lupercal Posted November 18, 2010 Report Share Posted November 18, 2010 Oh sorry warpig I got you mixed up with catflap. No I like your posts sorry. Catflaps posts on high yielding shares are very informatiive. His opinion is a very useful counter point to the group think we need to avoid. Link to comment Share on other sites More sharing options...
marmite Posted November 18, 2010 Report Share Posted November 18, 2010 Up $17 right out of the traps. Could be a interesting day Link to comment Share on other sites More sharing options...
fexx Posted November 18, 2010 Report Share Posted November 18, 2010 Lunchtime smackdown, anyone? Link to comment Share on other sites More sharing options...
fitkid Posted November 18, 2010 Report Share Posted November 18, 2010 Catflaps posts on high yielding shares are very informatiive. His opinion is a very useful counter point to the group think we need to avoid. "GROUP THINK" here we go again its becoming contagious.Look a group has got to be more people than a "piddling minority" as represented on this forum. Link to comment Share on other sites More sharing options...
fitkid Posted November 18, 2010 Report Share Posted November 18, 2010 The GOLD LOCK DOWN BEGINS!!! $600 gold purchase requires a completion of an IRS form1099 . http: //www.kitco.com/KitcoNewsVideo/kitco_news.htm Link to comment Share on other sites More sharing options...
Schaublin Posted November 18, 2010 Report Share Posted November 18, 2010 The GOLD LOCK DOWN BEGINS!!! $600 gold purchase requires a completion of an IRS form1099 . http: //www.kitco.com/KitcoNewsVideo/kitco_news.htm try this link (there was a space after the colon Fitkid) http://www.kitco.com/KitcoNewsVideo/kitco_news.htm Link to comment Share on other sites More sharing options...
fitkid Posted November 18, 2010 Report Share Posted November 18, 2010 try this link (there was a space after the colon Fitkid) http://www.kitco.com/KitcoNewsVideo/kitco_news.htm Thanks schaublin and i like the improved ettiqette and respect being shown on gei these days towards fellow posters after all calling me colon is much more polite than an a###hole. Link to comment Share on other sites More sharing options...
Schaublin Posted November 18, 2010 Report Share Posted November 18, 2010 Thanks schaublin and i like the improved ettiqette and respect being shown on gei these days towards fellow posters after all calling me colon is much more polite than an a###hole. You know, after I had typed the word 'colon', I wondered if you would take it the wrong way Link to comment Share on other sites More sharing options...
fitkid Posted November 18, 2010 Report Share Posted November 18, 2010 You know, after I had typed the word 'colon', I wondered if you would take it the wrong way You should know by now that my word association is very "colourable" and "imaginative". Link to comment Share on other sites More sharing options...
G0ldfinger Posted November 18, 2010 Author Report Share Posted November 18, 2010 Yes this is true, but gold was fairly valued in relation to the USD when it nose dived in both 1974 and 1980. Currently gold is still half its relative vaue compared to 1974. Further to this: Link to comment Share on other sites More sharing options...
warpig Posted November 18, 2010 Report Share Posted November 18, 2010 I like Catflap's posts, there's usually lots of detail to them. Catflaps posts on high yielding shares are very informatiive. His opinion is a very useful counter point to the group think we need to avoid. Link to comment Share on other sites More sharing options...
Perishabull Posted November 18, 2010 Report Share Posted November 18, 2010 I like Catflap's posts, there's usually lots of detail to them. It's a damn shame he doesn't post here any more, now why is that? Link to comment Share on other sites More sharing options...
electroweak Posted November 19, 2010 Report Share Posted November 19, 2010 Gold up $20 overnight last night. Shooting up again $8 now, sillver more. This is really unusual action for this time of night. Are the BIG TRADERs in asia buying all that cheap Gold and silver after comex crashed it? Link to comment Share on other sites More sharing options...
