Where Is Gold Going In This Market

[midas]

for those that don't believe in gold as a future currency ( and don't believe in Bitcoins

like Naam ).............how about time as a currency?

" Unless you replenish your clock.... you DIE "

http://jezebel.com/5826181/the-trailer-for-justin-timberlakes-new-sci+fi-movie-about-immortality

[Naam]

..how about time as a currency?

or moonlight or... rare lukewarm crocodile farts?

[waza]

..how about time as a currency?

or moonlight or... rare lukewarm crocodile farts?

How about diamonds? There are plenty of them and it might give them a true value Plus they are indestructable and easy to pocket as we run to the border to escape the masses.

Edited November 5, 2011 by waza

[midas]

..how about time as a currency?

or moonlight or... rare lukewarm crocodile farts?

oh dear ! I thought someone with the the fertile mind of a science-fiction series enthusiast,

the idea behind this movie would have generated a little more positive response from you?

Edited November 5, 2011 by midas

[fletchsmile]

..how about time as a currency?

or moonlight or... rare lukewarm crocodile farts?

oh dear ! I thought someone with the the fertile mind of a science-fiction series enthusiast,

the idea behind this movie would have generated a little more positive response from you?

I mentioned time a few posts back with the same movie in mind. Makes more sense than a certain yellow chunk of metal. I think our Klingon friend is being overly harsh

As long as it's quality time of course

"Lenfer c'est les autres" (JPS, Huis Clos)

Edited November 5, 2011 by fletchsmile

[churchill]

Three + years later & here is their statement??

http://www.cftc.gov/PressRoom/PressReleases/silvermarketstatement

November 4, 2011

CFTC Statement Regarding Enforcement Investigation of the Silver Markets

Washington, DC, November 4, 2011 – The Commodity Futures Trading Commission today issued the following statement:

“In September of 2008, the Commission announced the existence of an enforcement investigation into the possibility of unlawful acts in silver markets. Since that time, the staff has analyzed over 100,000 documents and interviewed dozens of witnesses and obtained expert advice. It has been a long, detailed, and thorough investigation, and it continues in an appropriate and considered manner.”

Bart Chilton Audio - There is Manipulation in the Silver Market, MF Global & More....

http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2011/11/5_Bart_Chilton.html

[Naam]

..how about time as a currency?

or moonlight or... rare lukewarm crocodile farts?

oh dear ! I thought someone with the the fertile mind of a science-fiction series enthusiast,

the idea behind this movie would have generated a little more positive response from you?

I mentioned time a few posts back with the same movie in mind. Makes more sense than a certain yellow chunk of metal. I think our Klingon friend is being overly harsh

As long as it's quality time of course

"Lenfer c'est les autres" (JPS, Huis Clos)

l'enfer en Thaivisa c'est... moi (Naam)

[Naam]

..how about time as a currency?

or moonlight or... rare lukewarm crocodile farts?

How about diamonds? There are plenty of them and it might give them a true value Plus they are indestructable and easy to pocket as we run to the border to escape the masses.

a diamond is 100% carbon and burns like its twin brother coal. but it takes more than a fart to light one up

[cloudhopper]

http://www.zerohedge.com/news/g-20-demands-german-gold-keep-eurozone-intact-german-central-bank-tells-g-20-where-stick-it

[churchill]

http://www.zerohedge.com/news/g-20-demands-german-gold-keep-eurozone-intact-german-central-bank-tells-g-20-where-stick-it

Haven't the Italians been proposing gold backed bonds for some time - Greece / Portugal / Italy and Spain own a lot of gold so would make sense ...

No wonder central banks are accumulating gold ...

[cloudhopper]

No wonder central banks are accumulating gold ...

It's just traditional.

[fletchsmile]

I've always preferred owning mining stocks to the metals itself. This year the stocks have generally lagged the physical.

Since inception on 7 Apr 1988, BlackRock Gold and General unit trust has gone up 16-fold, compared to 4-fold for gold. In the last 5 years, the fund is up about 120% compared to 180% for gold, and over 1 year 1% vs 27%.

