romans holiday Posted October 19, 2010 Report Share Posted October 19, 2010 1336. This looks like the long over-due correction. Around 1300 looks good for support: Link to comment Share on other sites More sharing options...
G0ldfinger Posted October 19, 2010 Author Report Share Posted October 19, 2010 1336. This looks like the long over-due correction. Perfect timing! I am just now getting to move my pension cash into the gold SIPP! $950, pretty pleaseeeeee!! Link to comment Share on other sites More sharing options...
romans holiday Posted October 19, 2010 Report Share Posted October 19, 2010 Perfect timing! I am just now getting to move my pension cash into the gold SIPP! $950, pretty pleaseeeeee!! Now that would be pushing it. Could see 1250 though. Link to comment Share on other sites More sharing options...
jinbal Posted October 19, 2010 Report Share Posted October 19, 2010 Now that would be pushing it. Could see 1250 though. anywhere between 1300 and 1250 would put POG nicely in the buy zone: between some MA's At or near stronger support zones At or near rising trendlines Link to comment Share on other sites More sharing options...
romans holiday Posted October 19, 2010 Report Share Posted October 19, 2010 anywhere between 1300 and 1250 would put POG nicely in the buy zone: between some MA's At or near stronger support zones At or near rising trendlines Got to agree. Shame is I won't be buying as already allish in. Link to comment Share on other sites More sharing options...
aliveandkicking Posted October 19, 2010 Report Share Posted October 19, 2010 Perfect timing! I am just now getting to move my pension cash into the gold SIPP! $950, pretty pleaseeeeee!! I promise to buy a few onzes at those levels Still got a buy order out for 9 dollar silver as promised a while back. Link to comment Share on other sites More sharing options...
G0ldfinger Posted October 19, 2010 Author Report Share Posted October 19, 2010 Perfect timing! I am just now getting to move my pension cash into the gold SIPP! $950, pretty pleaseeeeee!! A 2.2% downturn so far. What has happened to the good old gold downturns?? Where is my 30%-40% off bargain? Link to comment Share on other sites More sharing options...
G0ldfinger Posted October 19, 2010 Author Report Share Posted October 19, 2010 China...China Central Bank Unexpectedly Raises Key Rate for First Time Since 2007 So the USD is now fixed to the CYN, and not the other way round. Interesting! Link to comment Share on other sites More sharing options...
The Mad Hatter Posted October 19, 2010 Report Share Posted October 19, 2010 A 2.2% downturn so far. What has happened to the good old gold downturns?? Where is my 30%-40% off bargain? The RBCI sounded at 14:21. Unlucky. Link to comment Share on other sites More sharing options...
warpig Posted October 19, 2010 Report Share Posted October 19, 2010 It's interesting to see it bounce back up, again and again, I assume this time will be no different. Link to comment Share on other sites More sharing options...
electroweak Posted October 19, 2010 Report Share Posted October 19, 2010 So the USD is now fixed to the CYN, and not the other way round. Interesting! It does feel like a seminal moment; that you might think back to this day as the tipping point when Chinese fiscal policy dragged the dollar up relative to all else...(due to the unmaintainable 'peg', which will inevitably fail)... Link to comment Share on other sites More sharing options...
carbon junkie Posted October 19, 2010 Report Share Posted October 19, 2010 It does feel like a seminal moment; that you might think back to this day as the tipping point when Chinese fiscal policy dragged the dollar up relative to all else...(due to the unmaintainable 'peg', which will inevitably fail)... Hasn't China just blinked? The peg is beginning to cause iintolerable internal inflation. Ben gets the chance to print even more now and force Chinese inflation up still further. The peg will as you say ultimately fail. Interesting times indeed. Link to comment Share on other sites More sharing options...
richyc Posted October 19, 2010 Report Share Posted October 19, 2010 Gold's parabolic move over the whole bull run is nothing but devaluation of all fiat currencies. All fiat currencies are in a race to the bottom, one takes the lead then another takes over. Gold isn't really going up, it is the currencies it is valued in are losing purchasing power. The british pound looks the weakest on here; A perfect analogy that fits my own thinking. I have typed the same message almost word for word many times. What I am stuck with now is my understanding that gold can not fail to rise in sterling terms given the situation (certainly long term) but that there maybe no significant new highs in sterling if dollar devaluation is the driving factor over the winter. Link to comment Share on other sites More sharing options...
marmite Posted October 20, 2010 Report Share Posted October 20, 2010 new York has woken up with a slam dunk Link to comment Share on other sites More sharing options...
adcott Posted October 20, 2010 Report Share Posted October 20, 2010 From: http://www.youtube.com/watch?v=pWAu7FmKbYc Link to comment Share on other sites More sharing options...
