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Welcome GF :lol:

Can I start off the discussion by asking you whether you have any other predictions for the price of gold.

IMO the best two so far that I have read are from Jim Sinclair and Krassimir Petrov.

Both of which I put on this chart:

 

GoldUS_080220_10000_prediction.gif

 

I thought this morning, it would be nice to add more predictions to it, and see how they all compare.

 

I might skip the Goldman Sachs one of a falling gold price :P

 

Steve

 

 

Sinclair's 1650 figure is way out of date - I read mineset every day and he has commented a few times to that effect - however he is disciplined and is sticking with that figure as a *minimum* for the time being - he's certainly alluded to the figure being higher, perhaps much higher. :D

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OK rant over - with some fine minds on this thread it should easily take over the slack from the HPC thread.

 

GO GATA!

 

GO GOLD!

There had been discussion about the gold thread many times. After all, that these discussion pop up again and again only shows a certain uneasyness about gold. This last incident seemed to have been rather an accident (in a way), but the problem is that all mods are anti-gold, Financial Planner excluded, but he is too busy to be there often anyway.

 

The mods do have a difficult job. But all this was totally unecessary, since the floating solution had worked quite well.

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The funny thing is those lot on HPC that constantly deride gold would have made some good profits if they had bought some when they fist started their aurophobic behavior, maybe that it why they are so bitter?.

 

I don't understand why it gold is such an emotive subject for people. I do not see the same degree of vitriol directed at other assets such as agriculture,oil,equities etc

 

Maybe gold has some deeper meaning or memory embedded deep within peoples psyche.

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There had been discussion about the gold thread many times. After all, that these discussion pop up again and again only shows a certain uneasyness about gold. This last incident seemed to have been rather an accident (in a way), but the problem is that all mods are anti-gold, Financial Planner excluded, but he is too busy to be there often anyway.

 

The mods do have a difficult job. But all this was totally unecessary, since the floating solution had worked quite well.

 

They are against gold probably because their financial orbit revolves around UK house prices. That is house prices in the UK going down is deflationary and anything that contradicts that must be false. This is very common with people in the UK. What they are not realising is that their STR funds are being decimated in interest bearing bank accounts. Inflation in RAMPANT but they just can't see it because house prices are not rising.

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Here are the updated charts:

 

The ratio is plunging further. I see longterm support lower than Dan Norcini.

 

BTW, the large diagonal line in the chart below should be called the FRIZZERS LINE.

 

Gold-Silver-Ratio_GUESS.png

 

Silver is breaking out.

 

Silver_USD_LOG_GUESS.png

 

The scatter plot confirms the breakout (moving into the upper triangle).

 

Gold-Silver_Scatter_LOG_GUESS.png

 

$1,050 could bring a temporary pull-back, but who knows.

 

Gold_USD_LOG_GUESS.png

 

Recent jitters around round numbers have been merely psychological.

 

Gold_USD_LOG_GUESS.png

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Welcome GF :D

Can I start off the discussion by asking you whether you have any other predictions for the price of gold.

IMO the best two so far that I have read are from Jim Sinclair and Krassimir Petrov.

Both of which I put on this chart:

 

GoldUS_080220_10000_prediction.gif

 

I thought this morning, it would be nice to add more predictions to it, and see how they all compare.

 

I might skip the Goldman Sachs one of a falling gold price :P

 

Steve

 

 

Jim Rogers price target here says "US out of conrol"

 

 

http://business.timesonline.co.uk/tol/busi...icle3451136.ece

 

Jim Rogers - who co-founded the now closed Quantum Fund with George Soros - told 750 global fund managers in Tokyo today that, America is “completely out of control”, there will be a 20-year bull market in commodities and that prices will be in turmoil.

And he also warned that it “made sense” if global competition for resources ended in armed conflict.

Mr Rogers told delegates to the CLSA investment forum that the prices of all agricultural products would “explode” in coming years and that the price of gold, which hit an all-time high of $964 an ounce yesterday, will continue its surge to as much as $3,500 an ounce.

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Welcome HPC'ers!

 

Good to see you here. Cant say i have the same confidence in Gold as many of you, but that is as much to do with my lack of high-finance knowledge as anything else...GEI is one way of reversing that (as is HPC).

 

Now if only we could get dstars...

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They are against gold probably because their financial orbit revolves around UK house prices. That is house prices in the UK going down is deflationary and anything that contradicts that must be false. This is very common with people in the UK. What they are not realising is that their STR funds are being decimated in interest bearing bank accounts. Inflation in RAMPANT but they just can't see it because house prices are not rising.

