dietcolaaddict Posted April 29, 2010 Report Share Posted April 29, 2010 are the dates of gold option expiry, according to my calculations (December is a bit of a guess - dont understand trading holiday arrangements over festive period) Can anyone confirm? I've used this rule A gold futures option shall expire at the close of trading four business days prior to the end of the month preceding the option contract month; provided, however, that (1) if such day is a Friday, the expiration date shall be the preceding business day or (2) if such day is the day immediately prior to an Exchange holiday, the expiration date shall be the preceding business day. In the event that the official Exchange holiday schedule changes subsequent to the listing of a Gold futures option, the originally listed expiration date shall remain in effect. In the event that the originally listed expiration day is declared a holiday, expiration will move to the business day immediately prior. Link to comment Share on other sites More sharing options...
Gatesy Posted April 29, 2010 Report Share Posted April 29, 2010 No bubble here folks. All Aboard the Gold Train as Recognition Move Approaches Note that Gold rose about six-fold the first eight years into the bull market (it began in 1970). Ultimately it rose 25-fold. The Nasdaq from 1982 to 1992 advanced about four fold. Ultimately it rose 29-fold. The Nikkei advanced less than three fold from 1970 to 1978. From 1970 to 1990 it gained 19-fold. Gold is nine years into its bull market and has advanced less than five fold. See a pattern here? I am already 'up to me guts' in the yellow stuff so am certainly biased but I like that paragraph above. Link to comment Share on other sites More sharing options...
romans holiday Posted April 30, 2010 Report Share Posted April 30, 2010 I am already 'up to me guts' in the yellow stuff so am certainly biased but I like that paragraph above. Up to my gills in the yellow stuff.... and I'd be happy just to see it double.... while seeing house prices halve of course. 1176 Link to comment Share on other sites More sharing options...
fitkid Posted April 30, 2010 Report Share Posted April 30, 2010 The naysayers and pennies-in-front-of-steamroller-pickers are getting whacked right now. No surprise, and they will get many more whackings. I've been clawing at the sky..... THE GOOD DR what a comedian.!!!!!!!! Link to comment Share on other sites More sharing options...
Crashman begins Posted April 30, 2010 Report Share Posted April 30, 2010 Anyone expecting a dip before prices increase again. Im the steam roller type of gold bug Link to comment Share on other sites More sharing options...
warpig Posted April 30, 2010 Report Share Posted April 30, 2010 Nothing significant. Anyone expecting a dip before prices increase again. Im the steam roller type of gold bug Link to comment Share on other sites More sharing options...
romans holiday Posted April 30, 2010 Report Share Posted April 30, 2010 Anyone expecting a dip before prices increase again. Im the steam roller type of gold bug A colleague of mine bought his first bit of gold today. The gold bank tried to discourage him from buying saying the price was high at the moment. I asked him how much gold he owned... needless to say he bought. Personally, I think you can only really afford to wait for a dip if you are comfortable with the amount of gold you already own. My comfort level lies above 50% of my worth. Even then, I'm buying a bit at these levels. When it gets too expensive - relative to wages - I'll no doubt have to take up fossicking for a living. Link to comment Share on other sites More sharing options...
jinbal Posted April 30, 2010 Report Share Posted April 30, 2010 POG needs to stay above 1170 long enough when NY opens to convince some shorts to bail - then you could see a nice move up - not much resistance till the previous high Link to comment Share on other sites More sharing options...
Jake Posted April 30, 2010 Report Share Posted April 30, 2010 When it gets too expensive - relative to wages - I'll no doubt have to take up fossicking for a living. I suppose I would be wasting my time in suggesting that when it gets too expensive you turn your attention to... poor man's gold? I think many already have gone that way and that may help keep the price of silver going. I heard silver eagles in the US are proving extremely popular. Link to comment Share on other sites More sharing options...
romans holiday Posted April 30, 2010 Report Share Posted April 30, 2010 I suppose I would be wasting my time in suggesting that when it gets too expensive you turn your attention to... poor man's gold? I think many already have gone that way and that may help keep the price of silver going. I heard silver eagles in the US are proving extremely popular. I got a bit of the physical back home... but I don't put silver in the same boat as gold. Gold is in a class of its own. I mean, have you ever heard of anyone fossicking for silver? Link to comment Share on other sites More sharing options...
