Walktothewater

Disagree that the bull market"completely destroyed". How do you figure this? Top at 1912 in Sept 11 hasn't even had a 50% correction, so maybe that's what's happening now, we go sub 1000 and find a bottom. IMO either (1) this is a correction within a bull, perhaps 20yrs from 2000/01, or (2) PMs are telegraphing massive deflation across most assets dead ahead (fits in w what the Japanese did on Friday in seemingly panic), or (3) TPTB on cusp of finishing off a total alice in wonderful repression, no markets, complete central planning etc. in which case sell PMs and buy real estate Whilst Im not happy, nor I am impressed at ALL with the chartists and technicians who shit the bed on this (when will they accept the charts are not natural market forces at work?), nothing in the last couple months has shifted me from the (1) camp. I say lets visit 900 and be done with the correction.

Likewise, I enjoy your posts GF.

Is my point really that hard to see? I am saying that if the TPTB manage to actually properly destroy this bull market -- as would be indicated by sustained lower prices like $11 for silver (as suggested not by me but the OP) -- then I'm suggesting we enter a full on alice-in-wonderland of financial repression. As in a full on police state of capital controls with every price rigged and zero free markets. It s a frightening prospect akin to entering some sort of Dark Ages, but it cant be ruled out IMO

A grind down to $800/$11 or worse and staying there for few weeks would represent massive and IMO unrecoverable technical damage. It would be an utter disaster for goldbugs. It would represent destruction of the "fundamental" case for years to come. If it happened the banksters would have other "successes" such as US bonds suppressed below 3% as far as eye can see, capital controls, bail-ins, and complete financial repression - i.e. all the present problems "solved". I'm not sure holding PMs makes any practical sense in that sort of reality. Perhaps you can buy food or stuff locally. But you really would be going hard against the grain of mainstream society. Thus probably best to go with the flow and take on a BTL mortgage etc. I think its unlikely but who knows.

$11 would be the end of this bull market. Gold would be what, $800? A few weeks at those sort of prices mean the debt and over-leverage problem is fixed, govts running sustainable budgets and new growth is providing employment and real wage growth. $11 silver would mean a definitive sell on pm's and buy the Dow, fund your pension, take out a big mortgage, etc. There wouldnt be a single mine left in operation anywhere.

I’m not sure what your point is. Do you disagree with the data? The facts, not opinions, but the facts are this: Pounds are the currency unit of the UK. A pound from last year buys less stuff today than it did last year and will buy even less next year. I.e. their value is being diminished. Ergo the effect of nominal price falls is magnified by the falling purchasing power of the currency unit. You may indeed be spot on in your analysis of what people think or what interests them or what XYZ means to the average person. But that doesn’t alter the fact that real house prices, that is prices measured in purchasing power adjusted pounds, have fallen more than nominal.

Because it's correct, though the 'penny hasnt dropped' yet for the average person. And i doubt it ever will. Joe Soap gets to say yeah my property is still worth X, forgetting of course that X buys far less of everything else then it did before. In hard money terms (gold) property has well and truly crashed. But that's mumbo jumbo talk LOL...

Sorry, completely unrelated to your question. I just have to say how shocking UK house prices look in general. And the quality.... [i live part-time in UK, main base east Germany, for £250k you could buy a block of 6,8 or 10 flats, german size/quality, in a good area of Leipzig that puts a reliable £20-25k after expenses in your pocket from day one]

Whoa hold your horses, you're lumping a lot of people in together there with some pretty strong sweeping statements... In any case, Jonathan Davis' is a UK property bear with a spotty track record, Jim Sinclair is a gold bull with an excellent track record. And you're saying the formers opinions on gold price trumps the latters?

Hang on, let's stick with gold. It's 'ramping' when it goes down, so what is it when it goes up?

Here, here. Todays drop proves nothing. Moreover, if 'ramping' is being correct about a multi-year trend like we've seen then I'm with JS and the rest, whatever you want to call them. My sitting and waiting in gold has paid off month after month for years. I'd need to be a unemployed forensic accountant to follow let alone profit from Dr Bubb's advice.

You are being disingenouos Dr Bubb. How much of your life do you devote to working on non-B&H investing strategies Dr Bubb? Answer: serious amounts. Versus how much time can someone with a f/t professional career devote? Answer: not even close to enough.

Cash in and get -5% from bank account?

SO let me get it straight. There are vast quantities of gold hidden away by the illuminati/Rothchilds etc. Gold isn't in fact scarce, so it is really quite worthless. They are conspiring to bid up the price of gold into bubble levels, so they can dump it onto unsuspecting goldbugs. Hmmmmmm.

