Pluto

Yeah, I think traders saw what happened to oil when it got to 100 so they are selling ahead. Fundamentals are still in tact as today (like most days) the dollar is getting hammered.

I get the feeling the US equity market wants to crash hard - but it is being supported by the PPT. If I'm right, then I'm not sure they will be able to keep it going until the elections.

Like all good seeds they take a while to flourish. This site is positioning itself well for when the masses realise that ALT energy and commodities are the world's future.

The 1,000 barrier will be interesting to see breached. The media coverage will be huge, one thing is for sure it isn't going to bobble around 1,000 for too long. It is going to be another major leg up, or as oil did, a 10-20% correction. Interesting times for sure.

HAPPY BIRTHDAY SILVER!!

Hopefully this will mark the end of London's Canary Wharf also known as the hedge fund capital of the world: http://www.reuters.com/article/fundsFundsN...564918120080306 BOSTON, March 5 (Reuters) - Investors punished hedge funds for their worst-ever returns in January by adding only a small amount of new money to these once red-hot portfolios, new data show.

Something like gold going from $35 to $850 in the 70s.... MARC shut up! We MUST go to break...hehe

Marc, do you think a major bank will fail? Yes, I hope so. classic.

bad link

Brace yourselves. Investors are finding it harder if not impossible to get their lolly back: http://www.ft.com/cms/s/0/00efeb82-eb00-11...00779fd2ac.html Highland, which manages $40bn, made its name by investing in the leveraged loans that private equity firms use for acquisitions – and then driving hard bargains with borrowers. Its tactics have included demanding big fees before agreeing to concessions for companies that had difficulty paying back debts. Like other investors, it has been hammered by the falling prices of leveraged loans. Highland’s main hedge funds, investing in distressed debt and other credits, were down 11.5 per cent to 14 per cent in January. While it is not clear how it fared in February, Highland’s recent performance contrasts with gains of 30-40 per cent in 2006 and 2007. As a result, Highland executives, led by co-founder Mark Okada, are engaged in an intense dialogue with investors to discourage them from withdrawing their money[/b].

There are two sides to every paper/digital transaction. Presently paper fiat sits on one side of every trade. As Gold/Silver climbs above 1500 bullion will be harder and harder to obtain resulting in real gold trading at a premium to paper gold. The situation is already true today. You can buy 1M or more in silver from an ETF, try and buy the same in physical. The warning bells are going off everywhere, soon the sub is going to dive, you don't want to be stuck on deck when it does.

For anyone that is interested. Here is a good real time java screen with most currency crosses and gold silver prices of course: http://forex-markets.com/quotes_composite.htm

If Gold collapses central banks will buy, but they don't buy silver. However, for commodities to collapse, there has to be hikes in interest rates alla Volcker. If anyone is looking for a sell signal that will be it - serious hiking of interest rates. It took 18% interest rates to kill the last Gold bull.

I would lose my shirt spread betting as I cannot predict intra day or intra week movements.

You must have balls the size of melons to spread-bet silver.

SOLD OUT! You have been shafted. http://news.bbc.co.uk/1/hi/uk_politics/7277644.stm MPs have rejected proposals to hold a UK-wide referendum on whether to ratify the EU's Lisbon Treaty. But the people think differently... http://news.bbc.co.uk/2/hi/uk_news/politics/7273668.stm Some 88% of the British public want a referendum on the EU's Lisbon Treaty, according to private polls for the I Want a Referendum (IWAR) campaign.

The gold was auctioned and the buyers were from the China and Japan. Not only did the incompetent fool sell the gold, HE bought dollars, Yen, and Euros with it. The losses the media are talking about are only a result of the Gold price - if you consider the Yen and Dollar depreciations (offsetting the 40% of Euros) you will see he is even more of a fool. Of course HE will be enjoying his GOLD plated pension while the youth of the UK are left to pick up the pieces. Who ordered the sale? That is simple - whomever bought the Gold told his nit-twit to sell it - and they are sitting pretty right now.

This is why the fat and incompetent Brown is the worlds best rogue trader. Ignoring all advisers he decided to sell the UK's gold on his own. This is a rogue trade and why HE is the world's best rogue trader. Barrings and Socgen would have been proud of him.

We need to bring some of the detractors over so we can spar with them.

They are trying to stop the debate on gold by they cant. The debate will just move.

Greetings. Remember any talk about house prices and you will be banished to the dungeon and fed crumbs.

Yeah, I just don't see the public getting involved. I am old enough to remember the last great bull run in gold, and that was something else. All the teenage girls wore belchar chains and gold bracelets with trinkets on them. Older folk would go for the sovs and kruggers. For Christmas or Birthdays you got some gold. I still have a lot from the late 70s and early 80s. I don't see anything like it this time. Not yet anyway.

Yeah, I just don't see the public getting involved. I am old enough to remember the last great bull run in gold, and that was something else. All the teenage girls wore belchar chains and gold bracelets with trinkets on them. Older folk would go for the sovs and kruggers. For Christmas or Birthdays you got some gold. I still have a lot from the late 70s and early 80s. I don't see anything like it this time. Not yet anyway.