Gold

DarkDusk · 03-06-2013 9:19am

euroboom13 wrote: »

and that is why i am staying away from all commodities now.....it is not a normal time....and dangerous to presume it is.....

It's not a normal time, yes, but not a normal time for stocks either!

SyntonFenix wrote: »

All your points seem to be based on whatever they're talking about on Bloomberg at the moment.

Exactly what's going through my head every time I read his posts.

@Euroboom: Please use proper punctuation, it is terribly painful to read your posts sometimes.

euroboom13 · 03-06-2013 2:39pm

SyntonFenix wrote: »

You're just interested in saying you're right then?

"not interested in a im right/your wrong debate". Just that "they're wrong" is it? :pac:

Technically it's QE by the Fed and not Fed money printing. The only winners here are companies and investors in the stock market. The majority of this money is going into financial institutions to buy bonds. To say QE has no impact on the price of gold is wrong, these institutions are putting QE money into this market. It influences the spot price of gold.

If anyone can explain and prove otherwise, I would be more than willing to listen and stand corrected.

Not going to last. With many countries increasing their physical gold stocks, the demand for physical gold is going to continue. The cost of gold production is looking ever more likely to increase, making new mined gold scarce.

For the moment maybe. For you're own research, look up the estimated amount of physical gold in the world and the amount that is traded in the markets. That, along with QE, currency debasing and sovereign debt in countries throughout the world would point to gold being a good long term investment.

All your points seem to be based on whatever they're talking about on Bloomberg at the moment.

Very sorry to tell you that i dont have bloomberg and have Never watch that tripe(or stations like it) for longer then 5 minutes.....and can honestly say that i haven`t watched or listen to public media in a very long long time.....

I will also say my views are normally opposite to media stations...but i cant comfirm that

I do believe i am right that qe is not having the desired effect on gold prices.(i may not stay right ,but have been proven right for the last 6 mnths)

I am convinced in my own head that gold prices will continue to slide along with brent crude and that the imf report on saudi has warned about this..

I dont want a debate because i agree that what is happening now should push gold prices up but what should happen and what is happening is 2 very different things.

I believe gold has reached unsustainable high`s prior to crisis and that is why qe(what ever type ,dosen`t matter) is not effecting it.Oil is also too high,hence why there is a boom in exploration companies and old unprofitable finds are being toted as saleable...petrol at pumps has gone from 30pence to 160cents in 15 years,(gold has had a simillar story)

Your right and I am trying to put some sence to why youve been proven wrong the past year.

euroboom13 · 03-06-2013 2:48pm

DarkDusk wrote: »

It's not a normal time, yes, but not a normal time for stocks either!

Exactly what's going through my head every time I read his posts.

@Euroboom: Please use proper punctuation, it is terribly painful to read your posts sometimes.

NEVER WATCHED BLOOMBERG seriously never

I am a very long time out of school and dont have good writing skills but am passionate about whats happen right now so i will make more of an effort

euroboom13 · 03-06-2013 3:09pm

DarkDusk wrote: »

It's not a normal time, yes, but not a normal time for stocks either!

Exactly what's going through my head every time I read his posts.

@Euroboom: Please use proper punctuation, it is terribly painful to read your posts sometimes.

When i read his posts a wonder is he trying to sell me silver.
If its so good fill your boots.:rolleyes:

DarkDusk · 03-06-2013 3:10pm

euroboom13 wrote: »

the imf report on saudi has warned about this..

And the IMF have been right about everything so far, have they? :rolleyes:

petrol at pumps has gone from 30pence to 160cents in 15 years,(gold has had a simillar story)

One of the effects of inflation, AKA currency devaluation.

Your right and I am trying to put some sence to why youve been proven wrong the past year.

I was wrong (short term I believe) because I thought QE would directly influence the gold price this time, but what I am saying now is the inflation caused by QE in the stock markets at the moment will eventually leak into commodities like gold and oil.

