Errol Posted January 8, 2012 Report Share Posted January 8, 2012 http://www.numbersleuth.org/worlds-gold/ Link to comment Share on other sites More sharing options...
G0ldfinger Posted January 9, 2012 Author Report Share Posted January 9, 2012 EUR-gold. Holding up pretty well. €1,200 seems to be strong "support". http://gold.approximity.com/since2006/Gold_EUR.html Link to comment Share on other sites More sharing options...
G0ldfinger Posted January 9, 2012 Author Report Share Posted January 9, 2012 Gold in Chinese Yuan. CNY 10,000 seems to be "support". http://gold.approximity.com/since2006/Gold_CNY.html Link to comment Share on other sites More sharing options...
azazel Posted January 9, 2012 Report Share Posted January 9, 2012 Nice charts Goldfinger. I was reading your comments at the start of the gold thread over at HPC. I wonder what your thoughts are today on this post of yours back in march 2007. "I would not sell below USD 1200, which is in my opinion the equilibrium price today. But I expect it to go much higher, since markets are not rational. Just look at house prices - another case where it's difficult to call the max. Inflation adjusted maximum prices for gold in 1980 were around USD 2000/ GBP 900 per ounce. That might give you an idea. Gold would have to triple from where it is now. But 1980 was not Armageddon." http://www.housepricecrash.co.uk/forum/index.php?showtopic=43821&st=15 BTW, your in box is full. Link to comment Share on other sites More sharing options...
G0ldfinger Posted January 9, 2012 Author Report Share Posted January 9, 2012 Nice charts Goldfinger. I was reading your comments at the start of the gold thread over at HPC. I wonder what your thoughts are today on this post of yours back in march 2007. "I would not sell below USD 1200, which is in my opinion the equilibrium price today. But I expect it to go much higher, since markets are not rational. Just look at house prices - another case where it's difficult to call the max. Inflation adjusted maximum prices for gold in 1980 were around USD 2000/ GBP 900 per ounce. That might give you an idea. Gold would have to triple from where it is now. But 1980 was not Armageddon." http://www.housepricecrash.co.uk/forum/index.php?showtopic=43821&st=15 BTW, your in box is full. My thoughts are that they have really moved the goal posts by printing shed loads of money. Just look at how the Fed's balance sheet has changed since then, e.g. take the $1,200 and multiply with the factor the balance sheet of the Fed has increased since then (where would we be, $3,000?). Then try to figure how it WILL change from here... I also paid less attention to money supply and velocity at the time. Had I done so, I'd most likely not called $1,200 an equilibrium (I was a little too much influenced by van Eeden's model back then). Also note that I used government CPI in that statement. I am still on a learning curve, and was all that time, like hopefully everyone. That possibly explains why I was more happy to write about much higher potential gold prices over time, when I moved my focus more to the monetary models for the gold price. As for the overshooting part, yes, I think this will happen again. It's most likely going to be maniac, so we haven't seen any of this yet. Link to comment Share on other sites More sharing options...
azazel Posted January 9, 2012 Report Share Posted January 9, 2012 My thoughts are that they have really moved the goal posts by printing shed loads of money. Just look at how the Fed's balance sheet has changed since then, e.g. take the $1,200 and multiply with the factor the balance sheet of the Fed has increased since then (where would we be, $3,000?). Then try to figure how it WILL change from here... I also paid less attention to money supply and velocity at the time. Had I done so, I'd most likely not called $1,200 an equilibrium (I was a little too much influenced by van Eeden's model back then). Also note that I used government CPI in that statement. I am still on a learning curve, and was all that time, like hopefully everyone. That possibly explains why I was more happy to write about much higher potential gold prices over time, when I moved my focus more to the monetary models for the gold price. As for the overshooting part, yes, I think this will happen again. It's most likely going to be maniac, so we haven't seen any of this yet. Thanks, I thought this would be your view, but its nice to hear it and Im sure others will agree. Link to comment Share on other sites More sharing options...
G0ldfinger Posted January 10, 2012 Author Report Share Posted January 10, 2012 Hey guys, which one is the 5 million oz gold, $200 million cash late-stage developer at $100 million market cap that Jim Puplava recently referred to in his interview with John Ing? Link to comment Share on other sites More sharing options...
James Posted January 10, 2012 Report Share Posted January 10, 2012 Hey guys, which one is the 5 million oz gold, $200 million cash late-stage developer at $100 million market cap that Jim Puplava recently referred to in his interview with John Ing? Hi GF, Seen discussed elsewhere, best guess - Keegan Resources Inc? Hope this helps. Link to comment Share on other sites More sharing options...
G0ldfinger Posted January 10, 2012 Author Report Share Posted January 10, 2012 Hi GF, Seen discussed elsewhere, best guess - Keegan Resources Inc? Hope this helps. Hmm, I thought he had said $100M market cap, while Keegan have $300M at the moment. But I have no better guess myself really. BTW, I wanted to start a thread on completely unhedged, debt-free, but dividend paying producers/developers. Are there any pure gold or silver plays anyhow that tick all these boxes? I don't mean royalties/streamers, because they have counterparty risk too. Anyway, just an idea. Link to comment Share on other sites More sharing options...
romans holiday Posted January 11, 2012 Report Share Posted January 11, 2012 What d'ya know... gold back through 1650. 4th time lucky. Link to comment Share on other sites More sharing options...
G0ldfinger Posted January 11, 2012 Author Report Share Posted January 11, 2012 http://www.bloomberg.com/news/2012-01-11/china-s-gold-imports-from-hong-kong-climb-to-record-on-investment-demand.html China’s Gold Imports From Hong Kong Climb to Record on Investment Demand... China’s gold imports from Hong Kong surged to a record in November as consumers bought the metal before the Lunar New Year this month and investors sought to hedge against turmoil in financial markets. Link to comment Share on other sites More sharing options...
