electroweak Posted May 6, 2008 Report Share Posted May 6, 2008 Wow, for once, I got in RIGHT at the bottom of today's smackdown. Woohoo! Now, If I can just judge when to sell....... Link to comment Share on other sites More sharing options...
Bobsta Posted May 6, 2008 Report Share Posted May 6, 2008 Now, If I can just judge when to sell....... Just hold! I took some profit on crude this morning ... it dipped about $1 from where I'd sold and I nearly jumped back in. Now I'm kicking myself. Don't make the same mistake with your gold. A generally good day for us "economic realists" though. Comm's up and GBP and USD both down. Link to comment Share on other sites More sharing options...
G0ldfinger Posted May 6, 2008 Author Report Share Posted May 6, 2008 As promised: The 2nd Satyajit Das interview from the May 4th Sunday Business programme. http://feeds.feedburner.com/~r/co/vmzZ/~5/...Biz_podcast. ... Downloaded. Link to comment Share on other sites More sharing options...
alexreeve Posted May 6, 2008 Report Share Posted May 6, 2008 Gold has been rising sharply on NY opening last few days, in stark contrast to previous pattern. Any theories out there? Link to comment Share on other sites More sharing options...
marceau Posted May 6, 2008 Report Share Posted May 6, 2008 I have to admit it was nice action in gold today, but as I've said it still has an awful lot of work to do before the risk of another big selloff is put to bed. I'm slightly disappointed that we didn't pop upwards when gold broke through $883, I was really expecting that to be the moment that the shorts finally started to let go. I suppose that's part of the problem at the moment, the shorts have so many lines of defence that they are happy to hold for longer. For the record I'm still not convinced, there was much better volume today by the look of things, but it looked to me like it only came in after the bulk of the move had already been made. When the volume did arrive, it didn't do much for the price considering where we were on the charts (we could have easily popped up towards $900 if they'd got any real traction), which means big selling volume kept a lid on those longs. I still wouldn't buy here to be honest. I think I'll wait and see where the next bout of selling takes us. Looks like I'm still in Grinch mode for gold then. Link to comment Share on other sites More sharing options...
drbubb Posted May 6, 2008 Report Share Posted May 6, 2008 The parabolic move in gold may be close. Turk has been talking about a possible Dollar Collapse thie summer. If we see that, Goldis likely to soar, and "go parabolic". So many Gold ebars about now, it could happen from here. But Iwoudl still prefer to see a retest of $850 on light volume Link to comment Share on other sites More sharing options...
G0ldfinger Posted May 6, 2008 Author Report Share Posted May 6, 2008 Someone over at GIM wrote: price of crude today a little scary....just hit $122 golds gotta start exploding any time soon The average price ratio since 1946 would imply gold at $1,800. And that's only average, a peak in gold could be 2 times higher. Link to comment Share on other sites More sharing options...
G0ldfinger Posted May 6, 2008 Author Report Share Posted May 6, 2008 Bloomberg headline: Fannie Mae Has $2.19 Billion Loss; Shares Rise on Regulator's Capital Plan No more questions, people are totally deluded. Buy gold. Link to comment Share on other sites More sharing options...
electroweak Posted May 6, 2008 Report Share Posted May 6, 2008 Bloomberg headline: Fannie Mae Has $2.19 Billion Loss; Shares Rise on Regulator's Capital Plan No more questions, people are totally deluded. Buy gold. and, Merril's L3 assets went UP by 70% as mortgages were reclassified (presumably the start of that ALT-A crud being downgraded!) http://www.bloomberg.com/apps/news?pid=206...&refer=home Stock price basically unchanged. Utterly delusional, methinks. Ohh-arrr.. where be my gold? (pirate voice) Link to comment Share on other sites More sharing options...
azazel Posted May 6, 2008 Report Share Posted May 6, 2008 Jim seems to think the bottom is in for gold for now. He says that gold will take out $1024 on the third try. Does this mean a correction once we get to $1024 again and if so, how much of a correction? Link to comment Share on other sites More sharing options...
Steve Netwriter Posted May 7, 2008 Report Share Posted May 7, 2008 Bloomberg headline: Fannie Mae Has $2.19 Billion Loss; Shares Rise on Regulator's Capital Plan No more questions, some people are totally deluded. Buy gold. Link to comment Share on other sites More sharing options...
Steve Netwriter Posted May 7, 2008 Report Share Posted May 7, 2008 The New Zealand 6 monthly Reserve Bank Financial Stability Report http://www.rbnz.govt.nz/finstab/fsreport/3311557.pdf is just out. Like all official reports it uses the usual coded careful language, but usually contains interesting detail. For example, this chart: Link to comment Share on other sites More sharing options...
drbubb Posted May 7, 2008 Report Share Posted May 7, 2008 The New Zealand 6 monthly Hmm. Looks like NZ led the US over that period. I cannot think why... Link to comment Share on other sites More sharing options...