SyntonFenix · 03-06-2013 4:05pm

euroboom13 wrote: »

I am convinced in my own head that gold prices will continue to slide along with brent crude and that the imf report on saudi has warned about this..

Can you refer what IMF report that is? And, what "Saudi" warning?

euroboom13 · 03-06-2013 6:27pm

SyntonFenix wrote: »

Can you refer what IMF report that is? And, what "Saudi" warning?

I will try and find a link shortly(nov 2012) but what it was saying was that if oil price`s hit $80 a barrel its debt levels would be unsustanable and would have to enter a program similar to the piigs.

euroboom13 · 03-06-2013 6:38pm

DarkDusk wrote: »

And the IMF have been right about everything so far, have they? :rolleyes:

One of the effects of inflation, AKA currency devaluation.

I was wrong (short term I believe) because I thought QE would directly influence the gold price this time, but what I am saying now is the inflation caused by QE in the stock markets at the moment will eventually leak into commodities like gold and oil.

I thought you meant that gold would be a hedge against buying power errosion,if it is a trickle down effect ,why not invest in stocks and benefit from dividends and price increases before it reaches gold and oil?That would make more sence!

What you seem to be saying above is buy stocks now and gold/oil latter?Which i would agree with!

DarkDusk · 03-06-2013 7:35pm

euroboom13 wrote: »

I thought you meant that gold would be a hedge against buying power errosion,if it is a trickle down effect ,why not invest in stocks and benefit from dividends and price increases before it reaches gold and oil?That would make more sence!

What you seem to be saying above is buy stocks now and gold/oil latter?Which i would agree with!

Ah, but then you have to pick a time to sell your stocks, which I would not risk doing.

I'm happy enough holding onto my my physical silver at the moment, not interested in looking at the stock market everyday and worrying about when to sell etc.

euroboom13 · 03-06-2013 7:46pm

euroboom13 wrote: »

I will try and find a link shortly(nov 2012) but what it was saying was that if oil price`s hit $80 a barrel its debt levels would be unsustanable and would have to enter a program similar to the piigs.

here`s a cnn referance to break even oil prices...Have read it personally out of the imf report but haven`t the pataints to find it!

I saw some striking numbers this week: Look at the "break-even" costs for the world's top oil producers. That is the minimum price at which these countries need to sell oil so that they can balance their budgets.
Russia now needs oil at $110 a barrel to manage its finances. For Iraq, the number is $100. Even Saudi Arabia now needs oil to trade around $80 a barrel just to balance its budgets. The numbers are also high for Algeria, Qatar, and Oman. Only a decade ago Saudi Arabia was able to balance its budget with oil prices averaging around $25 a barrel.

euroboom13 · 03-06-2013 8:04pm

DarkDusk wrote: »

Ah, but then you have to pick a time to sell your stocks, which I would not risk doing.

I'm happy enough holding onto my my physical silver at the moment, not interested in looking at the stock market everyday and worrying about when to sell etc.

silver/gold/oil is risk at this moment in time.....I would worry if i was holding any....A friend of mine whom wouldn`t listen ,risked 50,000 on gold as a long play and today it is only worth 35,000.....He is holding tight but isn`t having a worry free time at all,infact the opposite..If
he bought silver he would be as bad off.

Or he could have bought equity which is having its moment right now.
No worry free investments now,safe haven`s included.

DarkDusk · 03-06-2013 9:31pm

euroboom13 wrote: »

here`s a cnn referance to break even oil prices...Have read it personally out of the imf report but haven`t the pataints to find it!

I saw some striking numbers this week: Look at the "break-even" costs for the world's top oil producers. That is the minimum price at which these countries need to sell oil so that they can balance their budgets.
Russia now needs oil at $110 a barrel to manage its finances. For Iraq, the number is $100. Even Saudi Arabia now needs oil to trade around $80 a barrel just to balance its budgets. The numbers are also high for Algeria, Qatar, and Oman. Only a decade ago Saudi Arabia was able to balance its budget with oil prices averaging around $25 a barrel.

