Mr Pipples Posted December 1, 2008 Report Share Posted December 1, 2008 Gold: The Next Reserve Currency Player - http://seekingalpha.com/article/108415-gol...opular_articles Link to comment Share on other sites More sharing options...
Steve Netwriter Posted December 1, 2008 Report Share Posted December 1, 2008 World stability hangs by a thread as economies continue to unravel The political bubble is bursting. Spreads on geo-strategic risk are now widening as dramatically as the spreads on financial risk at the onset of the credit crunch. Whether it is the Indian rupee, the Shanghai bourse, or Kremlin debt, the stars of the credit boom have fallen to earth. Investors are retreating into 3-month US Treasury bills – the ultimate safe-haven. The yield has fallen to 0.02pc, less than zero after costs. You pay Washington to guard your money. http://www.telegraph.co.uk/finance/comment...to-unravel.html Nooooooo !!!!! Gold ! I can't believe he said that ! Link to comment Share on other sites More sharing options...
Pixel8r Posted December 1, 2008 Report Share Posted December 1, 2008 Link to comment Share on other sites More sharing options...
Steve Netwriter Posted December 1, 2008 Report Share Posted December 1, 2008 It's quite big then Link to comment Share on other sites More sharing options...
drbubb Posted December 1, 2008 Report Share Posted December 1, 2008 They are getting stock in return, so this compares apples and oranges Link to comment Share on other sites More sharing options...
ziknik Posted December 1, 2008 Report Share Posted December 1, 2008 Gold not doing so well this morning . Link to comment Share on other sites More sharing options...
Pixel8r Posted December 1, 2008 Report Share Posted December 1, 2008 They are getting stock in return, so this compares apples and oranges Stock that they are overpaying for in companies which are bankrupt. Link to comment Share on other sites More sharing options...
Justin Thyme Posted December 1, 2008 Report Share Posted December 1, 2008 Whether we see 650 again would surely depend on whether we see another bout of deleveraging by the hedgies and another panic sell off in the DOW. Agreed although I don't know if the hedgies etc have very much left to offload . . . Link to comment Share on other sites More sharing options...
G0ldfinger Posted December 1, 2008 Author Report Share Posted December 1, 2008 ... Others may have more "direct" comments given the failure of silver to collapse to the $6.60 he forecast recently Did you miss the Kitco chart? It did for 1 second!! Link to comment Share on other sites More sharing options...
G0ldfinger Posted December 1, 2008 Author Report Share Posted December 1, 2008 Gold not doing so well this morning . ... That reminds me that I wanted to move some cash to GoldMoney. Link to comment Share on other sites More sharing options...
Pixel8r Posted December 1, 2008 Report Share Posted December 1, 2008 Agreed although I don't know if the hedgies etc have very much left to offload . . . Appears there is still quite a bit to left. Link to comment Share on other sites More sharing options...
romans holiday Posted December 1, 2008 Report Share Posted December 1, 2008 I don't really mind if either POG spikes up or spikes down. If it goes up, will sell a little... if it goes down, will buy a little. Wish it would get back to its habitual volatility and stop meandering around at this level. Link to comment Share on other sites More sharing options...
jinbal Posted December 1, 2008 Report Share Posted December 1, 2008 GBP tanking with POG Very frustrating when you want to add a little Link to comment Share on other sites More sharing options...
marmite Posted December 1, 2008 Report Share Posted December 1, 2008 GBP tanking with POG Very frustrating when you want to add a little I suppose the question is........ Is Gold tanking or is the $ strengthing ??? Index is at about 82 I know what you mean tho, I dream of the days of GBP/USD 2+ Link to comment Share on other sites More sharing options...
romans holiday Posted December 1, 2008 Report Share Posted December 1, 2008 The latest episode of CNBC Muppet Show. Kermit: "Latest reports, the pound might go away!" Piggie : "Wow! At least that's a vote of confidence for the Euro!" Link to comment Share on other sites More sharing options...
