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Oh yes... I lost my mojo for a day or two but I'm very much back on track now thanks!

 

Decided on a plan then-good man.

 

Thought I'd screwed up buying 5 grands worth when BS blew up:$940.

 

However, have made 20% in GBP terms in 9 months. The one year chart on BV also shows a very sharp uptrend as turdling (spec' GF) tanks.

 

It is on.

 

Nick

 

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Is this correct?

 

comex-countdown-gold-2008-12-18.png

 

Looks as if the Crimex will not be getting clean out of gold/silver by 31 December..

The Bernie madeoffs can carry on manipulating the paper metal prices for another couple of months or so. :(

 

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Looks as if the Crimex will not be getting clean out of gold/silver by 31 December.

...

It is impressive enough if the chart is correctly reflecting the situation. One or two more months like this, and the paper world is finished.

 

Pre-Christmas sale in gold seems to be on. Good for bargain hunters. :)

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It is impressive enough if the chart is correctly reflecting the situation. One or two more months like this, and the paper world is finished.

 

Pre-Christmas sale in gold seems to be on. Good for bargain hunters. :)

 

Looks like default could be on in February, if half the gold goes in December.

 

 

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Looks like default could be on in February, if half the gold goes in December.

 

I am thinking back to the seasonality of gold graphs that I produced a while back that showed that POG fell on average in Feb. Does anybody know if you can get this Comex information for spring of the last few years, does the data previous years correlate with Comex figures?

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HPC still don't get it!

http://www.housepricecrash.co.uk/forum/ind...=98504&st=0

 

if you really want to then use bullionvault.com, but remember that you are buying a dollar denominated asset and hence if you buy in sterling you are subject to currency fluctuations

alternatively spreadbet on the price which removes the currency fluctuation

 

 

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Looking at buying some physical. For gold coins, my local dealer sells at spot price + 10% - is this competitive or can I get better value.

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JFYI, I already have a sizeable pot of gold, so I am aware of the benefits of averaging in, it saved me a couple of times, I am now spending my STR fund. I am UK based and so we don't seem to suffer the same (reserve) currency volatility you have in the US, look at gold in GBP today as a sign of what is going on over here.

 

I have gathered from your previous posts that you aren't pro gold, so can I ask what are you pro? Where do your investments lie?

 

I'm in the UK like yourself and am definitely pro gold although it might not always seem that way, I try and remain detached and unemotional about investments. If POG goes up then that's good but I'm always looking to buy things when they are falling and have nearly bottomed since there's more upside - doesn't really matter what it is to me, if it's oversold and I think it will go higher then I will buy it. If it's already overbought (like gold is now) then I don't buy but wait for a better opportunity.

 

I would hate anyone on here to lose a lot of their money because they bought on a peak - gold is already up 30% on it's October low of £440 in only 2 months so I don't think that rate of increase is sustainable - a correction must come soon. I just happen to think you can do much better by buying the lows and this is where charting is really useful if you use tools like slow stochastics which measures overbought and oversold conditions.

 

I've just bought financial stocks again (shock horror!) because they are oversold and I have a collection of stocks in my ISA which are high yielding FTSE100/250 - also have BlackRock Gold & General and Investec Global Gold as well as Yamana. Will use most of my remaining cash to buy the metal producers/miners on their next low ready for the SM rally early next year. I then plan to switch out of many of the shares and then ride the gold bubble all the way to the top which could be around 2014!

 

Dollar index is now climbing back up again (circa 81) - stochastics show it to be oversold just like it was in early July and towards the end of September. I think gold is going lower (in dollar terms at least) so there may be better buying opportunities ahead.

 

This is just how I see things ATM and there's nothing to say that I will be right - long term anyone buying gold clearly isn't going to lose, but you might do even better just buying the lows and avoiding the highs.

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Reminds me of something from a while back...