Well, if these oil producers are making a loss selling oil then they'll reduce their supply to the world and hold until prices stabilize. This is what happens in gold, silver and nearly every commodity market. This reduces the supply available on the market, therefore increasing the price.

Think about it, if you decided to sell 10 apples from your orchard every week at a usual price of 50c an apple, and the price went to 2c, would you sell your apples? Or would you hold them until prices/markets seek fair value?

DarkDusk · 03-06-2013 9:43pm

euroboom13 wrote: »

Or he could have bought equity which is having its moment right now.

Yes, it is having it's moment, but why and for how long?

Cheap money and low interest rates make bonds and bank savings unattractive to investors, so they put their money into the stock market. That's basically why the markets are seeing new highs at the moment. The economy is not recovering in the US - real unemployment rates are about 14%, inflation 10% and this is while the Fed has it's foot on peddle at the printing presses.

All it takes is for the people to wake up and realize that there is nothing of substance holding up the market and then everything crashes. Interest rates have to go up sooner or later, or else there will be very painful inflation in consumer everyday goods.

euroboom13 · 03-06-2013 10:09pm

DarkDusk wrote: »

Well, if these oil producers are making a loss selling oil then they'll reduce their supply to the world and hold until prices stabilize. This is what happens in gold, silver and nearly every commodity market. This reduces the supply available on the market, therefore increasing the price.

Think about it, if you decided to sell 10 apples from your orchard every week at a usual price of 50c an apple, and the price went to 2c, would you sell your apples? Or would you hold them until prices/markets seek fair value?

The problem is there are alot of orchards my friend and america have found some new ones and the old middle east oil monopoly is getting sqeezed.Middle east maybe stalling production to hold prices but america have hughly increased production and storage.

Now if oil and gold markets fall ,middle eastern oil nations will require a good old debt restructure/privatisation program,handing monopoly back to opec.(iran already tried to do a supply deal with n korea to keep up demand but for some reason n.korea got cold feet and chickened out.)

I for one wouldnt like to bet against this senario happening.

euroboom13 · 04-06-2013 6:35am

DarkDusk wrote: »

Yes, it is having it's moment, but why and for how long?

Cheap money and low interest rates make bonds and bank savings unattractive to investors, so they put their money into the stock market. That's basically why the markets are seeing new highs at the moment. The economy is not recovering in the US - real unemployment rates are about 14%, inflation 10% and this is while the Fed has it's foot on peddle at the printing presses.

All it takes is for the people to wake up and realize that there is nothing of substance holding up the market and then everything crashes. Interest rates have to go up sooner or later, or else there will be very painful inflation in consumer everyday goods.

Recovery stocks are undervalued and stagnant ,they only appear to be rising because of qe.They are the only investment that seem to be moving with qe.They are definitely not rising like hot air, and preparing for major crash.Interest rates will go up to pull back unsustanible growth but all major economies are lowering interest rates ,so nobodies to worried a bout an overheated stock market yet only you.When they start to rise interest rates dramatically maybe i will sell but not till then.

SyntonFenix · 06-06-2013 3:55pm

euroboom13 wrote: »

Recovery stocks are undervalued and stagnant ,they only appear to be rising because of qe.They are the only investment that seem to be moving with qe.They are definitely not rising like hot air, and preparing for major crash.Interest rates will go up to pull back unsustanible growth but all major economies are lowering interest rates ,so nobodies to worried a bout an overheated stock market yet only you.When they start to rise interest rates dramatically maybe i will sell but not till then.

From reading over your comments, although they seem to be verging on riddles rather than factual points, gold and silver are not floating your boat at the moment. You're not interested in them because of the current risks involved; too volatile, over priced, potential bubble etc. Am I right in saying that?

Where you and I differ here is I'm not that interested in the stock market. What I am interested in is investing in tangible assets that can preserve what little wealth I have. From my own research gold appears to be a good long term option based on historical fact and events when compared to related present and possible future events.

