Manual labourer

I know our friend GF is German, but even he is not Perfect! But if Carlsberg made gold trading advisors !!!!!!!! Regards ML

Yeah but it was at its low of $250 it was approx five times higher than its low $50 tens years previous to its high of 1980's high. So it is all relative ? Perhaps you should put across you thoughts in a less antaganostic way ? ML

Quote DB ""(I would appreciate it greatly, if there are any others reading this, who are also suspicious about the motives of Mr Sinclair, if those others we see that dangers of his ranmping would now give me some support. I am tired of fighting the apparent forces of darkness on my own.)"" I see the whole picture, however you only see what you want to see! The proverb was only in response to the above quote, if you stand tall/proud expect sh$t to fly your way as you constantly snag things as they pass you, life will be a painful journey. I like you but I like oddballs and all sorts of different interesting people! You scream and shout you are right without any consideration or acceptance you could be wrong! That type of attitude relates to the proverb, NOTHING PERSONAL, just an opinion! I don't have dreams of higher gold prices I have the security of history of the fact Gold holds its value over time. Fiat/paper money history shows constantly goes up in smoke! Regards ML

Maybe just maybe someboby was banking profits! In Both gold and silver? Or just testing the markets reaction to a big move ? See Link! http://www.trading-naked.com/library/paul-rotter-trader-monthly.pdf Regards ML

Old proverb! Nail that stands proud always gets hammered down! That is life my friend! Regards ML

Hi RH, FWIW, This is my slant on how things will pan out and why Gold is the thing to hold for the time being!! Maybe just maybe when the Sh&t finally hits the fan a real asset revaluation will take place, as it is the first time to my knowledge the whole world has been on a Fiat currency credit binge so it is a bit of an unknown ! 1. Solution one, high real inflation huge injections of cash/printed cash into banks all assets retain value/increase in fiat value the further from the bottom of Exeters inverted pyramid, the less inflation of value, of each of the asset class ! Private Debt is erradicated from the system, which is what is happenning now, debts ratios reduded, ministers make noises they want further lendng publicly to the people but then at the same time enforce stricter lending ratios on the banks, resulting in mortgage debt reduction as we are seeing now without a headline crash in values, hoping at the same time growth will appear from somewhere! (Cash held cash could do well in this senario as people with high personal debt ratios are squeezed by rising interest rates and real falling incomes stagfltion occurs) 2. “Paper money eventually returns to its intrinsic value – ZERO” Voltaire 1729 The worlds nightmare happens the sheeple see Fiats true value!!!!!!!! A huge deflation of all assets takes place again using Exeters inverted pryamid the items furthest away from the bottom of the Pyramid deflate the most against gold! (With the excepition of fiat cash whch will burn as in Weirmar Germany in this senario!) Regards ML

Hi DB, "I could have taken $1 million off him by betting against the timing of his $1650 target... Yet you call high "right"? How can he be so one-note wrong, and inspire such loyalty? It is a mystery to me" I thought you were an educated speculator not a Gambler ? DB you are a great bloke for putting this site up and the posts you make, however I have never read any of JS words or works so whether he is right or wrong is of no concern to me, and really shouldn't be to you, as an independent focused trader you should form your own opinions and constantly review them. To keep bleating on about some guy is constantly wrong when he blatantly is not, is pointless. Especially as it aggravates people who follow him, as the Guy does not come on here so can't defend himself! We all know your opinion of JS and the responses you provoke when you constantly attack him. The test for madness is somebody who does the same thing repeatedly and expects a different result each time! Move on it is getting boring! If in the end run you are proved right and as I have said before nobody knows what will happen in the future, we all just have our personal slant on it, then if you are right that is the time to bang on about things! Regards ML

Hi GF, This is important your message box is full I have an important pivate message for you please could you make space ? Regards ML

Post of the month for me ! There is room for trading and holding on this site, the traders are the people running up the prices some win some lose without these traders the price would be static, am personally very happy to let them trade my buy and hold to the moon!!! Some who got out yesterday will chase prices higher in the next few weeks to get back in, I am very happy to watch them chase the BULL RUN. To be fair to DB he has made some very good calls on market moves but also he has made some poor ones I think it is down to personal peference and available free time and your point of view of risk of etf over held , there is no right and wrong on the matter! Regards ML

"Am I still allowed to sacrifice virgins over piles of Britannias and brainwash new members with chanting?" Don't forget to invite all your friends to the party!! Regards ML

Where did I put my shovel and pick? I think it is time to come out of retirement? Regards ML. Smoke and mirrors comes to mind! o

"proponents then need to offer a new method by which all this extra gold came into being." Ah that's easy !!!!! The sky lizards brought it and dropped it off in their secret time travel space ship !!!!!!!!! :huh: :lol: HNY TO EVERYONE

Agreed, mean time prices become acceptable/expected !! Banks don't have to take huge hits on mortgaged properties they hold! The only way to beat this is invest in gold/oil which slowly appreciates with ups and downs against Houses. Cash is the worst place to be! The only time I can see interest rates going up is when the vast majority have moved from fixed rate mortgage deals to short sighted percived wisdom of cheaper vairiable deals. Regards ML

Is that £549 a kg plus VAT? I think the next 7-14 days will show if it is a Bottom! To be fair it has had a real pounding, and with all the gloomy news about, it is usually a sign of a very good time to buy! Regards ML

Possibly, or maybe the retailers have bought above market aka UK householders, and don't like the lower prices and are holding on! Are they paying way above spot to buy from you or below spot with wider spreads! Somethings is only worth what somebody else will pay? Regards ML

Or you could of sold calls at $48, or bought puts ?Hedging a long position this is just a reasonable pull back in a long term bull market , there is nothing un healthy about it? Regards ML

BAH HUMBUG

Target Silver at $18-$20, Gold at $1250-1400 GBP/USD 1.85 now that would be Merry Christmas

Could be brave that DB, If $26 is tested and fails, which it probably will then the next bus stop could be $18 ! At which piont I will need a train not a truck! :D Regards Ml

Removed!

Also room for a 3.6m Christmas tree!!!!!!!!!

"Worst of all might be a Gold-backed currency,[/b] so that these illuminati villains (if they exist, and if they hold vast amounts of gold) would be able to unload all their Gold at a high fixed price, and then convert it into cheap earning assets." Now you are slowly catching on DB, that's what all the BH gang have been telling you all along!!!!!!! Sounds like a really good plan to me !!!! ;) You better watchout, these Illuminati Might be on here watching us right now!!!!!!!!!!!!!!! FREE TIP :- Watchout for the men in dark suits and sunglasses! Regards ML

Nah I can't see it they will eventually crank the printing press up to full speed, hyperinflate everything, debt will never get paid off, slate wiped clean! Sorry chaps we can't pay you in yuan, but we can give you a suitcase packed with this old 50 billion pound notes!!!!!!!!!! Sorry Sultan we can't pay our debts and we have used your oil up so you can't have it back ! I tell you what lets start again and we will settle up on delivery, unless you want to lend us a few quid again! Rgds ML

Cool!

They certainly moved on and prospered! I am sure Cameron wishes it was a barren field landscape! :lol: Regards ML