Steve Netwriter Posted July 11, 2008 Report Share Posted July 11, 2008 Go'on Steve... it's Friday night... you *know* you want to stay up late and watch the action!! Just like the British Grand Prix or FA Cup (or whatever sport floats your boat). OK I made it to 3:05am They better not knock it down now. Peaked so far at 967 Link to comment Share on other sites More sharing options...
Bobsta Posted July 11, 2008 Report Share Posted July 11, 2008 OK I made it to 3:05am They better not knock it down now. Peaked so far at 967 LOL! Steve, you are the new Silver Sammy!! Bash, bash, bash go the PPT. $957.20 and falling... Link to comment Share on other sites More sharing options...
bitbigt Posted July 11, 2008 Report Share Posted July 11, 2008 Bash, bash, bash go the PPT. $957.20 and falling... Bish bash tosh!! They're loosing the war!... Taking out 950 so soon and so effortlessly after running up from sub-880 at the start if July is amazing. Sure, we may now fight with 1000 over the summer, or even range between 930-1000, but a September blast into the stratosphere is looking extremely likely now - regardless of how much the PPT bishes and bashes in the meantime Link to comment Share on other sites More sharing options...
alexreeve Posted July 11, 2008 Report Share Posted July 11, 2008 Bish bash tosh!! They're loosing the war!... Taking out 950 so soon and so effortlessly after running up from sub-880 at the start if July is amazing. Sure, we may now fight with 1000 over the summer, or even range between 930-1000, but a September blast into the stratosphere is looking extremely likely now - regardless of how much the PPT bishes and bashes in the meantime I'm amazed how quickly Gold passed 950 after breaking above 912. Awesome! Link to comment Share on other sites More sharing options...
azazel Posted July 11, 2008 Report Share Posted July 11, 2008 will the Dow fall below 11000 today? 11022 now Great to see gold breaking out of the trading range. The virtual beers are on me tonight!! edit 11012! Link to comment Share on other sites More sharing options...
wren Posted July 11, 2008 Report Share Posted July 11, 2008 Three consecutive days of significant up movement in London afternoon and New York morning trading are clear on the kitco.com chart with no serious smackdowns: http://www.kitco.com/charts/livegold.html Bandits at one o'clock? Can they manage a Friday smackdown? 956.70. No sign yet. Link to comment Share on other sites More sharing options...
Gatesy Posted July 11, 2008 Report Share Posted July 11, 2008 will the Dow fall below 11000 today? 11022 now Great to see gold breaking out of the trading range. The virtual beers are on me tonight!! cheers! Link to comment Share on other sites More sharing options...
G0ldfinger Posted July 11, 2008 Author Report Share Posted July 11, 2008 Bish bash tosh!! They're loosing the war!... Taking out 950 so soon and so effortlessly after running up from sub-880 at the start if July is amazing. Sure, we may now fight with 1000 over the summer, or even range between 930-1000, but a September blast into the stratosphere is looking extremely likely now - regardless of how much the PPT bishes and bashes in the meantime If it does not go over $1,000 before September, I'll be stocking up more, especially some silver while the ratio is above 50:1, or close. Link to comment Share on other sites More sharing options...
Gatesy Posted July 11, 2008 Report Share Posted July 11, 2008 If it does not go over $1,000 before September, I'll be stocking up more, especially some silver while the ratio is above 50:1, or close. GF, can't remember whether you are a fan of Silver Wheaton as a physical substitute? I seemed to settle on SW as a low cost way to gain ownership of ounces (via equity) a little while ago (given the large premiums on Goldmoney), but with the eq market turmoil as it is thought I'd give it the once over on here again.. Link to comment Share on other sites More sharing options...
azazel Posted July 11, 2008 Report Share Posted July 11, 2008 Three consecutive days of significant up movement in London afternoon and New York morning trading are clear on the kitco.com chart with no serious smackdowns: http://www.kitco.com/charts/livegold.html Bandits at one o'clock? Can they manage a Friday smackdown? 956.70. No sign yet. Are you a bit of a rocker? Aces high....?? Its just that if you are I'd have thought you would be called "Raven of hades" or "eagle of death" or something. Instead you are "Wren" The great thing about gold is that its an antidote for all the bad in the world. When every thing goes tits up and could get you down, gold is good news in such dire times. When I see the price of food and fuel I think, yer bring it on! Nice beer pic BTW Gatesy, cheers EDIT Dow at 10997 hahahha Link to comment Share on other sites More sharing options...