So, where you seem to be keeping an eye on what's happening now, I'm looking at what's coming down the road in 5, 10 and 20 years time.

Even take the stock market spot price for gold and compare it to coins and bars being sold by dealers and on the likes of ebay, which price per oz of gold is higher?

euroboom13 · 06-06-2013 9:15pm

SyntonFenix wrote: »

From reading over your comments, although they seem to be verging on riddles rather than factual points, gold and silver are not floating your boat at the moment. You're not interested in them because of the current risks involved; too volatile, over priced, potential bubble etc. Am I right in saying that?

Where you and I differ here is I'm not that interested in the stock market. What I am interested in is investing in tangible assets that can preserve what little wealth I have. From my own research gold appears to be a good long term option based on historical fact and events when compared to related present and possible future events.

So, where you seem to be keeping an eye on what's happening now, I'm looking at what's coming down the road in 5, 10 and 20 years time.

Even take the stock market spot price for gold and compare it to coins and bars being sold by dealers and on the likes of ebay, which price per oz of gold is higher?

The way currency/bonds /commodities /stock /work ,over 10 ,15,20 yrs ,is that eventually they are all goin up (if theyre still around),compared with previous years!
RANT
Interest rates on borrowings and inflation have alot to do with the apparent upward only movement(in time)
Goverments debt which, in this world is the biggest borrower,needs inflation to be greater than the interest borrowed.(so that ,even if the debt gets bigger,it gets erroded by inflation,...the debt never gets paid..the interest is covered by inflation....

Now heres the trap.Volitily(50% swing)
You can buy any investment on any day and as long as it is still on this earth in 20 yrs it will be worth more!
Life is too short for that in my opinion ,so i try to predict whats having a really bad day, but will be here in 20 years.So that when its cycle is in favor, i will not only profit on the normal upward movement but that by predictings its low, i will also profit on VOLITILY

Gold silver oil is nowhere near a low point.it is at a very healthy midway between high and possible low.
If i invest now i risk a paper loss or a better buying point.
Some stock is on the floor now and will be here in 20 yrs.
I feel that there is a better place for capitol now.

Every investment type has a bad day, banking stock,property,european gov bonds,gold silver.......I buy on that day.....Banking stock is my tip...
Pension funds ,corporations Hedgefunds will all return to this area within 5yrs....Not all banks will survive but the ones that do will be in a bigger pond....( if u bought property in 2006 u could have to wait till 2026,to get a return,but if u buy in 2016 u could make a killing by 2026)

Gold had a high last year ,if it had a good low last year, i would buy.

Rant over

DarkDusk · 06-06-2013 11:10pm

euroboom13 wrote: »

Interest rates on borrowings and inflation have alot to do with the apparent upward only movement(in time)
Goverments debt which, in this world is the biggest borrower,needs inflation to be greater than the interest borrowed.(so that ,even if the debt gets bigger,it gets erroded by inflation,...the debt never gets paid..the interest is covered by inflation....

There's quite a bit of debt lying around :rolleyes: Who's to say that inflation will not get out of control? What about a scenario in which a new monetary system (non-dollar) comes into effect? All stocks are priced in dollars, gold as a method of preserving wealth has been around for thousands of years.

euroboom13 · 07-06-2013 6:28am

DarkDusk wrote: »

There's quite a bit of debt lying around :rolleyes: Who's to say that inflation will not get out of control? What about a scenario in which a new monetary system (non-dollar) comes into effect? All stocks are priced in dollars, gold as a method of preserving wealth has been around for thousands of years.

I do beleive that inflation will go out of control,but with gold already at an inflated price it will not be a good hedge.Thats what is different in this crisis.

All stock are priced in $$??

I dont own any $$ stock?
Ever heard of the euro/ pound sterling/yen?

And on that note i give up,UR RIGHT/i`m wrong

Good luck

DarkDusk · 07-06-2013 10:18am

euroboom13 wrote: »

I do beleive that inflation will go out of control,but with gold already at an inflated price it will not be a good hedge.Thats what is different in this crisis.

