romans holiday Posted October 8, 2008 Report Share Posted October 8, 2008 FTSE tanking -4% in first hour. Market wants a rate cut. Will it help? Could be quite an anti-climax as the vortex sucks it up and the market continues to sink. Link to comment Share on other sites More sharing options...
LauraB Posted October 8, 2008 Report Share Posted October 8, 2008 ...oh alright then, since you said please Thxs bigt. One wonders if anyone else would have asked Wot? - no gold dip predictions? -- just to the nearest hour would do;) Link to comment Share on other sites More sharing options...
G0ldfinger Posted October 8, 2008 Author Report Share Posted October 8, 2008 I get the impression we are witnessing something right now. Am I the only one getting a funny feeling about this ? £516.10/oz US$909.15 Next leg up..... IMO, we could see the mothers of all legs up very soon. Just look at this here. Link to comment Share on other sites More sharing options...
romans holiday Posted October 8, 2008 Report Share Posted October 8, 2008 Don't want to sound smug in any way but, I've noticed that some of the most vehement anti-gold posters on HPC are getting a bit of a shock at just how serious this is getting, particularly ones with turdling in Icesave......... Yes, I remember people talking about the great interest rates on offer in Iceland quite a while back. That should always be a warning. Edit: also there were plenty of informed posters intelligently discussing the reasons why people should hedge in various currencies [preferably the natural ones]. I think a combination of prejudice and ideology hindered some from seeing the prudence of doing this. Link to comment Share on other sites More sharing options...
ologhai Posted October 8, 2008 Report Share Posted October 8, 2008 - As I predicted, oil did not fall below 90 is Sept. But I think we'll see 75-80 this month, and over the next 6 months it may even touch 65-70 [and if so, load up!!!!!]. Thanks for your views, BigT. Does anyone know of a good place to see the current oil price and oil price charts? (Apologies for polluting The Gold One with oil talk! ) Link to comment Share on other sites More sharing options...
ologhai Posted October 8, 2008 Report Share Posted October 8, 2008 Oh, and on the subject of the price of gold... HOLY COW! (I'm particularly looking at it in GBP...) Link to comment Share on other sites More sharing options...
mattyboy Posted October 8, 2008 Report Share Posted October 8, 2008 Oh, and on the subject of the price of gold... HOLY COW! (I'm particularly looking at it in GBP...) try AUD!! Link to comment Share on other sites More sharing options...
wee Jinky Posted October 8, 2008 Report Share Posted October 8, 2008 Platinum? $996 against gold at $910 Is this not a better buy ? considering it hit $2300 in the past is it not ALWAYS worth more than gold Link to comment Share on other sites More sharing options...
electroweak Posted October 8, 2008 Report Share Posted October 8, 2008 Platinum? $996 against gold at $910 Is this not a better buy ? considering it hit $2300 in the past is it not ALWAYS worth more than gold guess it depends if there's demand from the auto industry or not. Link to comment Share on other sites More sharing options...
romans holiday Posted October 8, 2008 Report Share Posted October 8, 2008 Platinum? $996 against gold at $910 Is this not a better buy ? considering it hit $2300 in the past is it not ALWAYS worth more than gold Depends if you believe in the commodity bull market. If POP goes to 400/500, I will buy some. Edit: IMO we will see continued deflation and deleveraging. This will lead to a continued decline in commodity prices. Once the emerging economies bounce back and reassert themselves we will only then see a reassertion of the commodity bull. If this scenario plays out, think of the opportunities as the market capitulates. Link to comment Share on other sites More sharing options...
warpig Posted October 8, 2008 Report Share Posted October 8, 2008 Not IMO, it isn't a monetary metal. Gold at the moment is a safe bet, this would be pure speculation. Platinum? $996 against gold at $910 Is this not a better buy ? considering it hit $2300 in the past is it not ALWAYS worth more than gold Link to comment Share on other sites More sharing options...
HPCsoYESTERDAY Posted October 8, 2008 Report Share Posted October 8, 2008 Platinum? $996 against gold at $910 Is this not a better buy ? considering it hit $2300 in the past is it not ALWAYS worth more than gold I bought some 1/2 oz plat. eagles from kitco last week - here's a wee snippet from yesterday: Similarly, the Mint said that all denominations for American Eagle platinum bullion coins were depleted last week, and it would halt production for the rest of the year once the remaining inventory was depleted. http://www.reuters.com/article/fundsFundsN...07?rpc=401& I am still in much bigger au than pt, but will buy pt weakness now relative to au Link to comment Share on other sites More sharing options...
