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20-06-2013, 03:18 PM
#4901
Help yourselves guys, back the truck up, I've been watching goldbugs do it all the way down from 1920. A couple of gold enthusiasts I was debating with backed the truck up at $1650, it was an absolute steal according to them.
Last edited by Skol; 20-06-2013 at 03:20 PM.
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20-06-2013, 08:19 PM
#4902
Got down to a touch over $1300
Cant be too many bullish bets out there now.
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20-06-2013, 08:25 PM
#4903
Originally Posted by Pumice
Got down to a touch over $1300
Cant be too many bullish bets out there now.
Yes in free-fall of late ,,like the AUD/USD rate ....AUD Gold $1431oz hardly moved much of late .....ASX exports should get a good kick on I know the like of many miners i.e PAN for every 1c move in AUD/USD south their earnings increase 2-2.5mill p.a last few days they have just added 10mill p.a (if cross rates stay round new levels) ....
nearly all my ASX companies I'm invested in currently create there earnings outside Aus last few month their revenues in AUD are up 12%+ yet Share prices been smashed
Last edited by JBmurc; 20-06-2013 at 08:30 PM.
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
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20-06-2013, 10:28 PM
#4904
Originally Posted by JBmurc
Yes in free-fall of late ,,like the AUD/USD rate ....AUD Gold $1431oz hardly moved much of late .....ASX exports should get a good kick on I know the like of many miners i.e PAN for every 1c move in AUD/USD south their earnings increase 2-2.5mill p.a last few days they have just added 10mill p.a (if cross rates stay round new levels) ....
nearly all my ASX companies I'm invested in currently create there earnings outside Aus last few month their revenues in AUD are up 12%+ yet Share prices been smashed
It will be a long night commodity currencies and gold, now under $1290.
Great for those of us long USD (I suspect Skol probably is).
Long may it continue, aussie miners and manufacturing have been waiting for this boost awhile now.
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21-06-2013, 01:21 PM
#4905
I'm waiting to hear from Mike Maloney, Peter Schiff, the Aden Sisters, Ron Paul, Jim Sinclair, Egon von Greyerz, Eric Hommelberg, Martin Armstrong, Jim Rickards, James Turk and all the other 'experts' that have convinced gullible goldbugs to throw their money away.
Must be pretty gut-wrenching for John Paulson, his gold fund's down over 60% this year, you can bet there's another few billion dollars worth of gold that will find itself on the market soon. He's in deep Schiff.
Looks like another spanking underway at the moment. When will it end? Not any time soon.
Which reminds me, I'm still waiting for someone to tell me the relationship between the cost of extraction and the price of gold.
Wonder how the 'very clever chinese', that have bought this supposed thousands of tons of gold are taking it, probably not very well, and lots of chinese 'aunties' crapping themselves.
Not to mention the university-educated central banksters that have also bought loads of yellow stuff. LOL
Last edited by Skol; 21-06-2013 at 01:44 PM.
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21-06-2013, 01:41 PM
#4906
Thought my portfolio would get a good hammering today ....but only holding CVR,PGI in the PGM sector the latter with 1300oz gold hedging and low cost structure I'm UP $400 thanks to ELM and others shares in the Oil&Gas sector ......OXX,MPO
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
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21-06-2013, 01:57 PM
#4907
Originally Posted by JBmurc
Thought my portfolio would get a good hammering today ....but only holding CVR,PGI in the PGM sector the latter with 1300oz gold hedging and low cost structure I'm UP $400 thanks to ELM and others shares in the Oil&Gas sector ......OXX,MPO
How about your 1500 ounces of silver, how's that going?
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21-06-2013, 02:25 PM
#4908
Originally Posted by Skol
How about your 1500 ounces of silver, how's that going?
Fine be great to add to my own kiwi saver at these levels just about back at purchase price
$25oz nzd
Yes snapiti the cost of gold extraction is heading up bout as fast as US debt
Newcrest use to average $250 decade ago now it's like $900oz many many mines
Will close if paper gold keeps heading south
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
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21-06-2013, 02:27 PM
#4909
Originally Posted by JBmurc
Fine be great to add to my own kiwi saver at these levels just about back at purchase price
$25oz nzd
Well, back the truck up then.
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21-06-2013, 02:56 PM
#4910
Originally Posted by Skol
Well, back the truck up then.
Yes don, t worry if oxx comes in I,ll be taking my holding to 3000oz
My safe should be able to hold 5000oz+ which I plan to have before
I,m 40
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
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