G0ldfinger Posted November 19, 2010 Author Report Share Posted November 19, 2010 Gold up $20 overnight last night. Shooting up again $8 now, sillver more. This is really unusual action for this time of night. Are the BIG TRADERs in asia buying all that cheap Gold and silver after comex crashed it? Upside correction. It had been too cheap recently. Link to comment Share on other sites More sharing options...
njpurser Posted November 19, 2010 Report Share Posted November 19, 2010 Gold up $20 overnight last night. Shooting up again $8 now, sillver more. This is really unusual action for this time of night. Are the BIG TRADERs in asia buying all that cheap Gold and silver after comex crashed it? I think so.... Link to comment Share on other sites More sharing options...
Schaublin Posted November 19, 2010 Report Share Posted November 19, 2010 Could it be that the Eastern buyers have not been taken in by the double-bluff QE nonsense? Link to comment Share on other sites More sharing options...
warpig Posted November 19, 2010 Report Share Posted November 19, 2010 James Turk - Delta-Hedging to Cause Gold Price to Explode With gold and silver taking off to the upside, King World News interviewed James Turk today out of Spain. Turk commented, “What we are seeing right now is the breaking apart of the gold cartel. They are losing control of the market just like they did back in the late 1960’s when gold began trading above $35 in the cash market in London, even though the price was still officially fixed at $35. The market was simply saying, we just don’t believe this $35 price anymore.” November 18, 2010 Turk continues: “The same principle applies today. The same group that is trying to hold the price down is being overrun just like they were in the late 1960’s. Normally you would expect the gold market to fade into next week’s options expiry. The fact that we are so strong today is an indication that the shorts are being overwhelmed and I am looking for higher prices as a result. This could be explosive over the next few days if the shorts have to start buying because of delta-hedging on the calls that they have written. In other words, the more the price of gold rises, the more they have to buy. This can be a vicious cycle that feeds upon itself causing prices to explode. I like Pierre Lassonde’s observation in his new audio interview on King World News that gold is going significantly higher because of all of the money printing around the globe. Eric, Pierre is laying out the big picture as to why gold is going much higher in the years ahead. Silver is up a dollar from yesterday which is a good indication that this market is different from what we have seen all decade long. It’s like we discussed the other day, lower prices just increase the demand for physical silver. The amazing thing is that we are seeing this even in the paper market. Open interest on the Comex is growing, so if any longs were shaken out, new buyers came in to replace them. What that does is put the silver shorts in an impossible position because now they are trapped short.” What Turk is saying is the the gold cartel is on the verge of suffering a major defeat in the gold war. With regards to silver, let’s just say they have been defeated and are now in the process of a full retreat. Link to comment Share on other sites More sharing options...
warpig Posted November 19, 2010 Report Share Posted November 19, 2010 Divorcing couple claim each has missing three gold bars that were 'just left lying around the house' How careless can you get? The mysterious disappearance of three solid gold bars is at the centre of a divorce battle in which a businessman claims he has been left all but penniless - while his ex-wife lives in a £2.5million mansion. In a tale of family money which goes all the way back to the Nazi holocaust, Peter Brandon, 67, says the bars were for years simply 'lying around' the 11-bedroom Buckinghamshire home he once shared with his ex-wife Christina - and that 'anyone may have picked them up'. But Mrs Brandon, 62, who still lives at the mansion in Prestwood, near High Wycombe, insists her ex-husband has the bullion, and the bars' disappearance is all part of his attempt to 'deliberately conceal' from her the true value of his wealth. Mr Brandon says the bars were a 'traditional family keepsake or safety net' against hard times and denies they are part of a 'secret fund' he has tried to hide from his ex-wife. And he argues that the £2.4million divorce payout she was awarded by a judge earlier this year has left her living in a house far too big for her while he has just £2,000 a month to live on. Link to comment Share on other sites More sharing options...
