alexreeve Posted December 23, 2008 Report Share Posted December 23, 2008 Thought the CBs were going to be net buyers going forwards? ECB-Gold reserves down by 125 mln euros in wk Link to comment Share on other sites More sharing options...
wren Posted December 23, 2008 Report Share Posted December 23, 2008 Thought the CBs were going to be net buyers going forwards? ECB-Gold reserves down by 125 mln euros in wk Gold and gold receivables held by euro zone central banks fell 125 million euros to 219.824 billion euros in the week ending Dec. 19 €125 million isn't very much though. Maybe Spain or somebody needs the readies. Link to comment Share on other sites More sharing options...
electroweak Posted December 23, 2008 Report Share Posted December 23, 2008 Guessing the ECB were up to their old 16h30 tricks; push gold from EUR604 to EUR597. So blatant at 4:30pm. Wonder how much that just cost them... Hopefully, they disgorged some physical which will never return. Link to comment Share on other sites More sharing options...
alexreeve Posted December 23, 2008 Report Share Posted December 23, 2008 €125 million isn't very much though. Maybe Spain or somebody needs the readies. It doesn't look much now we're all inured to talk of trillions, but it is quite a lot in one week really. Edit to say maybe not a lot, but certainly a significant amount. Link to comment Share on other sites More sharing options...
wren Posted December 23, 2008 Report Share Posted December 23, 2008 It doesn't look much now we're all inured to talk of trillions, but it is quite a lot in one week really. Edit to say maybe not a lot, but certainly a significant amount. Taking about €600 per ounce that's 208 333 ounces (about half of what BV holds today). Times 52 for a whole year comes to about 10.83 million ounces. That wouldn't be very much for the whole Eurozone in one year - what's the population there? about 320 million or so? Link to comment Share on other sites More sharing options...
plan9 Posted December 24, 2008 Report Share Posted December 24, 2008 Cheers for the positive comments about my redundancy guys! I planned for the possibility, so should be OK for now. It shouldn't be a shock I know, but it's a shame to break up a good team. Ho hum. (And sorry for posting off topic in this thread) Link to comment Share on other sites More sharing options...
warpig Posted December 24, 2008 Report Share Posted December 24, 2008 Gold up to new highs in GBP today, £577 and rising as we speak. Hopefully there will be more of this next year! Link to comment Share on other sites More sharing options...
electroweak Posted December 24, 2008 Report Share Posted December 24, 2008 http://apps.facebook.com/ilike/artist/Rita...k/All+Time+High (in GBP..) Link to comment Share on other sites More sharing options...
Pluto Posted December 24, 2008 Report Share Posted December 24, 2008 +++GOLD CELEBRATES CHRISTMAS IN THE UK WITH ANOTHER ALL TIME HIGH +++ Pound is toast, this just reinforces it. Link to comment Share on other sites More sharing options...
G0ldfinger Posted December 24, 2008 Author Report Share Posted December 24, 2008 As we are writing, the average UK house price in ounces of gold is: £158,442 / £575.70/oz = 275 oz. As predicted on here many times before, UK home owners are now experiencing a double whammy of house prices falling off a cliff while their currency is going down the toilet. Link to comment Share on other sites More sharing options...
HPCSucks Posted December 24, 2008 Report Share Posted December 24, 2008 Can anyone recall, but didn't Jim S predict that the gold price would be $1,200 by the end of this year? Link to comment Share on other sites More sharing options...
lowrentyieldmakessense(honest!) Posted December 24, 2008 Report Share Posted December 24, 2008 As we are writing, the average UK house price in ounces of gold is: £158,442 / £575.70/oz = 275 oz. As predicted on here many times before, UK home owners are now experiencing a double whammy of house prices falling off a cliff while their currency is going down the toilet. hmm heading below 50oz this time methinks Link to comment Share on other sites More sharing options...
G0ldfinger Posted December 24, 2008 Author Report Share Posted December 24, 2008 Can anyone recall, but didn't Jim S predict that the gold price would be $1,200 by the end of this year? I think that was James Turk. Link to comment Share on other sites More sharing options...
enrieb Posted December 24, 2008 Report Share Posted December 24, 2008 Realist Bear had this prediction! 24/10/08 RB Gold will be sub $300 by the end of the year. Link to comment Share on other sites More sharing options...
warpig Posted December 24, 2008 Report Share Posted December 24, 2008 HPC = blind leading the blind. Realist Bear had this prediction! 24/10/08 RB Gold will be sub $300 by the end of the year. Link to comment Share on other sites More sharing options...
