Tahoma Posted March 13, 2008 Report Share Posted March 13, 2008 Golds on a bit of a ripper again... I might spreadbet on a pat down from here and treat myself to a take away courtesy of the Cartel. Link to comment Share on other sites More sharing options...
Steve Netwriter Posted March 13, 2008 Report Share Posted March 13, 2008 I think this has been mentioned on here before. One of the best contrary indicators of the price of gold has just occurred. When an article in the economist appears issuing dire warning of an impending crash in the price, this makes it certain that the price is about to surge upwards. This is very good news for goldbugs Buttonwood Bling fling Mar 6th 2008 From The Economist print edition Gold is enjoying a speculative surge. Beware http://www.economist.com/finance/displayst...ory_id=10809383 Interestingly the article contains some fair points, but it neatly manages to spin the idea of buying into gold as risky. I'm pretty sure it was written (as always in the economist on gold at times like this), to scare people off buying gold. This is an excellent indication that the cartel are failing, and that they have once again fallen back to this last tactic. It too will fail, and the result is inevitable. The gold price will surge upwards. So be careful shorting gold Link to comment Share on other sites More sharing options...
Tahoma Posted March 13, 2008 Report Share Posted March 13, 2008 So be careful shorting gold You could be right - there is a takeaway level bet at stake here though, so wish me luck. Link to comment Share on other sites More sharing options...
alexreeve Posted March 13, 2008 Report Share Posted March 13, 2008 Silver shooting up too, $20.63 now. Link to comment Share on other sites More sharing options...
pmaupoil Posted March 13, 2008 Report Share Posted March 13, 2008 Does anyone know a good link for real time or 15/20min delay currency rates? The Yahoo one is quite bad. On the other hand, I quite like that one for comparing all major currencies to gold: http://goldprice.org/gold-price.html Link to comment Share on other sites More sharing options...
Steve Netwriter Posted March 13, 2008 Report Share Posted March 13, 2008 Here you go, just to prove I'm not making it up Gold’s Infallible Indicator – Six Months Later http://www.kitco.com/commentary/turk.htm Exactly six months ago I wrote about an indicator that has predicted with 100% accuracy when the price of gold was about to rise. The entire article can be read here: http://www.kitco.com/commentary/old/Turk/turk_may072007.htm Over the years, this indicator has been one of my favorites. It has been so good that I call it “gold’s infallible indicator”. True to form, this indicator is still scoring 100%. The indicator is very simple. It is based on articles about gold in The Economist magazine. As I wrote six months ago: “The Economist rarely writes about gold, but when it does, start buying. It has an uncanny knack for publishing unswervingly bearish articles on gold just before the price heads higher.” Link to comment Share on other sites More sharing options...
Steve Netwriter Posted March 13, 2008 Report Share Posted March 13, 2008 Does anyone know a good link for real time or 15/20min delay currency rates? The Yahoo one is quite bad.On the other hand, I quite like that one for comparing all major currencies to gold: http://goldprice.org/gold-price.html I have two favourites. You'll want to pick the country domain that suites your needs. http://www.hifx.co.nz/marketwatch/currency...rical_data.aspx or http://www.hifx.co.uk/marketwatch/currency...rical_data.aspx But I now prefer this one, as it does a lot more, and has gold/silver on it. http://netdania.com/ChartApplet.asp Link to comment Share on other sites More sharing options...
sbn Posted March 13, 2008 Report Share Posted March 13, 2008 995.4 Where are you GF - I dont care how busy you are - you have to be here when it busts through Link to comment Share on other sites More sharing options...
Steve Netwriter Posted March 13, 2008 Report Share Posted March 13, 2008 995.4Where are you GF - I dont care how busy you are - you have to be here when it busts through Wow! Is it worth me staying up. It's already 12.45am here. Or is it going to get beaten down. I would like to see it live when it goes through 1000 Like watching the first moon landing Link to comment Share on other sites More sharing options...
Steve Netwriter Posted March 13, 2008 Report Share Posted March 13, 2008 996.65 ! Link to comment Share on other sites More sharing options...
sbn Posted March 13, 2008 Report Share Posted March 13, 2008 996.4 - I've got a horid feeling they're going to let it go to the K then WHACK!!!!! All the IMF gold in one hit - just to teach us a lesson. Knock it back down to 700 Link to comment Share on other sites More sharing options...
Pluto Posted March 13, 2008 Report Share Posted March 13, 2008 Me first, me first. The silver one is just approaching orbit FASTEN YOUR SEATBELTS! Link to comment Share on other sites More sharing options...
HPCSucks Posted March 13, 2008 Report Share Posted March 13, 2008 995.4Where are you GF - I dont care how busy you are - you have to be here when it busts through He's busy caressing his sovs Link to comment Share on other sites More sharing options...
pmaupoil Posted March 13, 2008 Report Share Posted March 13, 2008 Thanks for the links I have two favourites. You'll want to pick the country domain that suites your needs. http://www.hifx.co.nz/marketwatch/currency...rical_data.aspx or http://www.hifx.co.uk/marketwatch/currency...rical_data.aspx But I now prefer this one, as it does a lot more, and has gold/silver on it. http://netdania.com/ChartApplet.asp Link to comment Share on other sites More sharing options...
Steve Netwriter Posted March 13, 2008 Report Share Posted March 13, 2008 996.4 - I've got a horid feeling they're going to let it go to the K then WHACK!!!!!All the IMF gold in one hit - just to teach us a lesson. Knock it back down to 700 Did you read the details of the IMF sale conditions ? It's a no-sale. A complete whitewash. I think that was the 1st attempt to knock the price while not doing anything. The economist article is the 2nd. Maybe they have no bullets. But, you could be right. Maybe they will try and whack it down, but I'd have thought they'd want to do it below $1000. Of course to do that they'd need either gold or money Link to comment Share on other sites More sharing options...
Pluto Posted March 13, 2008 Report Share Posted March 13, 2008 Did you read the details of the IMF sale conditions ?It's a no-sale. A complete whitewash. I think that was the 1st attempt to knock the price while not doing anything. The economist article is the 2nd. Maybe they have no bullets. But, you could be right. Maybe they will try and whack it down, but I'd have thought they'd want to do it below $1000. Of course to do that they'd need either gold or money Remember oil got smacked down from 100 to 88 when it first crossed the line - only to march back up to 110. However, gold could keep on sailing because the mass $ dumping, and any pullback may be met with fierce buying. Link to comment Share on other sites More sharing options...
Steve Netwriter Posted March 13, 2008 Report Share Posted March 13, 2008 You could be right - there is a takeaway level bet at stake here though, so wish me luck. I think you're going to make your takeaway money. NY knock down coming right up. Unless I'm wrong. Link to comment Share on other sites More sharing options...
drbubb Posted March 13, 2008 Report Share Posted March 13, 2008 $996 and rising Link to comment Share on other sites More sharing options...
drbubb Posted March 13, 2008 Report Share Posted March 13, 2008 Fantastic interview from Jim Rogers. Get this man on the BBC news! Some interesting points that he did and didn't mention.. 1) One for Bubb here: Jim talks about holding the commodity itself rather than shares. He quoted a figure of 300% better than holding the shares. I always thought that shares give you leverage on the commodity itself, and thus the greater return. This is why the good doctor holds gold shares more than physical gold? 2) He didn't mention gold once! I dont think he was talking about gold shares - other commodities maybe. Anyway, until 2007, the Juniors provioded better gearing, and I think they may again Link to comment Share on other sites More sharing options...
Steve Netwriter Posted March 13, 2008 Report Share Posted March 13, 2008 Remember oil got smacked down from 100 to 88 when it first crossed the line - only to march back up to 110. However, gold could keep on sailing because the mass $ dumping, and any pullback may be met with fierce buying. Yes I agree. I just don' think I'm psychologically prepared for it to rise like it probably will. Link to comment Share on other sites More sharing options...
Steve Netwriter Posted March 13, 2008 Report Share Posted March 13, 2008 $996 and rising Good evening good Dr You here for the party ? It's getting awfully close. Link to comment Share on other sites More sharing options...
drbubb Posted March 13, 2008 Report Share Posted March 13, 2008 Remember oil got smacked down from 100 to 88 when it first crossed the line - only to march back up to 110. However, gold could keep on sailing because the mass $ dumping, and any pullback may be met with fierce buying. That is true, but I dont think that Oil built cause below $100, the way that Gold has below $100 Link to comment Share on other sites More sharing options...
HPCSucks Posted March 13, 2008 Report Share Posted March 13, 2008 I'm not going to look at any other source when that moment arrives. I want to see it here first. Link to comment Share on other sites More sharing options...
Whosthedaddy? Posted March 13, 2008 Report Share Posted March 13, 2008 You could be right - there is a takeaway level bet at stake here though, so wish me luck. I also opened a spreadbet long gold today, nicely in profit at the moment - hope we keep going for a bit through $1000 ;-) Cant figure out why its taken a few days for the gold market to react to the 'free money' giveaway from that nice man at the Fed. Link to comment Share on other sites More sharing options...
Steve Netwriter Posted March 13, 2008 Report Share Posted March 13, 2008 997.5 Now 997.7 Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now