romans holiday Posted September 14, 2008 Report Share Posted September 14, 2008 You should always want to hold gold. Guess that means I am not true gold bug then. I just want to swap mine for a shack on the beach one day.... so I can go fishing for my evening meal. That is real wealth to me. Link to comment Share on other sites More sharing options...
Gatesy Posted September 14, 2008 Report Share Posted September 14, 2008 Damn it, I thought I'd invented something there. Still, no change for me, every time I thought I'd invented something new in research electronics I always found out IBM had done it in the 60's. Blast them all! Showing my (lack of) class, I once thought I'd invented the word 'crud' but then years later I heard Rambo say it in his first film. Link to comment Share on other sites More sharing options...
notanewmember Posted September 14, 2008 Report Share Posted September 14, 2008 Some dejected people asking questions on FSN this week - one lost 80-90% on his gold juniors,and questioning if the commodity bull run is over. Another invested since 2003 and dollar cost averaging has been "wiped out", he believes something has dramatically changed. Link to comment Share on other sites More sharing options...
CIGA Posted September 14, 2008 Report Share Posted September 14, 2008 Some dejected people asking questions on FSN this week - one lost 80-90% on his gold juniors,and questioning if the commodity bull run is over. Another invested since 2003 and dollar cost averaging has been "wiped out", he believes something has dramatically changed. Listened to first hour and 3a, leaving the rest for when i'm in the car.. out of interest what did jim have to say to these people? Link to comment Share on other sites More sharing options...
Dispassion Posted September 14, 2008 Report Share Posted September 14, 2008 BIG FREEZE coming? I reckon that there is a real chance that they will Freeze all of Lehman's derivatives trades tomorrow, and let the rest of the market continue. They they will look for a way to unfreeze trades as they are booked out. They will only do so, if a majority of banks have agreed to this solution You think the Fed and US treasury will set a precedent and let one of the big four fail? I've not been following this story but I think that there are emergency meetings expected to conclude before the Asian markets open today. I think they want to put pressure on the other banks to bail them out, I don't expect the banks to take this on completely but I'm expecting to see some news in the next few hours on it. Link to comment Share on other sites More sharing options...
safebetter Posted September 14, 2008 Report Share Posted September 14, 2008 Is this a good omen or not? Gold will shine after dark times This appeared on Friday, brought a smile to my face as even the media naysayers are calling the bottom Long and strong folks!!! SafeBetter Link to comment Share on other sites More sharing options...
wrongmove Posted September 14, 2008 Report Share Posted September 14, 2008 You think the Fed and US treasury will set a precedent and let one of the big four fail? I've not been following this story but I think that there are emergency meetings expected to conclude before the Asian markets open today. I think they want to put pressure on the other banks to bail them out, I don't expect the banks to take this on completely but I'm expecting to see some news in the next few hours on it. I think there is a limit to what they can do. At the moment, they are still containing the damage fairly well - money supply growth is 'holding up' despite apparent credit contraction is most sectors. i.e. SLS etc are plugging the gap. It has to move to "damage limitation" soon, and then just "damage". I'm looking forward to seeing how far the Fed (and other CBs) will take it. I still can't see them literally printing (rather than lending), but who knows. I'm pretty sure they must be running out of ammo, re F&F style bail outs. I believe the logic they say they are following is, bailouts are ok (though undesirable) if the trouble that caused the bailout is just panic (i.e. potentially curable), rather than due to deep underlying problems. Beats me how they decide is which is which though. Anyone heard any "soothing" announcements about Lehman? Below is non-"soothing" Barclays quits Lehman sale talks Link to comment Share on other sites More sharing options...
wrongmove Posted September 14, 2008 Report Share Posted September 14, 2008 Derivative traders open session to reduce Lehman risk Sun Sep 14, 2008 3:05pm EDT "NEW YORK (Reuters) - An emergency trading session has been opened between Wall Street dealers with Lehman Brothers counterparty risk, the International Swaps and Derivatives Association said Sunday. The session will run from 2 p.m. to 4 p.m. and will involve credit, equity, rates, foreign exchange and commodity derivatives, the ISDA said in a statement. The aim is to reduce risk associated with a potential bankruptcy filing by Lehman Brothers Holdings Inc. "Trades are contingent on a bankruptcy filing at or before 11.59 p.m. New York time Sunday," said the statement. "If there is no filing, the trades cease to exist." They may be letting this one go to the wall? Link to comment Share on other sites More sharing options...
Goldilocks Posted September 14, 2008 Report Share Posted September 14, 2008 Listened to first hour and 3a, leaving the rest for when i'm in the car.. out of interest what did jim have to say to these people? Quit whinging buy financials then Been having a nosey on ebay folks and 1 kilo silver sold for 530 quid 2nd sept 1 kilo silver buy it now for 485 quid today I oz krugger 475 quid today better hurry up and get yourselfs some phyical while its still cheap. Link to comment Share on other sites More sharing options...
