Manual labourer

I see the difference. I reacted to the more common meaning, just in case it was intended that way.

But your meaning is probably accurate.

 

So with that thought, you think I am "stuck with a lonely cause" here. Or perhaps I am just early in presently a fresh view on the motivations of Gold Bullis, and so catch flack for being different by being early. It will not be the first time that happened.

 

"Sinclair was right, is right, and will be right (on the price of gold)," - GF.

No one jumps in the attack this comment. (!!) Were more complacent words ever spoken in this debate ?

 

 

I know our friend GF is German, but even he is not Perfect!

But if Carlsberg made gold trading advisors !!!!!!!!

Regards

ML

Should I drop my argument, simply because there are other points of view here?

Of course not.

 

"Gold holds its value over time".

Hmm. Well it fell from $850 to $250. How does that price move fit in with your view on its value as a Safe Haven?

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

Nonsense.

I am not "proud" - I am merely battling bullshite.

Can you not see the difference?

I presume you do not like it, because my truth-telling threatens to puncture your dreams of much higher gold prices, if owners of the metal can hold on in a time of rising demand.

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

That's is one way of meeting it. Though it is hardly falsifiable which is generally considered a virtue of a theory. I mean it could always be just next year before 'velocity' [what an abstraction that is] picks up.

 

But the problem is more a problem with those who see a problem specifically in the rise of gold comparable to commodities. I don't think you've ever had a problem with the rise of gold... unless it hasn't risen fast enough.

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

Have you consider that every BUYing window I have signalled here has represented a very favorable time to buy.

 

The one at the beginning of 2012 was only the latest.

 

Sinclair has never signalled a selling window as far as I know, so his whole thesis is based on Buy and Hold and Hold and the notion that there are Angels out there holding magnets that attract the price higher.

 

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

 

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

I have a family of 2 kids under 3 and another on the way. I STRd 2.5 years ago and invested 50% in gold. Working and living in London.

 

I am very happy with my choice to buy and hold.

 

I have an extremely demanding day job and can barely keep on top of my basic family commitments let alone spend hours mucking around doing personal trading.

 

I also happen to work for a major investment bank. There is absolutely no chance in hell that I would hold paper in ant greater proportion than necessary.

 

When this sucker goes it will go spectacularly quickly. The system will seize up in MINUTES. Everything is on a hair trigger.

 

The only thing that matters is what you have in your possession right now.

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

Then it's crucial we know what your interpretation of a cult is. Am I still allowed to sacrifice virgins over piles of Britannias and brainwash new members with chanting?

"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

This could...

Please tell me it is a spoof

 

Stash of £156BILLION in gold bars found stored in former WWII canteen under London

 

...We've still got a few quid then! ... "but sadly not all of it belongs to us."

Could this be the gold recovered in Nazi Germany by Eisenhower's invading army? If so, this gold was claimed to have been returned under the post-WWII Marshall Plan to the original European countries from whom it was looted by the Nazis. See:Did Eisenhower Loot the Nazi Gold & Treasures for his Bankster Handlers?

By Emma Reynolds

 

Last updated at 8:55 AM on 3rd February 2012

 

Cash-strapped British people will breathe a sigh of relief when they see these impressive treasure troves.

 

Despite the financial crisis, it seems the country still has some money left in the Bank of England's vault beneath London.

 

 

In fact, there are stacks of gold bars worth a whopping £156billion stored in an old canteen deep below the streets of the capital.

 

Treasure trove: The Bank of England's vault under central London contains 4,600 tons of the precious metal, worth an incredible £156billion

 

Rich pickings: The rows of simple shelves are stacked high with 28lb 24-carat gold bars

 

It seems Gordon Brown did not manage to completely strip the country of its assets when he sold off 400 tons of gold at rock-bottom price during his time as Chancellor.

 

The gold he got rid of when prices were at a 20-year low cost the country up to £11bn, it was estimated last April.

 

He made just £2.3billion on the precious metal he sold between 1999 and 2002.

 

Read more: http://chasvoice.blogspot.com/2012/02/stash-of-156billion-in-gold-bars-stored.html#ixzz1lQy6C9pp

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

The issue I have with claims that there's x tonnes of secret gold somewhere out is that they do nothing to explain where it all came from. If there's that much more gold than thought, and gold is formed at the same time and by the same processes as other elements, there ought to be more of those elements as well, unless our theories are wrong. They may well be, but in that case, the "there's much more gold" proponents then need to offer a new method by which all this extra gold came into being.

