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Yeah the conference call guy seemed a bit clueless to be honest.

 

http://mostlyeconomics.wordpress.com/2009/...t-more-details/ makes it clear it is a "market-based" number not a market price.

 

Sadly I can't find the press release that I found the other week that made the discount explicit, but from a practical point of view a discount makes sense.

A discount would make sense to anyone, but it can't be believed until it can be proved.

 

If there really was a discount as you claim it would be hot news and not hidden away.

 

 

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A discount would make sense to anyone, but it can't be believed until it can be proved.

 

If there really was a discount as you claim it would be hot news and not hidden away.

 

Apart from the fact that the world is full of goldbugs like yourself right now.......

 

Anyway, I read it explicitly in a press release, I will continue to try and dig it out again, but I do have a day job to do ;)

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It's cheaper to buy gold four months in the future than it is spot now!!!!

 

Got Gold Report: COMEX commercial shorts in retreat for silver

 

Backwardation in both gold and silver again

Anyway back too the important news at the moment.

 

There is now backwardation in the gold and silver markets, which proves the physical shortage theory which was put forward by the likes of Rob Kirby and GATA over the last few weeks.

 

Wake up everyone there is a commercial signal failure going on the price is going a lot higher in the immediate future.

 

Pixel8rs-Lines-4.jpg

 

 

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Wake up everyone there is a commercial signal failure going on the price is going a lot higher in the immediate future.

 

Got me popcorn, thanks, and just waiting for the show to start. Hope I don't need to go for a pee again before it does, though.

 

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Got me popcorn, thanks, and just waiting for the show to start. Hope I don't need to go for a pee again before it does, though.

 

I think it might be starting soon.

 

My Williams Percent Range Indicator for the daily gold chart just went close to zero....

 

2yumt08.gif

 

EDIT: I got it wrong....it went very, very close to zero...

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Just FYI, and I don't want to come across as "OMG SOMEONE IS WRONG ON THE INTERNET", but India bought that IMF gold at a $100 discount to the average spot price over a 2 week period, or $949 per ounce. So for anyone to theorize that there is some sort of floor at $1,045 is wrong.

 

The $1,045 floor is wrong, it's twenty dollars lower at $1,025, which will shortly be superseded by a new floor at $1,172.

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Apart from the fact that the world is full of goldbugs like yourself right now.......

 

Sorry, but I completely disagree with that assertion.

 

I do think it's easy to think that there are when we all hang around investment/economics forums and read articles that most would find obscure and have gold front of mind every day - but I doubt many others do.

 

From what I see out on main st, nobody and I mean nobody I know is talking to be about buying gold (even the ones that think they're financially savvy).

 

Most people IMO still think property investment is where its at....

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Sorry, but I completely disagree with that assertion.

 

I do think it's easy to think that there are when we all hang around investment/economics forums and read articles that most would find obscure and have gold front of mind every day - but I doubt many others do.

 

From what I see out on main st, nobody and I mean nobody I know is talking to be about buying gold (even the ones that think they're financially savvy).

 

Most people IMO still think property investment is where its at....

Well said.

 

Even on this forum there are plenty who aren't even in gold. Many are long dollar.

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Sorry, but I completely disagree with that assertion.

 

I do think it's easy to think that there are when we all hang around investment/economics forums and read articles that most would find obscure and have gold front of mind every day - but I doubt many others do.

 

From what I see out on main st, nobody and I mean nobody I know is talking to be about buying gold (even the ones that think they're financially savvy).

 

Most people IMO still think property investment is where its at....

 

Maybe people don't hang around investment forums like this, but quite a few of my colleagues are talking about gold (not through my prompting). They're not buying gold because they don't really know how to or they believe it is not something the average saver invests in. I find it strange that most people in this country are conditioned to believe that their savings are better handled by advisors and experts. There appears to be some kind of comfort in letting other people take risk with their money.

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Maybe people don't hang around investment forums like this, but quite a few of my colleagues are talking about gold (not through my prompting). They're not buying gold because they don't really know how to or they believe it is not something the average saver invests in. I find it strange that most people in this country are conditioned to believe that their savings are better handled by advisors and experts. There appears to be some kind of comfort in letting other people take risk with their money.

 

That goes against my number 1 rule:

 

Don't let others do your thinking for you.

 

Even on this forum I try to advise and let others decide what to do with THEIR money!

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Maybe people don't hang around investment forums like this, but quite a few of my colleagues are talking about gold (not through my prompting). They're not buying gold because they don't really know how to or they believe it is not something the average saver invests in. I find it strange that most people in this country are conditioned to believe that their savings are better handled by advisors and experts. There appears to be some kind of comfort in letting other people take risk with their money.

 

Sounds exactly like BTL in 1996/97.........

 

Gold will follow a similar path Im sure - from an investor psychology POV - investor psychology being one of the more consistent features of markets.

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Maybe people don't hang around investment forums like this, but quite a few of my colleagues are talking about gold (not through my prompting). They're not buying gold because they don't really know how to or they believe it is not something the average saver invests in. I find it strange that most people in this country are conditioned to believe that their savings are better handled by advisors and experts. There appears to be some kind of comfort in letting other people take risk with their money.

I think they prefer to let someone else lose their money for them. That way they have someone else to blame. One thing you can be sure of about Brits is they love to moan.

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Sounds exactly like BTL in 1996/97.........

