    Namibia Dollar ZAR

     

    NAD 710

     

    516

    NAURU Australian Dollar AUD 036

    NEPAL Nepalese Rupee NPR 524

    NETHERLANDS Euro EUR 978

    NETHERLANDS ANTILLES Netherlands Antillian Guilder ANG 532

    NEW CALEDONIA CFP Franc XPF 953

    NEW ZEALAND New Zealand Dollar NZD 554

    NICARAGUA Cordoba Oro NIO 558

    NIGER CFA Franc BCEAO † XOF 952

    NIGERIA Naira NGN 566

    NIUE New Zealand Dollar NZD 554

    NORFOLK ISLAND Australian Dollar AUD 036

    NORTHERN MARIANA ISLANDS US Dollar USD 840

    NORWAY Norwegian Krone NOK 578

    OMAN Rial Omani OMR 512

    PAKISTAN Pakistan Rupee PKR 586

    PALAU US Dollar USD 840

    PANAMA Balboa

     

    US Dollar PAB

     

    USD 590

     

    840

    PAPUA NEW GUINEA Kina PGK 598

    PARAGUAY Guarani PYG 600

    PERU Nuevo Sol PEN 604

    PHILIPPINES Philippine Peso PHP 608

    PITCAIRN New Zealand Dollar NZD 554

    POLAND Zloty PLN 985

    PORTUGAL Euro EUR 978

    PUERTO RICO US Dollar USD 840

    QATAR Qatari Rial QAR 634

    RÉUNION Euro EUR 978

    ROMANIA New Leu RON 946

    RUSSIAN FEDERATION Russian Ruble RUB 643

    RWANDA Rwanda Franc RWF 646

    SAINT-BARTHÉLEMY Euro EUR 978

    SAINT HELENA Saint Helena Pound SHP 654

    SAINT KITTS AND NEVIS East Caribbean Dollar XCD 951

    SAINT LUCIA East Caribbean Dollar XCD 951

    SAINT MARTIN Euro EUR 978

    SAINT PIERRE AND MIQUELON Euro EUR 978

    SAINT VINCENT AND THE GRENADINES East Caribbean Dollar XCD 951

    SAMOA Tala WST 882

    SAN MARINO Euro EUR 978

    SÃO TOME AND PRINCIPE Dobra STD 678

    SAUDI ARABIA Saudi Riyal SAR 682

    SENEGAL CFA Franc BCEAO † XOF 952

    SERBIA Serbian Dinar RSD 941

    SEYCHELLES Seychelles Rupee SCR 690

    SIERRA LEONE Leone SLL 694

    SINGAPORE Singapore Dollar SGD 702

    SLOVAKIA Euro EUR 978

    SLOVENIA Euro EUR 978

    SOLOMON ISLANDS Solomon Islands Dollar SBD 090

    SOMALIA Somali Shilling SOS 706

    SOUTH AFRICA Rand ZAR 710

    SPAIN Euro EUR 978

    SRI LANKA Sri Lanka Rupee LKR 144

    SUDAN Sudanese Pound SDG 938

    SURINAME Surinam Dollar SRD 968

    SVALBARD AND JAN MAYEN Norwegian Krone NOK 578

    SWAZILAND Lilangeni SZL 748

    SWEDEN Swedish Krona SEK 752

    SWITZERLAND Swiss Franc

     

    WIR Franc

     

    WIR Euro CHF

     

    CHW

     

    CHE 756

     

    948

     

    947

    SYRIAN ARAB REPUBLIC Syrian Pound SYP 760

    TAIWAN, PROVINCE OF CHINA New Taiwan Dollar TWD 901

    TAJIKISTAN Somoni TJS 972

    TANZANIA, UNITED REPUBLIC OF Tanzanian Shilling TZS 834

    THAILAND Baht THB 764

    TIMOR-LESTE US Dollar USD 840

    TOGO CFA Franc BCEAO † XOF 952

    TOKELAU New Zealand Dollar NZD 554

    TONGA Pa'anga TOP 776

    TRINIDAD AND TOBAGO Trinidad and Tobago Dollar TTD 780

    TUNISIA Tunisian Dinar TND 788

    TURKEY Turkish Lira TRY 949

    TURKMENISTAN Manat TMT 934

    TURKS AND CAICOS ISLANDS US Dollar USD 840

    TUVALU Australian Dollar AUD 036

    UGANDA Uganda Shilling UGX 800

    UKRAINE Hryvnia UAH 980

    UNITED ARAB EMIRATES UAE Dirham AED 784

    UNITED KINGDOM Pound Sterling GBP 826

    UNITED STATES US Dollar

     

