Carlton

This seems to suggest that we will have an unsuccessful run at the $48 high 9-18 months from that high, meaning roughly between now and Oct. 2012. Moreover, we will have a breakout to new highs 1 1/2 to 2 1/2 years following the $48 high, meaning roughly between Oct. 2012 and Oct. 2013. IMO, the price action will closer to the shorter end of those time ranges due to the deep global recession and silver correction that occurred in 2008. In other words, the time frames will be more like 2004/5 and 2007/8.

Darryl Guppy http://www.cnbc.com/id/46289385

Regarding taxes, trading futures seems to be more advantageous than the GLD, at least for Americans. I'm somewhat surprised that you don't talk about futures trading.

Capitulation. Detroit will regain its luster. Access to water, an international frontier, and good transport links, especially for an oil-scarce world.

About a year ago I (profitably) traded calls on these guys. The stock has since sunken far further than I ever expected. It certainly looks undervalued and like the shares should appreciate from here, with help from the broad indicies and from Au. But I wouldn't hold my breath for a takeover. With a mkt cap of $11 bln it's going to take serious resources to take over this company. ABX could do it, but others like NEM would be strained. I think the shares can appreciate on their own merit.

^^ Bullish or bearish? That is the question.

Go/stay long London RE? From 2007, but I find this interesting: Richest cities and urban areas in 2020 Rank City/Urban area Country Est GDP in 2020 in US$bn Est annual growth 2005-2020 1 Tokyo Japan 1602 2.0% 2 New York USA 1561 2.2% 3 Los Angeles USA 886 2.2% 4 London UK 708 3.0% 5 Chicago USA 645 2.3% 6 Paris France 611 1.9% 7 Mexico City Mexico 608 4.5% 8 Philadelphia USA 440 2.3% 9 Osaka/Kobe Japan 430 1.6% 10 Washington DC USA 426 2.4% 11 Buenos Aires Argentina 416 3.6% 12 Boston USA 413 2.4% 13 Sao Paulo Brazil 411 4.1% 14 Hong Kong China 407 3.5% 15 Dallas/Fort Worth USA 384 2.4% 16 Shanghai China 360 6.5% 17 Seoul South Korea 349 3.2% 18 Atlanta USA 347 2.6% 19 San Francisco/Oakland USA 346 2.4% 20 Houston USA 339 2.5% http://www.citymayors.com/statistics/richest-cities-2020.html

Gold is always and everywhere salable. Anyone who has difficulty selling gold is doing something wrong. There is a reason Brit fighter pilots carry sovereigns (and not certs for shares of Unilever) with them into battle.

Sure it is. Silver is one of the few things that has approximated gold's performance of the past 10 years. Of course silver is more volatile. But owning silver has more than protected your purchasing power, it has increased it. What more do you want?

You're right; I thought I might have gone too far.

.............

Buy, buy, buy! ???

Miner production is relatively constant and predictable. Hence, selling by miners isn't going to move the market significantly unless they engage in significant hedging. If the miners were willing to sell forward a few year's worth of production in a couple days that would move markets, but most of them don't engage in long-term hedging. Thus, miner selling is an inadequate answer.

Given that many miners have committed to strictly limit their hedging that is not such an obvious (duh) answer.

Only if the policy-makers decided to permit a years-long debt-deflation and all of the attendant problems: economic contraction, bankruptcies, unemployment, crime, riots, falling government revenue, and perpetual electoral losses for political incumbents.

^^ OMG. Onion News Network??

A country on a gold standard can still devalue by changing the ratio of banknotes to gold. The US did this in 1933 changing the ratio from $20 per ounce to $35 per ounce. There were some European countries that also devalued during the WW1/interwar period. It is less easy under the gold standard, however, because it requires an explicit policy decision from the government, as opposed to allowing loose monetary policy to gradually depress the value of a fiat currency. That explicit policy decision may be difficult with respect to domestic and international politics.

^^ Wise words, G0ldfinger.

Interpretations? From http://www.cnbc.com/id/44647369 The only two bigger losses than today were in 1980, which was not a great year for silver.

It was an interesting article; however the "London Trader" says that central bank gold is physically going to the East. This is contrary to what Rickards has explained - that the central banks maintain possession of their leased gold and that it will be the commercial banks who are left naked short on gold when the CBs terminate the leases.

Important: http://news.goldseek.com/GoldSeek/1315949637.php

Stewart Thomson is at it again: http://news.goldseek.com/GoldSeek/1315930140.php

http://www.cnbc.com/id/44373049

To be fair, the US and the US military have contributed disproportionally to world peace and freedom of the seas, conditions that have made globalization, the expansion of trade, and investment in place like China possible and attractive. Moreover, if the US had opposed GATT/WTO China and other developing countries would be much poorer, with less savings, and less technology.

I may as well add this here: