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

Yes. Exactly right.

Fantastic interview from Jim Rogers. Get this man on the BBC news! Some interesting points that he did and didn't mention.. 1) One for Bubb here: Jim talks about holding the commodity itself rather than shares. He quoted a figure of 300% better than holding the shares. I always thought that shares give you leverage on the commodity itself, and thus the greater return. This is why the good doctor holds gold shares more than physical gold? 2) He didn't mention gold once! 3) He espoused buying softs - even as wheat is running wild. Our very own Frizzers has suggested selling this commodity! He makes some great points about Bernanke's running of the economy but I won't be running around Tesco's filling my cupboards with Nescafe and Tate & Lyle' finest just yet....

Brilliant!

The big man and Frizzers are away at a junior mining conference. Come on guys, the action is in silver right now. Reaching 26 year highs...slipping below $20...Where next? A correction to 17.50? ..Or a short-squeeze to the moon?

Hello everyone from HPC. Things are getting very interesting in silver and gold right now. I've held gold since Nov 05 and built up my physical and shares holdings since then. Feb 22nd I put half of a sum of money I received into silver. Waiting to time the other half.... Any half-decent pullback and I'm on it!

Akk! - don't say that! After building a nice position in gold and gold shares over the last couple of years I started on my silver 'collection' last week thanks to a bit of a windfall from work. If you read the chart thread in the main forum you'll see we may well be on the precipice of large moves in commodities. Let's hope this is the start of a considerable leg-up in silver. Something in the order of magnitude I've seen since starting to buy gold in Nov 05 would be very welcome indeed!

I want to buy 100 silver 1oz coins. I've been quoted £9.63 for them when on kitcosilver.com it would only be £7.85! Pesky VAT! How do get on the SLV ETF? I went to iShares.co.uk and couldn't find it!