    US Dollar (Same day)

     

    US Dollar (Next day) USD

     

    USS

     

    USN 840

     

    998

     

    997

    UNITED STATES MINOR OUTLYING ISLANDS US Dollar USD 840

    URUGUAY Peso Uruguayo

     

    Uruguay Peso en Unidades Indexadas UYU

     

    UYI 858

     

    940

    UZBEKISTAN Uzbekistan Sum UZS 860

    VANUATU Vatu VUV 548

    VENEZUELA Bolivar Fuerte VEF 937

    VIET NAM Dong VND 704

    VIRGIN ISLANDS (BRITISH) US Dollar USD 840

    VIRGIN ISLANDS (U.S.) US Dollar USD 840

    WALLIS AND FUTUNA CFP Franc XPF 953

    WESTERN SAHARA Moroccan Dirham MAD 504

    YEMEN Yemeni Rial YER 886

    ZAMBIA Zambian Kwacha ZMK 894

    ZIMBABWE Zimbabwe Dollar ZWL 932

    Gold XAU 959

    Bond Markets Units European Composite Unit (EURCO) XBA 955

    European Monetary Unit (E.M.U.-6) XBB 956

    European Unit of Account 9(E.U.A.-9) XBC 957

    European Unit of Account 17(E.U.A.-17) XBD 958

    INTERNATIONAL MONETARY FUND (I.M.F) SDR XDR 960

    Palladium XPD 964

    Platinum XPT 962

    Silver XAG 961

    Special settlement currencies

    UIC-Franc XFU Nil

    Codes specifically reserved for testing purposes XTS 963

    The codes assigned for transactions where no currency is involved are: XXX 999


  3. Nice, I can't help feeling there'll be a juicier entry point. Rick A is hopeful of $1337 before Christmas so I'm probably wrong and you'll be minted.

     

    2 of my 3 stops just got hit - small profits.

     

    Gonna let my last one run, so hope you are right about $1337!!

     

    EDIT: last one just got hit at 1190 - not bad for an hours work with zero stress!


  4. I went short at Rick Ackerman's hidden pivot $1227, closed it out at $1205 this morning. Think I'll lay off it till after Christmas, though I've been making some decent money, the stress is consuming me.

     

    Very nice work! Next time let me know when you go short. You or Rick have a real knack of getting the turning points right!

     

    I went long again with 3 lots at 1186ish - all stops moved to be in profits. Now let her run to wherever she takes me!


  5. From http://www.citywire.co.uk/Adviser/-/news/p...p;ViewFull=True

     

    Quote

    House prices could be hit by 'double-dip', says Fitch

    By Nicholas Paler | 11:48:52 | 03 December 2009

     

    UK house prices face the prospect of a 'double-dip' in the next few years amid high unemployment and constrained lending conditions, a leading ratings agency has warned.

     

    Delivering a bleak outlook for house prices, Fitch Ratings warned once again that it expected to see house prices come down by nearly a third from the peak seen in 2007 - despite recent monthly surveys indicating that prices have bottomed out and are starting to creep higher.

     

    Fitch, which has kept its credit outlook for UK housebuilders at 'negative' because of its concerns about the sector's debt levels, said a recovery in the housing market in the near term was unlikely, and it expected to see either no growth or further falls in price as problems came to a head.

     

    Fitch's UK housebuilder analyst Jean-Pierre Husband, said: 'A quick and sustainable improvement in UK housing conditions is unlikely, and this will restrict the potential for rating upgrades.

     

    'The main economic indicators point towards a period of stagnation at best, or at worst a double-dip contraction in house prices.'

     

    Highlighting one of the main headwinds facing the sector, a Fitch report into housebuilders noted that: 'Over 66% of UK mortgage borrowers are now on floating rate mortgages, compared with 48% in August 2008, and their ability to service existing mortgage debt would be adversely affected by any hike in interest rates.'

     

    Fitch's view on the housing market is in-line with others who remain sceptical about the recent recovery.

     

    Capital Economics property economist, Seema Shah, said current increases in price have been driven by a shortage of property for sale, and that this was only providing temporary support before rising unemployment fed through to valuations.

     

    Shah said the small increases seen recently made no difference to the underlying outlook and basic argument that prices are still overinflated. She predicted that if rises continued sellers would become more confident about putting homes on the market, increasing supply and therefore driving down prices.