Physical gold as a trade looks a bit tired to me - don't see much of an uplift until Q1 2012 after nearing my 1800 target. On the other hand there's some interesting numbers in miners which have been hammered indiscriminately. Quite a few hedge funds, big players have missed the equities rally in the last few weeks, so will want to put in a good show for y/e.

Reminds me of the saying, Thais buy gold, whereas the Chinese buy gold shops

Eased up a bit on silver too today, and booked some profits, as the strong performance has still not quite brought back to 28/9/30 Oct. I was looking for 37-40 but that also looks tired, and maybe Q1 2012 instead.

If S&P breaks 1273 that will be very interesting...

Edited November 7, 2011 by fletchsmile

[letitbe]

No wonder central banks are accumulating gold ...

It's just traditional.

to everyone just buy tons of it or as much as you can afford I don't think you'll regret it but make shue you dont go asleep it will crash real bad one day but IMO not for a few years Ive gone from 100 % property to 60% property 40 % shares to 50% property 25% shares 25 % gold/silver and only thinking should I stop there or go 40% property 20% shares 40% gold/silver. If someone had said to me but gold silver almost anytime in last 40 years except last 3 I would have said are you nuts. Im now 100% totally convinced west and fiat money are heading for one of biggest financial disasters in last 1000 years but of course could be wrong. Its women and children first and everyone for themselves after that IMO But if you dont fancy that anything thats real just dump fiat money or your toast. you've had enough warnings up to you if you heed them. Be worried very worried if you hold cash.

[flying]

Physical gold as a trade looks a bit tired to me - don't see much of an uplift until Q1 2012 after nearing my 1800 target. On the other hand there's some interesting numbers in miners which have been hammered indiscriminately. Quite a few hedge funds, big players have missed the equities rally in the last few weeks, so will want to put in a good show for y/e.

Perhaps due to my premise for owning physical...?

Physical has not looked tired to me for years. It bases/coils & goes again

Again due to my premise it does not surprise me at all.

To that end I will not be surprised to see $1850 this week. Then set a low

around 3rd week of November. This is not to say it won't be a higher low than the last.

Then rally into Christmas.

As to miners...while I do not partake of paper markets any longer I agree & think miners will start to

do quite well. I would be more interested in junior miners though. But as I said I no longer

play at the casinos.

This is not to be considered advice of any kind....just random thoughts & again due to *my* premise

it does not really matter.......... DYODD

Edited November 7, 2011 by flying

[midas]

I've always preferred owning mining stocks to the metals itself. This year the stocks have generally lagged the physical.

Since inception on 7 Apr 1988, BlackRock Gold and General unit trust has gone up 16-fold, compared to 4-fold for gold. In the last 5 years, the fund is up about 120% compared to 180% for gold, and over 1 year 1% vs 27%.

Physical gold as a trade looks a bit tired to me - don't see much of an uplift until Q1 2012 after nearing my 1800 target. On the other hand there's some interesting numbers in miners which have been hammered indiscriminately. Quite a few hedge funds, big players have missed the equities rally in the last few weeks, so will want to put in a good show for y/e.

Reminds me of the saying, Thais buy gold, whereas the Chinese buy gold shops

Eased up a bit on silver too today, and booked some profits, as the strong performance has still not quite brought back to 28/9/30 Oct. I was looking for 37-40 but that also looks tired, and maybe Q1 2012 instead.

If S&P breaks 1273 that will be very interesting...

China’s gold imports jump sixfold ( not paper - REAL )

http://www.ft.com/intl/cms/s/2dca01d8-093d-11e1-a20c-00144feabdc0,Authorised=false.html?_i_location=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2F2dca01d8-093d-11e1-a20c-00144feabdc0.html&_i_referer=http%3A%2F%2Fwww.zerohedge.com%2Fnews%2Fchina-takes-advantage-september-gold-price-drop-imports-record-amount-gold#axzz1cxJS8s4O

Edited November 8, 2011 by midas

[fletchsmile]

I've always preferred owning mining stocks to the metals itself. This year the stocks have generally lagged the physical.