All stock are priced in $$??
I dont own any $$ stock?
Ever heard of the euro/ pound sterling/yen?

And on that note i give up,UR RIGHT/i`m wrong

Good luck

The dollar is the reserve currency, therefore everything is priced in dollars. Your stocks are merely converted into another currency.

If the dollar reserve currency paradigm goes (it has gone past the average lifespan of a monetary system, roughly 40 years), then I would not like to be in stocks, because all currencies would have to be scrapped.

euroboom13 · 07-06-2013 5:36pm

DarkDusk wrote: »

The dollar is the reserve currency, therefore everything is priced in dollars. Your stocks are merely converted into another currency.

If the dollar reserve currency paradigm goes (it has gone past the average lifespan of a monetary system, roughly 40 years), then I would not like to be in stocks, because all currencies would have to be scrapped.

Codswollop.... my god....

euroboom13 · 07-06-2013 9:23pm

DarkDusk wrote: »

The dollar is the reserve currency, therefore everything is priced in dollars. Your stocks are merely converted into another currency.

If the dollar reserve currency paradigm goes (it has gone past the average lifespan of a monetary system, roughly 40 years), then I would not like to be in stocks, because all currencies would have to be scrapped.

"it is better to remain silent and be thought a fool than to speak and remove all doubt" abe lincoln

DarkDusk · 08-06-2013 10:10am

Codswollop, my god

I think it's better to remain silent than to reply with a pointless post expressing your unimportant feelings.

SyntonFenix · 08-06-2013 10:32am

euroboom13 wrote: »

Codswollop.... my god....

You've added nothing of value to this thread.

euroboom13 · 09-06-2013 12:03pm

SyntonFenix wrote: »

You've added nothing of value to this thread.

"A man should be judged on what he has done and not what he is going to do"!Henry Ford

This thread is over one year old and for the past year i have been consistant!Now is the time for risk not safety!
In the past year stocks have risen considerably/gold has fallen considerably.
Where i have no doubt that you will be correct in the future and gold will go to $2000.I have proven to be very accurate in my predictions this past year.
Not only have you been wrong in your valuation of gold but also in your value on my advice("added nothing"!)
I am sorry if my post are poorly writin but as for value ,it holds its own.:mad:

euroboom13 · 09-06-2013 12:25pm

DarkDusk wrote: »

I think it's better to remain silent than to reply with a pointless post expressing your unimportant feelings.

This post was set up to discuss peoples feelings about gold!I know it was only set up to cheerlead gold bugs!My unimportant feelings have been to warn people of the pitfalls i saw(correctly)!

I hope some open minded people have profited!
As for your childish,personal attack,it proves to me what type of people like investing and why it is so easy for me to profit from investing time and time again!
Believe your own views and make me even wealtier.
Thank you very much:rolleyes:

DarkDusk · 09-06-2013 1:08pm

euroboom13 wrote: »

Not only have you been wrong in your valuation of gold but also in your value on my advice("added nothing"!)

He meant that specific post, not all the posts you made in this thread - he did quote a specif post after all.

Before I continue, I'd like to ask how much time you put aside for investing and researching stocks every day/week, just out of interest.

cook_my_sock · 09-06-2013 1:55pm

goldbugs are true believers , doesn't matter if the thing has fallen by 30% in the past year , if someone bought stock a year ago and it had dropped 30% , they would view it as a bad call

euroboom13 · 09-06-2013 2:02pm

DarkDusk wrote: »

He meant that specific post, not all the posts you made in this thread - he did quote a specif post after all.

Before I continue, I'd like to ask how much time you put aside for investing and researching stocks every day/week, just out of interest.

I don`t study trading graph or any magic formulas that others use.I study history,world politics and world markets.I read peoples views on how the world works and try to predict what is coming down the road.I study whats happening in the world now , everyday,not by watching bloomberg but through twitter and other ways.I read every financial biography i can get my hands on.I study every period of major world events from 1815 to now.High finance and world politics,is my interest.