 

Gold will follow a similar path Im sure - from an investor psychology POV - investor psychology being one of the more consistent features of markets.

 

Great, another 10 years to ride this bull then ?

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$1,150/t oz and £685.00/t oz :D I think we'll breach £690.00/t oz today.

 

I think I'm right in saying that when gold was at its high earlier this year in GBPs, the pound was trading at about 1.40 against the USD. Interesting that we appear to be about to revisit those highs but this time with a stronger pound. Not sure about anyone else, but I take that as a sign that there is plenty more in this gold bull particularly when we're pricing it in GBPs.

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I think I'm right in saying that when gold was at its high earlier this year in GBPs, the pound was trading at about 1.40 against the USD. Interesting that we appear to be about to revisit those highs but this time with a stronger pound. Not sure about anyone else, but I take that as a sign that there is plenty more in this gold bull particularly when we're pricing it in GBPs.

 

Correct - GBP holders are buying at a favourable exchange rate against the dollar at the moment. I'm still buying gold despite the record high in $ price for this reason. CGNAO's most recent 'houston we have liftoff' chart is in GBPs.

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It's just one of many signs IMO. £1,000/t oz seems a long way off, but £820-850/t oz doesn't seem that far away now.

 

I think I'm right in saying that when gold was at its high earlier this year in GBPs, the pound was trading at about 1.40 against the USD. Interesting that we appear to be about to revisit those highs but this time with a stronger pound. Not sure about anyone else, but I take that as a sign that there is plenty more in this gold bull particularly when we're pricing it in GBPs.

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I was reading a piece by Bill Bonner yesterday where he said that gold was priced about right just now. Any gains in the future will just represent the loss of purchasing power of paper money when price inflation gets going. I would have thought there will be further opportunity for 'profits' if a mania kicks in.

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Wow... He almost said "gold is money"... but even calling gold a currency is a first for the MSM!

 

Investors have also talked up gold's prospects by looking at the supply/demand fundamentals. Daniel Sacks, part of Investec Asset Management's commodities and natural resources team said earlier this week that there would be further support from growing demand.

 

He said: 'This is not just about dollar weakness, as gold is the only currency where supply is going down, with less and less gold now in circulation.'

 

 

A leading economist says....don't buy gold. Does anyone see the irony there? Vested interest in keeping the fiat money system going? Or will he buy on a pullback?

 

http://www.citywire.co.uk/personal/-/news/...p;ViewFull=True

 

Crap article - posted for balance though...don't want anyone to say I only post bullish articles....

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A leading economist says....don't buy gold. Does anyone see the irony there? Vested interest in keeping the fiat money system going? Or will he buy on a pullback?

 

http://www.citywire.co.uk/personal/-/news/...p;ViewFull=True

 

Crap article - posted for balance though...don't want anyone to say I only post bullish articles....

 

I genuinely welcome these kinds of comments (BTW, there's more than one economist being quoted and all are mainstream). So long as most 'experts' think it's a duff investment we should see a lid kept on retail speculation. This allows the minority to add to their position without worrying that they're caught up in some frenzy. I have no idea of how things will play out but I would not be surprised if gold sold off (maybe even heavily) in the next 6-12 months. Equally I would expect it to bounce back relatively quickly and still believe it will go significantly higher over the next 5 years or so. The idea, to me at least, that central banks/governments are nursing the economy back to health and will remove the stimulus when we're back on our feet is laughable. Here's a link to the BoE minutes - they have no idea what they're doing, no one does. As long as this trend stays in place, I think gold will continue its ascent but equally I do not rule out some sharp pullbacks along the way.

 

http://blogs.telegraph.co.uk/finance/edmun...t-price-bubble/

 

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I genuinely welcome these kinds of comments (BTW, there's more than one economist being quoted and all are mainstream). So long as most 'experts' think it's a duff investment we should see a lid kept on retail speculation. This allows the minority to add to their position without worrying that they're caught up in some frenzy. I have no idea of how things will play out but I would not be surprised if gold sold off (maybe even heavily) in the next 6-12 months. Equally I would expect it to bounce back relatively quickly and still believe it will go significantly higher over the next 5 years or so. The idea, to me at least, that central banks/governments are nursing the economy back to health and will remove the stimulus when we're back on our feet is laughable. Here's a link to the BoE minutes - they have no idea what they're doing, no one does. As long as this trend stays in place, I think gold will continue its ascent but equally I do not rule out some sharp pullbacks along the way.

 

http://blogs.telegraph.co.uk/finance/edmun...t-price-bubble/

Ludwig von mises did he called it the hyperinflationary crack up boom.200px-Ludwig_von_Mises.jpg

 

Inflation Then Hyperinflation

 

A "bumper crop" is one where there is an over-abundance of corn, for example. There is so much corn, that each kernel is worth very little. That's what's happening to the value of the US dollar with the amount of them coming off the printing presses at the Treasury. "The paper currency is a declining asset and as that happens people will convert it to something of tangible worth, such as hard assets. Paper money can be printed with no cost to the politicians." When that happens, prices of raw materials and hard assets will rise in an inflationary environment.

 

"Sooner or later, everyone is going to realize that the only way we can pay back one bond is to issue another one and you have a situation where you're using MasterCard to pay your Visa." That's when Goyette thinks we'll see what Mises called the "crack-up boom," hyperinflation and the demise of the exchange economy.

 

RESET To HoNEST MoNEY DEAD AHEAD!!!!!!! GoT GoLD??????

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