Steve Netwriter Posted May 7, 2008 Report Share Posted May 7, 2008 I think NZ is small and gets knocked around easily. Specially after the massive debt spend ! I've just found this chart in the same report. Interesting. Link to comment Share on other sites More sharing options...
ologhai Posted May 7, 2008 Report Share Posted May 7, 2008 A Silver Coating in the Fight Against Microbes "A new technique in paint making could soon make almost any surface germfree. Researchers have made paint that is embedded with silver nanoparticles known for their ability to kill bacteria and other microbes, in the hope that hospitals will coat their walls and countertops to fight infection." Article in Scientific American. Link to comment Share on other sites More sharing options...
Bobsta Posted May 7, 2008 Report Share Posted May 7, 2008 "A new technique in paint making could soon make almost any surface germfree. Researchers have made paint that is embedded with silver nanoparticles known for their ability to kill bacteria and other microbes, in the hope that hospitals will coat their walls and countertops to fight infection." Forgive me for being over-simplistic. But that's got to require a lot of silver, surely?! Link to comment Share on other sites More sharing options...
G0ldfinger Posted May 7, 2008 Author Report Share Posted May 7, 2008 ... I've just found this chart in the same report. Interesting. ... Great charts Steve, thanks. Seems from the LIBOR OIS that the crisis just not wants to go away. Paul Volcker -- "mother of alll financial crises". Astonishing how well it is managed so far. Has also much to do with the fact that people just don't understand and carry on as usual. It needs a lot of time to feed through. Link to comment Share on other sites More sharing options...
harold bishop Posted May 7, 2008 Report Share Posted May 7, 2008 A Silver Coating in the Fight Against Microbes "A new technique in paint making could soon make almost any surface germfree. Researchers have made paint that is embedded with silver nanoparticles known for their ability to kill bacteria and other microbes, in the hope that hospitals will coat their walls and countertops to fight infection." Article in Scientific American. The Romans put silver in their drinking water storage tanks for the same reason. Some domestic water filters are silver impregnated activated carbon. silver nano technology is the next step. Could be interesting. You may paint the hospital walls with the stuff but you still have to get the doctors to wash their hands. Link to comment Share on other sites More sharing options...
Steve Netwriter Posted May 7, 2008 Report Share Posted May 7, 2008 A Silver Coating in the Fight Against Microbes "A new technique in paint making could soon make almost any surface germfree. Researchers have made paint that is embedded with silver nanoparticles known for their ability to kill bacteria and other microbes, in the hope that hospitals will coat their walls and countertops to fight infection." Article in Scientific American. Fascinating, interesting for silver, but also rather worrying. Do Nanoparticles in Food Pose a Health Risk? http://www.sciam.com/article.cfm?id=do-nan...ose-health-risk :blink: Link to comment Share on other sites More sharing options...
dst Posted May 7, 2008 Report Share Posted May 7, 2008 Might of been mentioned before, but my laptop has silver particles embedded in the keyboard to stop bacteria build up. Link to comment Share on other sites More sharing options...
Steve Netwriter Posted May 7, 2008 Report Share Posted May 7, 2008 The dangers of silver nano particles. Exhibit 1: Link to comment Share on other sites More sharing options...
Johan van der Smut Posted May 7, 2008 Report Share Posted May 7, 2008 David Cameron has just been mocking Brown's "financial genius" at PMQs. "This is the man who sold gold at the bottom of the market." So, will gold become a mainstream topic, I wonder? Link to comment Share on other sites More sharing options...
Justin Thyme Posted May 7, 2008 Report Share Posted May 7, 2008 David Cameron has just been mocking Brown's "financial genius" at PMQs. "This is the man who sold gold at the bottom of the market." So, will gold become a mainstream topic, I wonder? I suspect not until it manages to hold above $1000/oz . . . Even then, it's not something that tends to affect people's daily lives in the way the price of oil does. People don't really need to understand the fundamentals behind oil's rise - all they know is it's ridiculously expensive to fill the Mondeo. Can't see the Sun running a "Remedial Precious Metals 101" spread next to Keeley Hazell's rack somehow Link to comment Share on other sites More sharing options...
ologhai Posted May 7, 2008 Report Share Posted May 7, 2008 I think I'm losing my faith... I'm in danger of selling up and going back to 5% savings accounts! Link to comment Share on other sites More sharing options...
drminky Posted May 7, 2008 Report Share Posted May 7, 2008 I think I'm losing my faith... I'm in danger of selling up and going back to 5% savings accounts! When even the faithful start to despair, that's usually a sign we are near the bottom! http://quotes.ino.com/chart/?s=NYBOT_DX&am...p;t=l&a=100 Going by the usual script, the $US run shouldn't have too much legs left in it, it usually kisses the 100dma before failing and falling to lower lows. Now that the cutting cycle appears to be coming to an end, we may not see such rapid declines in the dollar and gains gold for a little while, but remember, even according to the US govts own cooked statistics, we are still in negative real interest rates. Personally, my gut feeling is that we've probably seen the low of this correction, but not for the last time. We've almost but not quite washed all the speculative excesses out. So I think there'll be a bit of a bounce into the mid 900s perhaps, some consolidation for a couple of months and a retest of the lows toward the end of the summer before finally hitting the trigger level and taking off again.. This is a great time to be accumulating beaten down mining stocks IMO Link to comment Share on other sites More sharing options...
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