I believe that the wrong road to follow in investing is the obvious one!
I can tell be your threads (and the above question)that you but allot of strength into studying graphs,annual reports and trading tools which i believe to be very misleading.

In your last attack you said you where uninterested in my unimportant feelings and then you ask me more on my personal investment knowledge!!!lets just say i come from a very satisfactory speculative background

before you continue. Your arguments is why i don`t like to debate,not because i feel i am right.My opinions are allways open

SyntonFenix · 09-06-2013 2:14pm

euroboom13 wrote: »

This thread is over one year old and for the past year i have been consistant!Now is the time for risk not safety!
In the past year stocks have risen considerably/gold has fallen considerably.

Either I'm not clarifying my comments or you're just ignoring the points I'm making. There's money to be made in the stock market and you apparently are benefiting from it. I understand that. If I had 20k to invest I would do the same. But I don't.

To clarify again, my point is in regards to investing in gold long term. In order to preserve wealth.

euroboom13 wrote: »

Not only have you been wrong in your valuation of gold but also in your value on my advice("added nothing"!)

If I got a valuation wrong, so what? I'm not a financial adviser or an economist. It's why I check in here now and again to try and pick up some advice.

euroboom13 wrote: »

I am sorry if my post are poorly writin but as for value ,it holds its own.:mad:

Can you post your portfolio?

DarkDusk · 09-06-2013 2:19pm

euroboom13 wrote: »

I believe that the wrong road to follow in investing is the obvious one!
I can tell be your threads (and the above question)that you but allot of strength into studying graphs,annual reports and trading tools which i believe to be very misleading.

Stocks are the obvious investment option, everyone is putting money into stocks at the moment due to the attractiveness of bonds. While you may have spotted some stocks with good fundmentals, these stocks will be pulled down by the rest of the market in the event of a deep correction e.g. 2008. Gold is probably the most unloved asset to invest in right now and the sentiment is not good (just like in 2000). The only analysis I do is comparing gold to other assets (not just dollars), such as bonds, silver, property and stocks. With gold, the fundamentals remain - and those fundamentals are what let me sleep at night with big pullbacks/corrections.

I do not study graphs, I use them in threads for ease of communication. I am in no way a technical analyst. I just look at the fundamentals for the future - future meaning 1-2+ years, not 6 months.

DarkDusk · 09-06-2013 3:28pm

Heads up on US dollar, I believe recent decline is only the beginning and we could see sustained declines in the USD dollar index for at least 15-20 weeks. If this plays out, it would be perfect for gold. We could be looking at declines in the index down to below 75, which would be super bullish for gold.

A correction is overdue in the dollar, this could be it.

euroboom13 · 09-06-2013 3:31pm

SyntonFenix wrote: »

Either I'm not clarifying my comments or you're just ignoring the points I'm making. There's money to be made in the stock market and you apparently are benefiting from it. I understand that. If I had 20k to invest I would do the same. But I don't.

To clarify again, my point is in regards to investing in gold long term. In order to preserve wealth.

If I got a valuation wrong, so what? I'm not a financial adviser or an economist. It's why I check in here now and again to try and pick up some

Can you post your portfolio?

I am speculator,my investment trend at the moment and for the past 4yrs is european banks and recovery stocks,most are doing well apart from one disaster.My "safe haven" investment is debt free property(has an income and capital gain unlike gold).My portfolio is my portfolio and do not need or want to promote it in anyway.I only post when a get annoyed with cheerleading,like what happened with the property market.

DarkDusk · 09-06-2013 3:36pm

euroboom13 wrote: »

I am speculator,my investment trend at the moment and for the past 4yrs is european banks and recovery stocks,most are doing well apart from one disaster.My "safe haven" investment is debt free property(has an income and capital gain unlike gold).My portfolio is my portfolio and do not need or want to promote it in anyway.I only post when a get annoyed with cheerleading,like what happened with the property market.

Gold is not in a bubble, full stop. There was a bubble in 1980, however gold at the moment does not even come close to the signs of a bubble which were there 30 years ago.

Edit:
I do not speculate, and I will never speculate - it's just something I don't do. I don't have as much time as you (or cash) to research individual stocks and the like.

Bobeagleburger · 09-06-2013 3:43pm

Best advice for anyone on here would be to not take advice from guys on here who think they are experts on the subject.

A quick read through the thread will show you there's a lot of keyboard bluffers.

SyntonFenix · 09-06-2013 4:05pm

euroboom13 wrote: »

My "safe haven" investment is debt free property(has an income and capital gain unlike gold).

Again, preaching to the converted here. You're insulting people's intelligence now.

Let me put it as straight forward as I can. It's an old chestnut for any financial adviser, but let's give you a crack at the whip.

For someone who has between €1,000 to €10,000 to invest, what would advise them to invest in?

euroboom13 wrote: »

My portfolio is my portfolio and do not need or want to promote it in anyway.

I'm not for one moment asking you to post sensitive or personal information. You can post a list of stock choices you have and the reasons you chose them.

I'm here to educate myself. You're not convincing with the comments that you are making.

euroboom13 wrote: »

I only post when a get annoyed with cheerleading,like what happened with the property market.

I can cheerlead for gold as I have evidence to suggest that it's a good investment, long term. As I have outlined earlier.

euroboom13 · 09-06-2013 5:14pm

SyntonFenix wrote: »

Again, preaching to the converted here. You're insulting people's intelligence now.

Let me put it as straight forward as I can. It's an old chestnut for any financial adviser, but let's give you a crack at the whip.

For someone who has between €1,000 to €10,000 to invest, what would advise them to invest in?

I'm not for one moment asking you to post sensitive or personal information. You can post a list of stock choices you have and the reasons you chose them.

I'm here to educate myself. You're not convincing with the comments that you are making.

I can cheerlead for gold as I have evidence to suggest that it's a good investment, long term. As I have outlined earlier.

bank of ireland 5000 to 50000 shares 16 cent would be nice ,anything below 23 cent a good bet for an irish recovery...Stay clear of aib/ptsb till state exit if ever.
pure punt 1000euros on inm 35000 shares IF it recovers you will see a 5x on your punt within 6 months(or get wiped)
barclay/soc gen needs to fall back but good buys in long run!
any banks right now are well priced for a cap gain and dividends will return
READ...history

Your gold evidence is very main stream which worries me. QE means higher prices but not in Gold this time, WHY?

DarkDusk · 09-06-2013 5:28pm

euroboom13 wrote: »

Your gold evidence is very main stream which worries me. QE means higher prices but not in Gold this time, WHY?

Mainstream? You don't see articles in the newspapers every week on about gold, nor do you hear it on the radio or the television. Gold is under owned. Out of curiosity, have you ever owned gold or silver?

Inflation is in the stock markets right now, and will leak into commodities when stocks fall, which is inevitable. Gold and silver went too high too fast when they touched their all-time highs last time. Gold is at the end of its consolidation period which usually lasts around 15 months. The last move up in gold to 1900 was higher than any other move up which means the consolidation takes longer.

You didn't comment on what I said about gold not being in a bubble...

euroboom13 · 09-06-2013 5:56pm

DarkDusk wrote: »

Mainstream? You don't see articles in the newspapers every week on about gold, nor do you hear it on the radio or the television. Gold is under owned. Out of curiosity, have you ever owned gold or silver?

Inflation is in the stock markets right now, and will leak into commodities when stocks fall, which is inevitable. Gold and silver went too high too fast when they touched their all-time highs last time. Gold is at the end of its consolidation period which usually lasts around 15 months. The last move up in gold to 1900 was higher than any other move up which means the consolidation takes longer.

You didn't comment on what I said about gold not being in a bubble...

