Steve Netwriter Posted September 16, 2009 Report Share Posted September 16, 2009 Well, I've had one of those feelings today. Just waiting to see whether I was right. 1010.10 Rising Link to comment Share on other sites More sharing options...
Steve Netwriter Posted September 16, 2009 Report Share Posted September 16, 2009 Ahhhhh...ooooooooohhhh ! 1014.40 ! That's quite a jump up ! Link to comment Share on other sites More sharing options...
Steve Netwriter Posted September 16, 2009 Report Share Posted September 16, 2009 Come on guys wake up I can hear the "control room" now. Controller: Fred, you've pressed the wrong bl**dy button again. You should have pressed the DOWN button. Fred: But I haven't pressed a button Sir ! Controller: Oh hell, it must be those bl**dy Chinese. :lol: I should add: Ooooohhh, that's fun. The Yen just suddenly started up REALLY fast against NZ$, EUR, US$ and GBP. This is looking like so much fun right now. In a "watching a nuclear explosion knowing many people are being killed" type of way Edited to add: This is bizarre. I've just checked google news to see what just hit the fan, and they all suggest everything is great and the Yen should fall So why is it shooting up ?! Link to comment Share on other sites More sharing options...
Steve Netwriter Posted September 16, 2009 Report Share Posted September 16, 2009 WOW !!!! Japan incoming finmin Fujii: strong yen has merits TOKYO, Sept 16 (Reuters) - Incoming Finance Minister Hirohisa Fujii said on Wednesday a strong yen has merits for Japan's economy, saying current forex moves are not rapid. He also said he opposed intervention in the currency market if rates moves were gradual. To put it mildly, that's a change of policy !!!! Link to comment Share on other sites More sharing options...
G0ldfinger Posted September 16, 2009 Author Report Share Posted September 16, 2009 ... That's quite a jump up ! Got to be in it to win it. Link to comment Share on other sites More sharing options...
Steve Netwriter Posted September 16, 2009 Report Share Posted September 16, 2009 Got to be in it to win it. Or as someone reminded me elsewhere just now....to avoid being dragged down a very big hole! 1017.02 Link to comment Share on other sites More sharing options...
bakachu Posted September 16, 2009 Report Share Posted September 16, 2009 Or as someone reminded me elsewhere just now....to avoid being dragged down a very big hole! 1017.02 Go on Steve, do it do it do it! Link to comment Share on other sites More sharing options...
Steve Netwriter Posted September 16, 2009 Report Share Posted September 16, 2009 Go on Steve, do it do it do it! Do what? whistles quietly while walking away Link to comment Share on other sites More sharing options...
FWIW Posted September 16, 2009 Report Share Posted September 16, 2009 Just had a quick look at hpc....surprised to see so many new threads about gold...a few examples "Is gold money?", Where can I get Gold coins?", "Gold price about to be manipulated", etc, etc... Maybe they are finaly 'getting' it? History is unfolding in front of our eyes - we live in interesting times! Link to comment Share on other sites More sharing options...
grumpy-old-man Posted September 16, 2009 Report Share Posted September 16, 2009 Just had a quick look at hpc....surprised to see so many new threads about gold...a few examples "Is gold money?", Where can I get Gold coins?", "Gold price about to be manipulated", etc, etc... Maybe they are finaly 'getting' it? History is unfolding in front of our eyes - we live in interesting times! that's why I have been busy over there recently, couldn't resist after the majority of idiots slated pm's for the last few years. Link to comment Share on other sites More sharing options...
AK72 Posted September 16, 2009 Report Share Posted September 16, 2009 When the gold gets fired up, it´s nice 2 take a close up from Goldessentials LiveGold Link to comment Share on other sites More sharing options...
aardvark Posted September 16, 2009 Report Share Posted September 16, 2009 thats a nice price to wake up to Link to comment Share on other sites More sharing options...
TrueNorth Posted September 16, 2009 Report Share Posted September 16, 2009 thats a nice price to wake up to I agree. I think that 'boring bit' we recently endured has come to a conclusion. Link to comment Share on other sites More sharing options...
TrueNorth Posted September 16, 2009 Report Share Posted September 16, 2009 My former pal Bob Hoye has a new missive published on 321gold, fyi: COT data and gold -- Chartworks Gold – COT Data Warns it is Time to be Wary The Commitment of Traders data (COT) is compiled each Tuesday for release on Friday. It reports the total number of long and short positions of futures contracts held by commercials, non-commercials and the percentages held by the largest 4 & 8 traders. For the past ten years the commitments of speculators (non-commercials) have been in a rising trend together with the price while the commercials have made a long series of new lows (i.e. net short). This week made all-time extreme reading in each. The data series is only available back to 1986 so we are precluded from analyzing the two biggest bull markets; 1971 to 1974, $35 to $196 and 1976 to 1980, $103 to $875. However, the findings of this study suggest that whatever upside action occurs in the next few weeks should be followed by a test of the breakout. Link to comment Share on other sites More sharing options...
