marmite Posted March 14, 2008 Report Share Posted March 14, 2008 Nothing goes up in a straight line 2. If the cartel do exist then are they really going to give up without a fight ?? Their best weapon is to allow the price to go to $1000 and then smack it down to $750 or even $650, which will scare all the newbie goldbugs right out of the market and running to the hills crying its the 80's all over again. This would also allow the likes of Goldmans to hoover up all the cheap gold. Any links to what the 'cartel' might be ? The best place to start is here http://www.gata.org/ A read of the gold forums (including this thread) is also essential. Everyone has an opinion as to why the gold market movements can be a mystery, especially to the downside. Link to comment Share on other sites More sharing options...
G0ldfinger Posted March 14, 2008 Author Report Share Posted March 14, 2008 Once can clearly see that silver has the round-number-jitters too. That's why gold-silver is stuck just below 50 for now. Link to comment Share on other sites More sharing options...
Steve Netwriter Posted March 14, 2008 Report Share Posted March 14, 2008 Welcome back GF Dow Jones Lags Gold Returns by 200% - Open Your Eyes! http://www.marketoracle.net/Article3998.html Are you a commodities investor with friends that think you are "crazy" for investing in precious metals? Do these same friends advise you to indefinitely "buy and hold" a large amount of "well diversified" mutual funds for the "long term"? We are continually amazed at how few investors seem to open their eyes to changes all around them, including what is really happening in the financial markets. .... Unfortunately it appears most investors have a very short term bias and put too much emphasis on their recent experiences instead of history. We believe most investors are bias towards one strategy of investing because that strategy is what worked for them in previous years. Sadly, most of these investors will not learn that their former method for investing may no longer be effective until it is too late. Link to comment Share on other sites More sharing options...
Steve Netwriter Posted March 14, 2008 Report Share Posted March 14, 2008 That Telegrpah article is interesting: Gold hits $1,000 on flight from paper currencies By Ambrose Evans-Pritchard, International Business Editor Last Updated: 9:39pm GMT 13/03/2008 http://www.telegraph.co.uk/money/main.jhtm.../bcngold113.xml Hedge funds punched the metal higher in a final frenzy of buying as the dollar buckled on global markets, falling to record lows against the euro and Swiss franc.... Peter Hambro, chairman of Peter Hambro Mining, said gold is regaining its historic role as the ultimate store of value as mainstream investors lose confidence in the entire range of paper currencies. "When the Federal Reserve starts taking 'bus tickets' as collateral as they did this week, people are bound to see this as inflationary. But the problem is not just the dollar. We're living through a period of competitive devaluations across the world. Everybody is trying to stimulate their economy by driving down their own currencies," he said. .... Mr Norman said a powerful new force had entered the gold market with the advent of commodity index funds (worth $200bn) and the exchange traded funds that allow ordinary people to invest easily in metals for the first time. "This is not a bubble. It isn't hot fast money. It is slow, glacial money from pension funds and institutions pushing up prices because they want a hard asset. Gold may fall back for a few weeks as people get used to this new big figure but any sell-off will be met by strong hard buying. We think it will reach $1,250 this year," he said. Link to comment Share on other sites More sharing options...
FLASH Posted March 14, 2008 Report Share Posted March 14, 2008 I have finally managed to track down my favourite thread from the HPC site. I was formerly FLASH_2007. As has been mentioned $1050 looks like the next short term target for Gold and $25 for Silver. Its all happened a bit too quickly for my liking, I switched some of my Gold to Cotton a few months back and then planned to switch back to Gold but the Golds gone up just as much so a short term correction would come in very handy. Link to comment Share on other sites More sharing options...
wren Posted March 14, 2008 Report Share Posted March 14, 2008 I have finally managed to track down my favourite thread from the HPC site. Welcome FLASH, glad you found us. Link to comment Share on other sites More sharing options...
G0ldfinger Posted March 14, 2008 Author Report Share Posted March 14, 2008 I have finally managed to track down my favourite thread from the HPC site. I was formerly FLASH_2007. As has been mentioned $1050 looks like the next short term target for Gold and $25 for Silver. Its all happened a bit too quickly for my liking, I switched some of my Gold to Cotton a few months back and then planned to switch back to Gold but the Golds gone up just as much so a short term correction would come in very handy. Link to comment Share on other sites More sharing options...
