Tune2001

Gold miners seem doomed to make the same mistake as they did in the lows of the early noughties! http://www.mineweb.com/news/gold/gold-miners-turn-to-derivatives-to-protect-income/

I've bought 4 1/2 oz Snakes for the ushers at my upcoming wedding (and a 2oz for myself just because).

Oh, so if this is true, then that's the end of the gold bull fo sho!

Aw, man! I was hoping we could do the whole month! Sell when the rocket pics come out, buy when the Gold thread is silent. ;-)

My thoughts exactly.

WANT! Where does such a T-shirt come from?

Not convinced about buying gold now being a 'no-brainer' in GBP: http://stockcharts.com/h-sc/ui?s=$GOL...id=p98524378536 Looks set to drift down towards the 200dma while the 200dma rises whereupon they shall meet and THAT will be the time to buy again!

He also says this "...In deflation, precious metals and precious metals shares can have quite different outcomes, where if for example the broad market is destined to fall 90-percent plus in a Grand Super Cycle Degree event, many, if not most of the existing companies could be wiped out." Which doesn't sound at all good for gold miners of any size.

All this mainstream talk about gold can only mean one thing...A large slump in the POG is imminent! Whenever the media picks up on this story gold falls soon after. Might be best to wait until Joe Public has been shaken out before stocking up again.

Laggards...Or people who get paid in fiat?

Errr, not selling to try and supress the price of gold then?

So a touch of $800 is expected?

It may be all talk from the 'plunge protection team'. But it's working! Now down to $870. I bought at $877 today. No worries tho, Steve's chart will win the day!

The best advice I ever heard abouot buying art is "Buy something you like!". That way, if the price goes down, you don't care, you have a great piece of art you love.

The £ is holding up against the $ though. I'll be getting the party poppers out when it's £500/oz