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FWIW

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Posts posted by FWIW

  5. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    What was that warning?

     

    I can't find the post at the minute!

     

    It was about Gold Bulls falling into GroupThink trap and how we should all be aware of it...

     

    At the time I remember thinking how wrong Bubb was - but reflected on what he said and positioned myself a bit more balanced. Better a little prepared and all that.

     

    Anyway thanks Bubb - we should not let our emotions or lofty ideals get in the way of the market.

     

  6. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Getting totally whacked - at 894 at the moment. :o

     

    On our way down to 885, 865, 840, or even to 805? I don't think we will breach 865 though (but I could be wrong). :unsure:

     

    885 breached. Now at 883.80...

     

    next waypoint 865. I will consider adding a small amount back into GoldMoney around then. I am ever mindful of Bubbs 840 warning...

     

     

  10. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Indeed. Is this the rush to hard assets?

     

    I do think so.

     

    Articles like this obviously help:

     

    http://www.moneyweek.com/investments/stock...tory-14668.aspx

     

    "The conventional wisdom is that shares always outperform other investments over the long-term", says the Guardian's Rupert Jones. Over ten years, all the data suggested he'd be "in the money" by salting away money in an equity Isa, he says. But in fact, "nothing could be further from the truth. My £50-a-month stock market Isa has plummeted in value by 22% in just six months, and worse, is now worth less than I've paid into it, even though I've held it for almost ten years. I'd have been better off putting the money under the mattress". :o

     

    Better to buy some physical gold and put that under the matress though! :P

  14. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    but FWIW said:

    What we have here is in the SM is a bull trap, as Dom has said in MoneyWeek email.

     

    so I think you both mean the same thing in terms of POG...but this comment was about stocks, I think

     

    Yes we are all on the same page!!!

     

    I was indeed talking about Stock Market. Please read this http://www.moneyweek.com/investments/prope...hart-14664.aspx for actual context.

     

    I don't like talking about gold as if it is in a bubble, because I believe gold is the mother of all bubbles and should never be popped. It is the ultimate bubble because there is infinite demand for people to be rich via greed. Everything else should never become a bubble if we stick to this rule.

     

    However, having said that I cannot ignore the fact that we are on a fiat standard. Therefore, if people want to think of this as the bear trap and then all is well. Just don't think that the later stages will 100% happen. By then we should be back onto a gold/silver standard as the global fiat experiment will be truly over. Gold will be the constant in an ever changing world. Poor people will have a chance to get rich and rich people can get poor. Equality at long last.

     

     

     

     

  15. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Fellow CIGA's,

     

    We are building a base. We need strong foundations before the next leg up.

     

    This is all expected, and a great time to accumulate our 'precious' at knock down prices.

     

    What we have here is in the SM is a bull trap, as Dom has said in MoneyWeek email.

     

    Regards,

     

    fwiw

  16. SILVER

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    I will buy a few rolls of 1oz silver coins today. I read everywhere that we will see a (short?) economic/stock market recovery, gold not being able to get over $1,000, yadayada. I think that's the right time to buy the physical stuff.

     

    IMO, the economy/Titanic is now half way up in the air, and people seem to think it will stay like this, or actually plunge back in to normal sailing position. Well, I don' think so. I think the ship will go down anyway.

     

     

    I got my crayons out again!

     

    I think that is a good move GoldFinger. I may go half now at 12ish and half later at 10 ish - if she goes down. If she goes anywhere near 14 then I will be all in!

     

    2rpcqkl.png

     

    EDIT to add - The little black boxes will be WAITING... http://www.britishbulls.com/StockPage.asp?...cials&TYP=S

  17. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Sure - fiat is toast!!!!!!!!!!!!!

     

    But that's exactly why we're going to put it ALL into a house/home (i.e. a real asset that will hold its value if we buy when prices are down, and a place to live where kids can develop a sense of belonging )

     

    For the record: This brings the BigT Family's cash/bond holdings to 47% of our wealth, whilst 3% remains in PMs, 10% is in oil/energy investments, and 40% is in rental properties we hold in Switzerland (where a house price boom didn't yet happen ...but soon will [a story for another day]) ...plus Mrs BigT has given me permission to 'maybe' play with 5% (from the cash portion) in further oil/energy trades

     

    I would NOT EVER hold fiat long term, unless its earning interest to balance a fiat debt on a real asset (mortgage), which thereby lets me play the forex market whilst not actually having a net cash holding

     

    Good luck BigT. You sound like you have a very good moral compass. I hope you keep posting to stay in touch.

     

    Regards,

     

    fwiw

  18. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Got my crayons out again...

     

    wqpyyg.png

     

    I think today will be a key day for gold.

     

    If the triangle on the right hand side gets filled then we are going to the moon! This is like deja-vu for me as per the triangle on the left hand side.

     

    However, I don't think the PPT would like this to happen. They will be pushing us down (and through?) the support levels below the triangle.

     

    The little black boxes have had their SELL orders served: http://www.britishbulls.com/StockPage.asp?...cials&TYP=S

     

    So now we Gold Bulls need to weather this storm, and remember why we bought gold in the first place.

     

    The truth will out.

  20. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Maybe you missed my point. I wasn't arguing that the ratios wouldn't be met, but, in order to get the $10k gold that is sometimes bandied around, they would have to become, say, 15-20:1 for houses and 0.3-0.5:1 for the DOW! :o

     

    In other words, are those of us who are expecting $10k gold happy to agree with such unprecedented ratios for gold compared with houses and the DOW?

     

    I think it is hard to determine the price of the Dow when gold is $10k because maybe the Dow will not exist?...

  22. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    ...actually no: its the dollar went down early in the day.

     

    I think it will take a few days/weeks, but people will start to understand the QE makes each existing pound less valuable, and they'll start selling Sterling assets.

     

    I therefore predict near parity with the dollar sometime this year, so long as the USD remains a safe haven and doesn't suffer its own downfall before that.

     

    As i wrote that I realised that yesterday they only announced what they will do. I think it starts in 3 months time(or 1 month lasting for 3-dunno anymore!)...

  23. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    I'm in the mood for a bit of gold watching this friday afternoon.

     

    Looks like the 'yanks' have just woken up to and realised what their constitution stipulates as money...

     

    Meanwhile, after QE (aka debasement of Sterling) the £ is up 0.7%...?????wtf?????

  25. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    As I said, the bottom is in.

     

    This is fact, not a view, and is all you need to know.

     

    All else is spin and market manipulation.

     

    PS: TA in gold is the best way to the poorhouse.

     

    Gold suddenly jumped up as you spoke cg!

     

    I usually have a cast iron rule that I follow. It is "Don't let others do your thinking for you". It has served me well in the past, but I have made an exception for you cgnao.

     

    Thanks.

     

     

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