     

    She added: 'Unemployment is likely to continue rising long after the recession ends. This will also put heavy downward pressure on average earnings, with the result that pay growth could tip into negative territory next year.'

     

    'Even if the economic outlook proves better than we expect, the housing market will not benefit. Interest rates would be raised, reducing affordability, while fiscal tightening will eat into households' disposable income. The upshot is that with the housing market still overvalued, prices are more likely to fall than to rise next year.'

     

    Meanwhile a recent house price survey showed prices climbed slightly in the last month, although growth has slowed heading into the holiday season.

     

    Nationwide said that house prices rose by 0.5% in November, taking the average house price near to early 2006 levels at £162,764. On a less volatile three-month reading, the building society said the rate of change had dropped to 2.8% from 3.5% in October.

     


  6. The real Faber:

     

    http://www.marketoracle.co.uk/Article15459.html

     

    Quote

    Speaking at a conference in Singapore on Wednesday, Faber said: "The crisis has not solved anything. On the contrary there is less transparency today than there was before. The government's balance sheet is expanding, and the abuses that have led to the one cause of the crisis have continued".

     

    "I think eventually there will be a big bust and then the whole credit expansion will come to an end," Faber added.

     

    "Before that happens, governments will continue printing money which in time will lead to a very high inflation rate, and the economy will not respond to stimulus".

     

    In one of his Gloomiest predictions, Faber, referred to as Dr. Doom, said "the average family will be hurt by that, and then in order to distract the attention of the people, the governments will go to war".

     

    "People ask me against whom? Well, they will invent an enemy," Faber said.

     

    "At some stage, somewhere in future, we will have a war – that you have to be prepared for. And during war times, commodities go up strongly,” said Faber.

     

    "If you want to hedge against war, you don't want to own derivatives in UBS (UBS) and AIG (AIG), but you have to own them physically, like farmland and agricultural commodities. That is something to consider for you as a personal safety and hedge. You have to own some commodities," he added.

     

     

    Got Gold?


  7. Today was very bullish IMO, gold was targeted hard by the cartel and came back convincingly.

     

    There was a very large 193,000 long contracts that were open on the comex yesterday, Monday is the first day that holders can notify for delivery. The comex inventories hold 20,000 contracts in inventories, so something had to be done to discourage the contract holders.

     

    It will be very interesting to see the open interest on the comex after todays action.

     

    Yes very bullish Sir Pixel8r.

     

    We have a huge white candle on the monthly, we also have 4 white soldiers on the weekly pattern (basicly we finished each week higher) and we have a huge hanging man pattern. The previous day was a doji, which is soemtimes called an evening star.

     

    I will wait for confirmation of the opening price on Sunday/Monday to ensure that open is higher than today's close. If so, that is very bullish.

     

    As I scan across all the markets I can see that we either have doji's or hammers. Again, this means the actual open is crucial to see which way we will go.

     

    DYOR!


  8. Stops are for folk who don't know what they are doing. They are just gambling.

     

    With all due respect Pluto you have obviously never traded for real. Telling people who have done their risk management homework that using stops is gambling is a very silly thing to say. I bet you have never experienced a margin call.

     

    If you don't use stops then you are gambling as you have done no risk management.

     

    If people want to trade without stops, then carry on. For me to win big someone has to lose big.

     

    Anyway, I for one am glad of my stop this morning at 7am - it will pay for xmas and then some!

     

    Stops allow you to bank a profit, and then when things blow over get back on the bus again.


  9. Of course, it is a guess... from chart gazing.

    If gold and stocks are going to make a big slide, they needed to fill some territory first.

    They are doing that now, and may stop rising here, and resume the slide .... Or not.

     

    Well I'm glad you cleared that up. Maybe it's you that is bipolar?

     

    Not everyone subscribes to the stocks up, gold up, dollar down mantra btw.

     

    Stock market is a potemkin market and will be used to manipulate the serfs whichever way the 'elite' feel like it.


  10. Central Banks are hardly known for their timely buying.

    I was buying Gold and Gold shares when they were truly cheap.

    Remember, I am a few million ahead of most here, in my Gold buying

     

    So now you will tell us that you have bought physical gold?

     

    from http://www.housepricecrash.co.uk/forum/ind...showtopic=16080

    Why buy physical gold? Reasons not to:

     

    - High transaction costs,

    - Storage costs, and security issues,

    - You have to "come up with the money", no gearing available,

     

    BUT in an extreme situation, physical gold may come in handy. And with physicals, you have no credit risk. Gold is the only currency that is not someone else's liability.