I said gold was half way between being too expensive and being too cheap.$1000 relatively cheap $1700 expensive..I have never owned Gold as an investment because it has only one upside which is capitol gain.I am a seculator and like to get in as close to bottom or not at all.With gold only having a cap gain potential, time is everything.

euroboom13 · 09-06-2013 6:02pm

Every shopping centre i goto there is a man buying your unwanted gold.The discovery channel is on about gold everytime i switch it on .Max kieser is on twitter flat out on bout GOLD...

Mainstream....

stock market is over inflated but only in certain area`s.Banking stock way under valued after BANKING crisis

DarkDusk · 09-06-2013 6:57pm

euroboom13 wrote: »

Every shopping centre i goto there is a man buying your unwanted gold.The discovery channel is on about gold everytime i switch it on .Max kieser is on twitter flat out on bout GOLD...

Yes, wanting YOUR gold. When those guys try to SELL THEIR gold to you and people start lining up outside jewelry stores to buy gold, then you know it's in a bubble.

The general population know nothing about gold, which makes up over 90% of people. Try going around the streets and asking people how much an ounce of gold is, you'd be surprised what prices they come up with!

DarkDusk · 09-06-2013 7:00pm

Ah, just the video I was looking for, thought I wouldn't be able to find it.

Backs up my previous post, about the general public and gold.

https://www.youtube.com/watch?v=ndshbH3qZ6Y

euroboom13 · 09-06-2013 10:21pm

DarkDusk wrote: »

Ah, just the video I was looking for, thought I wouldn't be able to find it. Backs up my previous post, about the general public and gold.

https://www.youtube.com/watch?v=ndshbH3qZ6Y

Just proved that most people can`t get there head round how expencive gold is.!!!how does that make a bull market.:o

DarkDusk · 09-06-2013 11:03pm

euroboom13 wrote: »

Just proved that most people can`t get there head round how expencive gold is.!!!how does that make a bull market.:o

Didn't say bull market, although gold is still in a bull market. It means gold has not reached bubble stage yet. When property was in a bubble, everyone was talking about houses and their prices, attending auctions etc. When you hear your neighbour on about gold, then it's in a bubble.

I think gold and silver, with the next move up, will enter bubble phase after this violent v-shaped recovery, like the Nasdaq in 1999 and Oil in 2007. Top in the bull market in about 2014/2015, probably looking at $4000/$5000 gold followed by 8-year cycle low and bear market.

We WILL see a 10% min correction in stocks by year end, mark my words.

SyntonFenix · 10-06-2013 12:43pm

http://www.mining.com/deutsche-bank-opens-9-billion-gold-vault-in-singapore-97174/

DarkDusk · 11-06-2013 11:23pm

DarkDusk wrote: »

Heads up on US dollar, I believe recent decline is only the beginning and we could see sustained declines in the USD dollar index for at least 15-20 weeks. If this plays out, it would be perfect for gold. We could be looking at declines in the index down to below 75, which would be super bullish for gold.

A correction is overdue in the dollar, this could be it.

Things aren't looking good for the dollar, basically in free fall right now...

Things are shaping up for a deep correction in stocks...

DarkDusk · 12-06-2013 9:19pm

Bonds away...

DarkDusk · 12-06-2013 9:38pm

euroboom13 wrote: »

barclay/soc gen needs to fall back but good buys in long run!
any banks right now are well priced for a cap gain and dividends will return

Barclays and Societe Generale both down over 2% today... Stocks and bonds all over the world falling recently.

euroboom13 wrote: »

stock market is over inflated but only in certain area`s.Banking stock way under valued after BANKING crisis

Banking crisis has not been averted, QE has created the illusion of a recovery.

SyntonFenix · 16-06-2013 3:44am

https://www.youtube.com/watch?v=7KAnJtHPX7w

stevedublin · 16-06-2013 10:18am

SyntonFenix wrote: »

https://www.youtube.com/watch?v=7KAnJtHPX7w

gold went down 12% in the two weeks after that interview.

Gold

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