drbubb Posted July 19, 2008 Report Share Posted July 19, 2008 WORTH a look: especially for Beginners MarketClub's animated Gold technical lecture http://broadcast.ino.com/education/gold_cl..._pattern/?we711 "The market really wants to move higher... $1,020, possibly higher" - Adam Hewson Link to comment Share on other sites More sharing options...
bitbigt Posted July 19, 2008 Report Share Posted July 19, 2008 My feeling is that, as per cgnao's other thread, we're seeing a bit of a dead cat bounce in world stockmarkets: - Citi losses not as bad as feared - Various other data not as bad as feared - Freddie and Fannie looking to secure their own funding (previously prevented by SEC ruling) - Big bull runs the last two days on Wall St and London - Evidence of carry trade re-igniting - Gold & Silver down Couldn't agree more Bobsta! ...And even with this temporary bounce/confidence in stock markets [which is only bluechips, not BRICS or AIM!!], and despite PPT actions, the gold price is demonstrating a very strong 550 floor. This is very bullish for gold. Furthermore, as I and others mentioned in last few days, it also looks like oil money e.g., Soros) is now moving into gold. So the 800's are now a thing of the past, 900's will be with us for a while longer (weeks), and then its into 4 digits! Regarding silver, I think it will mirror gold (or do better), so yesterday's drop will probably be cancelled out in new day or two. I don't see any other major pullbacks. Link to comment Share on other sites More sharing options...
Bobsta Posted July 19, 2008 Report Share Posted July 19, 2008 WORTH a look: especially for Beginners MarketClub's animated Gold technical lecture http://broadcast.ino.com/education/gold_cl..._pattern/?we711 "The market really wants to move higher... $1,020, possibly higher" - Adam Hewson Yeah, I watched that when it was first released - thought it was pretty good. It's definitely worth noting that it was recorded before the push from $920s that we've seen in the last 7-8 trading days though. Link to comment Share on other sites More sharing options...
wren Posted July 19, 2008 Report Share Posted July 19, 2008 Especially for any silver guys who might be feeling a bit beat up, here is the delectable Edith Piaf singing, what else? but "Non, Je Ne Regrette Rien". Link to comment Share on other sites More sharing options...
GTG Posted July 19, 2008 Report Share Posted July 19, 2008 I said this website was good ages ago, and then I forgot about it So I have now subscribed, because.............it's brilliant. An example: Who is to blame for surging food and oil prices? http://cij.inspiriting.com/?p=455 WORTH a look: especially for Beginners MarketClub's animated Gold technical lecture http://broadcast.ino.com/education/gold_cl..._pattern/?we711 "The market really wants to move higher... $1,020, possibly higher" - Adam Hewson Thanks guys, two excellent pointers for educational resources for us novices which just exemplifies why GEI is such a great web site. It's at times like these that I appreciate having been born in the developed world where resources like these are at our finger tips and free to boot. Link to comment Share on other sites More sharing options...
marmite Posted July 19, 2008 Report Share Posted July 19, 2008 WORTH a look: especially for Beginners MarketClub's animated Gold technical lecture http://broadcast.ino.com/education/gold_cl..._pattern/?we711 "The market really wants to move higher... $1,020, possibly higher" - Adam Hewson Excellent video, thanks Can we subscribe to these videos ?? Link to comment Share on other sites More sharing options...
GTG Posted July 20, 2008 Report Share Posted July 20, 2008 Excellent video, thanks Can we subscribe to these videos ?? You can subscribe to receive emails when new videos or articles are posted up on the site. Link to comment Share on other sites More sharing options...
Gatesy Posted July 20, 2008 Report Share Posted July 20, 2008 This is also 'interesting' Why the Mania Phase in Gold May Be Upon Us By Jeff Clark 18 Jul 2008 http://www.resourceinvestor.com/pebble.asp?relid=44533 Haven't read that article yet, but this one was in the Independent today, around about page 5 with big pitcure of gold bars at the top.... Shallow but visible articles creeping into the mainstream (well, if you call the independent mainstream...) http://www.independent.co.uk/news/uk/this-...ble-872392.html Link to comment Share on other sites More sharing options...
headmelter Posted July 20, 2008 Report Share Posted July 20, 2008 Haven't read that article yet, but this one was in the Independent today, around about page 5 with big pitcure of gold bars at the top.... Shallow but visible articles creeping into the mainstream (well, if you call the independent mainstream...) http://www.independent.co.uk/news/uk/this-...ble-872392.html "Last year saw an 81 per cent increase in UK investment in gold coins, taking the amount bought to 4.5 tons." "New figures from BullionVault reveal the amount of gold bars purchased through them has doubled in the past year to 7.5 tons, more than half of which is owned by British clients." So gold is becoming more popular. Roughly a $300 increase per ounce in 12 months. With the amount of bad news in the media at the minute what will it need to take gold to the next level? Link to comment Share on other sites More sharing options...
