gwizzie

Yea i'd go with that. I have buy orders in at 845. This could take a run up to 927-933 (23.6) of the same move after that but also the 61.8 of the most recent move down from 965. i have sells in at 914 (50%) This might correspond to a pullback in the indices too, but they are closed for 3 days over the next week so i'm not expecting much fireworks though

Houston, this is Major Tom, i see you have decided to humiliate yourself in public again....

I dont think Bernanke had a choice in the QE. Perhaps thats the quantity of bonds which China wants to get rid of at the mo. China are raising cash, they seem willing to sell when gold gets towards 1000

What makes you think this PX. I dont agree with you but i am interested in your thinking behind it.

I dont understand what you are trying to say here, you need both buyers and sellers to make a market. Wiped out?

Friedman explained the problem with the euro before its inception. Wheres Pluto and his candles?

Its really getting hammered, my screen is flashing so much i had to close it down!

Its going to need huge volume to breakout. Something catastophic. What isnt mentioned is that if the pattern fails does that mean the bull run is over?

I think thats a reasonable target, i fear it may get overshot though.

There you go! Thats the spirit. Dont know if physical prices will nessessarily follow though.

This could go to 800, because of nervous nellies

You know what...that is the only thing out of all that list which i'm afraid of.

Very quiet here today. How bout some music?

BOI urged to use gold reserves to guarantee loans

I do agree with you regarding the correction but i dont think seasonality will have such an influence here because isnt it (seasonality) fueled by jewellery demand?. This move in gold is fundamentally down to investment demand, this makes it even more dicey, fear and greed can turn a market before you realise what has happened.

can they or do they?

conclusion: its a trading vehicle.

GLD do ----> Barlist. Theres about 88 bars in a tonne. They go to great lengths to try and dispel the myth that they dont hold the gold they say they do. Goldcorp alone produced about 20T of gold in 4thQ 2008 ( Thats just under the amount in the closest stack in the second picture)

Barrell of oil?

Eh? 3.00 and no smackdown yet? I think we will be lucky to see 10M traded on GLD.

Its rocket lettuce mate........

That is a complete Homer simpson moment on by part. Looking at the "Doctors" position on the audit it couldnt be cgnao.....holding too much cash!

I see Rand is withdrawing 50KG from bullionvaults London Vault. Why would a refinery do that? supply problems? fear of confiscation? Let the speculation begin

. I dont particularly agree with him, but i do like to listen to what he has to say