jinbal

Nothing surprising in that article - my understanding is that he is saying that negative real interest rates cause gold to rise and positive real interest rates cause gold to fall - when real interest rates go +ve I and I have no doubt others will look for better "yield" perhaps away from gold. The question is when that will be - According to his table, based on official UK CPI figure (if you believe that) interest rates would need to be above around 5-6% nominal to start affecting gold. Do you genuinely believe that IR's are going back to anything like that soon, given the BOE (and the Fed) seem committed to use thin money printing to surpress them as long as need be and if they did rise that high it would almost certainly cause property prices to fall, thereby creating new "yielding" opportunities. If and when there is a genuine "recovery" (i.e. debt paid or written off to allow productive investment) I hope I'm smart enough to be amongst the first to start looking for new opportunities - sadly I dont see that happening anytime soon given the debt problems and the appetite for bailouts.

+1 It's nice to see some of the froth blown off and have the price action approach good solid tech support. I always get nervous when I see spikes up (although I do enjoy them....:-))

Thar she blows....

hmmm could see a bit of a bounce here

back to the 38 fib Next stop, the break out at the 50 fib and the break out at around 1710 ??

I'm not buying bullion as it's too far away from its EMA's (50/150) I bought a bit more GDXJ today I've been using the real price of gold (Gold:CRB) as an indicator toward profitability - the ratio has spiked above the level it was at in early 2009. Of course it could just be a panic spike which is why I'm nibbling bit by bit. Also GDXJ is just off it support level at the lower end of the range so it looked like a decent entry point, I'll increase size if price dips.

Thanks PD - very useful

thanks Does this not show that the price of commodities has broken out (down) against gold. The last this happened was at the major low for gold stocks in 2009, the move from there was pretty strong. Thoughts?

Does anyone have an up to date chart of the Commodities Index:Gold - i.e. Bob Hoye's real price of Gold. I remember him talking about a high real proce of Gold being a bullish driver for miners (as they're costs are lower in relation to gold). Thanks

My thoughts (FWIW) are that it it fails to hold the down move will be aggressive i.e. a fake breakout out falls hard

What I'd like to know is if there is a product similar to GDXJ that is allowed in my ISA (I know some of the individual companies are but I don't have time for dud diligence on each one). I guess I should compare the holdings and management fees of T1PS to GDXJ to see how similar they are?

I'm a Handsworth lad!! Thankfully I moved to London when I was 0 years old. My Cousin live in Sutton ColdField Brum, the ppsf is around half of that of London and IMO represents good value as the houses in this area are large and you get a lot of outside space, I've often thought that if London ppsf was the same I would have no issue with buyingc

Kingston or Teddington may be slightly better then? I'm eventually looking to go back to Kingston as it is family friendly - trouble is lots of other people have the same idea - it's upsetting to be priced out of family houses in the town you grew up in.....

I totally agree with this - I was about 4-5 years too late to be in a similar position although I have benefitted from the rise The reason that he knows this about them is prob because a lot of his aquaintances/ mates are those people

In south west London (and many other places) there is a 2 tier market - family sized homes which are in relatively short supply and flats which imo are in massive oversupply, more continue to be built which is beneficial to renters like me as it should put downward pressure on rents. 2 bed flats seem to be particularly abundant. The prices for flats are still below their 2007 peak in most parts of London I reckon.

From a technical perspective POG in USD and GBP have tested their MT moving averages and uptrendlines, coupled with the charts showing them slightly oversold, means that they're pretty ripe for a bounce here, we'll have to see if that follows through to form the "bottom" of this correction.

Halifax Dec 10 -1.3% MoM

On my chart thats a no, I'd look for a retest of the trend line from the other side then a further decline to next support level.

look at the chart I'd say that if it did pull back to that region, 1200 - 1250 would provide the first region of strong support.

To me, if the pattern repeats it would come back to retest the red circled area/the midway point of the move.

Looks like $1300 is the next stop.

anywhere between 1300 and 1250 would put POG nicely in the buy zone: between some MA's At or near stronger support zones At or near rising trendlines

Mr T talking gold on Bloomberg http://www.zerohedge.com/article/mr-t-talks-gold-bloomberg Is the top in?

Well a move has started - too early to say how it'll play out Also there is very little chart support until 1250-60 (the initial breakout) - where it is strong - I happen to think that if the bullish retest fails thats where we're going - I may nibble a bit there, but any larger buys would be when price approaches the 50EMA and more so whilst its between the 50 and 150

I'd really like to see bullish confirmation with a pullback and retest of the ascending upper line of the rising wedge. It would also allow some "steam" to work off.