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From what I can gather the world seems to think there'll be global cuts this week? BofE to cut a quarter or even a half.

 

Exactly... and early this week if things go on as they are today. And while to my mind that's a sign of impending <reverb>Doom!</reverb>, I suspect the markets may see it as a sign of leadership, restoring a bit of confidence to markets and pulling gold/silver down.

 

Of course this may be a distraction. I can't help looking at the price of oil and thinking I should be forgetting PMs and putting every penny I've got into a crude ETF. It's got to be the medium term investment of a lifetime. Assuming PMs aren't. :-)

 

If only I was confident ETFs were as safe as a stash of wealth under my own supervision, under current circumstances.

 

Andrew McP

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I thought you were being premature there Steve but ... the mission appears to be in full swing!

 

Unfortunately I have revealed my minute to minute watching of the charts :lol:

 

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Unfortunately I have revealed my minute to minute watching of the charts :lol:

:lol: I know the feeling. I'm sat here looking at wedge formations in the Silver tick-by-tick chart!

 

 

On a side note, Yen is on a storm today. But the USD is caning NOK and CAD ... I definitely feel it's a case of "what goes around comes around". The US took it on the chin first but now it's time for the rest of the world to take a pounding - including CHF.

 

The much talked-about "race to the bottom" appears to be on. Is the Yen going to prove to be the only currency immune from this?

 

I can't help thinking:

Yen = non-yielding currency that's performing well.

Gold = non-yielding currency that's .... (OK, I won't spoil it)

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Exactly... and early this week if things go on as they are today. And while to my mind that's a sign of impending <reverb>Doom!</reverb>, I suspect the markets may see it as a sign of leadership, restoring a bit of confidence to markets and pulling gold/silver down.

 

Of course this may be a distraction. I can't help looking at the price of oil and thinking I should be forgetting PMs and putting every penny I've got into a crude ETF. It's got to be the medium term investment of a lifetime. Assuming PMs aren't. :-)

 

If only I was confident ETFs were as safe as a stash of wealth under my own supervision, under current circumstances.

 

Andrew McP

Indeed - don't miss your chance!

 

I put one aliquot of my funds into the 'OILB' oil ETF when brent crude was at USD 100, and a further two aliquots when it fell to 92 last Friday. I have retained a further 7 aliquots for further purchases if and when the price falls further. I will allocate 3 of these if price hits 80, and the last 4 if the price hits 70 (though I don't think it will, or if it does it will only be for a brief period)

 

And don't worry about the safety of this ETF: it is backed by Shell, and all the oil they buy with your invested money belongs to the investors ...whatever happens! (a very different situation to many of the derivative ETFs run by AIG)

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I can't help thinking:

Yen = non-yielding currency that's performing well.

Gold = non-yielding currency that's .... (OK, I won't spoil it)

 

I just said the same thing to my wife :D :D

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And don't worry about the safety of this ETF: it is backed by Shell, and all the oil they buy with your invested money belongs to the investors ...whatever happens! (a very different situation to many of the derivative ETFs run by AIG)

 

That's very useful to know, thanks.

 

Andrew McP

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Seriously, if this guy is right, this is the biggest news !!!!

 

You really will want to listen to this.

 

I'm not going to spoil the surprise. Listen, and then tell me it's not a little surprising !

 

 

Monday, 10.06.08

From the Toronto Resource Investment Conference, Dr. Jim Willie talks to Al Korelin.

http://www.kereport.com/DailyRadio/Daily100608-2.mp3

 

 

Did he REALLY say......... :blink: :blink: :blink:

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Now, go listen to that podcast !!!!

 

:o:o:o

 

OMG! Either this guy is a sh1t stirrer or he's well connected and I shall remember this day for the rest of my life.

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Seriously, if this guy is right, this is the biggest news !!!!

 

You really will want to listen to this.

 

I'm not going to spoil the surprise. Listen, and then tell me it's not a little surprising !

 

 

Monday, 10.06.08

From the Toronto Resource Investment Conference, Dr. Jim Willie talks to Al Korelin.

http://www.kereport.com/DailyRadio/Daily100608-2.mp3

 

 

Did he REALLY say......... :blink: :blink: :blink:

 

 

Ahh go on! spoil it for me...I wont get a chance to listen until tonight ;-)

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:o:o:o

 

OMG! Either this guy is a sh1t stirrer or he's well connected and I shall remember this day for the rest of my life.

 

I first came across him by recommendation from someone who has been following this a lot longer than me.

I think you have to take notice.

 

So I was right ?

It is shocking ain't it !

 

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Ahh go on! spoil it for me...I wont get a chance to listen until tonight ;-)

 

You will want to listen, but (as it's 1:25 am here), just one sentence:

 

I got word in the last 24 hours, that the Europeans, Russians, Chinese and Arabs have agreed to a new world currency.
:blink:

 

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You will want to listen

Yup, the piece about there being two distinct prices for gold globally at the moment is also very interesting.

 

Basically they're saying Asia is trading physical gold at in excess of $900 ... whereas COMEX paper gold is trading way down on that figure.

 

That, to me, is either untrue, or it could explain why BullionVault are having trouble making a sensible price, or it means buying from BV or GoldMoney is a veritable bargain at the moment.

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Seriously, if this guy is right, this is the biggest news !!!!

 

You really will want to listen to this.

 

I'm not going to spoil the surprise. Listen, and then tell me it's not a little surprising !

 

 

Monday, 10.06.08

From the Toronto Resource Investment Conference, Dr. Jim Willie talks to Al Korelin.

http://www.kereport.com/DailyRadio/Daily100608-2.mp3

 

 

Did he REALLY say......... :blink: :blink: :blink:

 

This would be contrary to the recent statement from China, asking Asia not to sell the dollar.

 

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You will want to listen, but (as it's 1:25 am here), just one sentence:

 

:blink:

and it's going to be based on a basket and the dollar and the British pound are not included. So those currencies are going to be largely tethered to gold. There's going to be a new Russian gold-backed rouble and a new Arab Gulf dinar.

Great link. Thanks.

 

It's only a short interview of a few minutes.

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Medvedev lashes out at gold producers

 

President Dmitry Medvedev has hit out at Russia's gold producers for not being efficient enough.

 

Speaking to representatives of the sector in Russia's far eastern city of Magadan, Medevev urged them to cut down on bureaucracy and to co-operate better with the government.

 

He called on all the sides to resolve the issues as quickly as possible.

 

“You are aware of how the financial markets are performing right now, and their effect on the rising gold prices. You should be able to cope with all this a lot faster,” Medvedev said.

:blink:

ABB

 

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Not being one to count my chickens:

300px-Challenger_explosion.jpg

:D

ABB

 

They always do it. Gold gets back to within $50 of where it was last week, out come the rockets, and it stalls again......

 

:P;)

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