Jake Posted April 30, 2010 Report Share Posted April 30, 2010 I got a bit of the physical back home... but I don't put silver in the same boat as gold. Gold is in a class of its own. I mean, have you ever heard of anyone fossicking for silver? rh. You have lost the joker from your sig. cash was your old, old joker, now cash is queen and silver has been relegated completely. i think you need a new punchline. (No, I can't talk). Link to comment Share on other sites More sharing options...
romans holiday Posted April 30, 2010 Report Share Posted April 30, 2010 rh. You have lost the joker from your sig. cash was your old, old joker, now cash is queen and silver has been relegated completely. i think you need a new punchline. (No, I can't talk). Yeah, I thought it could be interpreted as disrespectful to silver. I like silver, I just don't put it in the same class as gold. How about "Gold King, Silver Queen, and the dollar [worth] Jack? Edit: liked the original better. v Link to comment Share on other sites More sharing options...
warpig Posted April 30, 2010 Report Share Posted April 30, 2010 Gold at an all time high again today. £773.28/t oz as I write this. Link to comment Share on other sites More sharing options...
LauraB Posted April 30, 2010 Report Share Posted April 30, 2010 My comfort level lies above 50% of my worth. You must be on better medication than me RH. I'm circa 70%, & still peeved the other 30 isn't in the yellow stuff. OK, make that 29%, as I still need fiat for the wine ............. at the moment. Link to comment Share on other sites More sharing options...
warpig Posted April 30, 2010 Report Share Posted April 30, 2010 What's happening in the world to cause this, I can't find any "Breaking News" that helps explain this. Has something gone wrong with the rescue plan for Greece possibly? Link to comment Share on other sites More sharing options...
romans holiday Posted April 30, 2010 Report Share Posted April 30, 2010 You must be on better medication than me RH. I'm circa 70%, & still peeved the other 30 isn't in the yellow stuff. OK, make that 29%, as I still need fiat for the wine ............. at the moment. Not to worry....what I find is that the percentage tends to look after itself... with higher prices it morphs into a larger percentage all of itself. Link to comment Share on other sites More sharing options...
romans holiday Posted April 30, 2010 Report Share Posted April 30, 2010 Don't want to be a wet blanket but I find the similarity between these two stunning: then [2008] now While "averaging in" with income, will be keeping a decent recerve back [in dollars]. Link to comment Share on other sites More sharing options...
Errol Posted April 30, 2010 Report Share Posted April 30, 2010 I'm not really seeing it. Link to comment Share on other sites More sharing options...
HPCsoYESTERDAY Posted April 30, 2010 Report Share Posted April 30, 2010 I'm not really seeing it. me neither Link to comment Share on other sites More sharing options...
romans holiday Posted April 30, 2010 Report Share Posted April 30, 2010 I'm not really seeing it. After scouring the technical schools in search of some pattern recognition for the above phenomena, I finally decided to classify it myself. I called it the "Cheshire's Grin". The way I look at it, a consolidation is always healthy... plus it would enable me to continue buying longer with my meagre income. Link to comment Share on other sites More sharing options...
LauraB Posted April 30, 2010 Report Share Posted April 30, 2010 Not to worry....what I find is that the percentage tends to look after itself... with higher prices it morphs into a larger percentage all of itself. Agreed, that has been one of this week's small pleasures. Here is another http://www.marketoracle.co.uk/Article19074.html It almost makes up for my recent pension 'increase'. Link to comment Share on other sites More sharing options...
electroweak Posted April 30, 2010 Report Share Posted April 30, 2010 I love the sight of shorts frying on a Friday afternoon... Link to comment Share on other sites More sharing options...
grumpy-old-man Posted April 30, 2010 Report Share Posted April 30, 2010 are CID out of 1oz Britannia gold coins? none available on their website. Link to comment Share on other sites More sharing options...
seekingclarity Posted April 30, 2010 Report Share Posted April 30, 2010 Anyone expecting a dip before prices increase again. Im the steam roller type of gold bug DYOD but the signals showing me support at USD1160 Link to comment Share on other sites More sharing options...
seekingclarity Posted April 30, 2010 Report Share Posted April 30, 2010 Don't want to be a wet blanket but I find the similarity between these two stunning: then [2008] now While "averaging in" with income, will be keeping a decent recerve back [in dollars]. Whatever RH if it works for you, you have my support Remember that 2008 period very well, shorted the yellow stuff down from 800, filled my boots at close to 700 and converted the paper to physical, then locked it all away... I can feel a song coming on Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now