jamesspeed

Australia's May Trade Surplus Widens on Overseas Shipments of Coal, Gold Australia’s trade surplus widened in May as exports of coal and gold climbed on demand from Asia, outpacing a gain in imports. Exports gained 6 percent to A$24.7 billion, today’s report showed. Coal exports rose 10 percent and non-monetary gold jumped 66 percent. http://www.bloomberg.com/news/2010-07-06/a...-coal-gold.html and Missing from the Swiss central bank: CHF6.3bn "A look through the FX reserve data shows that much of the fall can be accounted for by an increase in gold holdings. The SNB’s gold holdings at market value went from 39.1bn to 45bn showing an increase of 5.9bn (gold measured in CHF terms was actually down by 4.8% during June). Thus instead of providing an indication of the SNB’s intervention stance, what we have is interesting insight into the SNB’s portfolio allocation which interestingly is showing a bias toward holding gold. It will be interesting if over the coming months the SNB also reveals the makeup of their FX reserves and whether they are showing a bias away from both USD and EUR and more toward GBP and other currencies (commodity linked) as a means of better diversifying their reserves" http://ftalphaville.ft.com/blog/2010/07/06...-bank-chf6-3bn/ Seems there is a lot of demand supporting prices ?

As I said just seems strange that a major fund would seemingly repostion their portfolio in such a way - selling 100% of shares in so many major companies ?

This seems strange - Anything in it ? from Kitco Forum http://www.mffais.com/99286 Check it out. These guys basically sold ALL their mining holdings one week ago and they were in big. 50 miners and they sold each and every stock in them? Also, they called the top in oil perfectly last year apparantly.

"Unbiased Goldbug" ?

If you are invested in Sterling - which, at this time, is the best to convert to $ short term ? , Euro ? , or something in Asia ?

Yes I can understand - I have been invested in gold stocks for the last 5 years and have taken the rises and falls but sold to cash 4 weeks ago on the advice of a broker , and so am down about 30% - so am hoping that RH and DrB are right about a stock market correction and a pull back in prices ( I think they are ), but I am now sweating !-Not worth the worry and better to stay invested -.But I think one still needs to set a target to sell - there will always be people expecting higher prices - but unless there is total chaos gold prices will peak at some stage and then fall quickly- perhaps in the next 2 years .

This just about sums it up Gold may hit $1,100/oz over next 6 months: GFMS http://www.reuters.com/article/hotStocksNe...E58D3IJ20090914

To be honest I got out of Gold Shares 3 weeks ago - just at the wrong time , so am hoping for a good pull back to get back in / Perhaps this Friday will be the start of a market correction , with gold and stocks lower , $ higher . I do think that Gold has perhaps gone up too fast too quickly , before inflation is showing any signs - and if there is a market crash as many are predicting the $ should rise as all else falls .

http://www.atimes.com/atimes/Global_Economy/KI15Dj08.html Gold a hedge and no more - yet

http://bloomberg.com/apps/news?pid=2060108...id=aSp9VoPeHquI Un Says New Currency Is Needed To Fix Broken 'Confidence Game’

http://www.mineweb.com/mineweb/view/minewe...2&sn=Detail If the chinese are encouring their people to invest I am sure the goverment is buying more . Unfortuately I sold out 2 weeks ago thinking a stock market correction would cause a $ rally and a gold fall - Perhaps I am still right ?

He'll be right some time

At this time what is driving gold prices apart from spectulation ? Inflation - Not yet $ crash - perhaps but if stock markets have a correction $ rise . I think markets are on a knife edge but more likely to fall than rise .

So short term , say next month or so , sell gold and then reinvest after the correction .

Yes so perhaps the question is , if you hold sterling , which is going to go down faster- Sterling or $