Pluto

People are more worried about the return of their money than on profiting from it. As I said before, you can make some lolly by trading this market, but we are going lower if not flat out collapse. The earnings are collapsing into losses. I have some shorts, so my money is where my mouth is. And by the way I shorted GE at 23 while Warren "shyster" Buffet was buying, so yes I do go against him. All I want now is my Apple short to come into the money as that should fall by 50% also.

I think initially the price of all gold will decline because of the panic. However, as the dust settles the price of real gold should come back. I am not overly worried, I was just making the point that physical gold and other gold in someone else's possession is not the same thing.

Yes, Warren Buffet is a shyster and Bolton is a fool. For the stock market to go up there has to be earnings from somewhere. I can't see earnings coming from anywhere. We spent tomorrows earnings yesterday. It is time to payback debts.

What I think of Goldmoney or Bullionvault is irrelevant. It is the government that you have to worry about and what they are going to do that is the issue. These institutions have to operate within the laws that govern them.

The physical spread price of coins is herding more people into ETFs thinking they are getting a deal by not paying commissions or excessive spreads. Except one is gold and the other a wall street abortion.

You have no control over ETFs other than to buy with Fiat and sell for Fiat. The benefits of having bullion is null and void by having gold in ETFs. The threat of confiscation by a credible source will crater the price of gold, as the first to panic will be those who do not have possession. This is same reason the banks collapsed during the great depression. The bigger these bastard ETFs get the harder the POG could fall. The oil futures collapsing from 150 to 35 gives you an indication of what could happen when many run for the exits at once. This, in my humble opinion, is the ace up their sleeve. Volcker warned the government to have control over the gold market - just in case - and this is wall streets solution, herd everyone into these schemes and control the coin bullion market by inducing shortages thereby increasing spreads. Volcker's only option was to increase IRs to 20% to force gold onto the market, he did not have ETFs back then to manipulate.

ETFs are another abortion born by wall street. They are tomorrows CDOs, MBSs and SIVs, and yesterdays MFs.

We are nowhere near the bottom in stocks. The Nikkei 225 went from 48,000 to 7,800 and is still dropping. Stocks dropped 90% during the last depression. Sure you can trade this market and make some lolly, but you have to be nimble as the market could collapse at any time. During the tech collapse many were spouting the same claptrap as you only to be completely wiped out.

I would not be too concerned about the IMF. I am more worried, as I've always been, about ETFs. Most of the banks failed during the Great depression because of rumors circulating that gold would be confiscated. The government at the time did not deny any of the rumors. These bastard gold ETFs could cause the price of Gold to collapse. All it would take is a credible rumor of gold confiscation and the ETFs unloading would crater the POG, just like in the great depression when the rumor of Gold confiscation destroyed the banks. Bernanke eluded to "rumors" being able to collapse the POG in one of his speeches. This is the biggest fear gold bugs should have. The possession of gold is more important than ownership - they are not the same thing.

That chart is obscene and immoral, and is why we're in for more misery that will see grown men crying like babies.

The panic is justified. Dividends and future earnings are being slashed left right and center. The stocks that were correctly priced are now way way overvalued based on future earnings. Don't try and catch a falling knife. Stocks have a long way to go to the downside.

please excuse my exuberance.

Yes, and they will be the ones who will be punished the most. Because of their pining for property and waiting it out they will endure the full wrath of the house price crash, as they will be catching the falling knife. I have news for them the crash in the UK has not started yet. On topic, gold's not too shabby this morning, it must be all the billions TRILLIONS they are going to print.

HPC is a website for property suckers in the UK. Nearly everyone that posts there wants house price inflation - it just has a higher proportion of those that missed out on the increase in prices the during the early 2000s. In the end they will be the first to jump in when they perceive prices are going up again and they will be hit the most. Whenever I hear the term "dream" house it makes me want to puke. People who dream of houses are insane and need therapy.

More chance of wage reductions and a three day week. Don't be suckered into property. It will be a mugs game for years.

Zero chance of any nominal increase unless wages start to rise. You can take that to the bank - if you can find a decent one.

I see the HPCmuppets are trying to suppress gold chit chat - again - but they can't. They claim a few internet posters on their house price bull discussions, as they are all bulls in bears clothing really, are ramping up the price of a world wide commodity like gold on their site. Delusional. These muppets will be piling into the housing market and catching the falling knife as one might say, then regretting the day they silenced the only voices of reason that were around them.

http://www.telegraph.co.uk/finance/economi...currencies.html

Miners not joining in this rally. Either the rally is going to retract or the miners are going to the launch pad ready for count-down.

There's no rush like a gold rush!!! http://blogs.wsj.com/marketbeat/2009/01/23...-new-gold-rush/

...and the ones that are lived in are half empty.

...and the ones that are lived in are half empty.

100oz here we come. We should start a 100oz club and track houses as they fall under this target.

...BREAKING NEWS....GOLD JUST NEW HIGHS IN ALL CURRENCIES....GOLD BREAKS 700EU /toz .... GOLD BUGS SEEN CELEBRATING WORLD OVER.....