FWIW

Sir Fitkid doesn't sound right? What shoud we call you oh wise one or Prince FitKid or Lady FitKid ? You have knighted, entertained and elightened me on this journey - you are my trusted counsel who keeps me on the righteous path.

They are trying another tack now: http://blogs.telegraph.co.uk/finance/ambro...value-for-gold/ Quote It doubled in the late Medieval bubble, before crashing 90pc over the next 500 years after the Spanish gold discoveries by Cortes and Pizarro in the New World, and then the finds in California, Australia, and South Africa — bottoming around 1930. I think all journo's just flap like a flag in the wind. Except the flag has its uses. So we are all ok investing in gold, until they find a huge field of gold somewhere....hmmmmm.

Here's another joker telling us that gold will be going to $681 in July 2010... Quote The Bottom Should Occur In July 2010. Once The Gold Price Hits Bottom Below $681.00 The Devastating Explosion Gold Bugs Are Looking For Should Begin. So is $681 the bottom or is below $681 the bottom..... I'm confused....Reinhardt keeps telling us to stop looking for tops and bottoms - it will make you go blind! Anyway, just in case this joker is right - I will be keeping some cash handy...At $681 (or under) it will be like a gift from god himself.

The King listens more than he speaks...but when he speaks, boy do we listen!

Cable a bit choppy - thought I was looking at a heart monitor just there! Think tomorrow could be another key date for the history books - new EU president and all that. Just in time to lead us out of the mess eh? Think I'll keep voting with my gold! Keep an eye out on the eurodollar and japenese yen.

Double Post because your worth it! Another must read! http://www.marketoracle.co.uk/Article15143.html Quote Where are the Deflation Knuckleheads who tended to dominate the web journals last spring and summer, in incredible dense vapid clueless fashion??? What a tremendously misguided group. They follow religiously the deteriorating economies, miss the twin storm, ignore the power of the unprecedented monetary inflation, and somehow overlook the entire global movement if not revolt against the USDollar in a grand Paradigm Shift. They represent the worst economists in the alternative media on web journals. Their tunnel vision on the falling asset price effect left them vulnerable to missing a tsunami on their own doorstep, incredibly. They still do not offer an explanation of why crude is at the $80 price level again. Supplies of oil are nowhere as great as the false USGovt statistics indicate, but the entire world is hedging at the same time against the US$ with oil assets. and In 1964 the USGovt introduced the zinc dimes clad with silver. They at least admitted the debauchery publicly. Now pre-1964 silver coins are all considered different, and valued differently too, higher. Rome committed the same coinage fraud 1900 years ago. Their Empire went bust as the city burned almost concurrently. Ayn Rand is a guiding light for Alan Greenspan, the enabling destroyer of the US banking system, destroyer of the US household archipelago, and dispatcher of the US industrial base to Asia. He is the hero icon worshipped by Wall Street. The irony is thick, that his career was spent following Old Europe orders that delivered the slow motion coup de grace to the American Empire.

A leading economist says....don't buy gold. Does anyone see the irony there? Vested interest in keeping the fiat money system going? Or will he buy on a pullback? http://www.citywire.co.uk/personal/-/news/...p;ViewFull=True Crap article - posted for balance though...don't want anyone to say I only post bullish articles....

That goes against my number 1 rule: Don't let others do your thinking for you. Even on this forum I try to advise and let others decide what to do with THEIR money!

I think it might be starting soon. My Williams Percent Range Indicator for the daily gold chart just went close to zero.... EDIT: I got it wrong....it went very, very close to zero...

This whole concept of having a floor is wrong in my book. Remember Central Banks are masters of smoke and mirrors. When the US FED stop printing money, then we might be able to have a meaningful debate about where support and resistance zones are.

He was probably very busy playing Quake 2 or something... How's the economic modeling coming along msparks? Or are you not allowed to say? Secret squirel and all that!

Saint Peter Schiff - how he tries to show them the way, yet the fools will not listen.

Hard Money! http://www.marketoracle.co.uk/Article15115.html Quote They called it “a relic of the past.” They described its last major bull market surge as an “anomaly.” They said it was a dinosaur of an investment, never to return to the arena of modern finance. Even The Wall Street Journal recently said it’s an investment that pays no interest or dividends and implied that owning it was as good as having a lump of coal in your backyard.

Oh dear - the paperbugs are not going to like that... The clue was in the name 'Greenback' - nothing on the back except green ink!

Another good read: http://www.caseyresearch.com/displayCdd.php?id=278 Quote: Simply, we are reaching the point of no return. The point where the government’s tried and true method of pushing problems down the road through printing unbacked dollars may well be reaching its limits. And in fact, it may have reached its limits – which is why we’ve seen so little in the way of dollar rallies of late. That’s not to say they won’t occur, but looking at the golden barometer this morning, I see that gold has just broken through to a new level of $1,132 per ounce. And the dollar index (DXY:IND) has just broken through the 75 long-term resistance point… to 74.91 as I write. Bud Conrad, who lives and breathes this stuff – almost literally – now thinks the conditions are there for an actual dollar collapse. While it’s unlikely things will reach the depths pictured in the chart of the German hyperinflation just above, it doesn’t mean it can’t happen. What can’t happen is for the U.S. government to take over the economy and expect it to keep ticking along through a combination of higher taxes and debt monetization.

