mattyboy

That's exactly my point. Gold is down in AUD, but the rise in USD is also causing the Aussie miners to rise in Australian dollars. It doesn't really make sense since their profits are not really going up in AUD. I am based in Aus and although my physical gold is down from its highs, the shares are doing very well recently - some have 5 bagged off their lows, althoug unfortunately for many that just brings them back to what I paid for them in 07/08

what is interesting tho - and this may have been discussed on the gold stocks threads - is that my (mostly Australian) gold stocks seem far more responsive to the USD price of gold than in AUD. At the moment there is effectively a double effect of rising prices of these stocks in AUD whilst the currency itself is strengthening against the USD and GBP. It doesn't really make a lot of sense to me.

you are member 1622 - woah! Let's go!

nice dow/gold chart from today's daily reckoning email - see here http://www.dailyreckoning.com.au/ if you don't subscribe a ratio of 1 really did seem improbable to me not so long ago, but I don't know now

Dr Bubb - I am inclined to agree with you re: the altogether too great a consensus emerging in the MSM on the predicted increase in the gold price - here is another example in the Telegraph today: http://www.telegraph.co.uk/finance/markets...price-jump.html what to do? Also note that Goldman sachs have followed UBS and upped their '09 average price prediction for gold to $1000 from $700 - doing the opposite of what Goldman say is usually the go! Of course on the forex markets just as soon as the press all decided the AUD would break parity with USD (at 98c) it promptly dropped to 60 odd, same story GBP/EUR. Still - I am not selling my gold. Maybe this really is where it goes mainstream. matt

Nothing here we all haven't read already, but it is always nice to see these articles popping up in the MSM - feels to me as if there has been a bit of an upsurge of late. http://online.wsj.com/article/SB123284319920613125.html

Zen out man - take break. Don't try and trade any of this. That's what I and most on here (I assume) are doing. I know its hard not to look, but I am much less troubled now by these big moves than I was. So long as you know you are not trading, whatever happens to the price (for now), there's no need to worry

roger that

I don't want to ge tinto any sort of sh!t fight here, but I just fail to see how TA of any sort can be applied to the markets (and not just the PM markets) at the moment. OK maybe a bit of resitance/profit taking at key psychological levels but I would be interested in just how many of the charting calls have been anywhere near the mark (better than chance?) . I have bought and I am holding - doing OK in my current local currency (Aussie). I think things are just starting to get interesting.

Nothing anyone one here doesn't know already I guess but this guy is watchable http://au.youtube.com/watch?v=4xxs4W-O9OM and a good jump off point to link to other vids in the related videos section. I'm feeling a bit deflated today - pun intended Aussie Juniors took another beating ! I think my average must be -70%, so what's the point in selling?

Marc Faber - gold bullish, his biggest holding is atm is physical bullion but he expects it to go down before it goes up. http://au.youtube.com/watch?v=-6r1jjkp0-U sorry if this has been posted already - I am not totally up to speed on the gold thread atm as I am not reading it at work with the Russian porn popups!!

I have a few of these Canadian trusts and enjoy the distributions - the yields seem pretty steady and were great when I bought them. Now they are ridiculous. Of course the distributions may fall with the price of oil, but firstly I don't see that as a certainty and secondly even if some of them halved they would still be good No vested interest of my own other than that I have a few - look at Penn West (PWT.UN) yielding over 25% ! http://tools.trustweb.ca/acb_001/tools/dis...tions/?fundid=8 at CDN$17 right now, others I have like Pembina Pipeline (PIF.UN), Precision drilling trust (PD.UN) both 15% odd. The list goes on I am sure. I have a bit of dry powder and wouldn't mind snagging a high yield on it (with I think real capital gains probability on these trusts at 52 week lows some 50% off in some cases). Any other trusts come recommended?? matt

Has anyone talked about the Bullionvault disconnect? As I type all visible bid depth in New York is above spot - highest bid $892 and 1.3kg so not nothing. And no one has hit this all day - its been there a while. $917 to buy in NY. I know there are shortages there right now, but no one is arbing this as far as I can see - what is going on?

A mate of mine sent me this today - sorry, he did not include a link so no idea who's 'thought for the day' it is!

try AUD!!