G0ldfinger Posted October 20, 2010 Author Report Share Posted October 20, 2010 How's that for volatility. How is this for something that you absolutely don't want to have in your portfolio? Link to comment Share on other sites More sharing options...
HPCsoYESTERDAY Posted October 20, 2010 Report Share Posted October 20, 2010 How is this for something that you absolutely don't want to have in your portfolio? gf - what does TW stand for? trade weighted? Link to comment Share on other sites More sharing options...
G0ldfinger Posted October 20, 2010 Author Report Share Posted October 20, 2010 gf - what does TW stand for? trade weighted? Yes. Link to comment Share on other sites More sharing options...
Crashman begins Posted October 20, 2010 Report Share Posted October 20, 2010 Im guessing QE in the states will be our buying oppurtunity as the dollar slides heavily, The states always go 1st dont they ? Link to comment Share on other sites More sharing options...
romans holiday Posted October 21, 2010 Report Share Posted October 21, 2010 Bit dated this, but fwiw the seasonal pattern has shown a dip going into November. Have a little more cash than I need so will be looking to make a purchase around the end of the month. Definitely my last purchase this time, as will have soon stopped earning an income. Another chart: Link to comment Share on other sites More sharing options...
Pixel8r Posted October 21, 2010 Report Share Posted October 21, 2010 Bit dated this, but fwiw the seasonal pattern has shown a dip going into November. Have a little more cash than I need so will be looking to make a purchase around the end of the month. Definitely my last purchase this time, as will have soon stopped earning an income. Here's a 40 year seasonal chart, which shows the best time is now. Link to comment Share on other sites More sharing options...
HPCsoYESTERDAY Posted October 21, 2010 Report Share Posted October 21, 2010 Help! I've got rusty roubles! I recently bought a mixed job lot of pm's, which included a 50 Rouble gold coin originally bought from Sper Bank (receipts and documentation were included in the lot) I then remembered reading something about rust spots on here and a quick search revealed this: Here's a head scratcher: as everyone knows from elementary chemistry courses, gold is the most inert metal in the world - it does not rust, nor corrode. Yet this is precisely what Russian commercial precious metal trading company, International Reserve Payment System, discovered on thousands of (allegedly) 999 gold coins "St George" (pictured insert) issued by the Central Russian Bank. The serendipitous discovery occurred after various clients of the company had requested that their gold be stored not in a safe, but in a far more secure place: "buried under an oak tree." As the website of IRPS president German Sterligoff notes: once buried, "the coins began to oxidize under the influence of moisture." And hence the headscratcher: nowhere in history (that we know of) does 999, and even 925 gold, oxidize, rust, stain, spot or form patinas, under any conditions. well guess what?! on closer inspection in turns out my coin displays these spots as well I am not that bothered, as this does not seem to be that unique - something to put down to experience. Anyone have any comments about this? Link to comment Share on other sites More sharing options...
G0ldfinger Posted October 21, 2010 Author Report Share Posted October 21, 2010 I am not that bothered, as this does not seem to be that unique - something to put down to experience. Anyone have any comments about this? If the gold is not .999 at least and has silver or copper in it, you always get a little patina. Also, there might be copper etc. inclusions which turn into "spots". Even a .999 coin just gets a little greasy/dusty if you touch it all the time. A soft cloth (and a little bit of breath) is usually enough to remove all patina on the common coins. Link to comment Share on other sites More sharing options...
electroweak Posted October 21, 2010 Report Share Posted October 21, 2010 I have an old maple which has spots...and that's supposed to be 9999. I am not really worried, as I guess it's just some thin copper impurity... Link to comment Share on other sites More sharing options...
HPCsoYESTERDAY Posted October 21, 2010 Report Share Posted October 21, 2010 I have an old maple which has spots...and that's supposed to be 9999. I am not really worried, as I guess it's just some thin copper impurity... thanks GF and chris Chris - that pic puts my mind to rest as the rouble is .999 Link to comment Share on other sites More sharing options...
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