G0ldfinger Posted September 16, 2009 Author Report Share Posted September 16, 2009 My former pal Bob Hoye has a new missive published on 321gold, fyi: ... LMAO! EDIT: He might be right in the end (against my own expectations). Give it some time, maybe you abandoned him too early. EDIT2: The data series is only available back to 1986 so we are precluded from analyzing the two biggest bull markets; 1971 to 1974, $35 to $196 and 1976 to 1980, $103 to $875. This is critical. 23 years might not be enough to draw such a conclusion. All these years, gold has been suppressed by the 'Cartel'. Maybe it is breaking free now. Link to comment Share on other sites More sharing options...
romans holiday Posted September 16, 2009 Report Share Posted September 16, 2009 I should add: Ooooohhh, that's fun. The Yen just suddenly started up REALLY fast against NZ$, EUR, US$ and GBP. This is looking like so much fun right now. In a "watching a nuclear explosion knowing many people are being killed" type of way Edited to add: This is bizarre. I've just checked google news to see what just hit the fan, and they all suggest everything is great and the Yen should fall So why is it shooting up ?! I think the new government are going to support a strong Yen and the Japanese consumer. More bad news for exporters. Just about hitting the 89 handle now. Link to comment Share on other sites More sharing options...
G0ldfinger Posted September 16, 2009 Author Report Share Posted September 16, 2009 Just had a quick look at hpc....surprised to see so many new threads about gold...a few examples "Is gold money?", Where can I get Gold coins?", "Gold price about to be manipulated", etc, etc... Maybe they are finaly 'getting' it? ... Morons. Especially the Old(ie) f@rt. Link to comment Share on other sites More sharing options...
TrueNorth Posted September 16, 2009 Report Share Posted September 16, 2009 LMAO! EDIT: He might be right in the end (against my own expectations). Give it some time, maybe you abandoned him too early. Yes, he prolly will be. I am reminded of the expression, "You can be right, but you can be right too soon." I hope I was right, just too soon. Link to comment Share on other sites More sharing options...
romans holiday Posted September 16, 2009 Report Share Posted September 16, 2009 Yes, he prolly will be. I am reminded of the expression, "You can be right, but you can be right too soon." I hope I was right, just too soon. With Hoye... and Bubb, I still think whiplash in the markets is likely soon. Hence my desire to swap silver for gold at 50. Just want to see one more spending spree push up the market first. Link to comment Share on other sites More sharing options...
Steve Netwriter Posted September 16, 2009 Report Share Posted September 16, 2009 I think the new government are going to support a strong Yen and the Japanese consumer. More bad news for exporters. Just about hitting the 89 handle now. Yes, and that could be quite significant. Does it mean the Japanese are now willing to let the US$ fall without trying to keep the Yen following it into 'valuelessness' ! Could be yet another nail in the US$ coffin. Hmm, wouldn't it be fun if they also started buying gold Link to comment Share on other sites More sharing options...
romans holiday Posted September 16, 2009 Report Share Posted September 16, 2009 Yes, and that could be quite significant. Does it mean the Japanese are now willing to let the US$ fall without trying to keep the Yen following it into 'valuelessness' ! Could be yet another nail in the US$ coffin. Hmm, wouldn't it be fun if they also started buying gold I guess some country has to consume the stuff all the others are producing. Could be Japan's turn to spend its wealth. Link to comment Share on other sites More sharing options...
romans holiday Posted September 16, 2009 Report Share Posted September 16, 2009 http://www.radio.goldseek.com/players/turkplayersep15.php James Turk's latest. Link to comment Share on other sites More sharing options...
Schaublin Posted September 16, 2009 Report Share Posted September 16, 2009 that's why I have been busy over there recently, couldn't resist after the majority of idiots slated pm's for the last few years. I have noticed some of your posts on HPC - you are doing good work refuting some of the nonsense that is posted there. I do worry that some of the posters seem to be deliberately trying to frighten newbies into not acquiring PMs. These posters are initially plausible but later their purpose becomes clear - to use any argument, however ridiculous, to convince waverers that PMs would be confiscated/be worthless/in a bubble etc etc. I must confess, I am curious as to why some posters seem obsessed with trying to dissuade others from buying PMs. Generally it is in the interests of central banks to take this position not ordinary people......Hmmm..... Link to comment Share on other sites More sharing options...
Undertaker Posted September 16, 2009 Report Share Posted September 16, 2009 Is goldline.co.uk reliable? They are offering some good prices on their sovereigns at the moment. Previously were much more expensive than CID. Link to comment Share on other sites More sharing options...
romans holiday Posted September 16, 2009 Report Share Posted September 16, 2009 I have noticed some of your posts on HPC - you are doing good work refuting some of the nonsense that is posted there. I do worry that some of the posters seem to be deliberately trying to frighten newbies into not acquiring PMs. These posters are initially plausible but later their purpose becomes clear - to use any argument, however ridiculous, to convince waverers that PMs would be confiscated/be worthless/in a bubble etc etc. I must confess, I am curious as to why some posters seem obsessed with trying to dissuade others from buying PMs. Generally it is in the interests of central banks to take this position not ordinary people......Hmmm..... Socialist tendencies? Link to comment Share on other sites More sharing options...
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