GOLD

[Justin Thyme]

Silver just about to head into the elevens Gutting

[bitbigt]

Yes, I doubt if the SWFs will come back in and buy F&F bonds which the govt is desperately hoping. Why would they?

 

Looks bad for the dollar. Is this where monetization starts?

No. It is where monetization accelerates

 

I also wonder whether the history of Northern Rock might not reapeat itself...

That group is now doing everything it can (raising interest rates, offering smaller percentage loans, etc) to decrease the number of mortages it backs. This is because it wants to lower its obligations and claw back cash to increase is reserves. Everyone except those with really bad credit rating are moving on to other lenders. But moving on to another lender won't be such an easy option shou8ld F+F start acting like NR, since F+F are behind over half of all US mortgages. So could this mean that the bale out is actually going to depress rather than stimulate the US housing market over the next few years? ...hmmmmm

 

 

 

 

 

 

 

 

 

[warpig]

We all know where gold is going medium to long term, don't worry, this is actually good news. We're at least going to see $680 again IMO, but I would prefer to see $620, fingers crossed. I hope it gets whacked to death, then I am all/mostly in with my STR fund.

[ologhai]

We all know where gold is going medium to long term, don't worry, this is actually good news. We're at least going to see $680 again IMO, but I would prefer to see $620, fingers crossed. I hope it gets whacked to death, then I am all/mostly in with my STR fund.

 

I wish I shared your conviction.

 

Maybe.

[azazel]

Just bought some gold & silver.

 

Expect massive drops.

 

I ordered 100 ounce silver coins over the weekend. I will wait until the end of the week before I pay for them in case the price drops, in which case I will reorder and cancel existing order That way I wont be too disappointed if it does fall further!

[cazlane]

I ordered 100 ounce silver coins over the weekend. I will wait until the end of the week before I pay for them in case the price drops, in which case I will reorder and cancel existing order That way I wont be too disappointed if it does fall further!

 

Who on earth lets you order and cancel like that? Most of em tie you in once you've placed an order...

[TinBrick]

We all know where gold is going medium to long term

 

Speak for yourself, I've no idea where it's going!

[headmelter]

I ordered 100 ounce silver coins over the weekend. I will wait until the end of the week before I pay for them in case the price drops, in which case I will reorder and cancel existing order That way I wont be too disappointed if it does fall further!

 

 

I also ordered 100 silver from coininvest, can I cancel if the price drops without any bother?

[somadude]

If I couldn't read posts like the last one, I'd think I was the only one who thought this way, and would think it must be me going mad.

 

It's nice to know it's not me that's mad

 

Just watching the mainstream media (web, tv, radio..) and the sheeple.. it just feels like watching bizarro-world..

[kernull]

here is my outlook for this week-next tuesday:

silver beaten more, more volume on the downside, looking for 10.50 as the lowest price until 16 sep (will be buying if i get it)

eur/usd is going to 1.3300 , but it is likely to get some rest at 1.3800

oil: I almost believe it bottomed at 105, but wont be buying until eur hits the desired targets

gold: will be looking for confirmation of double bottom at 780 area, confirming the low of 15 aug

basicaly, preparing for a rally next week, as I believe after FEDs meeting dollar will be sold out no matter whatever decision they will take. not yet for reversal , though, only a retracement for about 2 weeks period, the reversal i think will be after elections.

[bitbigt]

Gold is still creeping Northwards, in Sterling.

 

See: http://www.bullionvault.com/gold-price-chart.do

 

[ps. any one know of a similar site to get the spot price of oil in Sterling?]

[Steve Netwriter]

GoldMoney Alert - 7 September 2008

Does the Buck Stop Here?

James Turk

http://www.goldmoney.com/en/commentary/2008-09-07.html

 

The US Dollar Index has bounced back into major over-head resistance. This resistance arises because it marks the previous low in the Dollar Index.