G0ldfinger Posted December 24, 2008 Author Report Share Posted December 24, 2008 http://gold.approximity.com/since1985/Gold_GBP.html Link to comment Share on other sites More sharing options...
warpig Posted December 25, 2008 Report Share Posted December 25, 2008 Aren't the Sydney, Hong kong and New York markets closed for Christmas? If so what's going on with gold, where is this being traded on Christmas day? Silver flat lined as expected and so did gold but it's off again... Am I missing something? Link to comment Share on other sites More sharing options...
azazel Posted December 25, 2008 Report Share Posted December 25, 2008 Can anyone recall, but didn't Jim S predict that the gold price would be $1,200 by the end of this year? Yes he did but he said that it will be delayed for three months. So based on that he thinks that $1200 by end of March 2009, although he has not said this recently. I guess its very difficult to put a time on these things. Link to comment Share on other sites More sharing options...
G0ldfinger Posted December 25, 2008 Author Report Share Posted December 25, 2008 Realist Bear had this prediction! 24/10/08 RB Gold will be sub $300 by the end of the year. Was he under the assumption that they would be able to produce infinite cheap amounts of gold at CERN by the end of the year? :lol: Link to comment Share on other sites More sharing options...
nicejim Posted December 25, 2008 Report Share Posted December 25, 2008 Happy Christmas from the FT! http://www.ft.com/cms/s/0/9e9da2fa-cdba-11...?nclick_check=1 Gold fell 2.5 per cent to $8369.40 a troy ounce on Friday, under pressure from a recovery in the dollar Some thoughts on gold from the readers of fool.co.uk: http://www.fool.co.uk/news/your-money/savi...ings-rates.aspx o Ah, but how do you know there is real gold [at bullionvault], all reserved and marked as yours, and not a big, fat FRAUD? o Please go back to the beginning of this reply and read it again. No bullionvault, OK? Nor anything like it! Bullionvault, indeed! o Oh, and rest assured I don't fancy bullion! The wall of worry hasn't even been built yet! Link to comment Share on other sites More sharing options...
Pixel8r Posted December 25, 2008 Report Share Posted December 25, 2008 Happy Christmas all, here's some Christmas cheer for all gold investors. GoldDrivers 2009 – Extraordinary bullish outlook for gold Dollar topping out Physical demand skyrocketing Supply chain shutting down COMEX Gold Manipulation exposed Gold shares on the move again by Eric Hommelberg December 23, 2008 It sure has been a brutal year for gold and its shares and many may wonder if the $1030 top clocked in March 2008 marked the top for the gold bull market that started in April 2001. Despite the fact that many analysts want you to believe that gold has failed to act as a true safe haven this year and that gold will find itself in another bear market for years to come gold's critical drivers have never been stronger than as they are today. Let's face it, physical demand for gold broke record highs in Q2 this year followed by an explosion towards new record highs in Q3 with dollar demand for gold exploding by 45% compared to Q2. Against this explosion of physical demand we're witnessing a dramatic decline of new gold discoveries which will force the mine output down for years to come. The junior gold exploration sector is bleeding to death due to its inability to secure the financings necessary in order to advance their exploration projects. Please remember that the supply chain for gold starts with the junior gold exploration sector, 75% of all discoveries are made by juniors. Simple 101 economics teaches us that falling supply against skyrocketing demand will force prices higher. Link to comment Share on other sites More sharing options...
sid Posted December 25, 2008 Report Share Posted December 25, 2008 Russia to grow gold reserves 513 tonnes, coal 58 mln tonnes in 2008 11:22 GMT, Dec 25, 2008 MOSCOW. Dec 25 (Interfax) - Russia will grow its geological gold, silver and coal reserves by respectively 513 tonnes, 2,080 tonnes and 58 million tonnes in 2008, Natural Resources Minister Yury Trutnev told reporters. http://www.interfax.com/3/458272/news.aspx Russians knows whats coming! Happy Christmas Link to comment Share on other sites More sharing options...
frizzers Posted December 26, 2008 Report Share Posted December 26, 2008 As we are writing, the average UK house price in ounces of gold is: £158,442 / £575.70/oz = 275 oz. As predicted on here many times before, UK home owners are now experiencing a double whammy of house prices falling off a cliff while their currency is going down the toilet. What's your tagrget GF? 50 oounces? And what's your target for London HPs in OOG? Currently Nov 08 Average Cost: £382,951 Detached: £778,868 Semi-detached: £416,499 Terraced: £417,058 Flat: £315,339 Gold at c £575 per ounce Average Cost: £382,951 = 666 ounces Detached: £778,868 = 1350 oounces Semi-detached: £416,499 = 723 ounces Terraced: £417,058 = 725 ounces Flat: £315,339 = 547 ounces Still got a long way to drop imo 100 ounces not impossible from here. I think I had 200 as a target once upon a time. But 100 ounces from 666 now . That makes gold in London houses from here still a potential 6 1/2- bagger. Ouch Link to comment Share on other sites More sharing options...
electroweak Posted December 26, 2008 Report Share Posted December 26, 2008 Gold up >$20 .. eh? Has someone started WW3? Link to comment Share on other sites More sharing options...
stevecook172001 Posted December 26, 2008 Report Share Posted December 26, 2008 Gold up >$20 .. eh? Has someone started WW3? WTF just happened to gold!!!! Link to comment Share on other sites More sharing options...
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