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sideshow

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  1. From the Telegraph ... "Cash machines across Tokyo are shutting down, reportedly caused by the sudden increase in withdrawals. The price of gold has jumped by $2 an ounce in the city ... The cash machine problems in Tokyo have been confirmed by Mizuho bank. A spokesman said it was due to a concentration of transactions at some unidentified branches. Thousands of ATMs were affected, some went down twice in a day, others refused to give out foreign currency. It is unclear whether Mizuho was the only bank with the issue." A sad reminder why you should hold some physical gold.
  2. This is an excellent webinar hosted by the CME exchange, discussing fundamentals of the gold market. It also inevitably touches upon inflation. http://at.pscdn.net/008/00102/videoplatfor...1102goldKV.html Topics include: Where are gold prices going? 1999 "Perfect Bottom" cues Current Gold Market Factors A "Perfect Top" for 2011? Q&A The analysis is excellent and broad ranging. It's also very bullish
  3. I'm also thinking of swapping out e-gold for UK coins. Do people prefer Sovereigns over Britannias due to the lower commissions? I'd prefer to buy 1oz coins all else being equal.
  4. Currently 343 GBP kg v 346 GBP kg (0.87%). I believe the commission is tiered the same as gold purchases. I think that all users were sent an e-mail asking if they would be interested in participating in early access: Early access accounts were enabled today: I would just give them a call if you are interested in buying soon.
  5. Silver has been enabled for registered Bullion Vault users. I still only to be able to see the gold market though. Can anyone else see the BV silver market yet?
  6. Scroll to bottom of page: http://www.kitco.com/
  7. So expect resistance and games @ 700 GBP but keep accumulating. What are the chances of the central bankers successfully inflicting a double top @ 700 GBP? What mechanisms do central banks employ to try and cap the gold price in non-dollar currencies?
  8. Although I suppose the bottom line remains this ...
  9. Bernanke's mention of the dollar moved the market down from the day's high...
  10. Sold my ABX position today for a decent profit to hedge a bullion purchase. Same exposure but less downside and the profit on the miner "insured" the bullion purchase down to $1000. Holding more dollars now though.
  11. At what % do you say - I have enough, I will wait for a dip to add? 10, 20, 30% Or do you view it from the other perspective - what % of a given currency do I need to diversify? By the way, would it be good idea to have a separate thread on the major international gold miners?
  12. No change in the Fed's language today. Should see gold go higher IMHO.
  13. It seems almost too easy since $1000. Perhaps this is a trap before the FOMC announcement tomorrow? If they change their language to hint at tightening monetary policy gold could take a big hit. I don't think they will but it's in the back of my mind, as is the BoE announcement on Thursday.
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