Marc Faber is most sensible of the lot - 25% each in gold, equities, real estate and cash/bonds. The name of the game now is to keep yourself as intact as possible. Own a safe secure property, keep your head down and stay liquid and diversified materially/financially/socially. I really don't know what to say about Thrive, David Icke, David WIlcox, Ben Fulford, illuminati, telepathy, Aliens and Binderbergs et al. Even if any or all of this is true (tho frankly much seems highly suspicious to my mind and kinda undermines the credibility of the evidence-based ethos of this site) it is essentially unactionable information. In any event, I for one have been accumulating gold for years. Physical, in my possession. Havent sold a single gram since first bought circa 2005. Selling now looks like 'snatching defeat from the jaws of victory'. All IMHO of course.

one-way, then the other, back again, up, down, up again, back around the garden... Which is it? Either we go the whole way down a long road to eventual 'Property Apartheid' feudal serfdom, or we don't. There's no 'permanently high plateau' waiting round the corner. And if we don't continue to inflate the property market (at the expense of renters and savers) the UK banking system goes t1ts. This is the ugly truth the bulls don't want to see.

Leveraged players and owners are doing extremely well. And continue to do so. And renters, like savers or anyone not in debt, are being screwed to the wall in this country. [that's why it's important for the people being screwed by this system to buy gold - another story]. But I ask you, where does this end? Do we end up with a UK where everyone owns their own home, with average prices £10m, £100m £1000m or whatever. Where those that don't get 'on the ladder' are gradually forced into ever worsening rental situations/ poverty, forced out of the UK, forced into tent cities for the dispossessed, squatter camps beside Dover or Stansted for people who don't/can't own a piece of UK land, waiting to scrape the money together to escape "property Apartheid UK" ?? Of course not. The trend will change and it will be devastating for this country. I wouldnt want to be here when the unravelling gets serious..

Of course you do. You prefer UK in large part because the printing of pounds since 1970s has overwhelming benefited your generation at the expense of all those coming after. If I bought a house for a few grand years ago I’d prefer it too. You don’t accept that the another ‘half’ have to endure shuffling from one outrageously privately rented property every few years or face ridiculous mortgages precisely because of this situation you benefit from.

FYI Dines kept a buy rating on all his uranium picks right the way thru the 07-08 debacle in uranium mining shares. His portfolios were 80-90% focussed on uraniums right up to late 08. DML, PNP were, are and as far as I know have always been continuous buys according to Dines. New subscribers circa early 07, such as myself, got hammered by taking Dines' buy ratings on face value. Quietly and without a hint of mea culpa, his portfolios are now around 60% uranium focussed. In other words, be careful of Dines' perpetual bullishness for his picks. Someone like Doug Casey is more appropriate for those who want timing as well as stock picking as part of the advice. For example, Casey also recommends DML but does not currently have a buy rating on it.

I've recently sold the last of my Uraniums - some nice returns from March buying. Which is just as well as I'm still down quite a bit overall from the debacle in 07-08. I have a stink bid in for DML at C$1.15. Reckon that will be hit later this Autumn.

http://www.bloomberg.com/apps/news?pid=206...refer=australia "Paladin May Be ‘Attractive’ Target for Cameco, Areva", so says JP Morgan PDN up 10%+ on ASX Gonna hold my nose and buy a selection of Dines recommended U308 producers here, DML, PDN, LAM....

I’ll take it that since I’m talking to myself here that we’ve hit a bottom in the uraniums?? Mega uranium is in lift-off mode today http://stockcharts.com/h-sc/ui?s=MGA.TO&am...id=p06226185237

….just like to congratulate myself for bottom fishing MGA Tuesday The action in the major uranium producers/resource holders yesterday (Wed Aug 13) was significant. +20% on average with huge volume. Based on my experience, the rally should continue next 1-2days. Rally in jnrs not so broad based, they may participate or not (I think they will)

Well here we go. I bought some Mega uranium (MGA.TO) yesterday for C$1.05... Therefore.. its going to 50cents

There’s been a noticeable uptick in media coverage of nuclear/uranium. Last week we had McCains comments, now this random piece in Bloomberg. http://www.bloomberg.com/apps/news?pid=206...&refer=home “June 23 (Bloomberg) -- The uranium industry's worst year is about to collide with a nuclear construction program in India and China that rivals the ones undertaken during the oil crisis of the 1970s. The result is likely to be a 58 percent rebound in uranium to $90 a pound from $57 now, according to Goldman Sachs JBWere Pty and Rio Tinto Group, the third-biggest mining company. “