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As long as a stock, Gold , commodites .. is acting right , and the maket is right

do not be in a hury to take a profit.

 

You know you are right, because if you were not, you wuld have NO PROFIT at all.

Let it ride and ride along with it. It may grow into a very large profit, and as long as

the action of the market does not give you any cause to worry,

have the courage of your conviction and stay with it.

 

~Jesse Livermore

 

 

 

UP on heavy volumes / Down on light volumes :)

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I'm amazed at some of the posts on this thread. Good lord, anyone would think this was a normal trading year.

Anyway......

 

I've been wrong before, but this is my view:

 

Workstation_090325.gif

 

IMO that could well have been the NZ$/GBP/US$/EUR -> Gold buying opportunity, and therefore by implication also for silver.

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That is kind of my point....that it is early days. But because of this timing is important. Most here are agreed on the fundamentals for gold so it goes without saying that gold will perform. Of more importance is the question of when it will perform. If it fails to perform in these early days all the better for us as we accumulate it. Most agree on this also. Where people do not agree is on the imminent hyperinflationary destruction story.... which I would add panics people into buying as much as they can now, leaving no powder for later.

Perhaps the UK based people have more reason to fear an imminent currency collapse. Even the Governer of the bank of England is now fruitlessly calling on the gov to exercise restraint.

"I think the fiscal position in the UK is not one where we could say, 'well, why don't we just engage in another significant round of fiscal expansion'."

http://news.bbc.co.uk/1/hi/business/7961900.stm

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I'm amazed at some of the posts on this thread. Good lord, anyone would think this was a normal trading year.

 

IMO that could well have been the NZ$/GBP/US$/EUR -> Gold buying opportunity, and therefore by implication also for silver.

Glad to see I'm not on my own :)

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Glad to see I'm not on my own :)

 

We are not alone :D

 

From: http://www.youtube.com/watch?v=XJQ1DY9Pdlg

 

Preparing Americans for Economic Collapse & Hyperinflation

Sign Up for my newsletter at my NEW WEBSITE!

 

1.Reduce Expenditures Dramatically

Housing costs

tent shed city

shared accomodations

communes

Food

eating out

food stamps

wic

soup kitchens

Transportation

cars SUV

used 1 motorcycle

gas prices

Debt

refinance lower payments

Buy 2nd Hand - Deep Discounts

80% 90%

craigslist

yard sales

gold/silver

nickles boxes

 

2. Increase Income Opportunities

Seek income from new sources - business - make $$$ Don't spend it

(create income tied to inflation)

small business

online business

recycle

swap meet

 

3. Transfer $$$ into Hard Assets

Gold

Silver

Highly trad-able necessities

More liquidity = higher multiple value

(super large inventories)

coin shops

cigarettes

vodka

canned food meats luxury items makeup perfume ammo

garage inventory

walmart grocery store full baskets

 

 

4. Sustainable living

Food - Garden classes

Water filters streams purification

Air

map of nature access

fish

hunt

 

5. Mental Preparation

Positivity

Resiliency

Practice now before you have to

Budget for "good times" and morale boosting activities

eating out

picnics - road trips - Disneyland

makeup and underwear

road trips - visits

 

 

6. Increase Security

Move - rural

Guns

 

7. Backdoor Escape Plans

on foot? where?

by car? where?

by airplane? Philippines

passports???

More Options = More Peace of Mind

 

8.Don't loan anyone money - Borrow as much as possible at fixed rate

 

use leverage in reverse

use fixed % loans to buy assets - real estate

use appreciation to pay off loans

 

9.Access to foreigners with hard currency - china Asia

 

10. Buy gold silver etfs gold silver mining companies

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8.Don't loan anyone money - Borrow as much as possible at fixed rate

 

use leverage in reverse

use fixed % loans to buy assets - real estate

use appreciation to pay off loans

Some time ago I could have sold some gold and silver to pay my wife's student loan. Instead I said "screw the Chinese" and fixed a low rate for 15 years. :lol:

Thanks Mr. Wen!

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Been sitting on the edges waiting for sterling to rise or the POG to fall.

Finally bottled it and topped up my physical.

 

Too much exciting stuff starting to be whispered about to be able to react quickly enough when it all starts.

Which feels like soon.

 

I'd rather lose 20% of my insurance than 100% of my fiat.

 

Anyone else getting twitchy?

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Are you purely in physical goldfinger? Do you have any in goldmoney?

Goldmoney is allocated physical! When people talk about paper gold they mean ETFs & futures.

 

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Been sitting on the edges waiting for sterling to rise or the POG to fall.

Finally bottled it and topped up my physical.

 

Too much exciting stuff starting to be whispered about to be able to react quickly enough when it all starts.

Which feels like soon.

 

I'd rather lose 20% of my insurance than 100% of my fiat.

 

Anyone else getting twitchy?

That is exactly how the PPT & Goldman Sacs want you to feel. I have never felt better about my holdings in gold & silver, look at the reasons (QE) to reassure self.

 

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Gold Bulls Should Stay Away from Gold Stocks

 

saupload_leverage_scatterplot_1.JPG

 

Gold stock leverage to bullion is falling

 

The trouble is, gold stocks aren’t just a simple leveraged play on the gold price.

 

As I pointed out before, a gold company could be simplistically thought of as a call option on the price of gold, with the strike price being the cost of production. My analysis also showed that most senior gold producers were raising production costs by mining lower grades of ore. Gold mining shares consequently did not perform as expected because of earnings disappointment.

 

Moreover, as the gold price has risen from about $260/oz. in 2000 to over $1,000/oz. seen this year, the leverage of gold stocks to gold has diminished as a result of the rise. The scatterplot below (click to enlarge), which charts the monthly change in the Gold Bugs Index (HUI) against the monthly change in gold, illustrates my point. I split the sample in two: when gold was below $500 and when it was above $500. As you can see, the degree of leverage shown by the period when gold was above $500 is lower than the period when gold was below $500.

 

 

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The trouble is, gold stocks aren't just a simple leveraged play on the gold price.

I didnt think a lot of that article, sorry!

 

Rather obviously when considering the market value of shares, its forward looking, a judgement on earnings for the next 12 months plus. Therefore besides the mining operation itself/project risk, company debt/finances, management etc etc there is also the future cost of gold to consider.

 

Where as the current price of gold is the current price. It would be silly to even expect gold stocks to track the current gold price - thats what the ETF (or Goldmoney etc) is for

 

Its not that I disagree. Its just that these points are rather basic and he left off those rather important points!

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