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Bosworth

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Everything posted by Bosworth

  1. Interesting. So the amount they offiially have left would fit in the boot of a small hatchback. Not sure you'd be able to drive away, though Need to read their terms of reference. Are they compelled to restock? If so, from leases that can be unwould as a force majeure? Open market? Or just 'default' and settle in cash? Edit: Make Ire != majeure (although it is a prescient auto-correct!)
  2. Investigation into Silver market dropped by CFTC. http://www.cftc.gov/PressRoom/PressReleases/pr6709-13
  3. With hindsight it was inevitable. Wish I'd has the balls to trade it.
  4. At my LTV and income multiples and for the size of mortgage the BoE was by far the best deal.
  5. Just because market rates rise web qe is withdrawn does not automatically mean bank rates will rise. I've elected not to fix my massive mortgage but have linked to BoE base rate which I am gambling will stay low.
  6. In my very humble opinion, gold will go to <$50 oz before it goes to $5k oz (ie. it won't ever go super-stratospheric). Once people realise paper-gold is effectively worthless nobody will want to hold it. How one calculates the real value of physical without a functioning market is the interesting philosophical question for me (which may become very practical in the future!).
  7. The swings today have been incredible - from hk opening to now...
  8. CME hiked margins to 18.5% as well. Pretty sure that didn't improve anyone's mood!
  9. There does appear to be a pattern! I am however hurting from the recent movements...
  10. Goldmans say to short gold: http://www.businessinsider.com/goldman-short-gold-2013-4
  11. That used to be the old Kodak UK headquarters. Edit: And it's actually Hemel Hempstead. Nice try to make it sound London-esque!
  12. It can take a while. Canary Wharf is great now but it took over 20 years for it to get that way. That's a long wait and it could easily have gone the other way.
  13. Only if you assume no ongoing demand for the family homes they are liberating.
  14. I've also thrown in the towel. Buying in North London. Hoping to exchange tomorrow. Prices are up ~10-15% since I STRd.
  15. Sad to say I have rolled over and offered on a house in London (offer accepted) and mortgage going through. It seems very clear that all efforts will continue to suppress rates and support the indebted. The latest Fed QE makes this quite clear. Almost certainly the UK will follow.
  16. I don't understand what makes you so insecure to have to try and prove yourself right to everyone all the time. You appear to be an intelligent, successful, interesting individual yet you seem to crave recognition and respect not by just putting your cards on the table for discussion but by deliberately and childishly trying to rub other people's choices in their faces. The price has moved small fractions. Nowhere near enough to recover my trading costs if I tried to sell and buy back physical. And nowhere near enough to consider hedging my current physical exposure. What is it you are trying to achieve in the way you conduct yourself?
  17. I don't trade. I have 2 kids under 3 and a third on the way an I work very hard for an investment bank. Spare time is for my family. If I am convinced of a change in Market direction I will offset risk with a spreadbetting based hedge but that us the limit of it.
  18. Is that why the price keeps going up?
  19. It's the way that you do it. You come across as an immature petulant childish aggressive dick. And that puts people off bothering to engage. You may not intend to. Or believe that you do. But you do.
  20. Crikey. Can't think why postings are drying up on this site.
  21. Policy responses are always too slow, too little, too late, and too disjointed. The mechanics of unblocking the system are more complicated and time consuming than politicians understand.
  22. I have a family of 2 kids under 3 and another on the way. I STRd 2.5 years ago and invested 50% in gold. Working and living in London. I am very happy with my choice to buy and hold. I have an extremely demanding day job and can barely keep on top of my basic family commitments let alone spend hours mucking around doing personal trading. I also happen to work for a major investment bank. There is absolutely no chance in hell that I would hold paper in ant greater proportion than necessary. When this sucker goes it will go spectacularly quickly. The system will seize up in MINUTES. Everything is on a hair trigger. The only thing that matters is what you have in your possession right now.
  23. Well done to callmejoe. He has made good profits and sold for a specific reason. He may or may not have got the timing exactly right, and he may or may not have done things in the same way as you. But please don't lambast or ridicule him for doing what's right for him at this time. We get dangerously close to groupthink on this site sometimes, and either exclude people with contrary views or try to make them feel bad about their choices.
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