Oddjob Posted January 11, 2012 Report Share Posted January 11, 2012 Hmm, I thought he had said $100M market cap, while Keegan have $300M at the moment. But I have no better guess myself really. BTW, I wanted to start a thread on completely unhedged, debt-free, but dividend paying producers/developers. Are there any pure gold or silver plays anyhow that tick all these boxes? I don't mean royalties/streamers, because they have counterparty risk too. Anyway, just an idea. I listened to this one too.. He said mkt cap was $300m, Cash in bank was $200m. He mentioned that you'd be buying the 5m oz for $100m.. Its Keegan alright. They need at least$500m to get into production and their properties are in Africa. Link to comment Share on other sites More sharing options...
G0ldfinger Posted January 11, 2012 Author Report Share Posted January 11, 2012 I listened to this one too.. He said mkt cap was $300m, Cash in bank was $200m. He mentioned that you'd be buying the 5m oz for $100m.. Its Keegan alright. Agreed. My mistake. They need at least$500m to get into production and their properties are in Africa. Yes, what Puplava said sounded a little like a "Milchmädchenrechnung" to me. Link to comment Share on other sites More sharing options...
G0ldfinger Posted January 11, 2012 Author Report Share Posted January 11, 2012 Link to comment Share on other sites More sharing options...
Errol Posted January 12, 2012 Report Share Posted January 12, 2012 Richard Russell - Move into Gold: http://www.321gold.com/editorials/russell/russell011212.html Link to comment Share on other sites More sharing options...
geisaver Posted January 13, 2012 Report Share Posted January 13, 2012 BTW, I wanted to start a thread on completely unhedged, debt-free, but dividend paying producers/developers. Are there any pure gold or silver plays anyhow that tick all these boxes? I don't mean royalties/streamers, because they have counterparty risk too. Anyway, just an idea. Are you going to do the miner's thread in this section or is it buried somewhere else? Link to comment Share on other sites More sharing options...
Van Posted January 13, 2012 Report Share Posted January 13, 2012 I think Gold needs a small technical pullback around here, but longer term, we could see a rapid move back up to near the highs as the USD is at risk of reversing: http://www.thetechnicaltake.com/2012/01/13/dollar-bull-trend-likely-over/ Link to comment Share on other sites More sharing options...
G0ldfinger Posted January 13, 2012 Author Report Share Posted January 13, 2012 Thanks for mentioning Medusa. I have never had a closer look at them, but I will. I guess I should move some of this into a new thread? Link to comment Share on other sites More sharing options...
Metallic Posted January 15, 2012 Report Share Posted January 15, 2012 Technician John Bollinger: Gold Bull Market Has Ended From Financial Sense Newshour: From 07:00, any comments? Link to comment Share on other sites More sharing options...
Errol Posted January 15, 2012 Report Share Posted January 15, 2012 Talking nonsense. The gold action looked nothing like a 'classic' top. Stopped listening at that point. Link to comment Share on other sites More sharing options...
50sQuiff Posted January 15, 2012 Report Share Posted January 15, 2012 Technician John Bollinger: Gold Bull Market Has Ended From Financial Sense Newshour: From 07:00, any comments? *shrug* Who knows? There's no real counter-argument to a point that says "the chart looks like X so the price will do Y". There's no rationality, reasoning or evidence behind it. I suspect such "technical analysis", that is really only a product of the last 40 years, will be discredited completely by the end of this financial crisis. They have managed to paint a pretty bearish-looking descending triangle on the charts though. I can't say I'm selling my gold and awaiting the coming bull market in banker paper with baited breath. Link to comment Share on other sites More sharing options...
G0ldfinger Posted January 15, 2012 Author Report Share Posted January 15, 2012 Technician John Bollinger: Gold Bull Market Has Ended ... From 07:00, any comments? That's what happens if you do some stats without using the brain. There's no real counter-argument to a point that says "the chart looks like X so the price will do Y". There's no rationality, reasoning or evidence behind it. His newest software even enables you to make up your own crudo. I suspect such "technical analysis", that is really only a product of the last 40 years, will be discredited completely by the end of this financial crisis. One would hope so. But somehow I fear there will always be people who believe in it, just like the Lizzard Men or similar. People want and tend to be irrational. It's the animal in us. It's hard to overcome. Link to comment Share on other sites More sharing options...
narco Posted January 15, 2012 Report Share Posted January 15, 2012 Technician John Bollinger: Gold Bull Market Has Ended He would have said exactly the same at the tops in 06 and 08 based on those technical signals. Link to comment Share on other sites More sharing options...
geisaver Posted January 17, 2012 Report Share Posted January 17, 2012 Is this because there had been an increase in investment metal? MUMBAI (Reuters) - India has changed the import duty on gold to two percent of value from the earlier flat 300 rupees per 10 grams, sending the shares of jewellery makers lower. The world's biggest importer of bullion has also altered silver import duty to six percent of value from the earlier 1,500 rupees per kilogram, the government said in a statement. Shares of Rajesh Exports (REXP.NS) fell nearly three percent after the announcement. http://uk.finance.yahoo.com/news/india-changes-import-duty-gold-084809110.html Link to comment Share on other sites More sharing options...
electroweak Posted January 17, 2012 Report Share Posted January 17, 2012 Gold is at an interesting point technically, with the 50/200 DMA about to cross, spot gold just leapt above both. Just 10 more dollars, it could explode upwards. Not over yet though, methinks. Link to comment Share on other sites More sharing options...
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