nigel2012

Does anyone have any proof of massive short positions on Gold currently operating which are driving the price lower?

Previously when any country within the EMU has found itself unable to pay high levels of interest on servicing their debt, Gold has gone up massively in price. Was that purely on the expectation of a bail-out of the country threatened

Is it going to play out differently this time, does Greece leaving the EMU without any more bail-out mean deflation, less money supply and consequently a continuation of the Gold price downwards?

Certainly could do, but looking back to summer 2008 gold fell from 1030 to 680 or around 34 percent. A similar fall this time around would be take it to 1300 or below, though I don't think it will fall that far. This dip is certainly good news for physical buyers.

Remember the rules of what happened last time with regard to Gold and to a lesser extent Silver do not apply now.

The M3 money supply was levered up at an incredible trajectory following the Lehman Brothers collapse.

Also as the main fear is of contagion following Greece defaulting on its debts, preceding a Fiat currency collapse, then there is only one source of protection from that (especially when contagion spreads to the US) GOLD!!

THE RESIDENCE, Manor House

 

(this place is being marketed in HK this weekend - Any comments?)

 

 

The Residence

 

The Residence is the last block in the current phase to be released at Woodberry Park. This iconic 27 storey tower consists of 167 one, two and three bedroom apartments and penthouses boasting spectacular panoramic views over both the East and West reservoirs and out towards London's iconic skyline.

 

Selected apartments including floors 20 and above will benefit from the platinum specification to include Bosch built in induction hob, microwave and double oven along with oak internal doors, fitted wardrobes to master and second bedrooms, multi room audio system including IPOD docking station, hard wired alarm system and video entry system.

 

With shops, cafes and restaurants due to open on the ground floor, and a residents only gym within the development* residents can experience the benefits of living above one of London's most prestigious new destinations.

 

 

Woodberry Park

 

Woodberry Park is the first phase of the stunning Woodberry Down regeneration project fronting the West Reservoir, providing stunning views towards the City and Canary Wharf. A fantastic development of studio, 1, 2 & 3 bedroom apartments, Woodberry Park is less than 5 minutes walking distance of Manor House tube station and only15 minutes from Oxford Circus by tube.

 

This property is currently being sold off plan and is due for completition in 2012

 

/see: http://www.rightmove.co.uk/property-for-sa...y-27180460.html

/brochure: http://www.berkeleygroup.co.uk/berkeley/woodberry-park

Manor House also has Finsbury Park on the other side of it, so this is a great location, BUT with Europe's debt crisis still massively under-represented in the mainstream press and larger economy then I would have thought that house prices will go into freefall when the UK re-enters recession either this year or in 2012.

I was going to buy a flat in a large block in Slovenia before the CDO-inspired banking crisis of 2008-09, but pleased I didn't. Anyone buying a flat in a huge block when the economy tanks either takes a large hit short-term and stays with it for the long-term or if needing to sell is going to have to discount heavily when the prices go down and there are so many others who are in the same boat.

So it depends if you think the economy is on the mend or just re-inflated by QE1, QE2, UK banking bail-out etc. I believe there is far far worse to come so house prices and flat prices will dive.