 

 

http://www.housepricecrash.co.uk/forum/ind...mp;#entry981140

whoami

The dollar funds give you a little extra bonus from the long-term drift down of the pound against the dollar too (like a mild Forex play).

 

 

http://www.housepricecrash.co.uk/forum/ind...mp;#entry982135

PiXeL8r (surely not!)

...the general feeling is that the dollar is weakening and the pound will weaken more. If that happens you get a double gain, hence the comments. It's a forex play as well as a gold play.

 

 

The forex play is sterling against gold, regardless of what you trade through on the way in or out. If gold is dollar speculation and they scrap the dollar, leaving you with just lots of gold, you're screwed!

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i don't know if this has ever been posted before but if you go to singapore airlines website and try to book a flight one of the currencies you are allowed to buy in is Gold!

Nice spot. But you can't actually pay for the ticket in gold.

 

Payment is in USD - but they have an FX lookup page provided by OANDA so you can work out how much it is in your own currency. As gold is a currency (XAU) it shows up in the list.

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We are clearly looking at things differently and/or you may have a lot more experience in the markets than I. The problem from my perspective, is you are basing the future on the past, this IMO does not always hold water. The argument you put forward for not buying gold at the moment, is the same argument that was put to me in the summer of '06, I wish I had sunk my savings into gold then... Interestingly it is also the discussion I had with my partner earlier on in the week, she said and rightly so, "...but it's the highest it's ever been, surely it's going to correct from here." I appreciate this concern but how would any investment ever find new highs if this train of thought was true. I honestly believe gold is not over bought, in fact the fundamentalists are not concerned they have bought too much, only they haven't bought enough. I know I'm not going to achieve the maximum return on my money but I'm not aiming to. If I can preserve my purchasing power and make maybe 25%+ I will be an exceptionally happy man. I don't know enough to get my timing right, which is why I'm getting in as early as possible.

 

Good luck with your trading.

 

I'm in the UK like yourself and am definitely pro gold although it might not always seem that way, I try and remain detached and unemotional about investments. If POG goes up then that's good but I'm always looking to buy things when they are falling and have nearly bottomed since there's more upside - doesn't really matter what it is to me, if it's oversold and I think it will go higher then I will buy it. If it's already overbought (like gold is now) then I don't buy but wait for a better opportunity.

 

I would hate anyone on here to lose a lot of their money because they bought on a peak - gold is already up 30% on it's October low of £440 in only 2 months so I don't think that rate of increase is sustainable - a correction must come soon. I just happen to think you can do much better by buying the lows and this is where charting is really useful if you use tools like slow stochastics which measures overbought and oversold conditions.

 

I've just bought financial stocks again (shock horror!) because they are oversold and I have a collection of stocks in my ISA which are high yielding FTSE100/250 - also have BlackRock Gold & General and Investec Global Gold as well as Yamana. Will use most of my remaining cash to buy the metal producers/miners on their next low ready for the SM rally early next year. I then plan to switch out of many of the shares and then ride the gold bubble all the way to the top which could be around 2014!

 

Dollar index is now climbing back up again (circa 81) - stochastics show it to be oversold just like it was in early July and towards the end of September. I think gold is going lower (in dollar terms at least) so there may be better buying opportunities ahead.

 

This is just how I see things ATM and there's nothing to say that I will be right - long term anyone buying gold clearly isn't going to lose, but you might do even better just buying the lows and avoiding the highs.

 

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http://www.housepricecrash.co.uk/forum/ind...mp;#entry982135

PiXeL8r (surely not!)

...the general feeling is that the dollar is weakening and the pound will weaken more. If that happens you get a double gain, hence the comments. It's a forex play as well as a gold play.

 

That was me. I was trying to explain the benefit of buying gold with GBP.