G0ldfinger Posted March 14, 2008 Author Report Share Posted March 14, 2008 I've got sovereigns too, also because of the CGT exemption. In fact I ONLY have sovereigns. Just as well really because even accounting for the quite high buy/sell spread, I'm over the CGT threshold already and I only started buying in August last year!. Britannias (1oz) are also CGT exempt but more difficult to get hold of and so seem to command a higher premium. I think I am going to buy a few Sovereigns soon. Recently bought more silver, maybe it's time for some more gold soon. Link to comment Share on other sites More sharing options...
FLASH Posted March 14, 2008 Report Share Posted March 14, 2008 Anyone seen the anti Gold comments on the front page of HPC? That site is now getting beyond the joke and has taken an anti Gold stance altogether. Look at the comment about the CNN article. Link to comment Share on other sites More sharing options...
Steve Netwriter Posted March 14, 2008 Report Share Posted March 14, 2008 Flash, About time Link to comment Share on other sites More sharing options...
marmite Posted March 14, 2008 Report Share Posted March 14, 2008 Posted on another forum. Sorry for stealing it but its a must read....................... Read every word: http://www.gata.org/files/RedburnPar...11-12-2007.pdf http://www.mises.org/mysteryofbankin...yofbanking.pdf Re-read each sentence until you understand. No one can explain it to you better than the above. Link to comment Share on other sites More sharing options...
Steve Netwriter Posted March 14, 2008 Report Share Posted March 14, 2008 Posted on another forum. Sorry for stealing it but its a must read....................... Read every word: http://www.gata.org/files/RedburnPar...11-12-2007.pdf http://www.mises.org/mysteryofbankin...yofbanking.pdf Re-read each sentence until you understand. No one can explain it to you better than the above. But, you've got to steal the whole URL, not the shortened one with the "...." in it Any chance you can post the full urls ? (I prefer Vegemite because it spreads more easily, but taste wise, I can't tell the difference ) Link to comment Share on other sites More sharing options...
olloyd Posted March 14, 2008 Report Share Posted March 14, 2008 Yes. Something like that.Good and look at alot of charts. You will see that each area of trading almost always gets retraced at least once. If you look at the Gold charts, the trading above $930 needs retracing. Once that retarcement starts, it could easily pullback to support at $850, the old high. If gold retraces to $850, i'm going in large...(again)! Link to comment Share on other sites More sharing options...
marmite Posted March 14, 2008 Report Share Posted March 14, 2008 But, you've got to steal the whole URL, not the shortened one with the "...." in it Any chance you can post the full urls ? (I prefer Vegemite because it spreads more easily, but taste wise, I can't tell the difference ) https://www.kitcomm.com/showthread.php?t=13997 In answer to the question : Is it still a good idea to invest in gold NOW? Link to comment Share on other sites More sharing options...
Steve Netwriter Posted March 14, 2008 Report Share Posted March 14, 2008 Me too Is this one of the articles ? The Manipulation Of The Gold Market http://www.gata.org/node/11 Link to comment Share on other sites More sharing options...
Steve Netwriter Posted March 14, 2008 Report Share Posted March 14, 2008 https://www.kitcomm.com/showthread.php?t=13997 In answer to the question : Is it still a good idea to invest in gold NOW? Cheers http://www.gata.org/files/RedburnPartnersG..._11-12-2007.pdf <-- That's one I've read, and is very good. http://www.mises.org/mysteryofbanking/mysteryofbanking.pdf Link to comment Share on other sites More sharing options...
Steve Netwriter Posted March 14, 2008 Report Share Posted March 14, 2008 You take your eye off the ball for a minute and look what happens ! It sneaked back up to 997.5 Does an early start mean it will get over $1000 before the NY knock back ? If I'm not careful I'm going to miss it Link to comment Share on other sites More sharing options...
sylvester Posted March 14, 2008 Report Share Posted March 14, 2008 Just seen a pro-gold story on the main evening news here in NZ. Main messages were: 1. Gold has just hit $1000 2. Many Kiwis are buying gold as a safe haven 3. Don't go all in but you really should hold 5-10-15% of your portfolio in gold. 4. Gold is a safe bet and can be bought AT ANY TIME. Really positive on gold and very much 'you haven't missed the train yet but it is in the station'. I feel a public frenzy coming on! Video here: http://www.tv3.co.nz/Video/Goldprovingtobe...ault.aspx#video Hopefully you foreigners can receive it. If not, I can at least get the audio for you. Oh and I just found this one from Jan: http://www.tv3.co.nz/VideoBrowseAll/Busine...67/Default.aspx Link to comment Share on other sites More sharing options...
