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It is beginning to look like a never ending quest for interest rate rises, we seem to be permanently between 18 months and three years away from that mythical 0.5 percent on the dollar.

 

It's indefinite.. or for as long as the Bond bubble lasts. The Fed will not raise rates voluntarily because they will never accept that the US has to take its short-term medicine, so we will stagger on with ZIRP and an increasingly unbalanced economy for many many years. Japan+.

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gdx and gdxj currently up around 7%. Could this be lift-off for gold stocks?

 

If so it has taken it's freaking time in coming!

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Gold, Silver may trade lower today: Angel Commodities

 

Published on Wed, Jan 25, 2012 at 19:15

 

Angel Commodities has come out with its report on international commodities. According to the research firm Gold and Silver are expected to trade lower today on account of a stronger dollar.

 

http://www.moneycontrol.com/news/brokerage-recos-commodities/gold-silver-may-trade-lower-today-angel-commodities_657128.html

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It's indefinite.. or for as long as the Bond bubble lasts. The Fed will not raise rates voluntarily because they will never accept that the US has to take its short-term medicine, so we will stagger on with ZIRP and an increasingly unbalanced economy for many many years. Japan+.

Yes, should be becoming obvious to all by now that the world is turning Japanese.... Zirp for years on end. A few had been arguing this from when the financial crisis first emerged.

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Yes, should be becoming obvious to all by now that the world is turning Japanese.... Zirp for years on end. A few had been arguing this from when the financial crisis first emerged.

Wrong conclusion IMHO. US is not Japan, and Japan might turn hyper soon as the older and older population spends savings. Suddenly, everyone will see that deflation in the face of monetization and ZIRP is a fool's dream, and the world will go hyper. Iranian crisis won't help with that either.

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i2iljp.png

looking good so far!!

 

below is the action in 1979 - 1980 see how closely POG has been following this pattern.

 

TBH this is the action prior to many parabolics.

 

for the unconvinced!!!

 

hrxx5z.jpg

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$200 in three weeks, pretty stunning stuff. My only concern is they're letting gold run to manage that perception that it's a 'risk' asset that only performs at the whim of the Fed. It wouldn't surprise me that if we get a Greek default in March and another 'deflation' scare that they'll take it down heavily.

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Governments and more tax:

 

Gold, silver to cost more; govt changes duties to net Rs 600 crore

 

NEW DELHI: Gold and silver will become costlier with the government on Tuesday tweaking the customs and excise duty structure on precious metals, a step which will make government richer by Rs 600 crore in the next two-and-half months itself.

 

As per the changes, customs and excise duty will now be levied on the value of the precious metals instead of a fixed amount, meaning that the incidence of duty will move up with the rise in prices of the goods. Ouch!

 

http://timesofindia.indiatimes.com/business/india-business/Gold-silver-to-cost-more-govt-changes-duties-to-net-Rs-600-crore/articleshow/11527332.cms

 

Polish govt approves controversial mining tax

 

Proposals for the tax put forward by Prime Minister Donald Tusk in November chopped about one-third off the market value of state-controlled KGHM, which is expected to report record earnings for 2011 thanks to high copper prices. Big Ouch!

 

The levy on copper and silver production will come into force in March if parliament gives final clearance.

 

http://af.reuters.com/article/commoditiesNews/idAFL6E8CH23K20120117

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Gold Bulls Ascendant on Biggest Rally Since ’80

 

 

Gold traders are bullish for a fourth consecutive week, betting that the Federal Reserve’s pledge to keep interest rates low until late 2014 will extend the metal’s best start to a year in more than three decades.

 

Nine of 15 surveyed by Bloomberg expect prices to gain next week. The value of gold held in exchange-traded products jumped $3.9 billion on Jan. 25, the most since October, as the central bank laid the groundwork for a possible third round of asset purchases, data compiled by Bloomberg show. Lower interest rates increase the appeal of bullion because it generally earns investors returns only through price gains.

 

Bullion rose 2.7 percent, the most in three months, after Chairman Ben S. Bernanke said he’s considering additional bond purchases to boost growth. The Fed bought $2.3 trillion of debt in two rounds of quantitative easing from December 2008 to June 2011, during which gold appreciated about 70 percent. Investors are now buying American Eagle gold coins from the U.S. Mint at the fastest pace since July 2010, data on its website show.

 

“The trigger offered by the Fed definitely helped,” said Daniel Briesemann, an analyst at Commerzbank AG in Frankfurt. “The opportunity costs of holding gold will remain low in the future and this should boost the attractiveness of gold. We don’t see an end to the long-term uptrend in gold prices.”

 

 

Link http://www.bloomberg.com/news/2012-01-27/gold-bulls-ascendant-amid-best-start-to-year-in-three-decades-commodities.html

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Just sold my 120 sovereigns for £260.19.

Nice little profits there.

Bought 4/5/6 years ago (can't remember when) for £7K.

I've booked 3 cruises this year to spend some of the money:

-Iceland and Norwegian Fjords;

-Russia and the Baltic

-Eastern Med

 

Anyone interested in a Fisch gold coin checker?

It's for Kruggers and sovereigns

it's worth $169

http://www.fisch.co.za/orderonline.htm#pricing

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Why did you sell your gold now?

 

 

 

Just sold my 120 sovereigns for £260.19.

Nice little profits there.

Bought 4/5/6 years ago (can't remember when) for £7K.

I've booked 3 cruises this year to spend some of the money:

-Iceland and Norwegian Fjords;

-Russia and the Baltic

-Eastern Med

 

Anyone interested in a Fisch gold coin checker?

It's for Kruggers and sovereigns

it's worth $169

http://www.fisch.co....ine.htm#pricing

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Well done to callmejoe. He has made good profits and sold for a specific reason. He may or may not have got the timing exactly right, and he may or may not have done things in the same way as you. But please don't lambast or ridicule him for doing what's right for him at this time.

 

We get dangerously close to groupthink on this site sometimes, and either exclude people with contrary views or try to make them feel bad about their choices.

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gold looks a safer bet to me..

 

Costa-Concordia-cruise-sh-007.jpg

 

I hope you enjoy your cruises callmejoe. You must have got some bargain prices after the Costa Concordia.

 

Make sure you ask the captain to put passengers carrying bullion in cabins on different sides of the ship. You don't want them all on one side like that one.

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http://www.forbes.com/sites/robertlenzner/2012/01/28/gold-is-the-hottest-currency-in-the-world/?partner=yahootix

 

Gold Is The Hottest Currency In The World

 

The price of gold is r oaring back from its latest temporary correction, sending the bears into full withdrawal. If you sold your gold in December as it fell to $1525 an ounce, you’re probably feeling foolish at the incredible $210 rise to $1735– a 15% move in no time at all.

 

Gold, you see, is not a commodity like oil and copper and wheat. It is rather an alternative currency– one that finds buyers when paper currencies like the Euro are being hugely increased in supply by the ECB to forestall a sovereign cum bank crisis in Europe. There’s $650 billion in European bank and sovereign debt coming die before March 31, 2012 which can be sopped up by the $650 billion gift from ECB to the banks at the bargain rate of 1%. And more available from the European central bank– Europe’s very own Quantitative Easing program.

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