frizzers

920-30 is proving a real hurdle that we must get above and stay above

Chips, I hear you mate.

CC

The low volume suggests a low?

Doesn't always work, jnrs getting lowr and lower on lower and lower volume.

Chart to me looks like it wants to retest 79 ($800)

Yes.

But normally gold hits mainstream media after a multi-month run. That is the only difference. We are in a period of consolidation.

FWIW I think we're just all right, but we must hold here:

A long but essential read

http://www.atimes.com/atimes/China_Business/JJ02Cb04.html

Apologies if linked to already

BTW Ker I rally enjoy your charts, even if I do not comment on them

Dollar finding support at 50 dma. Careful

Yeah, it's doubled since that was posted - careful

Hamilton not at his best in last post.

Moriarty puts it all in a lanuage dimwits like me can understand:

http://www.321gold.com/editorials/moriarty...arty092308.html

Lease rates falling

WOW . Oil. whatta a move!

 

$25 is like $200 on Gold

I understand it's because a lot of traders demanded delivery as futures expired and, with recent bad weather, there wasn't the oil to deliver. This resulted in a huge short squeeze.

One day this will happen in silver.

Welcome to the World's Largest Gold Vault

 

 

http://abcnews.go.com/Business/story?id=5835433&page=1

 

 

 

 

 

 

 

 

 

(because gold is a commodity of course!Wonder where they keep the soyabeans?)

 

Interesting with all this talk about backing toxic crap with gold reserves that this appears?

Billions of dollars are risked on exploration, billions more spent on extracting gold from deep in the ground at huge environmental costs only to then store the gold deep in the ground.

Ker, coffee took a big hit this week and broke what I saw as support. Think the selling was related to the ETC panic. The seasonal chart suggests down into October, then up. But I don't think it's a bad bet from these levels. Volatile market though - you have to be quick to take prfits.

Margin video call is brilliant

IG Index OCT-08 spiked down to 846 while the markets were closed. Has anyone here ever seen that before (or more importantly been stopped out like this)?

IG are crooks . Do not use them. They are a boiler room. This is a blatant fraud to stop out a load of longs becasue they are on the other side of the bet.

Good for them. They won't regret it.

The conversation between Jim Puplava and Frank Barbera making up the first hour of pt 3 of this week's Financial Sense is excellent :

http://www.financialsense.com/fsn/main.html

Also this blog is very good. Only two entries but both very long, well informed and well written:

http://parcontre.blogspot.com/

At one stage it a pound meant a pound of sterling silver. That, I believe, is where the name derives.

COT chart very bullish or gold this week, but not especially for silver.

Bob Hoye sees a return in gold - silver ratio of 100:1 .

"No fiat currency has ever survived and when it does it will be catastrophic."

 

???

Sterling has survived for 1,000 years. What do you need; 2,000? 5,000?

Sterling has been a fiat currency since WW1. So it's survived about 100 years.

Churchill was very anti fiat currency, I believe. He tried to put us back on the gold standard , but at the pre WW1 price , and brought deflationary havoc as a consequence.

You could argue that since WW1 sterling has traded against the dollar which was until 1971 on a gold standard thus that we have only been totally fiat since 1971.

Since 1971 we have had two major currency crises and devaluations.

Red Hill energy is not looking bad here.

Massive coal deposits in Mongolia.

CHART

The Dark Side of the Force: