azazel Posted February 2, 2009 Report Share Posted February 2, 2009 Bullish article on gold. From a technical perspective, where is gold headed? At this time, the trend is clearly up. Aside from breaking the abovementioned trendline, gold also broke above resistance in the 920 area. The 50 day moving average is also about to cross over the 200 day moving average- an event known by technicians as a “golden cross” because it usually portends a long-term bullish move. As one can see from the GLD chart above, volume has also been tracking higher, which indicates that the move in Gold is not just a sucker's rally. Also notice that volume on down days has been low, while it has been higher on up days. http://marketoracle.co.uk/Article8621.html Link to comment Share on other sites More sharing options...
Pixel8r Posted February 2, 2009 Report Share Posted February 2, 2009 Bullish article on gold. From a technical perspective, where is gold headed? At this time, the trend is clearly up. Aside from breaking the abovementioned trendline, gold also broke above resistance in the 920 area. The 50 day moving average is also about to cross over the 200 day moving average- an event known by technicians as a “golden cross” because it usually portends a long-term bullish move. As one can see from the GLD chart above, volume has also been tracking higher, which indicates that the move in Gold is not just a sucker's rally. Also notice that volume on down days has been low, while it has been higher on up days. http://marketoracle.co.uk/Article8621.html Interesting article, which is against a lot of investment analysis at the moment. I particularly like this graph and the TA comment about the "golden cross". Going to be an interesting week. Link to comment Share on other sites More sharing options...
creditcrunch Posted February 2, 2009 Report Share Posted February 2, 2009 What is it about a rising price that niggles at you to get in and buy at the top --- property wise, I never had that urge, but with gold, I had to hold myself back, buy in the trough and all that... http://www.taxfreegold.co.uk/goldpriceslive.html Glad I did, looks like there will be another buying opportunity soon. Link to comment Share on other sites More sharing options...
azazel Posted February 2, 2009 Report Share Posted February 2, 2009 Interesting article, which is against a lot of investment analysis at the moment. I particularly like this graph and the TA comment about the "golden cross". Going to be an interesting week. I like the "Breakout" bit. cgnao will be along with a linky no doubt! http://uk.youtube.com/watch?v=yXL9AkXzlt8 The thing I dont get about investment analysis, is that we are experiencing times that are unprecedented. The bailouts, the bank insolvency, the scary graph from the fed with the long blue line, the fact that gold has not gone up since a year ago in dollars even though things are much worse than was predicted. Im suprised its not much higher but then Im only daft. I got gold though. Link to comment Share on other sites More sharing options...
Pixel8r Posted February 2, 2009 Report Share Posted February 2, 2009 http://www.investopedia.com/terms/g/goldencross.asp What Does Golden Cross Mean? A crossover involving a security's short-term moving average (such as 15-day moving average) breaking above its long-term moving average (such as 50-day moving average) or resistance level. Investopedia explains Golden Cross... As long-term indicators carry more weight, the Golden Cross indicates a bull market on the horizon and is reinforced by high trading volumes. Additionally, the long-term moving average becomes the new support level in the rising market. Technicians might see this cross as a sign that the market has turned in favor of the stock. Link to comment Share on other sites More sharing options...
Pixel8r Posted February 2, 2009 Report Share Posted February 2, 2009 I like the "Breakout" bit. cgnao will be along with a linky no doubt! http://uk.youtube.com/watch?v=yXL9AkXzlt8 The thing I dont get about investment analysis, is that we are experiencing times that are unprecedented. The bailouts, the bank insolvency, the scary graph from the fed with the long blue line, the fact that gold has not gone up since a year ago in dollars even though things are much worse than was predicted. Im suprised its not much higher but then Im only daft. I got gold though. Link to comment Share on other sites More sharing options...
ziknik Posted February 3, 2009 Report Share Posted February 3, 2009 Anyone seen a 1/4 Sov before? http://www.royalmint.com/store/BritishGold/UKBQ09RN.aspx Link to comment Share on other sites More sharing options...
Andrew McP Posted February 3, 2009 Report Share Posted February 3, 2009 Anyone seen a 1/4 Sov before? "This is the first time that the quarter sovereign has been struck for issue to the general public." Interesting. I wonder if this tiny 'affordable' unit of gold is an indication that behind the scenes they think there's going to be a move towards mass gold ownership. Or is that putting the cart before the horse? They might just responding to the fact that prices are higher and it's affecting the sales of larger coins among their usual customers. Sovereigns are tiny though. Sneeze near a quarter sov and it'll blow away. Andrew McP Link to comment Share on other sites More sharing options...
id5 Posted February 3, 2009 Report Share Posted February 3, 2009 Anyone seen a 1/4 Sov before? http://www.royalmint.com/store/BritishGold/UKBQ09RN.aspx The Royal Mint marketing working overtime again, from public calls of your coins are so expensive! Link to comment Share on other sites More sharing options...
ziknik Posted February 3, 2009 Report Share Posted February 3, 2009 The Royal Mint marketing working overtime again, from public calls of your coins are so expensive! They could have put the price down TBH, I think the Royal Mint coins are sometimes* pretty good value. Coins come on a nice looking presentation card, free delivery and I can use my cashback credit card for purchasing. * They don’t change their prices often. I’ve seen Royal Mint selling for less than CID. Link to comment Share on other sites More sharing options...
