drbubb Posted March 7, 2008 Report Share Posted March 7, 2008 Do they trade on any US exchange? Yes, symbol: PIMHF / weekly chart You may want to check out a thread here on Playmates. Be careful, there was a stock consolidation recently. The stock is back under my cost now Link to comment Share on other sites More sharing options...
marceau Posted March 7, 2008 Report Share Posted March 7, 2008 Friday, March 7, 2008 8:30 AM ET. Feb Employment Non-Farm Payrolls (expected 0; previous -17K) Unemployment Rate (expected 5%; previous 4.9%) 9:40 AM ET. Feb ECRI Inflation Gauge (previous 117.9) 3:00 PM ET. Jan Consumer Credit, in dollars Consumer Credit Outstanding (expected 6B; previous 4.5B) Big day for news. I wouldn't want to be in the DOW at the moment. Link to comment Share on other sites More sharing options...
marceau Posted March 7, 2008 Report Share Posted March 7, 2008 Woah. DOW just went below 12000. Link to comment Share on other sites More sharing options...
drbubb Posted March 7, 2008 Report Share Posted March 7, 2008 Woah. DOW just went below 12000. SPX could be nearing an important low here Weekly SPX ... update I shall be watching the VIX on opening, Does anyone knwo what Tom Obrien is saying about this move? Link to comment Share on other sites More sharing options...
azazel Posted March 7, 2008 Report Share Posted March 7, 2008 The latest post in the old Gold thread on HPC by the moderators: LOL, so we are allowed back in a day or so if we promise not to discuss its location. "We will make another attempt to open this topic in a day or so." http://www.housepricecrash.co.uk/forum/ind...p;#entry1001058 Link to comment Share on other sites More sharing options...
G0ldfinger Posted March 7, 2008 Author Report Share Posted March 7, 2008 Hehe, don't you love the Cartel. In 15 minutes from $988.45 to $975. Link to comment Share on other sites More sharing options...
marceau Posted March 7, 2008 Report Share Posted March 7, 2008 Things not making a lot of sense so far. I couldn't even see a glimmer of hope for the US in today's news, yet the DOW is steadying and the dollar is rising! Unbelievable! How can anyone think the dollar is the best place to be? The news today virtually guarantees a 75 bps cut by the Fed, I suppose the dollar will rise after that as well, eh? Link to comment Share on other sites More sharing options...
G0ldfinger Posted March 7, 2008 Author Report Share Posted March 7, 2008 G0ldfinger/Steve Netwriter - why hold silver also? Are you thinking that silver may rise more or quicker than gold - apologies if that is an old question. Safebetter. General consensus is that silver has more potential but is more risky. There are some threads like that, But perhaps I should start another one in honor of all the new members. Is there enough interest here? One post with a few good links (also to other threads) could help. Link to comment Share on other sites More sharing options...
G0ldfinger Posted March 7, 2008 Author Report Share Posted March 7, 2008 March 7 (Bloomberg) -- The U.S. unexpectedly lost jobs in February for the second consecutive month, adding to evidence the economy is in a recession. MORONS. ``All the lights are flashing red,'' said Nariman Behravesh, chief economist at Global Insight Inc. in Lexington, Massachusetts, in an interview with Bloomberg Television. ``We're in a recession. I don't think there is any doubt about it at this point.'' Minutes before the figures were released, the Fed said it will expand two short-term auctions this month to $100 billion, from $60 billion, to address ``heightened liquidity pressures'' in markets. Treasury notes surged and the dollar weakened after the employment figures. http://www.bloomberg.com/apps/news?pid=206...&refer=home Link to comment Share on other sites More sharing options...
marceau Posted March 7, 2008 Report Share Posted March 7, 2008 "Treasury notes surged and the dollar weakened after the employment figures." But the dollar is rising! For absolutely no reason! How can the dollar be rising on news like that?? Is there anyone out there who can think for themselves anymore????? Link to comment Share on other sites More sharing options...
Gatesy Posted March 7, 2008 Report Share Posted March 7, 2008 I've noticed a few posters around who spreadbet on Gold and even Silver. I've got a question that is probably staggeringly daft - surely if you can put in fairly tight stops, you can keep placing bets until the market goes in the right direction and then coin it in? Is there some sort of compensator for when you have a tight stop in place that limits your potential winnings? Not a gambling man myself. IMO spreadbetting as a vehicle has its advantages and disadvantages. In a market you are expecting to move positively over the medium term (a la gold and silver) for me the advantages so far have outweighed the disadvantages. Tight stops are obviously tricky in a failry volatile instrument but for me there are other ways to play it. I have been meaning to try and explore this in more depth on the forums for a little while, but i'll post over on one of the spreadbetting forums shortly and post a link back here if anyone is interested. Link to comment Share on other sites More sharing options...