 

No one can predict the future, and this short analysis is not an attempt to do so. Instead, it simply highlights that there are meaningful reasons to suggest that the bear market rally in the dollar stops here, and by implication, the correction in the precious metals stops here too.

[HPCsoYESTERDAY]

I ordered 100 ounce silver coins over the weekend. I will wait until the end of the week before I pay for them in case the price drops, in which case I will reorder and cancel existing order That way I wont be too disappointed if it does fall further!

 

pardon my ignorance, but wtf!!

 

I was 1 day late with payment on a brits order and I got a shirty (automated in fairness) e-mail asking where the funds were, so I think they have taken a shine to you azazel, cos I cannae get away with canceling an existing order.

[azazel]

pardon my ignorance, but wtf!!

 

I was 1 day late with payment on a brits order and I got a shirty (automated in fairness) e-mail asking where the funds were, so I think they have taken a shine to you azazel, cos I cannae get away with canceling an existing order.

 

Maybe I'm mistaken then. I have made some large purchases so perhaps they were easy on me. She sounds a babe so maybe you are right about the shine

 

If they did let you cancel an order I wouldn't abuse it

[mattyboy]

I also ordered 100 silver from coininvest, can I cancel if the price drops without any bother?

 

I don't know about coin invest having not used their service but I find these questions on this thread bizarre! If the price doubled and they cancelled your order before delivery, I imagine you would be somewhat peeved!

When you placed your order, you took a price - live with it!

[drbubb]

GoldMoney Alert - 7 September 2008

Does the Buck Stop Here?

James Turk

http://www.goldmoney.com/en/commentary/2008-09-07.html

 

The US Dollar Index has bounced back into major over-head resistance. This resistance arises because it marks the previous low in the Dollar Index.

 

Near/about USD-80 is important resistance IMO

 

[stevecook172001]

We all know where gold is going medium to long term, don't worry, this is actually good news. We're at least going to see $680 again IMO, but I would prefer to see $620, fingers crossed. I hope it gets whacked to death, then I am all/mostly in with my STR fund.

yes, this is what I am hoping for, to be honest

[ologhai]

yes, this is what I am hoping for, to be honest

 

I've already invested all the money I'd intended to on gold and silver, and it amounts to between 10 and 15% of my proverbial life savings.

 

I think it's fairly unlikely that I'll be putting any more (or perhaps much more) into it. Shame really as I'd've been better off all round spending my 10 to 15% now rather than over the last few months.

 

I guess this highlights that, when it comes to the alleged long-term bull in gold and silver, I lack conviction, and I'm still just a wishy-washy 'neither'...

[G0ldfinger]

We all know where gold is going medium to long term, don't worry, this is actually good news. We're at least going to see $680 again IMO, but I would prefer to see $620, fingers crossed. I hope it gets whacked to death, then I am all/mostly in with my STR fund.

$680 -- Are you really sure that you wouldn't run around like a headless chicken, quoting Prechter and Mish (and RB) all the time, screaming you're only going to hold Dollars from now on?

[HPCsoYESTERDAY]

We all know where gold is going medium to long term, don't worry, this is actually good news. We're at least going to see $680 again IMO, but I would prefer to see $620, fingers crossed. I hope it gets whacked to death, then I am all/mostly in with my STR fund.

 

If James Turk is right about the dollar bear market rally ending, then I would be very surprised to see pog fall below 770 ish

[cgnao]

MUHAHAHHAHAHAHAHHAHAHAHHAHAHAHHAHAHAHAHAHAHHAHA

 

http://sdw.ecb.europa.eu/quickview.do?SERI...N.8.812A.N.U4.G

 

Official reserve assets, gold (including gold deposits and, if appropriate, gold swapped), volume in fine troy ounces - European Central Bank vis-a-vis Extra Euro area - Outstanding amounts at the end of the period (stocks) - Neither seasonally nor working day adjusted

 

 

