TrueNorth

I am a big fan of the "x-in-ounces-of-gold" calculation to get a real sense of "prices". Last year, a house in my neighbourhood went on the market for £280K in August and I think sold for around £290k in November, when gold was around £490/oz. Using the November figures, factoring in a 30% drop from the peak (I will use £290k here), and the subsequent rise in the ££ price of gold, the cost of the house has dropped from 592 to 335 ounces of gold. I find that amazing.

Velly intellesting. My goldprice.org page is a problem since they added the new banner ads -- have you a chart?

Congrats on the new baby!

Anybody hear yesterday's TFNN with Larry Pesavento? He says, "[Gold] really looks like it's going to new highs." He doesn't expect a correction down more than 10 or 11 "If we go below $960 all bets are off, though." He also recounts what happened in the crash of 87, where gold and the swiss franc went up first. "Gold is telling us something here. Everybody should pay attention. Just like the wake-up call in stocks on Tuesday, this is a wake-up call for gold today." "Something really significant happened over the weekend and we don't know about it yet, but we will soon."

Really? Looking in the archives at 321gold, he doesn't seem to be too bad.

Could be worse. The thread could be called "Silver Could be Finished Here"

bolding mine Big Move Coming - 321gold

Worse than the PPT -- The World Gold Council!

Ya have to wonder why they didn't wait to announce a done deal.

Gold panic on Zerohedge

yes, it has! I like it once we get into Porsche models. We've gone through the 911, the 924 and the 928. Now we're onto the 944 and hopefully the really swank ones after that.

Gold is sniffing £600. Now at £598.60, and US $ 971.30.

Perhaps they took profits and then bought again at lower prices? I know I wish I had! G:S ratio turning up again from yesterday, now 64.58.

I didn't renew my subscription either. I felt like a lot of the stuff was going over my head, sadly. :doh: But that isn't to say Hoye is wrong, in my opinion. As they say, "You can be right, but you can be right too early." Still, better than being late. I do agree things feel unstable.

Good one. For me, I think it's from watching Kath and Kim. And that guy that does pretend news.

Very interesting, thanks for posting. Btw, is it just me, or do other people also assume everything they hear in an Australian accent is a wind-up?

excerpted from the Gold Report

ya, I know. I posted on the gold thread.

Big price increases in gold and silver in GBP. Now 592 and 9.29 £ per ounce on GM. Only 956 and 15.01 in $. Pound suffering.

Good interview here with Roger Weigand. He expects a very big drop in the stock markets in September, and expects juniors to really get hit. He has some advice about what to do if you hold shares, particularly in the juniors. Roger Weigand: Intv with The Gold Report and . . . .

The following Monday is a holiday -- Labor Day.

Exactly. Thanks.

It means that the anticipated rally, the "tradeable rally" that Bob predicted last autumn/winter, has happened and is ending.

Interview is up and here: hoye 28 aug "The rebound is done."

Turn the chart into a jpg and then use a photo programme to mirror and then flip it?