Mr Pipples Posted May 5, 2009 Report Share Posted May 5, 2009 Sorry - not bullion, but... Massive Options Trade Signals Gold Miners (GDX) Is Set to Glitter - http://seekingalpha.com/article/135227-mas...er?source=yahoo Link to comment Share on other sites More sharing options...
romans holiday Posted May 5, 2009 Report Share Posted May 5, 2009 Awesome action in silver this week. The ratio is coming back down into the 60s. Have to say, I am a little surprised at the strength in metals.... coinciding with the continued rally in the markets. Link to comment Share on other sites More sharing options...
azazel Posted May 5, 2009 Report Share Posted May 5, 2009 Timely new song from simple minds, Rockets. Released on 25th May. http://www.youtube.com/watch?v=blv_o0ydies Could it be the song of the summer rally? Link to comment Share on other sites More sharing options...
warpig Posted May 5, 2009 Report Share Posted May 5, 2009 It almost makes me think the markets are manipulated... Have to say, I am a little surprised at the strength in metals.... coinciding with the continued rally in the markets. Link to comment Share on other sites More sharing options...
warpig Posted May 5, 2009 Report Share Posted May 5, 2009 Absolutely not. Timely new song from simple minds, Rockets. Released on 25th May. http://www.youtube.com/watch?v=blv_o0ydies Could it be the song of the summer rally? Link to comment Share on other sites More sharing options...
romans holiday Posted May 5, 2009 Report Share Posted May 5, 2009 It almost makes me think the markets are manipulated... Yep, I wouldn't be surprised to see the volatility in gold calm down a bit. Whatever way the market scares, whether inflation or deflation [apart from whether the wheels fall off the economy] I reckon gold is now effectively thought of by the big investors as a monetary asset. The QE event has pretty much put the breaks on gold going on another mega dip and continued concerns about economies and currencies has put a floor of sorts under it. Maybe best to just accumulate with wages. As for silver, now there is a different story..... I think this might be the one to remain wickedly volatile and fruitfully traded..... or platinum. Link to comment Share on other sites More sharing options...
FWIW Posted May 5, 2009 Report Share Posted May 5, 2009 Worth a read...if only to apreciate another point of view...even though it is wrong! http://theglobalperspective.com/?p=313 You know what - i'd love it if gold was $400 an oz! In fact I'd also love being 4 years younger as well! Link to comment Share on other sites More sharing options...
Errol Posted May 5, 2009 Report Share Posted May 5, 2009 At $400 an ounce the physical supply will dry up in no time at all. I'd be buying as much as I could carry. Link to comment Share on other sites More sharing options...
electroweak Posted May 5, 2009 Report Share Posted May 5, 2009 Yup, at $400 I would take out a mortgage and load up. Link to comment Share on other sites More sharing options...
G0ldfinger Posted May 5, 2009 Author Report Share Posted May 5, 2009 Yup, at $400 I would take out a mortgage and load up. China would as well, and therefore it ain't going to happen. The PTB seem stupid and much of the time act in stupid ways (Gordon selling the gold etc.), but in the end they will always realize or know that they need gold. Link to comment Share on other sites More sharing options...
HPCsoYESTERDAY Posted May 6, 2009 Report Share Posted May 6, 2009 subtle price changes on sovs at cid: vict. sovs currently £10+ premium over elizabeth no edward or george sovs at present Link to comment Share on other sites More sharing options...
jerpy Posted May 6, 2009 Report Share Posted May 6, 2009 China would as well, and therefore it ain't going to happen. The PTB seem stupid and much of the time act in stupid ways (Gordon selling the gold etc.), but in the end they will always realize or know that they need gold. You of all should like this as highlights Gord's (EDIT stoopidity) in the table for one....then again it might also make you angry. Three reasons to buy gold from someone who describes himself as NOT a hardcore goldbug http://www.moneyandmarkets.com/why-gold-lo...ve-higher-33588 Link to comment Share on other sites More sharing options...