Steve Netwriter Posted March 14, 2008 Report Share Posted March 14, 2008 Thanks Sylvester I've only had my wife come in and tell me what they said so far. I noticed on Teletext Michael O'Kane saying they were very busy. I see no one has mentioned what will happen if just a small percentage of people go into gold. Maybe I need to repost the chart Steve PS I'll try and remind myself to do a prediction for gold in NZ$. That should be quite interesting Link to comment Share on other sites More sharing options...
marmite Posted March 14, 2008 Report Share Posted March 14, 2008 Just seen a pro-gold story on the main evening news here in NZ. Main messages were:1. Gold has just hit $1000 2. Many Kiwis are buying gold as a safe haven 3. Don't go all in but you really should hold 5-10-15% of your portfolio in gold. 4. Gold is a safe bet and can be bought AT ANY TIME. Really positive on gold and very much 'you haven't missed the train yet but it is in the station'. I feel a public frenzy coming on! Video here: http://www.tv3.co.nz/Video/Goldprovingtobe...ault.aspx#video Hopefully you foreigners can receive it. If not, I can at least get the audio for you. Oh and I just found this one from Jan: http://www.tv3.co.nz/VideoBrowseAll/Busine...67/Default.aspx Is this the sign to hold off buying for now, I wonder ???? Let the people buy in and push the price up, then smack it down hard to shake them back out. Link to comment Share on other sites More sharing options...
ologhai Posted March 14, 2008 Report Share Posted March 14, 2008 Anyone seen the anti Gold comments on the front page of HPC? That site is now getting beyond the joke and has taken an anti Gold stance altogether. Look at the comment about the CNN article. What (specifically) makes you believe that HPC.co.uk is wrong when they say the following? CNN joins in the gold-ramping by telling people how to join in the latest craze. This is just another speculative bubble - the money went from tech stocks into real estate and now on to metals. The current gold price is being driven up by investors purely on the expectation that prices will rise even further. This is the hallmark of a mania-driven bubble. Link to comment Share on other sites More sharing options...
whoops_apocalypse Posted March 14, 2008 Report Share Posted March 14, 2008 Some comments on these two beauties would be greatly appreciated... Click To View Source Click Here To View Source Not exactly a big fan of Mr Maund as he has been woefully off the mark on a number occasions in the past even though I find his current analysis somewhat compelling. Of course this may be simply down to the fact that I'm a greedy so-and-so... And finally, this may bring a smile to many, especially GF I suspect... Click To View Source What (specifically) makes you believe that HPC.co.uk is wrong when they say the following? Perhaps they're thinking of changing their name to gpc.co.uk... Link to comment Share on other sites More sharing options...
drbubb Posted March 14, 2008 Report Share Posted March 14, 2008 In answer to the question : Is it still a good idea to invest in gold NOW? == Certainly there are many cheap Junior gold stocks you can buy now = = Parabolic moves usually kill off Bull markets - so do be careful with Silver Link to comment Share on other sites More sharing options...
ologhai Posted March 14, 2008 Report Share Posted March 14, 2008 Perhaps they're thinking of changing their name to gpc.co.uk... Well, it didn't seem to do them any harm being several years ahead on the HPC! But, I really would like to know why people here think that what they said is incorrect. CNN joins in the gold-ramping by telling people how to join in the latest craze. This is just another speculative bubble - the money went from tech stocks into real estate and now on to metals. The current gold price is being driven up by investors purely on the expectation that prices will rise even further. This is the hallmark of a mania-driven bubble. I'm not nearly knowledgeable enough to argue one way or the other really, but I can see how gold's recent bull-run might be deemed to be a bubble. Link to comment Share on other sites More sharing options...
wren Posted March 14, 2008 Report Share Posted March 14, 2008 What (specifically) makes you believe that HPC.co.uk is wrong when they say the following? CNN joins in the gold-ramping by telling people how to join in the latest craze. This is just another speculative bubble - the money went from tech stocks into real estate and now on to metals. The current gold price is being driven up by investors purely on the expectation that prices will rise even further. This is the hallmark of a mania-driven bubble. The CNN article is in essence anti-gold and pro-paper. Firstly it gives the impression that buying and keeping physical gold has high overheads, which isn't really true, and it makes no mention of allocated gold. Secondly, it plugs ETFs, i.e. paper gold. In fairness it does mention that investment in miners is convenient and can provide leverage if the price continues to go up. This sort of article is not ramping real gold. On the contrary it is herding what people might be interested into paper assets while seeming not to oppose gold as an investment. Real gold is anti-paper promises to pay, that's its main fundamental. So, the little professor's comments seem misguided to me. Perhaps his designs are similar to CNN's. Link to comment Share on other sites More sharing options...
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