G0ldfinger Posted March 7, 2008 Author Report Share Posted March 7, 2008 "Treasury notes surged and the dollar weakened after the employment figures." But the dollar is rising! For absolutely no reason! How can the dollar be rising on news like that?? Is there anyone out there who can think for themselves anymore????? It's noise. I would ignore it. Maybe Japan or someone is buying. Gold's volatility - love it. Link to comment Share on other sites More sharing options...
marceau Posted March 7, 2008 Report Share Posted March 7, 2008 It's noise. I would ignore it. Maybe Japan or someone is buying. Gold's volatility - love it. You're right, it's noise, but ridiculous noise nonetheless. I have no direct dollar or DOW position, although obviously they impact gold, but I just can't see how there has been any relief after today's news flow. Let's face it, that news was dire, real 'game over' stuff for the US economy. To see the DOW steady and the dollar rise after that is just incredible and real proof that the markets are being manipulated by the PPT. No fair and free market would be reacting the way this market is. Today has confirmed to me that going anywhere near the main indices is no better than gambling. Fundamentals just don't seem to apply (short term at least) and I dread to think how many average people are being suckered into these rigged arenas to be slaughtered by the corrupt actions of their own governments. Link to comment Share on other sites More sharing options...
consa Posted March 7, 2008 Report Share Posted March 7, 2008 Hi consai was looking at your Ghpc is property guru really realist bear as he says,and is just whining the other hpc up. PG is the original PG, he is far from realistbear. Link to comment Share on other sites More sharing options...
Bobsta Posted March 7, 2008 Report Share Posted March 7, 2008 I've noticed recently poor performance from the Kitco.com site... Refreshing the gold, silver, platinum (and I'm sure other) charts often results in a connection failure and a retry being required. Is this potentially a sign of more interest in PMs out there? ... or do I just have an unreliable Internet connection? Link to comment Share on other sites More sharing options...
narco Posted March 7, 2008 Report Share Posted March 7, 2008 PPT hard at work on the DOW today. Why don't they just print up a few trillion and buy every single share on the index? Link to comment Share on other sites More sharing options...
marceau Posted March 7, 2008 Report Share Posted March 7, 2008 PPT hard at work on the DOW today. Why don't they just print up a few trillion and buy every single share on the index? Indeed. I don't think I've ever seen anything quite as blatantly rigged as today's action. What amazes me is that people fall for it. Link to comment Share on other sites More sharing options...
marceau Posted March 7, 2008 Report Share Posted March 7, 2008 This is all good for gold though, they just can't seem to take it down. When sanity returns next week the rockets will fly. Link to comment Share on other sites More sharing options...
Bobsta Posted March 7, 2008 Report Share Posted March 7, 2008 Indeed. I don't think I've ever seen anything quite as blatantly rigged as today's action. What amazes me is that people fall for it. But the pound's having a mini-rally too. Up against EUR, JPY, CHF, NOK, SEK - everything! Link to comment Share on other sites More sharing options...
Pixel8r Posted March 7, 2008 Report Share Posted March 7, 2008 I've noticed recently poor performance from the Kitco.com site... Refreshing the gold, silver, platinum (and I'm sure other) charts often results in a connection failure and a retry being required. Is this potentially a sign of more interest in PMs out there? ... or do I just have an unreliable Internet connection? I have noticed the same, especially when America opens. So I don't think it your net connection. Link to comment Share on other sites More sharing options...
marmite Posted March 7, 2008 Report Share Posted March 7, 2008 Talking heads just on CNBC. A quick run down....... Daniel Sillhart, LB Swiss Gold runs in a 8 year cycle 1972 - 1980.......2001 - 2009 ??? Will the Bull die ? The market expects a correction to $900 - $870 sometime in the next 4 weeks. $1100 - 1150 target for 2009 Silver moves twice as much as gold.The $40 high manipulated in 80's Expect a $24 dollar high this time. Not my views but interesting to see what mainstream is pumping out. To me this reads you better think twice before jumping into gold as your upside is minimal and short lived. If you are already in, it might be best to start thinking where the exits are. IMHO......This of course allows the likes of Goldmans to buy it up when we have the big correction at the $1000 mark which will shake a lot of people out of the market. After that the rockets will really start Buy and Hold Link to comment Share on other sites More sharing options...
marceau Posted March 7, 2008 Report Share Posted March 7, 2008 The DOW just took another down leg below 12000. Based on what's happened so far today, the cynic in me says that this drop is just to suck in a few more unfortunates on the short side before the PPT MAKES the index close above 12000. Gotta love those free markets. Link to comment Share on other sites More sharing options...
G0ldfinger Posted March 7, 2008 Author Report Share Posted March 7, 2008 The DOW just took another down leg below 12000. Based on what's happened so far today, the cynic in me says that this drop is just to suck in a few more unfortunates on the short side before the PPT MAKES the index close above 12000. Gotta love those free markets. Looks as if it's turning now. Soon we see wonderful leap up by 200 points. Link to comment Share on other sites More sharing options...
drbubb Posted March 7, 2008 Report Share Posted March 7, 2008 I like RGLD below $30 ... see chart Call options might be worth buying here Link to comment Share on other sites More sharing options...
marceau Posted March 7, 2008 Report Share Posted March 7, 2008 I like RGLD below $30 ... see chart Call options might be worth buying here Coincidence, I just posted about RGLD in the mining section. I have to admit I'm losing faith in it, I think I'll make a decision on it next week. Link to comment Share on other sites More sharing options...
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