lowrentyieldmakessense(honest!) Posted May 6, 2009 Report Share Posted May 6, 2009 just for the austrian thinkers Jim Sinclair’s Commentary In case you missed this the first time it was posted, please do not miss it this time. What allowed me to call $900 in the early 1970s was pure math. Here is another exercise of similar character. Mises’ Equation = Gold Price $6,000 - $31,000? "Thorsten Polleit, Honorary Professor at Frankfurt School of Finance and Management, did some calculations for this and found (as of March ’09): - backing all of M1 with gold. M1 divided by gold oz. results in $6000 per oz. - backing M2 with gold and you get $31,000 per oz. - backing Euro M3 and gold is E26,000" Does Mises’ Equation Give a Basis for Gold Price? May 03, 2009 Assuming you agree to a strict Austrian approach to life and love, Mises advocated sound monetary policy by returning to a gold standard and developed this equation for a “regression” to a properly backed currency called the gold cover ratio: GCR = (C+D+T+S+L) / G Where C is cash, D is demand deposits, T time deposits, S savings, and L banks long term liabilities. And our favorite variable G is oz of gold at Fort Knox. Thorsten Polleit, Honorary Professor at Frankfurt School of Finance and Management, did some calculations for this and found (as of March ’09): backing all of M1 with gold. M1 divided by gold oz. results in $6000 per oz. backing M2 with gold and you get $31,000 per oz. backing Euro M3 and gold is E26,000 But the real impact of Mises’ work is not in what the price of gold should or could be but rather the conclusion that no matter what the government does (e.g. quantitative easing, free running printing presses, artificially low interest rates, stimulus packages, bank bailouts, TARP, TALF, etc, etc) we still get a serious erosion if not all out loss of the exchange value of fiat money Link to comment Share on other sites More sharing options...
Catflap Posted May 6, 2009 Report Share Posted May 6, 2009 You of all should like this as highlights Gord's (EDIT stoopidity) in the table for one....then again it might also make you angry. Pathetic - I don't know why he just didn't sell the lot and have done with it. Switzerland has a population of only 7.6 million so that is impressive. Link to comment Share on other sites More sharing options...
Peasant Posted May 6, 2009 Report Share Posted May 6, 2009 New FT article on Gold Nice graph... Link to comment Share on other sites More sharing options...
ziknik Posted May 6, 2009 Report Share Posted May 6, 2009 ebay are handing out 10% discount vouchers again! 10% discount on gold EDIT: you only get the discount on ONE item (not one order) Link to comment Share on other sites More sharing options...
FWIW Posted May 7, 2009 Report Share Posted May 7, 2009 More from FT on gold: http://ftalphaville.ft.com/blog/2009/05/07...st-europe-40bn/ Link to comment Share on other sites More sharing options...
Bosworth Posted May 7, 2009 Report Share Posted May 7, 2009 CID have 1oz britannia's in stock Link to comment Share on other sites More sharing options...
Mr Pipples Posted May 7, 2009 Report Share Posted May 7, 2009 JPMorgan Chase & Goldman reportedly been buying COMEX gold & silver call options in June 2009 & Dece contracts. Calls on COMEX gold June contracts exceed puts by > 80%. Dec calls exceed puts by 130% Link to comment Share on other sites More sharing options...
Mr Pipples Posted May 7, 2009 Report Share Posted May 7, 2009 Russian gold/fx reserves rise to $385.9 bln http://www.forbes.com/feeds/afx/2009/05/07/afx6390068.html Up 5 bil in a week - though the total has been way higher in the past. Link to comment Share on other sites More sharing options...
FWIW Posted May 7, 2009 Report Share Posted May 7, 2009 Apologies if this has already been posted. http://www.kitco.com/ind/Turk/turk_may042009.html A very good read and I agree 100% with him! Link to comment Share on other sites More sharing options...
warpig Posted May 7, 2009 Report Share Posted May 7, 2009 Good to see gold moving again, I was starting to get bored... ZZZzzzz Link to comment Share on other sites More sharing options...
alexreeve Posted May 7, 2009 Report Share Posted May 7, 2009 Good to see gold moving again, I was starting to get bored... ZZZzzzz Gold, Silver and USD all rising sharply. Nice. Link to comment Share on other sites More sharing options...
romans holiday Posted May 7, 2009 Report Share Posted May 7, 2009 So..at what price are people thinking of lightening up a little? Link to comment Share on other sites More sharing options...
alexreeve Posted May 7, 2009 Report Share Posted May 7, 2009 So..at what price are people thinking of lightening up a little? So..at what price are people going to regret not stocking up a little at these prices? Link to comment Share on other sites More sharing options...
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