bitbigt Posted July 11, 2008 Report Share Posted July 11, 2008 will the Dow fall below 11000 today? 11022 now I predict DOW at 10500 in a week or so. Could even believe 10000, as I'm expecting a major collapse sometime soon. Cash all lined up and awaiting that event [actually, I've been predicting and waiting for it since last July when I cashed out of the SM, and now quite excited that its getting so close. After it happens, I think the recovery will be brief and profitable, after which I'll be back into cash again as gawd only knows what will happen after that!!!] Link to comment Share on other sites More sharing options...
bitbigt Posted July 11, 2008 Report Share Posted July 11, 2008 If it does not go over $1,000 before September, I'll be stocking up more, especially some silver while the ratio is above 50:1, or close. Hi GF: I'm 95% gold and 5% silver, and kick myself for not buying S more when at 16.50 recently. But I'm actually still not as sure as you that the GS ratio will change all that much. For your sake (you've got lots of silver, right?), I hope I'm wrong Link to comment Share on other sites More sharing options...
CIGA Posted July 11, 2008 Report Share Posted July 11, 2008 Hi GF: I'm 95% gold and 5% silver, and kick myself for not buying S more when at 16.50 recently. But I'm actually still not as sure as you that the GS ratio will change all that much. For your sake (you've got lots of silver, right?), I hope I'm wrong I don't think GS is worried about that and neither should he be either. They key to silver IMO is the exit, the exit must happen prior to the quick and violent descent but not too early otherwise one will miss the quick and violent ascent. Link to comment Share on other sites More sharing options...
drbubb Posted July 11, 2008 Report Share Posted July 11, 2008 Gold stocks (GDX) are finding a bid, as Gold (GLD) drifts off its highs GDX Last [Tick] 49.0700[ + ] Change 2.4000 % Change 5.14% Day High 49.0899 Day Low 47.96 GLD Last [Tick] 94.9100[ + ] Change 1.3800 % Change 1.48% Day High 95.50 Day Low 94.2552 Link to comment Share on other sites More sharing options...
dietcolaaddict Posted July 11, 2008 Report Share Posted July 11, 2008 Wow, what a day to have my internet down at work. Look at the news on my home PC homepage, Yahoo UK. 5 seriously bear items. Meanwhile in other news......Shark found in Sydney swimming pool Link to comment Share on other sites More sharing options...
alexreeve Posted July 11, 2008 Report Share Posted July 11, 2008 Are you a bit of a rocker? Aces high....?? Its just that if you are I'd have thought you would be called "Raven of hades" or "eagle of death" or something. I saw Iron Maiden Live last week and they opened with Aces High! I also have a less than apocalyptic name though. Link to comment Share on other sites More sharing options...
Steve Netwriter Posted July 11, 2008 Report Share Posted July 11, 2008 I think this is getting to me I partly remember a dream last night. I woke up, and gold was at......................................$8000 My concern ? Well what do I do now ? Do I really want to sell it to buy fiat ? I won't tell you what silver was, but it was VERY high ! Oh OK, it was $1000 It's rather odd "living through that". A mixture of "wow, wow, wow" and "but now what?". So, what would you do if you woke up and found gold was at $8000 ? Oh, and "like a knife through butter" :D Link to comment Share on other sites More sharing options...
Gatesy Posted July 11, 2008 Report Share Posted July 11, 2008 Meanwhile in other news......Shark found in Sydney swimming pool OT but the amazing part of that story was that regular swimmers at the pool at 6am (whilst it's still dark...) turned up as normal and swam without knowing.... I was wondering just how hungry that shark may have been having not had his breakfast ! Link to comment Share on other sites More sharing options...
romans holiday Posted July 12, 2008 Report Share Posted July 12, 2008 I think this is getting to me I partly remember a dream last night. I woke up, and gold was at......................................$8000 My concern ? Well what do I do now ? Do I really want to sell it to buy fiat ? I won't tell you what silver was, but it was VERY high ! Oh OK, it was $1000 It's rather odd "living through that". A mixture of "wow, wow, wow" and "but now what?". So, what would you do if you woke up and found gold was at $8000 ? Oh, and "like a knife through butter" :D I intend to ride the price of gold as it goes up and assets deflate. At some point, I hope to jump [like Mario the plumber] and swap gold for stuff I really want, like land, a house and a boat [perhaps the DOW when it can be bought for 1/2 an ounce ]. I hope I will never need to swap any for fiat. Gold really looks to be riding up on wave 3 now. Doubt the sharks can do much. Link to comment Share on other sites More sharing options...