     

    As a successful investor in this sector, I have never bought physical gold. Years ago, I owned some silver. But I tend think that (at least for this stage in the sector), you can do better with: mining stocks, futures, and CFDs.

     

    Also, with futures and CFD spread bets: you get to chose the currency of gearing. If you buy physical Gold with Sterling, and the dollar drops, there may be no benefit. If you buy Gold futures or a CFD, and the dollar drops, you will win with the futures.

     

     

     

    You have also just shown the entire world what a callous man you are.

     

    Don't worry though, not everyone who is young is uneducated and unresourceful. We will destroy the fiat money system and all those that hang on to it.

     

    Anyone that hasn't been able to buy a home should join me. Anyone that has had to shift from job to job, from rental place to rental place should join me.

     

    Has anyone else got a website home for me? I am not sure I will be welcome here anymore.

     

     


  11. Amazing how certain questions get completely ignored, as they don't fit into Prechter's outlook.

     

    You know the song...first they ignore you, then they blah blah....then you win!

     

    Both sides play the same tunes, so we go back to the ignore phase.

     

    However, I 100% agree with you pixel8r - India has got the imf gold at a great discount. All these fools that don't realise that Governments print money at will and more importantly have shown that will go to any lengths to do it and will protect their own kin.

     

    So let's have a quick recap of what we have learnt from 2008/2009:

     

    1) Bear, ML, Lehman killed so that GS have no competition and to pretend to fail so that panic ensues

    2) AIG saved to save GS

    3) Obama gives 'hope' a bad name

    4) Obama appoints GS henchmen to key positions

    5) Everyone can see that Obama is an actor - read history my asre - puppet masters are still pulling the strings

    6) QE is the fancy name for printing money that debases the general publics savings

    7) Inflation is the tool that will be used to get people with weak hands to swop their gold (common man wants something for nothing, even if it is nothing)

    8) ClimateGate has been exposed - this an element of the Fear that is now not so scary to the general public (the earth changes all the time, get over it and maybe embrace it?)

    9) Dubai has said "fcuk you" to the predominatly western investors - My pet theory atm is that Abu Dhabi will use Dubai as leverage to break the AED peg from USD, Oil will be priced against a basket of currencies that includes Gold/Silver

    10) China and India are BUYING Gold

     

    I could go on...but I think the converted have been converted. The rest I trust in the hands of the lord.


  12. They want a strong Dollar now do they? Why?

     

    [sarcasm on]

    Maybe Timmy and Bernanke had a plan all along? Maybe they were just pretending to bail out all their mates?

     

    The money will be burnt and no-one will be wiser?

    [/sarcasm off]

     

    :lol:

     

    Now look at the ECB, when you Trichet talk about price stability and ensuring that the wealth of millions of people is maintained. If you had to believe in one peice of paper over another which one would you choose?

     

    I vote gold though...time will come when people will want to see how much gold, silver or even tungsten you have, before any deals are done.

     

    The paperbugs are finished.


  13. I'm appreciating all your thoughts here w.r.t. my predicament - I'm contemplating whether to buy more at the moment with newly-acquired funds (or stay on the subs bench a bit longer).

     

    I'm worried how hot RSI is, and also wish the £/$ exchange rate was more favourable for buying.

     

    I know you guys are talking fundamentals and I am talking technicals today. I'm not a big technical man - I'm just reminded of the last time I was in a 'lots of new funds' scenario - I bought big at $960 in early 2008 and sat underwater for quite a while.

     

    But that taught you a very valuable lesson. Do more sitting, and less tinkering.

     

    I personally use the Williams %R indicator - but with RSI or Williams you need to be patient (days and weeks). Have a look at the Gold TTT thread and I think we can talk.


  14. Good post and thanks for explaining your position FWIW :)

     

    I agree some of the thread titles recently seem to have upset some of the boards regulars - the old 'Gold Trading' thread title as opposed to 'Gold Trading and Investing' springs to mind but personally i think it's making mountains out of molehills.

     

    Has this thread just title changed???

     

    I was going to say the 'clawing the sky' isn't too helpful but does remind me of Wile E Coyote running off the edge of a cliff and running on the spot in thin air as so often happened but that the 'lets talk resistances and bounces' part was perfectly reasonable and exactly what was needing to be talking about during periods of pullback.

     

    Again this niggles me in a 1984 Orwellian sort of way. Changing thread titles once people have started to respond changes the dynamic of the posts. Some people will get angry and react to the subtitle, and then sometime later the subtitle changes subtly so other posters then think there is no need for others to react.

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