2008Jul 17.156 A

2008Jun 18.120 A

2008May 18.120 A

2008Apr 18.120 A

2008Mar 18.120 A

2008Feb 18.120 A

2008Jan 18.120 A

2007Dec 18.092 A

2007Nov 19.442 A

2007Oct 19.442 A

2007Sep 19.442 A

2007Aug 19.442 A

2007Jul 19.442 A

2007Jun 19.442 A

2007May 20.632 A

2007Apr 20.632 A

2007Mar 20.632 A

2007Feb 20.632 A

2007Jan 20.632 A

2006Dec 20.572 A

2006Nov 21.312 A

2006Oct 21.312 A

2006Sep 21.312 A

2006Aug 21.312 A

2006Jul 21.312 A

2006Jun 21.312 A

2006May 21.312 A

2006Apr 23.145 A

2006Mar 23.145 A

2006Feb 23.145 A

2006Jan 23.145 A

2005Dec 23.145 A

2005Nov 23.145 A

2005Oct 23.145 A

2005Sep 23.145 A

2005Aug 23.145 A

2005Jul 23.145 A

2005Jun 23.145 A

2005May 23.145 A

2005Apr 23.145 A

2005Mar 24.656 A

2005Feb 24.656 A

2005Jan 24.656 A

2004Dec 24.656 A

2004Nov 24.656 A

2004Oct 24.656 A

2004Sep 24.656 A

2004Aug 24.656 A

2004Jul 24.656 A

2004Jun 24.656 A

2004May 24.656 A

2004Apr 24.656 A

2004Mar 24.656 A

2004Feb 24.656 A

2004Jan 24.656 A

2003Dec 24.656 A

2003Nov 24.656 A

2003Oct 24.656 A

2003Sep 24.656 A

2003Aug 24.656 A

2003Jul 24.656 A

2003Jun 24.656 A

2003May 24.656 A

2003Apr 24.656 A

2003Mar 24.656 A

2003Feb 24.656 A

2003Jan 24.656 A

2002Dec 24.656 A

2002Nov 24.656 A

2002Oct 24.656 A

2002Sep 24.656 A

2002Aug 24.656 A

2002Jul 24.656 A

2002Jun 24.656 A

2002May 24.656 A

2002Apr 24.656 A

2002Mar 24.656 A

2002Feb 24.656 A

2002Jan 24.656 A

2001Dec 24.656 A

2001Nov 24.656 A

2001Oct 24.656 A

2001Sep 24.656 A

2001Aug 24.656 A

2001Jul 24.656 A

2001Jun 24.656 A

2001May 24.656 A

2001Apr 24.656 A

2001Mar 24.656 A

2001Feb 24.656 A

2001Jan 24.656 A

2000Dec 24.030 A

2000Nov 24.030 A

2000Oct 24.030 A

2000Sep 24.030 A

2000Aug 24.030 A

2000Jul 24.030 A

2000Jun 24.030 A

2000May 24.030 A

2000Apr 24.030 A

2000Mar 24.030 A

2000Feb 24.030 A

2000Jan 24.030 A

1999Dec 24.030 A

 

[PricedOutNative]

Do they have an official reason for reducing their gold reserves?

 

MUHAHAHHAHAHAHAHHAHAHAHHAHAHAHHAHAHAHAHAHAHHAHA

 

[drbubb]

http://sdw.ecb.europa.eu/quickview.do?SERI...N.8.812A.N.U4.G

 

Official reserve assets, gold (including gold deposits and, if appropriate, gold swapped), volume in fine troy ounces - European Central Bank vis-a-vis Extra Euro area - Outstanding amounts at the end of the period (stocks) - Neither seasonally nor working day adjusted

 

An accelerating selloff.

Do they know what they are doing?

 

[ziknik]

An accelerating selloff.

Do they know what they are doing?

 

Central Banks usually look at their gold as a value and not a number of ounces. They try to maintain the value.When the price goes up they sell and when the price comes down they buy.

[G0ldfinger]

Looks as if we're building a massive base for the next move up.