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El Dali

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About El Dali

  • Birthday 08/17/1976

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  1. I bought my gold bullion back at Goldmoney this morning. I'd previously sold at about 1100 nominal thinking it was overbought and missed the run to ~1215. Felt like a bit of a d1ck for a while. I think it could correct a fair amount from here, but feel quite good (warm!) about holding some Au again . I wont trade my gold bullion again. RH, i havn't used bullionvault before: are they alright about keeping USD cash in there indefinitely? I was considering opening a USD cash account for a little while but this could be a nicer way of doing things as it's a trading platform too...
  2. I agree. I'm also in cash with goldmoney (got the same email and told them if i dont buy gold back before their "requirement date" i'll happily take my money to BullionVault), so holding out a little longer. But just a little longer. I'm not buying silver as i think it'll get bashed in deleveraging : with that said I understand RH's silver/USD hedge and think thats def a nice play. I'm entirely in cash now, but will buy my gold and hedge that by shorting indices when the right setups arrive. Not actually too fussed about nominal price of Gold anymore because the real price will rise when commodities get their (IMO overdue) correction. Under 1050 nominal i'll really think about buying Au again. Under 1000 and i'm in again for definite. Although i feel it could correct more than that i'll feel nice being in Gold again.
  3. Trading margin can make you alot but you can lose alot too, and faster than you think. I'd say its important to get practice with low stakes so that you're not bricking it when things don't go your way, and believe me that will happen at some point. Not trying to put you off or saying dont do it, but be real careful and keep stops tight. 3K might be profit bt its still 3k right? Wait till the trend is your friend too. As said before if you're buying ONLY buy the dips or you'll be upside down before you start. All the best .
  4. Might be no bad thing. Diverting semi-religious dogma elsewhere. Personally i prefer a spectrum of opinion. More learning and collaboration, more respect, less egos. Good luck Pixel8r.
  5. Mind me asking what price you bought at Romans? Was it dollar index you bought?
  6. 80bn capital supporting 5tr loans. Sounds like insolvency to me.
  7. You're quite right! Only Volcker-style moves can do gold ant real damage. Helicopter Ben just won't do that. His Keynesian upbringing means he can only continue to debase the dollar in an attempt to deavalue his chums debts. I think REAL interest rates would need to be 4-5% to turn Gold bearish.
  8. My thinking was simply that a move by (any) central bank toward mitigation of inflation will have a temporarily detrimental effect on Gold. Simply because Gold is the classic inflation hedge (the best there is!). Bigger picture : This makes no difference IMO, (providing the FED don't raise rates in a big way) Gold will fly in latter 1/2 of '08!
  9. Is this effect on Gold not pretty much what we should be expecting with an ECB rate rise? Will be interesting to see where hard support lies....
  10. Nice recent action in PMs. Which charts do you guys use to look at intra-day volume?
  11. Zapata loves this one doesn't he? Almost $34 today. Still a screaming buy? I think perhaps - the fundamentals are so strong aren't they?
  12. Woah - just seen this: http://www.pr-usa.net/index.php?option=com...28&Itemid=9 Uranium Participation Corp closes Public Offering. http://bigcharts.marketwatch.com/quickchar...p?symb=ca:TSE:U Not sure what this actually means. Does it mean we can't invest any more? I had my eye on this....
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