Goldilocks Posted September 14, 2008 Report Share Posted September 14, 2008 They may be letting this one go to the wall? Soon be posting nice rocket pics again this week Link to comment Share on other sites More sharing options...
wrongmove Posted September 14, 2008 Report Share Posted September 14, 2008 Soon be posting nice rocket pics again this week Well, we'll see. I'm not sure that the kneejerk market reaction will be raised inflation expectations, but it should certainly be anti-dollar, I guess. Link to comment Share on other sites More sharing options...
wrongmove Posted September 14, 2008 Report Share Posted September 14, 2008 The dollar is being traded now. It's down, but not by much - nearly a cent on the euro. Not as dramatic as F&F night. Link to comment Share on other sites More sharing options...
jinbal Posted September 14, 2008 Report Share Posted September 14, 2008 USD/JPY gapped down 241 USD/CHF gapped down 100 GBP/JPY gapped down @330 same sort of thing happened last Sun - gaps were filled during the day Cheers Link to comment Share on other sites More sharing options...
azazel Posted September 14, 2008 Report Share Posted September 14, 2008 Quit whinging buy financials then Been having a nosey on ebay folks and 1 kilo silver sold for 530 quid 2nd sept 1 kilo silver buy it now for 485 quid today I oz krugger 475 quid today better hurry up and get yourselfs some phyical while its still cheap. Seems that money laundering crooks are prepared to pay more on ebay than a dealer that might pass on the details to the law. Thats my theory anyway. What about the 1kg gold bars for sale for £16,500? Can get them for £14,000 from dealer. Link to comment Share on other sites More sharing options...
HPCsoYESTERDAY Posted September 14, 2008 Report Share Posted September 14, 2008 Soon be posting nice rocket pics again this week yes, but........... paper price may fall given the bullsh1t market we find ourselves in at the mo - physical price should continue with its dis-connect The dollar is being traded now. It's down, but not by much - nearly a cent on the euro. Not as dramatic as F&F night. Still a lot of uncertainty out there - lehman bankruptcy is not a given yet: it's being reported as the most likely scenario unless I've missed some news in the last 30 mins Link to comment Share on other sites More sharing options...
lardoon Posted September 14, 2008 Report Share Posted September 14, 2008 yes, but........... paper price may fall given the bullsh1t market we find ourselves in at the mo - physical price should continue with its dis-connect Is Physical price (i.e Spot) not currently sitting very close to "Paper" price (ie nearby Futures contract)? Link to comment Share on other sites More sharing options...
wrongmove Posted September 14, 2008 Report Share Posted September 14, 2008 Still a lot of uncertainty out there - lehman bankruptcy is not a given yet: it's being reported as the most likely scenario unless I've missed some news in the last 30 mins I agree. I would be pretty wary of a last minute deal or bailout until firm confirmation was in. We do seem to be being softened up for a BK though. I wonder if the LSE will manage to get through tomorrow? Link to comment Share on other sites More sharing options...
HPCsoYESTERDAY Posted September 14, 2008 Report Share Posted September 14, 2008 Is Physical price (i.e Spot) not currently sitting very close to "Paper" price (ie nearby Futures contract)? please see post 818 however, I should of perhaps put more emphasis on silver in my penultimate post Link to comment Share on other sites More sharing options...
lardoon Posted September 14, 2008 Report Share Posted September 14, 2008 please see post 818 however, I should of perhaps put more emphasis on silver in my penultimate post post 818 refers to ebay?? I think spot and futures price are very close for Silver (ie no disconnect) Link to comment Share on other sites More sharing options...
HPCsoYESTERDAY Posted September 14, 2008 Report Share Posted September 14, 2008 post 818 refers to ebay?? I think spot and futures price are very close for Silver (ie no disconnect) I went into more detail on this on the 'watch silver' thread. Basically, if I sell coins, I use eBay where they are nearly getting double spot. paper prices are becoming more meaningless to me personally as each day goes by (applies to gold but to a lesser extent eg. krugs selling at £490 last week edit - and I'm sure I get some stick for this but as everyday goes by, kitco and coininvests silver inventory is decreasing. fact. Link to comment Share on other sites More sharing options...
wrongmove Posted September 14, 2008 Report Share Posted September 14, 2008 Dollar fall starting to gain momentum. If there is a BK, then it will be very interesting to see if gold and commodities diverge. I would have thought that a BK would send out a recessionary message, and a "dollar not good" message, so I would would guess that non dollar currencies (exc. Au for now) would rise, and stocks and commodities would fall. But gold also has safe haven status. But I am probably seriously oversimplifying. Link to comment Share on other sites More sharing options...
lardoon Posted September 14, 2008 Report Share Posted September 14, 2008 I went into more detail on this on the 'watch silver' thread. Basically, if I sell coins, I use eBay where they are nearly getting double spot. paper prices are becoming more meaningless to me personally as each day goes by (applies to gold but to a lesser extent eg. krugs selling at £490 last week edit - and I'm sure I get some stick for this but as everyday goes by, kitco and coininvests silver inventory is decreasing. fact. Interesting, so you are in effect selling the spread between kitco and ebay? What sort of volume do you achieve daily? Link to comment Share on other sites More sharing options...
HPCsoYESTERDAY Posted September 14, 2008 Report Share Posted September 14, 2008 Interesting, so you are in effect selling the spread between kitco and ebay? What sort of volume do you achieve daily? this conversation now goes to pm! no disrespect to any of the other posters here, but as it is an open forum where anyone can read, I like to keep some business to myself Link to comment Share on other sites More sharing options...
HPCsoYESTERDAY Posted September 14, 2008 Report Share Posted September 14, 2008 OK peeps, what do you make of this?! kitco now out of eagles, maples and phillies (silver) YET - to quote them: In order to reflect the current strong demand for Silver Maples and Silver Eagles, Kitco is temporarily increasing its current bid (buyback) price for these particular products. Please visit our Selling to Kitco page for more details. does anyone else see irony here Link to comment Share on other sites More sharing options...
warpig Posted September 14, 2008 Report Share Posted September 14, 2008 What's the general consensus, is every one buying a few ounces tonight? Link to comment Share on other sites More sharing options...
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