Since inception on 7 Apr 1988, BlackRock Gold and General unit trust has gone up 16-fold, compared to 4-fold for gold. In the last 5 years, the fund is up about 120% compared to 180% for gold, and over 1 year 1% vs 27%.

Physical gold as a trade looks a bit tired to me - don't see much of an uplift until Q1 2012 after nearing my 1800 target. On the other hand there's some interesting numbers in miners which have been hammered indiscriminately. Quite a few hedge funds, big players have missed the equities rally in the last few weeks, so will want to put in a good show for y/e.

Reminds me of the saying, Thais buy gold, whereas the Chinese buy gold shops

Eased up a bit on silver too today, and booked some profits, as the strong performance has still not quite brought back to 28/9/30 Oct. I was looking for 37-40 but that also looks tired, and maybe Q1 2012 instead.

If S&P breaks 1273 that will be very interesting...

China’s gold imports jump sixfold ( not paper - REAL )

http://www.ft.com/intl/cms/s/2dca01d8-093d-11e1-a20c-00144feabdc0,Authorised=false.html?_i_location=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2F2dca01d8-093d-11e1-a20c-00144feabdc0.html&_i_referer=http%3A%2F%2Fwww.zerohedge.com%2Fnews%2Fchina-takes-advantage-september-gold-price-drop-imports-record-amount-gold#axzz1cxJS8s4O

Edit: Reminds me of the saying, Thais buy gold, whereas the Thai Chinese buy gold shops

[flying]

Reminds me of the saying, Thais buy gold, whereas the Chinese buy gold shops

China’s gold imports jump sixfold ( not paper - REAL )

http://www.ft.com/intl/cms/s/2dca01d8-093d-11e1-a20c-00144feabdc0,Authorised=false.html?_i_location=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2F2dca01d8-093d-11e1-a20c-00144feabdc0.html&_i_referer=http%3A%2F%2Fwww.zerohedge.com%2Fnews%2Fchina-takes-advantage-september-gold-price-drop-imports-record-amount-gold#axzz1cxJS8s4O

Edit: Reminds me of the saying, Thais buy gold, whereas the Thai Chinese buy gold shops

Faulty echo?

Edited November 8, 2011 by flying

[flying]

German econ min: gold reserves cannot be touched

Nov 7 (Reuters) - Germany Economy Minister Philipp Roesler said on Monday the country's gold reserves with the central bank cannot be touched, adding his voice to opposition to an idea reportedly discussed at the G20 summit of using reserves to boost euro zone bailout funds.

"German gold reserves must remain untouchable," Roesler, who is head of the Free Democrats (FDP), a junior partner in Chancellor Angela Merkel's coalition, told ARD television.

The Bundesbank (German central bank) and a spokesman for Merkel already said over the weekend that they too ruled out the idea reported discussed at the summit of Group of 20 leading economies last week.

German media said that the Cannes summit discussed using central bank reserves, including foreign currency and gold, to increase contributions to the European Financial Stability Facility (EFSF) by more than 15 billion euros ($20 billion).

The reports said the European Central Bank (ECB) would own the reserves which would be used to back a form of special drawing rights from the International Monetary Fund (IMF).

[midas]

a reminder to the gold " bears "..........

The True Intrinsic Value of Euro 'Money'

http://www.prudentinvestor.com/2011/11/true-intrinsic-value-of-euro-money.html#more

[Naam]

a reminder to the gold " bears "..........

The True Intrinsic Value of Euro 'Money'

http://www.prudentinvestor.com/2011/11/true-intrinsic-value-of-euro-money.html#more

but 1 ounce gold based on James Turk's price expectation of €11,000/oz will keep your house heated for 23 years

a reminder that gold "bugs", as usual, "expect"

[Naam]

To sum it up, here are your choices after the Euro crash:

Hold the monetary equivalent of one ounce gold

in €500 notes and you can heat your house 10.8 seconds,

in €5 notes and you can heat your house for 9 minutes,

in 21 tons wastepaper and stay warm for 2.4 years

it is common knowledge and it goes without saying that those stupid €UR investors will wait till the €UR crashes and gold will be $11k/ounce till they start heating up their homes with worthless €500 notes.

[flying]

it is common knowledge and it goes without saying that those stupid €UR investors will wait till the €UR crashes and gold will be $11k/ounce till they start heating up their homes with worthless €500 notes.

I dont know....last time they didn't wait for gold to rise

People’s savings were suddenly worthless. Pensions were meaningless. If you had a 400 mark monthly pension, you went from comfortable to penniless in a matter of months. People demanded to be paid daily so they would not have their wages devalued by a few days passing. Ultimately, they demanded their pay twice daily just to cover changes in trolley fare. People heated their homes by burning money instead of coal. (It was more plentiful and cheaper to get.)

Edited November 9, 2011 by flying

[Naam]

I dont know....last time they didn't wait for gold to rise

it has to be in relation Flying. we discussed several times and agreed that it is impossible for a rather "well-off" investor to hold all or the lion share of his net worth in physical gold or silver available at "arm's length".

[flying]

it has to be in relation Flying. we discussed several times and agreed that it is impossible for a rather "well-off" investor to hold all or the lion share of his net worth in physical gold or silver available at "arm's length".

Tis true though

Not sure what I will do if I ever evacuate the US

& with the US having more & more an itchy trigger finger

I think it could be a real possibility....evacuation I mean

[Naam]

Pensions were meaningless. If you had a 400 mark monthly pension, you went from comfortable to penniless in a matter of months. People demanded to be paid daily so they would not have their wages devalued by a few days passing...

and those who didn't have a job which paid twice daily joined the army of Alexander the Great and participated in his quest to conquer not only the Middle East but parts of South Asia too where some of them married native beautiful girls, ploughing their rice fields with the family buffalo, eating daily delicious curries and som tam, siring scores of children and living happily ever after without giving inflation any thought.

[fletchsmile]

but 1 ounce gold based on James Turk's price expectation of €11,000/oz will keep your house heated for 23 years

a reminder that gold "bugs", as usual, "expect"

Small house he lives in too. Maybe he should have invested more wisely

[midas]

" the US government, with a GDP of 15 trillion, has liabilities of almost 80 trillion and that these promises will be broken just as the Greek government is breaking its commitments."

[churchill]

How much for a suit in gold ...with a neck tie costing 5,300 GBP -- I think prices are about to jump .. !

http://www.goldmadesimplenews.com/gold/swiss-create-high-tech-24k-gold-fabric-as-gold-price-continues-to-rise-5662/

[churchill]

Greek PM is out. Just not yet. Italian PM is out, just not yet. ECB will save the €, just not yet.

'Nigel Farage

So Berlusconi's resigned: that will be one hell of a leaving party.'

'Iran's President Ahmadinejad says Iran won't retreat 'an iota' from its nuclear program - AP'

Anyone out there to lead .just not yet ...

Edited November 9, 2011 by churchill

[churchill]

Is there a plan - We are hoping so but I have my doubts - I don't think anyone in charge has a clue what to do - Not just yet ...

Italian bond yields through 7 per cent

Posted by FT Alphaville on Nov 09 10:28.

It’s happened: Tradeweb showed bid yields on 10-year Italian bonds quoted above 7 per cent on Wednesday morning. Reuters wasn’t far behind.

Seven per cent is generally seen as “needs a bailout now”, in the context of previous sovereign bond collapses in the eurozone (eg. Ireland) but clearly, who bails Italy?

http://ftalphaville.ft.com/blog/2011/11/09/736651/italian-bond-yields-through-7-per-cent/?utm_source=dlvr.it&utm_medium=twitter