romans holiday Posted July 12, 2008 Report Share Posted July 12, 2008 The commentators on CNBC seem to be getting more jittery, almost panicky, with each passing week. The latest news on the giant US mortgage providers Fannie and Freddie are playing havoc with the markets. The video mentions they are practically insolvent with less than 2 cents in the dollar to cover their commitments, with the further point that if the Fed rids to the rescue, it could destroy any credibility they may have left. I can see a lot of investors piling into gold soon. http://www.cnbc.com/id/15840232?video=791559797&play=1 http://www.cnbc.com/id/15840232?video=791551896&play=1 http://www.cnbc.com/id/15840232?video=791558399&play=1 http://www.cnbc.com/id/15840232?video=791513375&play=1 The last one; Freddie and Fannie are 80% of the market. Link to comment Share on other sites More sharing options...
romans holiday Posted July 12, 2008 Report Share Posted July 12, 2008 After a bank run, where customers withdrew 1.3 billion dollars in the past 11 days, Californian mortgage bank Indymac has collapsed. The second largest institution to fail in US history. http://news.bbc.co.uk/2/hi/business/7503109.stm "Today our primary focus is supporting Fannie Mae and Freddie Mac in their current form as they carry out their important mission Treasury Secretary Henry Paulson Q&A: Freddie Mac and Fannie Mae It is the fifth US financial institution this year to succumb amid a credit crunch, falling house prices and rising foreclosures. The move came after rollercoaster trading on Friday for Freddie Mac and Fannie Mae - which are behind half of all US mortgages. They play an important role in the financial markets in providing funding for home loans by buying up mortgages and packaging them as investments. As mortgage backers, the companies have had to pay out when homeowners have defaulted on their loans. Both firms defended their finances, saying they had enough capital to weather the housing slump. " Of deflationary significance, Indymac was unable to borrow further funds itself. Link to comment Share on other sites More sharing options...
Steve Netwriter Posted July 12, 2008 Report Share Posted July 12, 2008 I intend to ride the price of gold as it goes up and assets deflate. At some point, I hope to jump [like Mario the plumber] and swap gold for stuff I really want, like land, a house and a boat [perhaps the DOW when it can be bought for 1/2 an ounce ]. I hope I will never need to swap any for fiat. Gold really looks to be riding up on wave 3 now. Doubt the sharks can do much. Yes, I don't claim my dream involved any reliable or sensible financial calculations Quite an odd experience though. Just to feel how you'd feel in such a situation. And yes, thinking about it while awake things like land, a house (or 20x ) etc would seem to make sense. Anyway, first things first, lets break above $1000 first Link to comment Share on other sites More sharing options...
romans holiday Posted July 12, 2008 Report Share Posted July 12, 2008 It is funny you mention a dream. Mine was about silver [i only have gold]... it was taking off and I had that dreaded feeling of being left behind. Dreams a. Link to comment Share on other sites More sharing options...
G0ldfinger Posted July 12, 2008 Author Report Share Posted July 12, 2008 GF, can't remember whether you are a fan of Silver Wheaton as a physical substitute? I seemed to settle on SW as a low cost way to gain ownership of ounces (via equity) a little while ago (given the large premiums on Goldmoney), but with the eq market turmoil as it is thought I'd give it the once over on here again.. I don't own share for two reasons: (1) lazyness (no account yet), (2) lack of money. But I think shares should not be a substitute of a physical core holding. Hi GF: I'm 95% gold and 5% silver, and kick myself for not buying S more when at 16.50 recently. But I'm actually still not as sure as you that the GS ratio will change all that much. For your sake (you've got lots of silver, right?), I hope I'm wrong I think the worst case in silver will be that it performs as well as gold. Link to comment Share on other sites More sharing options...
dietcolaaddict Posted July 12, 2008 Report Share Posted July 12, 2008 OT but the amazing part of that story was that regular swimmers at the pool at 6am (whilst it's still dark...) turned up as normal and swam without knowing.... I was wondering just how hungry that shark may have been having not had his breakfast ! Sharks are greatly mis-understood creatures. Like bears, they only require food intake once or twice a week. Bump into one after it has just eaten, and it will pay you no attention. However, encounter one after a fortnight of famine, and it will show you aggression in nature's purest form. As many property and market investors are about to see, the 2008 bear is very, very hungry. Link to comment Share on other sites More sharing options...
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