ziknik Posted December 1, 2008 Report Share Posted December 1, 2008 I suppose the question is........ Is Gold tanking or is the $ strengthing ??? Index is at about 82 I know what you mean tho, I dream of the days of GBP/USD 2+ http://www.goldprice.org/gold-price.html You can see the PoG in several different currencies at the same time on GoldPrice. Gold is dropping in every currency Link to comment Share on other sites More sharing options...
romans holiday Posted December 1, 2008 Report Share Posted December 1, 2008 Platinum could overtake gold on the downside here. Hmmm... gold..platinum... platinum.. gold. Nah... sticking with gold. I reckon we will see platinum well below gold in the near future. Possibly will buy when it gets down to 600. Link to comment Share on other sites More sharing options...
marmite Posted December 1, 2008 Report Share Posted December 1, 2008 http://www.goldprice.org/gold-price.html You can see the PoG in several different currencies at the same time on GoldPrice. Gold is dropping in every currency Excellent Link. It gives a very clear picture. Thanks It does bring up the question as to why is it dropping ??? Following oil down, but I thought it had decoupled ??? ..... Deleveraging, but once that finishes it will shoot up like a ball under water ????? New Treasury Sec anouncements last week ?????? Have I missed something, time to trawl news feeds / forums ???? Terror attacks, but doesnt that make the price go up ????? Expected good Black Friday figures, but I thought consumers where skint ?????? Better than expected non farm payroll expected this friday, but factories are closing ????? Ouch Ouch, all this thinking hurts my head The only thing I can compute is Dollar cost average Link to comment Share on other sites More sharing options...
ziknik Posted December 1, 2008 Report Share Posted December 1, 2008 Excellent Link. It gives a very clear picture. Thanks It does bring up the question as to why is it dropping ??? Following oil down, but I thought it had decoupled ??? ..... Deleveraging, but once that finishes it will shoot up like a ball under water ????? New Treasury Sec anouncements last week ?????? Have I missed something, time to trawl news feeds / forums ???? Terror attacks, but doesnt that make the price go up ????? Expected good Black Friday figures, but I thought consumers where skint ?????? Better than expected non farm payroll expected this friday, but factories are closing ????? Ouch Ouch, all this thinking hurts my head The only thing I can compute is Dollar cost average Simple. People are selling gold because 1. they are forced sellers 2. they are stupid Link to comment Share on other sites More sharing options...
warpig Posted December 1, 2008 Report Share Posted December 1, 2008 Don't you love it when bullion vault's chart goes nuts.... I thought we were all rich, gold just hit £800! Link to comment Share on other sites More sharing options...
sash777 Posted December 1, 2008 Report Share Posted December 1, 2008 With today's activity it looks like CG was absolutely spot on (again), just got his day wrong by saying Friday. Heavy effort to drive the price down today. Will we see £500 tomorrow? Link to comment Share on other sites More sharing options...
wren Posted December 1, 2008 Report Share Posted December 1, 2008 J.P. Morgan Gold report, 25 Nov '08. (PDF warning) http://www.gata.org/files/JPMorganGoldReport-11-25-2008.pdf Link to comment Share on other sites More sharing options...
marmite Posted December 1, 2008 Report Share Posted December 1, 2008 777 keeps flashing up on my screen, is it a sign Link to comment Share on other sites More sharing options...
Steve Netwriter Posted December 1, 2008 Report Share Posted December 1, 2008 http://www.goldprice.org/gold-price.html You can see the PoG in several different currencies at the same time on GoldPrice. Gold is dropping in every currency That is a very hand page, BUT IMO it is VERY dangerous. Because of the way they do the vertical scale, you cannot tell how quickly each is moving. I haven't checked, but I'd bet the GoldJPY dropped a LOT more than GoldGBP ! Link to comment Share on other sites More sharing options...
ziknik Posted December 1, 2008 Report Share Posted December 1, 2008 That is a very hand page, BUT IMO it is VERY dangerous. Because of the way they do the vertical scale, you cannot tell how quickly each is moving. I haven't checked, but I'd bet the GoldJPY dropped a LOT more than GoldGBP ! Yes, it’s really only useful for up and down (when looking at all currencies together). It would help if they did the numbers in Percent instead of currency value. Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now