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frizzers

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Posts posted by frizzers

  2. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    The Doctor is going Gold-crazy today.

     

    I am backing up the truck here, friends.

     

    1476_huge-mining-truck.jpg

     

    Valuing the GLD Options and Gold etfs at face, I have bought over $300,000 of Gold today.

    (And I am not done.)

     

    Note that I have bought at something like $320 below Gold's high, and also below Jim Sinclair's $1650 - very near to $1600. And some of the Buying was done with some nice profits I made since I exited my last big Gold-related trades.

     

    I have plenty of firepower still left, and plan to buy more if Gold breaks the support near 144d MA.

     

    Silver/SLV buys may soon be coming up - Orders are alresdy in on SLV calls/

     

    (Here's a KEY POINT for the B&H purists !

    You need to have Cash to buy when the opportunities roll along.)

     

    Ha. I bought some here too.

  5. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    `This from Glen Neely today:

     

    Website@neowave.com to me

    show details 14:34 (17 minutes ago)

    After a nearly $400 drop off this year's high, we can finally say Gold's 12-year bull market is over. For quite some time I've warned that America was on the verge of an entirely new type of economic environment - Deflation! Since our last bout of deflation was 80 years ago, this is a situation virtually no living American can remember. The impact on banks, home values, debts of all kinds and consumers, will be profound. This means that everything denominated in U.S. dollars will - over the next few years - begin to drop in value. That will cause huge problems for all legal contracts based on payments in U.S. dollars, especially housing loans.

     

    Transmission Time:

    Los Angeles: 26-Sep-2011 06:23 New York: 26-Sep-2011 09:23 London: 26-Sep-2011 14:23

    Madrid: 26-Sep-2011 15:23 Mumbai: 26-Sep-2011 18:53

  12. Central LONDON Property: Databank & Charts

    in Monitoring: Data, Bellwethers, Forecasts

    Posted

    The legend that is Goldfinger becomes even more legendary:

     

    HP_Knightsbridge_in_gold.PNG

     

    NB 2011 data is still unreliable and stats for the 5+ bedroom houses are slightly misleading. They are probably trading for more than ever, but

    a lot of these do not show up in the stats. Also because there are far fewer transactions at that level and some 5

    bedroom houses are much smaller than others it doesn’t really give a full picture ... so ignore 2011 drop in 5-beds it is misleading.

     

    HP_Knightsbridge_in_gold_scatter.PNG

     

    Next, nominal 5+bed Knightsbridge prices divided by Average London (Nationwide data, year end):

     

    HP_Knightsbridge_vs_London.PNG

  15. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Thanks everyone for the input. Marceau you're right with the management issues and dilution. It is like a minefield out there. That's why I appreciate analysts like John Doody, Brent Cook, but also our very own Frizzers to see through the fog. Anyway, that's most likely also why I will stick with mid Tier producers and won't go too risky. Although, I just bought Gold Resource Corp. (GORO), but given that Doody and Frizzers recommend them, I thought I could risk it. :) After all, they are obviously producing.

    I recommended them at $2 not $26!

     

    It's a good company anyway , though a lot of their profit comes from silver actually, though you won't mind that.

  16. UK House prices: News & Views

    in NEWS Commentary, 2021 & Beyond

    Posted

    In 2004 I worked in the UK and everyone was asking me "do you buy, when will you buy"? I did some research, and came to the conclusion that this was an absolutely absurd thought, so my answer was "heck no!"

     

    A gold bullion investment is momentarily buying five times(!) more house than back in 2004.

    Any chance of a London house prices in gold update, GF?

  18. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    No, it's not that one. It's similar but not that one ...

    Got it -

     

    The wavelike movement affecting the economic system, the recurrence of periods of boom which are followed by periods of depression, is the unavoidable outcome of the attempts, repeated again and again, to lower the gross market rate of interest by means of credit expansion. There is no means of avoiding a final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.

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