romans holiday Posted October 6, 2008 Report Share Posted October 6, 2008 After procrastinating about buying gold for nearly a year (I used to be firmly in the deflation camp) the events of the weekend finally convinced me to open a bullion vault account. Yep, it seems to be about systemic failure now. The market is being crushed and gold continues to climb, which is impressive considering the market is freaking out over deflation. Today may break the previous record decline of 777 points. Already has dropped 519. Link to comment Share on other sites More sharing options...
dst Posted October 6, 2008 Report Share Posted October 6, 2008 Anyone who's even mildly impressed with Gold's move in USD today really out to look at it in turdy currencies... like GBP or NZD or AUD (or NOK, which is being ripped to shreds lately). Yes I noticed too: Gold up, Dollar up For UK buyers back over £500 < 2% off all time high Link to comment Share on other sites More sharing options...
Bobsta Posted October 6, 2008 Report Share Posted October 6, 2008 Bump... there goes Silver... will Gold follow? Link to comment Share on other sites More sharing options...
HPCsoYESTERDAY Posted October 6, 2008 Report Share Posted October 6, 2008 Bump... there goes Silver... will Gold follow? platinum took a whack of its highs as well - silver rallying though. Does anyone have a au/ag ratio 'marker' when they will start buying ag? Link to comment Share on other sites More sharing options...
romans holiday Posted October 6, 2008 Report Share Posted October 6, 2008 Anyone who's even mildly impressed with Gold's move in USD today really out to look at it in turdy currencies... like GBP or NZD or AUD (or NOK, which is being ripped to shreds lately). Chaos on the currency markets. The aussie down 7% and the kiwi 4% against the "worth a continental" dollar. Link to comment Share on other sites More sharing options...
bitbigt Posted October 6, 2008 Report Share Posted October 6, 2008 Very informative Buffet interview http://www.charlierose.com/shows/2008/10/1...-warren-buffett At 40'46'' he clearly feels we're setting ourselves up for big inflation problems Link to comment Share on other sites More sharing options...
qwerty Posted October 6, 2008 Report Share Posted October 6, 2008 Gold going back down again does not like round numbers! "We looked into the abyss if the gold price rose further. A further rise would have taken down one or several trading houses, which might have taken down all the rest in their wake. Therefore, at any price, at any cost, the central banks had to quell the gold price, manage it. It was very difficult to get the gold price under control but we have now succeeded. The U.S. Fed was very active in getting the gold price down. So was the U.K." Eddie George, Bank of England, September 1999 Link to comment Share on other sites More sharing options...
headmelter Posted October 6, 2008 Report Share Posted October 6, 2008 here are some guidelines for monday, remember, this is not a secure outlook, it is just an idea and it maybe wrong, always use stops: Ker, I'd be interested to hear your thoughts since todays move appears positive. Link to comment Share on other sites More sharing options...
kernull Posted October 6, 2008 Report Share Posted October 6, 2008 Ker, I'd be interested to hear your thoughts since todays move appears positive. yes, it looks positive, i will be looking for a position between 845 and 860 area tomorrow, they should take down today's highs. Link to comment Share on other sites More sharing options...
wrongmove Posted October 6, 2008 Report Share Posted October 6, 2008 somewhat OT, but there is a strong symettry in last couple of days chart for gold Link to comment Share on other sites More sharing options...
warpig Posted October 6, 2008 Report Share Posted October 6, 2008 What does this mean? Is this normal? somewhat OT, but there is a strong symettry in last couple of days chart for gold Link to comment Share on other sites More sharing options...