 

The double benefit I was talking about was the increase in the price of gold and the decrease in GBP, which has happened. So we have had the price of gold (in dollars) increase, then we have had the GBP decrease. Hence the double benefit, I was really trying to explain that the pound would weaken as well as the price of gold increase. I know that it really is just gold against pound, but most people quote gold in dollars. Sorry if I was not clear :)

 

If gold is dollar speculation and they scrap the dollar, leaving you with just lots of gold, you're screwed!

 

Wouldn't you just swap your gold for the new currency or another, gold holds it value even if currency collapses. How much is an ounce of gold in Zimbabwe?

 

 

 

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The Greatest Wealth Transfer Ever - Michael Maloney

 

The Greatest Wealth Transfer in the History of Mankind Starts Now!

Right now, the Treasury, the Federal Reserve, and the banking system seem to be gearing up for an event the likes of which has never been seen. I believe the crisis that will unfold over the next few years will add up to the biggest economic event in history. The scale of what is happening will dwarf all other economic events combined. The Tulip mania of 1637, John Law's "Mississippi Scheme" of 1720, and the dot-com / tech bubble of 1999 will pale by comparison. Even the hyperinflation in Weimar Germany in 1923 and the Great Depression will seem like a walk in the park compared to what is coming.

 

Great charts, worth a look.

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http://goldismoney.info/forums/showpost.ph...postcount=24038

GOLDMAN SACHS MAKES MASSIVE COVERING OF GOLD SHORTS - GOES NET LONG!

 

Bill,

In the December 18 session on the TOCOM Goldman Sachs COVERED an absolutely gob-smacking 1,307 gold short contracts which reduces their short position to just 495 contracts and leaves their long position unchanged at 1,337 contracts and makes them NET LONG – REPEAT, NET LONG 842 contracts. This is an absolutely stunning development! This is the largest net long position they have held ever since I have been tracking the TOCOM data which is almost 3 years. Considering Goldman’s role in the Cartel and links to the Treasury this is of earth shattering significance. It should also be noted that for ANY trader to be buying 1.3 tonnes of gold in a single day it deserves attention, when it is Goldman Sachs it has special significance.

There are more and more signs that the gold market is about to make a very big upwards move.

Cheers

Adrian

It's coming to an end soon.

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Looking at buying some physical. For gold coins, my local dealer sells at spot price + 10% - is this competitive or can I get better value.

Seems pretty typical in recent months, unfortunately.

 

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Wow, you GBP people must be pretty darn happy. That is, if you're more in gold than GBP ;)

I am. I truly am. :)

 

EDIT: In fact, I have been short GBP for at least 6 months. I haven't made much noise about it. ;)

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Looking at the other website hpc and nearly fell off my chair when i saw this advertisement.

http://pagead2.googlesyndication.com/pagea...aMggT6h2UcEAN1g

 

Looks like Gold advertising approval B):lol:

 

 

 

 

Here's the page it is being advertised on over at the new hyperinflation aware Hpc :D:P:lol:

http://www.housepricecrash.co.uk/forum/ind...showtopic=98640

 

 

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Here's the page it is being advertised on over at the new hyperinflation aware Hpc :D:P:lol:

http://www.housepricecrash.co.uk/forum/ind...showtopic=98640

First off all, there is no magic wand that made it so people cannot go hungry or homeless.

 

Second, july this year inflation will be madnotes, and will increase over the next 12-18 months to ludicrous levels.

 

It's a hyperinflationary depression. That means no work and sky high prices.

 

 

It's a shame Injin isn't postin here :)

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I am. I truly am. :)

 

EDIT: In fact, I have been short GBP for at least 6 months. I haven't made much noise about it. ;)

 

Go short GBP buy gold :)

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First off all, there is no magic wand that made it so people cannot go hungry or homeless.

 

Second, july this year inflation will be madnotes, and will increase over the next 12-18 months to ludicrous levels.

 

It's a hyperinflationary depression. That means no work and sky high prices.

 

 

It's a shame Injin isn't postin here :)

Part common sense, part unsubstantiated speculation. You need someone to tell you this?

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