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Anyone know if there is an equivalent UK symbol on Stockcharts.com to the $GOLD one to get the chart in £'s, or if there is one for Yahoo charts.

 

Ta in advance.

 

http://stockcharts.com/h-sc/ui?s=$GOL...id=p45596489108

 

$NZD = New Zealand Dollar

$XAD = Australian Dollar

$XBP = British Pound (Trade Weighted)

$XEU = Euro Index

$XJY = Japanese Yen

$HUI = Gold Bugs Index on AMEX, INDX

$GOLD = AMEX/Gold

GLD = StreetTracks Gold Trust Shares

$SILVER = Silver, continuous contract EOD

WTIC = Light crude oil

 

$USD = US Dollar (EOD)

 

$DJA = Dow Jones Composite Average

$DJEURO = Dow Jones Euro Currency Index

$INDU = DJIA (Dow Jones Industrial Average)

$SPX = S&P500

 

$VIX = Volatility Index

 

Plotting x/y against time, put: eg $XBP:$XJY (GBP / JPY)

 

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By chance here is someone using stockcharts in an interesting way ;):D

 

Gold is CURRENTLY rising in a parabolic fashion. Don’t understand? Read on…

http://caps.fool.com/Blogs/ViewPost.aspx?b...808419327792238

 

Read and check the charts to see what he is talking about :D

 

He's got a point.

 

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Guess Casimir means money held in £,$, euro, CAD$ savings with them.

 

Casimir - give GM a ring/email to see maybe - let us know what they say.

 

Oh yes, my mistake, read it too quickly !

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If the answer is "under the Jersey jurisdiction", I think you need to be careful. Last I checked, Jersey has very poor guarantees. The Isle of Man is better, but not as good as the mainland.

 

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Guess Casimir means money held in £,$, euro, CAD$ savings with them.

 

Casimir - give GM a ring/email to see maybe - let us know what they say.

 

 

Just to note, GM segregated accounts (for GBP in any event) are held with RBS International. I am pretty sure you don't have the 50k FSA (UK) backing

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Gold bull market to go for years: Jim Rogers

 

The chairman of Rogers Holdings has claimed that investing in gold is still a sound strategy as it is in the midst of a concerted bull run, says a report posted in Bullionvault.

 

Gold prices today posted their first weekly loss in five and there are worries among some market commentators that the prospect of deflation will push them lower.

 

However, Jim Rogers told Bloomberg that the fundamentals of commodities are "unimpaired" and that prices will recover strongly when supply shortages are incorporated.

 

He said: "I own some gold and if gold goes down I'll buy some more and if gold goes up I'll buy some more.

 

"Gold during the course of the bull market, which has several more years to go, will go much higher."

 

Mr. Rogers' comments were echoed recently by Nicholas Brooks, head of strategy at exchange-traded commodity specialist ETF Securities, who explained that the current market uncertainties are leading investors to gold.

 

"Investors have been in pure panic," he said. "They think the world is ending. When people get into that sort of mentality, one of the first places they go to is gold."

 

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Just to note, GM segregated accounts (for GBP in any event) are held with RBS International. I am pretty sure you don't have the 50k FSA (UK) backing

The more reason just to buy the metal and hold it!

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The more reason just to buy the metal and hold it!

 

This is how Alf Field finished his latest article.

 

"Why quit writing these reports? I have noticed from the emails that I receive that many people are using these reports to guide their trading activities in gold. I have had no objection to this in the past, but feel that it would be foolish to trade gold in the circumstances of the Big Kahuna crisis that we are living though at the moment. It has become a question of individual financial survival in an environment where things are happening more rapidly and with increasing violence. I feel very strongly that it is time to quietly hold onto ones gold insurance and not attempt to trade it. I do not wish to provide interim levels that may cause people to be encouraged to trade their gold to skim a few extra fiat dollars or other currencies, but lose their gold as a result."

 

 

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From memory, backwardation (and warnings of backwardation) have so far proved to be a total red herring in predicting default on delivery. On the other hand I remember it being an extremely reliable buy signal for silver (and on freak occasions gold) for almost a decade, so I plan to take out some minis on Monday, with an aim to short term gain (a watchful eye will hopefully avoid short term pain).

Very nice call so far Marceau. Good to see your touch hasn't deserted you.

 

I bought a little at $9.32 last week. Glad I stuck it out and dismissed all this talk of $6.60.

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Interesting piece on gold backwardation - Is in depth !

 

http://www.professorfekete.com/articles/AEFRedAlert.pdf

 

 

Could have been written by someone on here (but I assume it wasnt)!!!

 

Now the truth is out: you can no longer coax gold out of hiding with paper profits.

+

This is a

financial earthquake measuring ten on the Greenspan scale, with epicenter at the

Comex in New York, where the Twin Towers of the World Trade Center once

stood. It is no exaggeration to say that this event will trigger a tsunami wiping out the prosperity of the world.

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saw this in the latest Dilbert newsletter and it made me smile :lol:

 

http://dilbert.com/newsletter/issue/December_2008_Issue71

 

Soon Dogbert will claim his rightful place as Emperor of the World, and you will rule by his side, replacing all governments worldwide. Our slogan will be "We're no worse than the clowns who had this job before".

 

Dogbert plans to turn the economy around by declaring that gold is worthless and regular rocks are highly valuable. It never made sense that rare minerals were worth the most. That was just asking for a recession. Under the Dogbert regime, you'll be able to buy a Prius with a handful of crushed stones.

 

I realize this concept might cause some inflation. But if the Grand Canyon is such a great natural wonder, think how much prettier the world would be with huge holes everywhere.