Steve Netwriter Posted July 21, 2008 Report Share Posted July 21, 2008 Haven't read that article yet, but this one was in the Independent today, around about page 5 with big pitcure of gold bars at the top.... Shallow but visible articles creeping into the mainstream (well, if you call the independent mainstream...) http://www.independent.co.uk/news/uk/this-...ble-872392.html Interesting. I think just the start. I'm sure we on here can get a very wrong idea of how much perception of gold there is generally, just because most people on here talk about it. Link to comment Share on other sites More sharing options...
TinBrick Posted July 21, 2008 Report Share Posted July 21, 2008 George Soros--Croesus was told--has covered much of his shorts in financial stocks. Why chance another public policy move by regulators to shut off this automatic feeding trough? Soros finally shorted oil at $137 a barrel and put on a long position in gold; he expects to see gold hold its ground even if oil continues to decline. Soros sells oil to buy gold - Forbes report FWIW, this has been mirrored by Mark Shipman, who opened a long gold position last week (Jul 14) and this week closed his long oil position. Mark Shipman's investment diary Link to comment Share on other sites More sharing options...
romans holiday Posted July 21, 2008 Report Share Posted July 21, 2008 Gold May Benefit as Oil Falls http://online.wsj.com/article/SB1216585054...=googlenews_wsj I wonder if we are at the stage where we will see a lot of speculative money move from oil to gold. Link to comment Share on other sites More sharing options...
wren Posted July 21, 2008 Report Share Posted July 21, 2008 Interesting. I think just the start. I'm sure we on here can get a very wrong idea of how much perception of gold there is generally, just because most people on here talk about it. Last week at powerswitch.org.uk somebody (an STR) asked about GoldMoney. Most of the answers concerned gold (not GoldMoney specifically). Here's the thread: http://www.powerswitch.org.uk/forum/viewto...&highlight= Most were against gold, some vehemently so. One is moderately positive and knows something of the subject. (I haven't posted in that thread, by the way.) That is a peak oil site. So, not exactly Joe Public and I know that plenty of American peak oilers favour gold and silver at least to some extent. Joe Public is still pretty well oblivious to gold IMO. Link to comment Share on other sites More sharing options...
romans holiday Posted July 21, 2008 Report Share Posted July 21, 2008 Last week at powerswitch.org.uk somebody (an STR) asked about GoldMoney. Most of the answers concerned gold (not GoldMoney specifically). Here's the thread: http://www.powerswitch.org.uk/forum/viewto...&highlight= Most were against gold, some vehemently so. One is moderately positive and knows something of the subject. (I haven't posted in that thread, by the way.) That is a peak oil site. So, not exactly Joe Public and I know that plenty of American peak oilers favour gold and silver at least to some extent. Joe Public is still pretty well oblivious to gold IMO. Reading that thread, I suspect those critical of gold are naive about fiat money. I think gold only really begins to grab a person's imagination once they have "seen through" paper money. Link to comment Share on other sites More sharing options...
Steve Netwriter Posted July 21, 2008 Report Share Posted July 21, 2008 Most were against gold, some vehemently so. Now that's an interesting point. Why ?! Do you see people slagging off people who buy gas shares ? Isn't it odd that people are so strongly anti-gold. I mean, those who buy gold are just buying an inert lump of metal. What's so objectionable about that ?! Link to comment Share on other sites More sharing options...
Justin Thyme Posted July 21, 2008 Report Share Posted July 21, 2008 Joe Public is still pretty well oblivious to gold IMO. No argument there and I think it's likely to remain that way for some time. Not like property where a punt got you an asset you could chuck in some floorboards and a nice kitchen where the sofa should be or like the dotcom boom where the ramp benefitted the equity market with the establishment's full blessing. The PPT's influence may well wane as the dollar crumbles but there's enough clout left to keep Joe off the gold trail. Link to comment Share on other sites More sharing options...