Kilham Posted November 19, 2010 Report Share Posted November 19, 2010 Divorcing couple claim each has missing three gold bars that were 'just left lying around the house' How careless can you get? Sounds like a load of Bullion to me Link to comment Share on other sites More sharing options...
Schaublin Posted November 19, 2010 Report Share Posted November 19, 2010 Divorcing couple claim each has missing three gold bars that were 'just left lying around the house' How careless can you get? And he argues that the £2.4million divorce payout she was awarded by a judge earlier this year has left her living in a house far too big for her while he has just £2,000 a month to live on. Shocking. How can he possibly live on only £2000/month? Link to comment Share on other sites More sharing options...
Jake Posted November 19, 2010 Report Share Posted November 19, 2010 Are the BIG TRADERs in asia buying all that cheap Gold and silver after comex crashed it? I admit, it was me. Link to comment Share on other sites More sharing options...
romans holiday Posted November 19, 2010 Report Share Posted November 19, 2010 At his speech in Frankfurt, Bernanke mentions the practical stabilizing role gold played in balancing currencies in the past! I don't think this was an accident. .... and China raises by 50 basis points. Link to comment Share on other sites More sharing options...
Concrete Jungle Posted November 19, 2010 Report Share Posted November 19, 2010 Gold mentioned at about 8:45 on Radio 4 this morning, the royal mint has seen sales of gold coins increase 400% on last year and silver coins are up 20% on last year. The R4 guy was at pains to point out gold is in a bubble, volatile commodity, you could lose a lot of money on gold, strange investment pays no dividend etc. If only Pravda had similarly cautioned about property in such a way. Link to comment Share on other sites More sharing options...
romans holiday Posted November 19, 2010 Report Share Posted November 19, 2010 http://www.greenenergyinvestors.com/index....st&p=147745 ......... gold is potentially of a "higher order" than the other currencies, it might make sense to make it your core currency. What I am getting at here is the free floating, increasingly unstable, system of currencies we currently have looks like it might have to be "anchored" in the near future to gold. Some of the problems it would solve: 1] Governments can target the price of gold by effectively capping the price by pegging to gold [Volker targeted gold by other means]. 2] Government can avoid the radical Volkerian solution of sky-high interest rates which would kill the economy. 3] Governments can devalue the dollar against Asian currencies by pegging the currencies at the appropriate levels. 4] Creditor countries would then have the greater part of their reserves guaranteed without the risk of sovereign default. 5] International trade can be restored and rebalanced due to currency revaluations. 6] A fiscal restraint of sorts on governments, and a show of good faith that liabilites will be met , and a rebuilding of trust between government now that government is on the monetary discipline of gold. 7] Securing the value of both debts and savings for whole populations. 8] A renewed international gold standard will alllow capital to remain freely flowing between countries and dampen protectionist policies. 9] The avoidance of war. There are just too many pragmatic solutions to be found in gold today to not seriously consider this outcome as the endgame. Link to comment Share on other sites More sharing options...
fitkid Posted November 19, 2010 Report Share Posted November 19, 2010 Gold mentioned at about 8:45 on Radio 4 this morning, the royal mint has seen sales of gold coins increase 400% on last year and silver coins are up 20% on last year. The R4 guy was at pains to point out gold is in a bubble, volatile commodity, you could lose a lot of money on gold, strange investment pays no dividend etc. If only Pravda had similarly cautioned about property in such a way. Here is a link to the above but was on radio 5 "wake up to (i have not got a clue about)Money" programme the litteraly laughable gold piece starts at 27 mins 30 secs link http://www.bbc.co.uk/iplayer/console/b00vv...oney_19_11_2010 Mickey clark "are kruggerands still around" "are people still buying them because they dont produce a yield" It should be called "WE NEED TO WAKE MICKEY UPTO MONEY BECAUSE HE HAS NOT GOT A CLUE" that just about sums up the general awareness of gold from the "GROUP THINK" camp.NOT A CLUE!!! Link to comment Share on other sites More sharing options...
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