I agree. Some there are just blind towards all the connections that are out there in the real economy. You can't just consider houses without looking left and right. It's a joke.

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Goldfinger was meaning to ask for a while as you are the chart supremo is there any way to superimpose the gold price or overlay it for the past year or up to date to see how it compares with this seasonal 32year chart?

 

 

 

 

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The ratio is plunging further. I see longterm support lower than Dan Norcini.

...

Norcini sees first support at 46:1 (from the monthly chart, I think). He agrees with me (email) that it could go much lower. However, he thinks a reverse of the spreads could bring the ratio first back 50:1, before it attempts lower levels.

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Goldfinger was meaning to ask for a while as you are the chart supremo is there any way to superimpose the gold price or overlay it for the past year or up to date to see how it compares with this seasonal 32year chart?

 

 

 

 

I don't have software for this or know of any (which does not mean much). But I have a chart since 2007.

 

Gold_USD.png

 

 

Logarithmic:

 

Gold_USD_LOG.png

 

If I find the time, I might be able to code such a superposition. But I only have daily data since 1985.

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http://www.telegraph.co.uk/opinion/main.jh...3/04/dp0401.xml

 

Nick Leeson's dealings at Barings were so notorious that he became the subject of the film, Rogue Trader, a sobriquet handed down to Jérôme Kerviel, the French trader at Société Générale, this year.

 

Now, after calculating how much Gordon Brown cost the country when, as Chancellor, he sold off part of our gold reserves, Conservative Future activists in Hertfordshire want the Guinness Book of Records to recognise our Prime Minister as the worst rogue trader in history.

 

An answer in Parliament to the Tory MP Peter Lilley established that 395 tons of British gold was sold between 1999 and 2002, when the price was far lower than it is today. "Gordon Brown should have recognition for this astonishing achievement as the greatest rogue trader of all time," Lilley tells Spy.

 

"He scandalously lost £4.5 billion through pure speculation on the gold price and despite clear expert advice - soundly beating Jérôme Kerviel's loss of £3.6 billion by a country mile."

 

Brown be should under arrest.

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I am usually not aware of any politics over there but today I saw a lot that was wrong with HPC.

 

The last straw was seeing your farewll email 'dumped' into the metals section. ;)

 

Anyway. Exciting times ahead for precious metals. B):):)

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The last straw was seeing your farewll email 'dumped' into the metals section. ;)

...

I was a little annoyed by that as well. But then, that's why they did it, I suppose.

 

It's no use spending too much energy on this. Time to move on.

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An answer in Parliament to the Tory MP Peter Lilley established that 395 tons of British gold was sold between 1999 and 2002, when the price was far lower than it is today. "Gordon Brown should have recognition for this astonishing achievement as the greatest rogue trader of all time," Lilley tells Spy.

 

"He scandalously lost £4.5 billion through pure speculation on the gold price and despite clear expert advice - soundly beating Jérôme Kerviel's loss of £3.6 billion by a country mile."

...

Good stuff!

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I was a little annoyed by that as well. But then, that's why they did it, I suppose.

 

It's no use spending too much energy on this. Time to move on.

 

 

They're that mean spirited I wouldn't be surprised to see them delete the whole gold thread. Karma - none of the mods have protected themselves - they will get what they deserve in the fullness of time.

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What all that boiled down to was Oldie spent a lot time trying to get the link to Metal board worked out and he threw a temper tantrum when no-one liked it. He then went on to blame all the bad, rude, posters. Finally he threw his dummy out of the pram and started to cry. Pathetic.

 

And there's me thinking I got banned for calling him Tony over at GHPC...

 

;)

 

Glad I found you all btw... B)

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Good stuff!

 

 

I read on another forum that he once let slip at a dinner that he sold the gold because he was 'asked' to - and he did what he was told, just like Blair and all the other Quislings.

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I read on another forum that he once let slip at a dinner that he sold the gold because he was 'asked' to - and he did what he was told, just like Blair and all the other Quislings.

 

More like he was TOLD to sell the gold. Mr. Bean has no authority or any original idea.

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Hello

 

I paid off mortgage and saved a bit, found the gold thread on HPC about a year ago and have read the lot.

 

Put all the savings into gold in the summer and saved in honest money (including Ag) ever since, still wondering about when to exit but I am sure its years away.

 

48% gain so far (minus real UK inflation over that time) I am deeply indebted to GF and Pluto and many others who have contributed there.

 

I have spent time on here but like many feel a bit out of my depth so dont contribute much, but have learnt some.

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