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Very nice call so far Marceau. Good to see your touch hasn't deserted you.

 

I bought a little at $9.32 last week. Glad I stuck it out and dismissed all this talk of $6.60.

 

 

Thank you, it was quite a rally in silver. I've just sold half of what I purchased this morning and have set a stop at the $10 mark for the rest. Paper profits admittedly, but it all adds to the slush fund for mining equities and physical gold.

 

I just can't shake the feeling that we're going down before Xmas, though, so I'm staying careful (I certainly wouldn't rule out a sub-$7 silver abberation).

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Interesting piece on gold backwardation - Is in depth !

 

http://www.professorfekete.com/articles/AEFRedAlert.pdf

 

 

Could have been written by someone on here (but I assume it wasnt)!!!

 

Update: Ouch! Freakin' awesome article.

 

http://www.safehaven.com/article-12032.htm

 

Take Mr. Gordon Brown, the prime minister of Britain. As the Chancellor of the Exchequer he ordered the Bank of England to sell one half of the nation's gold reserve in one fell swoop. He even overruled the Governor of the Bank who first refused. The sale took place at the average price of $250 in 2000, a major multi-year bottom. Nice shot, Mr. Brown! The Chancellor has earned the name of the bottom-picker of the century.

 

Now, as prime minister, he could order the Bag Lady of Threadneedle Street to sell the other half. If she did, it would be a sale fetching a price three times higher. Better still, she could buy back the gold in 30 days at a discount. (This is the meaning of backwardation in gold.)

 

But look who isn't selling on these unbeatable terms? Why, Me-too Gordy isn't, that's who. He has learnt that a bird in hand is worth a dozen in the bush. He knows that if he falls to the temptation of 'risk-free profits', he may never see his gold again. It would disappear in the black hole of irredeemable currency, where the other half did. Gordy has made himself the laughing stock of the world once as the bottom-fisher of the century. He does not want to do it again. Who can blame him? If he did, he could earn a second nickname: the sweetest-singing crow of the century, and he doesn't want that.

 

 

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Does anyone know the legislation of the GM currency accounts? I have read that they are working with Barclays and RBS in Jersey but under which scheme is the money insured if they go bust!?

 

For those who are interested here is what GM had to say about it:

###########

GoldMoney's accounts are all based in Jersey, ChannelIslands. As such, they are not subject to any guarantees that the government of Britain offers banks and individual account holders in the U.K. GoldMoney has opened a bank account at several different banks and we will move funds in between the banks if we are concerned about the solvency of a single bank. We hold abank account at RBS, Barclays bank and Lloyds TSB Bank. Also, our segregated funds feature is not intended to be used as a long-term savings alternative. Rather, it is designed to allow customers to more easily control the timing of their purchases, to hold the proceeds of a sell order on account if they plan on using those funds towards a purchase in the future, rather than wiring those funds back to their bank account immediately. The customer may also convert their currency balances into gold or silver immediately by making a purchase if they are duly concerned about the long-term viability of any of the banks where we hold our funds. Therefore, we recommend that you do not hold liquid cash in your Holding for any length of time and keep your savings in a precious metal which will alleviate any risk in regard to bank insolvencies.

###########

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For those who are interested here is what GM had to say about it:

###########

GoldMoney's accounts are all based in Jersey, ChannelIslands. As such, they are not subject to any guarantees that the government of Britain offers banks and individual account holders in the U.K. GoldMoney has opened a bank account at several different banks and we will move funds in between the banks if we are concerned about the solvency of a single bank. We hold abank account at RBS, Barclays bank and Lloyds TSB Bank. Also, our segregated funds feature is not intended to be used as a long-term savings alternative. Rather, it is designed to allow customers to more easily control the timing of their purchases, to hold the proceeds of a sell order on account if they plan on using those funds towards a purchase in the future, rather than wiring those funds back to their bank account immediately. The customer may also convert their currency balances into gold or silver immediately by making a purchase if they are duly concerned about the long-term viability of any of the banks where we hold our funds. Therefore, we recommend that you do not hold liquid cash in your Holding for any length of time and keep your savings in a precious metal which will alleviate any risk in regard to bank insolvencies.

###########

 

Or, just keep buying physical and keep it simple!

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Great sage or feeling the squeeze?

 

Horrific gold 'dump': Is this guy for real? – ThomWatch

 

‘Interventional’ analyst expects price plunge this week

 

Michael Bolser, a trained physicist who developed dollar value commodity indexes and 10 months ago correctly forecast the scope of the current recession, expects more than 3,000 tonnes of gold to flood the market this week.

 

Bolser, based in Florida, says the International Monetary Fund will release the gold for sale on Wednesday, Dec. 10. The 64-year-old Bolser says the price of gold subsequently will slide as much as 40 percent – to $455 an ounce in coming weeks from its current $760 an ounce.

 

CONTINUE >>>

 

Meanwhile, silver in backwardization (1 month)?

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Great sage or feeling the squeeze?

 

 

 

Meanwhile, silver in backwardization (1 month)?

 

 

Entirely plausible, it would just be the IMF's equivalent of margin selling to boost liquidity. Whether this is true or not, I'm expecting a broad asset dump before we hit Xmas.

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Great sage or feeling the squeeze?

 

 

 

Meanwhile, silver in backwardization (1 month)?

 

$455 in a month???? Wow - I will be waiting with my fiat at the ready!

 

I have just read the whole article...maybe the 'elite' know the gig is up, and need a way in to REAL money.

Maybe the credit valves will be opened after this event and then hyper-inflation it is!

 

Pencil in the 8th Jan 2009 as that is a month from the articles post date.

 

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