Why don't they just buy GLD etf??? I am sure they have plenty to go round...

Next target $21.35 Only seems like an hour ago I was targeting $18.05

You may like this Sir: http://www.citywire.co.uk/personal/-/news/...p;ViewFull=True Quote On the whole the price of gold and silver tend to move in the same direction. If gold is up then silver is up and the same for when one or the other is down. But, rather like the FTSE and the Dow Jones, which often move in tandem, the ratio between the two can change from one extreme to the other. It is these extremes that allow investors to make the call that one asset is overpriced and the other is underpriced. If an investor holds the overpriced asset then they will look to sell it and buy the undervalued asset. The gold/silver ratio is used to identify possible extreme moves, which maybe a good time to sell holdings in one and use the proceeds to switch into the other. It’s easy to calculate by simply dividing the price of gold by the price of silver. At the time of writing the ratio stands at 64.12 and has bounced off a one year low of 58.41 recorded in the middle of September. The extremes in the ratio over the last thirty-five years have been 14.9 in 1980 and 99.8 in 1991. Since 1991, there has been a low of around 40 (1998), a run up to around 80 (2003), a dip back down to 43 (2006) and only last year the ratio hit a peak of around 84 before falling back to its current level. So, it looks like there’s a bit of a trend developing and from where we currently stand is the trend set to continue to test the low forties again? This would entail silver strengthening more than gold, but that goes against what’s been happening over the month as we’ve seen gold race ahead, bursting through to new record highs whilst silver has been slightly left dusting itself off. The arguments for gold to continue tracking higher at a greater pace than silver are compelling. Production in gold has been falling since 2000 and Central Banks have become net buyers of gold. For example, the Reserve Bank of India just recently bought half of the gold sold by the International Monetary Fund and the Central Bank of China, who hold vast reserves in US Treasuries, are purchasing gold to diversify their assets and not be wholly reliant on their US Treasury reserves which are depreciating by the day as the US dollar falls.

I am looking for a close of 18.05 for silver, and then things will get exciting.

http://www.citywire.co.uk/personal/-/news/...3&ea=215358 Quote House asking prices dropped in November and will continue falling for the next two months ahead of the traditional spring buying season, Rightmove has reported. According to the property website, asking prices across the majority of the country fell in November as sellers took steps to get deals wrapped up before Christmas, with London among the worst affected areas. The latest index from Rightmove found asking prices dropped 1.6% in November, having risen by 2.8% in October, to leave the average asking price at £226,440. In London prices pulled back 3.1% to £403,069, with only the North West and Yorkshire & Humberside faring worse. Rightmove also warned there were more falls to come over the next few months. The group's commercial director, Miles Shipside, said: 'We expect three months of asking price falls before a tentative recovery in early Spring, likely followed by pre-election jitters.’ Shipside said the market would be hit by the seasonal impact of Christmas - with potential buyers or sellers focused on the festive season rather than moving home - before seeing a further pullback driven by the withdrawal of the stamp duty and VAT holidays. Shipside said: 'While the market has recovered from some dreadful lows, this month's price fall proves that it does not yet have the strength to buck seasonal trends.'

After the talks with Obama, I think the Chinese have spoken directly to the gold market...

http://www.marketoracle.co.uk/Article15040.html Quote FED meetings are recorded word for word and the transcripts made public after five years. The quote is contained in one of these very transcripts. Apparently Greenspan spoke informally with his colleague Mullins during the course of the meeting. He reported this conversation to his other colleagues. Greenspan mentions the treasury, since in the USA, only the treasury and not the Federal Reserve can dispose over gold. The market price of gold was increasing at the time. In his unique, somewhat verbose style Greenspan said: "I have one other issue I'd like to throw on the table. I hesitate to do it, but let me tell you some of the issues that are involved here. If we are dealing with psychology, then the thermometers one uses to measure it have an effect. I was raising the question on the side with Governor Mullins of what would happen if the Treasury sold a little gold in this market. There’s an interesting question here because if the gold price broke in that context, the thermometer would not be just a measuring tool. It would basically affect the underlying psychology.”

I have it on good authority that the next reason for non-payment will be found here: http://www.shell-livewire.org/home/busines...nd-non-payment/ I think "We are changing banks" may be a good one to use!!

I must not laugh at the misfortune of others! But the Wilsons are an exception! Cheques in the post my asre! :lol: :lol: :lol: :lol: :lol:

http://broadcast.ino.com/education/spotgold1112/