ziknik Posted February 3, 2009 Report Share Posted February 3, 2009 "This is the first time that the quarter sovereign has been struck for issue to the general public." ... Opps, I should have read the text EDIT: "Worldwide issue limit of 50,000" - Sounds incredibly low. Is there only 50,000 of them? Or is there 50,000 of each box? (Bullion, Baby, Congrats). And does the 50,000 include the ones at Chards and other shops. 50,000 is not very many at all! (?) Bullion http://www.royalmint.com/store/BritishGold/UKBQ09RN.aspx Baby http://www.royalmint.com/store/BritishGold/UKBQ09RC.aspx Congrats http://www.royalmint.com/store/BritishGold/UKBQ09RB.aspx Link to comment Share on other sites More sharing options...
romans holiday Posted February 3, 2009 Report Share Posted February 3, 2009 "This is the first time that the quarter sovereign has been struck for issue to the general public." Interesting. I wonder if this tiny 'affordable' unit of gold is an indication that behind the scenes they think there's going to be a move towards mass gold ownership. Or is that putting the cart before the horse? They might just responding to the fact that prices are higher and it's affecting the sales of larger coins among their usual customers. Sovereigns are tiny though. Sneeze near a quarter sov and it'll blow away. Andrew McP They do half ounces and even quarter ounces in the gold kiwi here in New Zealand. i have a sister who will buy a few... "got to squirrel away a few nuts" she says. Link to comment Share on other sites More sharing options...
ziknik Posted February 3, 2009 Report Share Posted February 3, 2009 They do half ounces and even quarter ounces in the gold kiwi here in New Zealand. i have a sister who will buy a few... "got to squirrel away a few nuts" she says. The Sov isn't an ounce coin Full Sov = 8 gram 1/2 Sov = 4 gram 1/4 Sov = 2 gram 22 carat Link to comment Share on other sites More sharing options...
azazel Posted February 3, 2009 Report Share Posted February 3, 2009 They look expensive to me at £55 each when gold is £20 a gram. Link to comment Share on other sites More sharing options...
Pixel8r Posted February 3, 2009 Report Share Posted February 3, 2009 They look expensive to me at £55 each when gold is £20 a gram. I paid just over that for a full one last year off ebay! Now thats inflation. Link to comment Share on other sites More sharing options...
Mr Pipples Posted February 3, 2009 Report Share Posted February 3, 2009 AUDIT AFTER GOLD DEALER'S SUICIDE SUGGESTS CUSTOMERS LOST MILLIONS - http://query.nytimes.com/gst/fullpage.html...753C1A965948260 Some $60 million worth of gold, silver and platinum sold to thousands of individuals and then supposedly stored in Rocky Mountain vaults may never have existed, an investigation suggested yesterday... Link to comment Share on other sites More sharing options...
azazel Posted February 3, 2009 Report Share Posted February 3, 2009 I paid just over that for a full one last year off ebay! Now thats inflation. Not according to "mish" http://uk.youtube.com/watch?v=Msv6-EFX0Rc I got a 10% off voucher from paypal to a max of £100, so im going to get a Krugerrand or something. Loads went last night but I muffed up my bidding strategy and got out bid on £710 when others went for £700. Theres not much on today either Still I got until the 12th feb. I also applied for one of those £119 sovereigns. Anyone know how to get discount vouchers for ebay? Link to comment Share on other sites More sharing options...
azazel Posted February 3, 2009 Report Share Posted February 3, 2009 Anyone seen a 1/4 Sov before? http://www.royalmint.com/store/BritishGold/UKBQ09RN.aspx Nah, my eyesight is not that good. Link to comment Share on other sites More sharing options...
aardvark Posted February 3, 2009 Report Share Posted February 3, 2009 AUDIT AFTER GOLD DEALER'S SUICIDE SUGGESTS CUSTOMERS LOST MILLIONS - http://query.nytimes.com/gst/fullpage.html...753C1A965948260 yeah, in 1983 Link to comment Share on other sites More sharing options...
ziknik Posted February 3, 2009 Report Share Posted February 3, 2009 ... Anyone know how to get discount vouchers for ebay? I got one too. They just gave me it, don't know why. I bought some scrap silver coins Link to comment Share on other sites More sharing options...
Mr Pipples Posted February 3, 2009 Report Share Posted February 3, 2009 yeah, in 1983 Ha! Didn't spot the date - found the link to the article today on www.thebulliondesk.com - odd! Link to comment Share on other sites More sharing options...
G0ldfinger Posted February 3, 2009 Author Report Share Posted February 3, 2009 This is what Bairds/goldline wrote me in an email today: Dear Sir / Madam, THERE MAY BE A WAIT OF UP TO 3 WEEKS FOR DELIVERY AT THE MOMENT DUE TO HIGH DEMAND. Link to comment Share on other sites More sharing options...
InternationalRockSuperstar Posted February 3, 2009 Report Share Posted February 3, 2009 yeah, in 1983 I somehow doubt human nature has changed much in 26 years Link to comment Share on other sites More sharing options...
azazel Posted February 3, 2009 Report Share Posted February 3, 2009 I got one too. They just gave me it, don't know why. I bought some scrap silver coins They could drive the price up on gold coins, especially ones that are nearly £1000. I would be prepared to offer a bit more as Im going to get %10 off and no doubt, so will others. Link to comment Share on other sites More sharing options...
narco Posted February 3, 2009 Report Share Posted February 3, 2009 Nice good old fashioned cartel smackdown. Not seen one of these for a while. Link to comment Share on other sites More sharing options...
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