Gebb Posted October 6, 2008 Report Share Posted October 6, 2008 From the Ticker Forum: Gold NY Spot and Market Prices Diverging Wildly Apmex: Spot 872.70 1Oz non collectible St. Gaudens 1129.34 Delta: 256.34 Premium: 29.37% What about silver? Do you have any data on that? Thanks. Silver's worse. Even Kitco is advertising on their main page paying $1.35 (still low balling) above spot. For Kitco to do that, shows how desperate they are to get some. Sooner or later the paper market, home to den of thieves, has to re-connect to show physical shortage. The market is currently broken. All it would take is for one large order long to take delivery. Yes, the COMEX would force a cash settlement since they could not deliver but just news of this cash settlement would send the price orbital as it would confirm COMEX short supply. Link to comment Share on other sites More sharing options...
seekingclarity Posted October 7, 2008 Report Share Posted October 7, 2008 yes, it looks positive, i will be looking for a position between 845 and 860 area tomorrow, they should take down today's highs. Just a quick thank you for your excellent chartwork & endless good calls as far as I can see - power to you! Link to comment Share on other sites More sharing options...
Steve Netwriter Posted October 7, 2008 Report Share Posted October 7, 2008 I don't think I've posted this It's been a long day ! Hedging against deflation http://cij.inspiriting.com/?p=555 I do enjoy their easy to read articles. A simple explanation, and one goldbugs will appreciate I'm sure. Link to comment Share on other sites More sharing options...
wrongmove Posted October 7, 2008 Report Share Posted October 7, 2008 What does this mean? Is this normal? It doesn't mean anything. It just looked quite pretty while it lasted! Link to comment Share on other sites More sharing options...
ologhai Posted October 7, 2008 Report Share Posted October 7, 2008 IceSave has just stopped investors withdrawing their money! (According to BBC News.) And gold in GBP is making strident moves upwards... Link to comment Share on other sites More sharing options...
goldenbee Posted October 7, 2008 Report Share Posted October 7, 2008 IceSave has just stopped investors withdrawing their money! (According to BBC News.) And gold in GBP is making strident moves upwards... Oh! Isn't that where a lot the Hpc'ers put their STR funds? New high in GBP? Link to comment Share on other sites More sharing options...
ologhai Posted October 7, 2008 Report Share Posted October 7, 2008 Oh! Isn't that where a lot the Hpc'ers put their STR funds? New high in GBP? Gold looks to be around £508 which is still a quid or three below the high isn't it? I don't have any money with IceSave, but I withdrew a few grand from Kaupthing Edge yesterday morning at around 7am (about 27 hours ago...) I guess that makes me part of Iceland's problem. Link to comment Share on other sites More sharing options...
HPCSucks Posted October 7, 2008 Report Share Posted October 7, 2008 Gold looks to be around £508 which is still a quid or three below the high isn't it? I don't have any money with IceSave, but I withdrew a few grand from Kaupthing Edge yesterday morning at around 7am (about 27 hours ago...) I guess that makes me part of Iceland's problem. The highest fix was £508.445 on 17th March 2008. Link to comment Share on other sites More sharing options...
CIGA Posted October 7, 2008 Report Share Posted October 7, 2008 Just a quick thank you for your excellent chartwork & endless good calls as far as I can see - power to you! Yes - GREAT work Ker! Link to comment Share on other sites More sharing options...
ologhai Posted October 7, 2008 Report Share Posted October 7, 2008 The highest fix was £508.445 on 17th March 2008. Didn't it get higher than that last Monday? If it didn't, it must've been pretty close! Link to comment Share on other sites More sharing options...
warpig Posted October 7, 2008 Report Share Posted October 7, 2008 I agree! It doesn't mean anything. It just looked quite pretty while it lasted! Link to comment Share on other sites More sharing options...
Mr Pipples Posted October 7, 2008 Report Share Posted October 7, 2008 The highest fix was £508.445 on 17th March 2008. Busted. Link to comment Share on other sites More sharing options...
Steve Netwriter Posted October 7, 2008 Report Share Posted October 7, 2008 Can we break out the gold & silver rockets ? Link to comment Share on other sites More sharing options...
romans holiday Posted October 7, 2008 Report Share Posted October 7, 2008 POG out of the gates ealier today. Could push through 900 and beyond. Link to comment Share on other sites More sharing options...
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