Steve Netwriter Posted July 21, 2008 Report Share Posted July 21, 2008 Crashes, bangs and wallops By Richard Lambert Published: July 18 2008 20:20 | Last updated: July 18 2008 20:20 “Each separate panic has had its own distinctive features, but all have resembled each other in occurring immediately after a period of apparent prosperity, the hollowness of which it has exposed. So uniform is this sequence, that whenever we find ourselves under circumstances that enable the acquisition of rapid fortunes, otherwise than by the road of plodding industry, we may almost be justified in auguring that the time for panic is at hand.” That could have been said yesterday. In fact it was written in 1859, in a history of the commercial crisis of 1857-58. Financial shocks all feel different, but most of them are pretty much the same. http://www.ft.com/cms/s/0/3cc7b1b2-52f2-11...?nclick_check=1 Link to comment Share on other sites More sharing options...
wren Posted July 21, 2008 Report Share Posted July 21, 2008 Now that's an interesting point. Why ?! Do you see people slagging off people who buy gas shares ? Isn't it odd that people are so strongly anti-gold. I mean, those who buy gold are just buying an inert lump of metal. What's so objectionable about that ?! I think people don't really understand gold. Like romans holiday said you need to learn about the nature of fiat currency to have a chance of understanding it. But like so often at HousePriceMuppets the emotional responses are, well, emotional and not rational. The guy who put the big stop sign mentioned that the gold price is volatile and not suitable for short-term investment. Well, of course, it's volatile but the STR wisely does not want to wait 2 or 3 years (that's more medium term IMO) simply holding cash. I'm tempted to post there. Maybe the graph of house prices in gold ounces. I have a suspicion that the STR is from hpc. Link to comment Share on other sites More sharing options...
romans holiday Posted July 21, 2008 Report Share Posted July 21, 2008 The PPT are my new best invisible friends. Without them I could not afford to buy gold. I expect once the speculative money moves from oil to gold and the monetary function of gold is rediscovered by Joe Public, the PPT will be powerless to suppress it any further. Yet, this all may take some time to work out. The more the better in my book. Link to comment Share on other sites More sharing options...
warpig Posted July 21, 2008 Report Share Posted July 21, 2008 I would love to see my old friend 870 again... Come back all is forgiven... Link to comment Share on other sites More sharing options...
headmelter Posted July 21, 2008 Report Share Posted July 21, 2008 I would love to see my old friend 870 again... Come back all is forgiven... 920 a much more recent aquaintance would be nice to bump into again. Link to comment Share on other sites More sharing options...
drminky Posted July 21, 2008 Report Share Posted July 21, 2008 Honestly, I am loving the PPT and their manipulations right now. I made a nice little profit shorting the financials, even if i did close the position a couple of days early. Its brilliant being given the opportunity to have another go handed to you on a plate! Link to comment Share on other sites More sharing options...
Compounded Posted July 21, 2008 Report Share Posted July 21, 2008 I think people don't really understand gold. Like romans holiday said you need to learn about the nature of fiat currency to have a chance of understanding it. Definately true in my case. I also found that learning about the nature of fiat currency is not intuitive but takes time energy and effort. I suspect few will learn in time. Link to comment Share on other sites More sharing options...
ziknik Posted July 21, 2008 Report Share Posted July 21, 2008 Friends Provident have got a precious metals pension fund. Does anyone know anything about this fund? I’m planning to put some money in, but it’s not showing on my list of funds. I’ve sent an email to FP to find out when it is available. http://uk.reuters.com/article/fundsNews/id...dName=fundsNews LONDON (Reuters) - Friends Provident (FP.L: Quote, Profile, Research) will offer a precious metals fund to retail investors looking for protection against inflation and financial market turmoil, the company said on Monday. The fund, managed by U.S.-based Castlestone Management, only holds physical gold, silver and platinum. Half of the fund, the Aliquot Precious Metals fund, is invested in gold, 30 percent in platinum and the remaining 20 percent in silver. "Precious metals continue to offer investors the best safeguard and insurance against the real risks of inflation and the increasing geopolitical and financial risks existing today," said Angus Murray, founder of Castlestone Management. Castlestone said investors will be able to lease out the metals, held in vaults in London and Zurich, and use any income to offset the costs of investing. The lease income for platinum this year has been above 5 percent, it added. The fund rose more than 15 percent in the first half of 2008. Link to comment Share on other sites More sharing options...
ziknik Posted July 21, 2008 Report Share Posted July 21, 2008 I’ve found the website http://www.castlestonemanagement.com/fund-...n.php?fund_id=1 Aliquot Precious Metals Aliquot Precious Metals is an open-ended mutual fund that owns physical Gold Bullion, Silver and Platinum. The Aliquot Precious Metals Portfolio provides a hedge against inflation and insurance against political risk, religious conflicts and unstable markets. The Fund does not use equities, futures, options, warrants, or leverage. Custody is provided by HSBC Bank USA. There is a factsheet http://www.castlestonemanagement.com/pdfs/...s-Factsheet.pdf And a presentation with some precious metal investment graphs http://www.castlestonemanagement.com/pdfs/...esentations.pdf Link to comment Share on other sites More sharing options...
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