Archive through June 02, 2007

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chaosinaction

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Post Number: 7
Registered: 12-2006

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Saturday, February 24, 2007 - 04:11 pm:

Yep ... wasn't admonishing you ... it was more that the information made sense to me ... linked up with a gut feeling I've had for the last couple of days, that gold was about to reverse, before it took another run up.

Don't usually post, coz words without vocal inflections can often take on emotional tones that are not intended ... so one can get into terrible jams, particularly on Forums like this .. but I enjoy reading all of the thread I subscribe to on this Forum.

ingot54

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Post Number: 1697
Registered: 05-2004

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Votes: 0


Saturday, February 24, 2007 - 05:46 pm:

Thanks guys - yeah - I love to stir the gold bugs from time-to-time.

Keeps 'em honest, an' on their game!

Particularly in times like this it pays to be vigilant.

The time to be a gold bug is at the bottom of the troughs imv. Gold may or may not go higher, but getting in now has a lower probability of success (in hind-sight of course).

If we were talking about a stock here, I doubt the exuberance would prevail for long.

But gold is a strange instrument to trade - just when you think it's had enough it powers along for another run.

Chaosinaction - thanks for the insightful notes - and the kind support. Would like to hear more of your views - keep 'em coming.

Vermante - what odds would you like on your money? I think it's about 4/6 a reversal! Good to hear from you mate!

Just picked up a great one-liner from Dug:

"Humble Pie is Food for Thought"

Keep Smiling - Don't look back

Trading style: Chartist Artist _ Breakouts and Shakeouts.

vermante

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Post Number: 628
Registered: 11-2002

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Votes: 0


Saturday, February 24, 2007 - 08:41 pm:

Ingot.

Re-Gold

Short-term Trend - UP

Intermediate - Trend UP

Long Term Trend - UP

I would hate to take your money from you. Are you betting in Hillarius dollars.?

Cheers

Gary

ingot54

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Post Number: 1701
Registered: 05-2004

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Votes: 0


Saturday, February 24, 2007 - 09:03 pm:

Doubloons!

Nothing less!

Had to halve that bet - image too wide for the frame ... and I realised I MAY have been wagering more than I can afford to lose here!

(Message edited by ingot54 on February 24, 2007)

Keep Smiling - Don't look back

Trading style: Chartist Artist _ Breakouts and Shakeouts.

goldbug

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Post Number: 320
Registered: 02-2004

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Votes: 0


Monday, April 16, 2007 - 02:11 pm:

http://www.abc.net.au/news/newsitems/200704/s1897909.htm

sway

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Post Number: 16
Registered: 12-2005

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Votes: 0


Monday, April 16, 2007 - 03:18 pm:

Hi goldbug

I'm interested in the listed security GOLD for hedging and have the following question.

As I understand it, the trading price of GOLD approximates the spot market price of 0.1 oz of gold bullion. If bullion is say, US$680/oz and the A$/$US rate is say 0.83, then GOLD will trade around 0.1 x 680 /0.83 = $81.93. Now this interests me because you have exposure to both the currency exchange and the gold price. Using the above example again, if the A$/$US drops back to 0.79 and the gold price stays constant, a holding in GOLD would increase by a ratio of 0.83/0.79 or about 5.1% more. I guess you could buy $US and achieve the same result, but I'm hearing a lot about bullion going up, which could make GOLD a reasonable long term prospect.

Any thoughts?
Geoff

goldbug

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Post Number: 321
Registered: 02-2004

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Votes: 0


Monday, April 16, 2007 - 03:59 pm:

Hi Sway,

The price of Gold is in a multi year, once in a generation bull market, the likes we've never seen before .....

Gold in all currencies will rise significantly over the next decade, give or take a couple of years ....

Regards

The BUG

hailoh

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Post Number: 227
Registered: 04-2003

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Votes: 0


Monday, April 16, 2007 - 08:56 pm:

Goldbug, I am all for confidence, and if that confidence is well founded, sticking to it for the long haul.

For gold to be in a generational bull trend there will have to be a set of coinciding events or circumstances to support the rise.

I'd be interested in how you list the main supporting scenarios, and how you see their weighting changing over time.

kate

Member

Post Number: 659
Registered: 04-2005

Rating: N/A
Votes: 0


Tuesday, April 17, 2007 - 02:58 pm:

Goldbug, will you ever forgive him? Sometimes a man just has has to do what a man has to do!

http://www.fnarena.com/index2.cfm?type=dsp_newsitem&n=F86938DC-17A4-1130-F50BAF9 384DE7C60

rederob

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Post Number: 2222
Registered: 10-2002

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Votes: 0


Saturday, May 12, 2007 - 03:00 pm:

Gold's consolidation is nearing an end.
The euro is about to ratchet up again, against the greenback.
Oil typically gets uplift hereabouts.
The mix of ingredients is again ripe for gold to rise.
If it does not, someone else can search for the yeast because I don't know where else to look.
Goldbug, where are you hiding?

goldbug

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Post Number: 322
Registered: 02-2004

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Votes: 0


Monday, May 14, 2007 - 05:49 pm:

Rederob,

Its all uphill from here .....

Our beloved GoldBear, Mr Brown, will be reminded everyday in office of his decision to sell off the family jewels at record rock bottom prices ....

Go the GOLD

Regards

GB

rederob

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Post Number: 2225
Registered: 10-2002

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Votes: 0


Monday, May 14, 2007 - 07:59 pm:

Gordon Brown (for PM)
ie "precious metals"

gO gORDON!

kate

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Post Number: 671
Registered: 04-2005

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Votes: 0


Tuesday, May 15, 2007 - 08:57 am:

Rederob

This looks like the last opportunity to enter around 650/660.
The only proviso is if there is a massive unwinding of the hedge funds. I don't like the idea that large amounts of gold can now be sold at the press of a button.
Hope you have some pennies saved for oil?

Kate

rederob

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Post Number: 2226
Registered: 10-2002

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Votes: 0


Tuesday, May 15, 2007 - 08:25 pm:

kate
we never know one day to next
but i agree that gold is so close to its next run north it is not good to be without exposure
am not too worried about funds unwinding gold - there has been a strong consolidation and i doubt there is too much downside that will not get well bought into
on oil i am waiting for a little bit more downside - reckon closer to $60 is the mark
in any event i doubt too much will be saved as the oilers seem to have preempted POO and gone to the races
on charts and fundamental i see POO hitting $100 next year
actually i believe if GOM hurricanes do any damage this year there will be a massive spike to poo
POG will be in lockstep
and holding it all together will be the inimitable decline in GWB's currency of choice

kate

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Post Number: 672
Registered: 04-2005

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Votes: 0


Wednesday, May 16, 2007 - 08:48 am: