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09-07-2013, 06:38 PM
#5021
Daytr,
Don't think I am being selective actually, what is up? Nothing I can think of; gold, silver, HUI, XGD, GDXJ, GDX, SIL, SLV, SLW, mint sales, Indian imports.
Can you give me some examples of what are 'up substantially'?
Gold's down 35% from its high, to get back there it has to go up 54%. Could take some time.
Last edited by Skol; 09-07-2013 at 08:23 PM.
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09-07-2013, 08:59 PM
#5022
Just a quick point on when it can be worthwhile to take physical delivery. Bass is long a lot of traditional stocks and US housing, he made plenty from sub-prime and knows what he's talking about. I think it would be a mistake to dismiss his views as those of 'just a gold bug'.
http://www.youtube.com/watch?v=lgNVNTvlpFY
Felix, qui potest rerum cognoscere causas
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10-07-2013, 07:45 AM
#5023
The book 'Gold Bubble', which I have here was a great read, here's the author telling goldbugs why gold's going to $700.
http://finance.yahoo.com/blogs/big-d...175653878.html
= ~$10.70 silver.
SPDR GLD Trust down 7.2 tonnes overnight.
Last edited by Skol; 10-07-2013 at 09:03 AM.
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11-07-2013, 11:10 AM
#5024
I'm just going to say this now while I have the chance..
Gold to da moon! (Sort of).
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11-07-2013, 11:39 AM
#5025
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11-07-2013, 07:40 PM
#5026
All quiet from Skol - cheers Blackcap. The gold spike was in turn caused by a big drop in the dollar value, and this in turn was caused by Mr Bernanke.
http://www.incrediblecharts.com/trad...ex-markets.php
QE will continue. Interest rates will stay low. Cue an exodus from the US$. It was a very sharp spike, I expect to see it carry on tonight.
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11-07-2013, 07:45 PM
#5027
Dont get me wrong elZorro, in the bigger scheme of things I dont like gold as an investment at all. It doesnt generate anything or produce anything. But its interesting to see the daily gyrations in the gold price and how certain people attach a religious fervour to the yellow metal.
Long term I think it will tend towards US 1000 but if QE continues and off course this will be inflationary then gold will hold its level (as its quoted in USD)
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11-07-2013, 08:50 PM
#5028
Originally Posted by elZorro
All quiet from Skol
only one thing to do EZ, back the truck up.
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12-07-2013, 01:07 PM
#5029
Hi Skol, in the 1st quarter physical demand was up across the board, as you would expect with a falling gold price. I haven't yet seen Q2 figures but I suspect they were up as well, but perhaps not as strong as Q1. Obviously the ETF selling & market shorting has far outweighed this, however 1) shorts need to be covered at some point & 2) the ETF selling is a one off & potentially could turn to be a net buyer in the coming months.
I'm not a fan of these sights but when looking for the data I came across this.
http://www.zerohedge.com/news/2013-0...hysical-vs-etf
Originally Posted by Skol
Daytr,
Don't think I am being selective actually, what is up? Nothing I can think of; gold, silver, HUI, XGD, GDXJ, GDX, SIL, SLV, SLW, mint sales, Indian imports.
Can you give me some examples of what are 'up substantially'?
Gold's down 35% from its high, to get back there it has to go up 54%. Could take some time.
Last edited by Daytr; 12-07-2013 at 01:10 PM.
Reason: Typo
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12-07-2013, 07:53 PM
#5030
Yes, I would maybe back the truck up for a short time, if I had one, and the spare cash. Look at this prediction, lines up with Daytr. Longer term maybe not so good though.
http://www.ino.com/blog/2013/07/the-...n-of-the-year/
Turkey bought US$1.9 billion of gold in one hit.
Last edited by elZorro; 12-07-2013 at 07:56 PM.
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