G0ldfinger Posted October 8, 2008 Author Report Share Posted October 8, 2008 I will start considering Pt and Pd as soon as XPT<XAU. Platinum is much more scarce than gold and a depleting resource. Pd is the metal for the hydrogen future. I will load up at some stage. Link to comment Share on other sites More sharing options...
wee Jinky Posted October 8, 2008 Report Share Posted October 8, 2008 cheers guys I thought the downturn was linked to catalytic conversion production if it gets cheaper than Au I'll get some meanwhile I'll stick to Krugers I also like the price of silver at the moment although I can only get bars over the counter from my bank and the difference in VAT rates (germany) 19.5 as opposed to 7% for coins has put me off Link to comment Share on other sites More sharing options...
warpig Posted October 8, 2008 Report Share Posted October 8, 2008 How does the POS compare with coininvestdirect.com? I bought a couple of kilos a few weeks ago, seems very cheap to me. cheers guys I thought the downturn was linked to catalytic conversion production if it gets cheaper than Au I'll get some meanwhile I'll stick to Krugers I also like the price of silver at the moment although I can only get bars over the counter from my bank and the difference in VAT rates (germany) 19.5 as opposed to 7% for coins has put me off Link to comment Share on other sites More sharing options...
electroweak Posted October 8, 2008 Report Share Posted October 8, 2008 So a rate cut causes POG to drop by $20?? man, this is just wierd. Link to comment Share on other sites More sharing options...
bitbigt Posted October 8, 2008 Report Share Posted October 8, 2008 Thxs bigt. One wonders if anyone else would have asked Nah.... they all know I'm full of $£%t Link to comment Share on other sites More sharing options...
romans holiday Posted October 8, 2008 Report Share Posted October 8, 2008 So a rate cut causes POG to drop by $20?? man, this is just wierd. "inflationary pressures have started to moderate". http://kr.youtube.com/watch?v=DlkdtS8OFlA Link to comment Share on other sites More sharing options...
MattFC Posted October 8, 2008 Report Share Posted October 8, 2008 inflationary pressures have started to moderate. GBP up against USD also.. this is counter intuative Link to comment Share on other sites More sharing options...
ziknik Posted October 8, 2008 Report Share Posted October 8, 2008 Thanks for your views, BigT. Does anyone know of a good place to see the current oil price and oil price charts? (Apologies for polluting The Gold One with oil talk! ) Try these two. This one is my fav chart because Gold/silver prices available in a range of currencies. You can overlay PoO (Brent) or a currency on to your gold or silver chart. http://goldprice.org/live-gold-price.html On this one, you can have multiple versions of the above on the same screen. Its got a WTI oil and well as Brent. Gold and Silver in USD only. http://netdania.com/Products/ChartStation/ChartStation.aspx Link to comment Share on other sites More sharing options...
G0ldfinger Posted October 8, 2008 Author Report Share Posted October 8, 2008 So a rate cut causes POG to drop by $20?? man, this is just wierd. Just laugh to yourself, buy, and say thank you. And you really shouldn't feel bad about it. They're morons, not you. Link to comment Share on other sites More sharing options...
bitbigt Posted October 8, 2008 Report Share Posted October 8, 2008 Thanks for your views, BigT. Does anyone know of a good place to see the current oil price and oil price charts? (Apologies for polluting The Gold One with oil talk! ) Here's some free live charts, all in USD: http://www.livecharts.co.uk/MarketCharts/crude.php I'm still looking for some real or near-real time oil charts in Sterling. Anyone know of anything? Link to comment Share on other sites More sharing options...
MattFC Posted October 8, 2008 Report Share Posted October 8, 2008 So a rate cut causes POG to drop by $20?? man, this is just wierd. recovering very fast.. back to 905 Link to comment Share on other sites More sharing options...
alexreeve Posted October 8, 2008 Report Share Posted October 8, 2008 GBP up against USD also.. this is counter intuative 5% is 2.5 times more than 2%, but 4.5% is 3 times more than 1.5%. What is counterintuitive about the GBP being improved relative to the dollar by this move? Link to comment Share on other sites More sharing options...
warpig Posted October 8, 2008 Report Share Posted October 8, 2008 7 central banks cut IR's. Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now