"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

Two reports released today. The Nationwide says prices are down in December but up 1 percent on the year.

 

http://www.nationwide.co.uk/hpi/historical/Dec_2011.pdf

 

Meanwhile the Land Registry says prices are up 0.3 percent in November.

 

http://www.landreg.gov.uk/upload/documents/HPI_Report_Nov_11_ws13pm4.pdf

 

 

And, barring a sudden rise in interest rates, this is how it will continue for years.

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

I was thinking philharmonics or maples. It was silver maples for me and unless this "correction" goes further, I may have nailed the bottom at £549 a kg. We will see.

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

Yep, noticing the same thing here. One ounce Philarmonikers available at 24.60 euros but the larger coins are mostly unavailable. Those that are available have only fallen by about 6 percent in price in the last two weeks, despite the nearly twenty percent silver price fall in euro terms. Paper detaching from physical anyone?

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

Good comment.

 

I should frame it, and pull it out again and quote it in the next parabolic move.

 

I still cannot believe people were spouting nonsense like:

"Never, ever ever SELL your Gold!"

 

What's it for? If you have a huge profit (as at Gold-$1,900 or Silver-$48) why not cash some or all of it?

 

You can buy Calls with some of the proceeds, if you want to stay long.

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

Ghost of Christmas past more like.

BAH HUMBUG

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

From DrBubb's Diary...

 

When other precious metal sites were ramping Gold at $1900 and Silver at $45 plus, what you were hearing some several folks here (not just me) was: "Be careful! Parabolic moves normally get retraced."

 

[

 

I reckon some GEI readers benefitted from those warnings and upon reading them were more likely to take profits or shift to another metal than buy into the parabolic spike.

 

I have to admit, that I am gritting my teeth while buying right now. And I am much more likely to buy in the money calls than outright longs. I always thought that I would be buying more outright longs at these levels when we reached them. But I find I don't have the stomach for it since I can see that support could easily be broken. Some usually accurate observers, like my HF friend "B" have been talking about $22 Silver. Maybe we will see that (or even lower), and so I want to "keep some powder dry" in case we do.

 

But anyway, if you look at the Beating B&H thread, you will see I have been aggressive in buying in recent days, as I always planned to be when Silver hit these levels below $30 and near $27. I do think you can put the market calls on GEI up there will they most accurate you can find. But now that I have typed that, there's an excellent chance you will see a big blunder soon, and maybe this agressive buying of Call will be it. Of course, we want to trade knowing "anything can happen."

 

SEE: http://tinyurl.com/BeatingBH

Hence I have maintained a LONG BIAS in my BBH portfolio.

I merely "Dial up" and ""Dial down" risk (using options) when I think we are at extremes or within "interesting" trading windows.

 

We are within such a trading Window at the moment, and I am buying SLV, AGQ, and SLW calls aggressively

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!

That's how we live at the moment. Gives you room to think.

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

Just under halfway into this, BF talks about how "official estimates" of how much Gold is in existence are wrong. He says the actual amount may be 9-10 times as much (!)

 

If he is right, and the Illuminati hold much of the Gold, then maybe the Gold bugs are being "played" by some well-known Gold gurus, who are doing their best to create buyers for Illuminati Gold when (at some future day) they choose to unload.

 

Worst of all might be a Gold-backed currency, 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.

 

(I have expressed this point of view here before, and it has been ridiculed by some, but I think BF's comments and the lawsuit he has been reporting on, shows there may be something to my warnings.)

"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

I think you're right, the fine old Regency buildings of London and other cities will still be here regardless of what happens. Even the idiot politicians couldn't destroy them all over the last 50 years. But the new build BTL flats over in the East of London might crumble and go to zero though. They look like they're crumbling now and they've barely been up 10 minutes. I bet they don't have 4m Parisian ceilings either

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

I lived in one of those during all my childhood/young adulthood. 4m (okay, 3.7m) high ceilings! Certainly felt better than the average British new build

Cool!

http://en.wikipedia.org/wiki/Haussmann's_renovation_of_Paris

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

Regards

ML