Archive through October 06, 2005

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rederob

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Post Number: 1461
Registered: 10-2002

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Saturday, September 24, 2005 - 12:06 pm:

vermante
you are too clever for me
you know that in a two horse race the odds can never be more than 2:1 or one's shirt is off to the cleaners
i will need more than one willing punter to defray the odds should I offer you 7:4 or better
but in the spirit of hilarius dollars betting i will make the special offer to you of 10:1 and lay off any uncertainty to digger (aka dug) who knows folk in the valley that will gladly break your legs when you come to collect your winnings - he says that's what they call a "broken promise"
so vermante, stump up!

vermante

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Post Number: 453
Registered: 11-2002

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Saturday, September 24, 2005 - 01:02 pm:

Rederob

As I value my legs more than the exceptional odds of 10/1, I shall abstain from trying to obtain a slice of the Hilarius dollars.I also have doubts as to the purchasing power of the Hilarius dollars.

Will have to just watch the footy for enjoyment in the absence of possible monetary gain.

Cheers

Vermante

rederob

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Post Number: 1462
Registered: 10-2002

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Saturday, September 24, 2005 - 01:20 pm:

vermante
as always, it's a pleasure doing business
yes, hilarius dollars are being devalued by inflationary forces
i am trying to convert him to a gold standard
but he keeps making a sign of the cross
i cannot betray the sanctity of confession
dare i tell of one's regrets

ps he keeps muttering about St Barbera, the patron saint of miners, but won't tell me the full story

archer

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Post Number: 975
Registered: 11-2002

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Votes: 0


Tuesday, September 27, 2005 - 08:22 am:

Greenspan-"U.S has LOST CONTROL of its budget deficit"
Gold anyone???
http://www.leadingthecharge.com/stories/news-0077104.html

thommo78

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Post Number: 54
Registered: 05-2005

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Votes: 0


Tuesday, September 27, 2005 - 09:14 am:

morning all,
another view (not necessarily my own) on this market .. US futures broker i use is calling for a correction in crude that he believes will pave the way for a correction in POG:

..."Technically the breakout is reminiscent of the last two gold breakouts on a monthly chart, showing significant likelihood of a major retracement over the next months. On the chart below you can breaks through 430 and 460 led to 10% plus market retracements within 3 months. To me, the price of puts are so cheap, and the market is too bullish not to continue to be vehemently contrarian..."

..."I am so confident that we will see the gold market fail that I will make the following challenge – Open a new trading account at JMTG Brokerage and buy Dec. ‘05 gold 440, 450, or 460 puts in that account (by Friday September 30th, 2005). If those puts aren’t exited or exercised for a profit, I will personally give you a full refund of the commission & fees associated with that transaction!* I don’t just write about it, I back it up – does your broker?..."

rederob

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Post Number: 1475
Registered: 10-2002

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Votes: 0


Tuesday, September 27, 2005 - 05:58 pm:

thommo
i bet he does his shirt!
but note that he only goes as low as $440 -
i call that a continuation of trend
albeit at the low side
even if oil comes down, gold will continue higher
POG is now disconnected from the greenback
and oil is just fueling inflation and "assisting" gold
the POO:POG correlation is not as strong as people might think
top that up with the growing US budget and current account deficits and POG's future is in safe hands
had there been signs of weakening POG, then a significant retrace would be on the cards
at the moment retraces will be due to profit taking as fear and greed start to take hold of the penned animals

rederob

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Post Number: 1476
Registered: 10-2002

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Votes: 0


Tuesday, September 27, 2005 - 06:45 pm:

vermante
You forgot to remind me on Saturday that POG was on a retrace - little wonder the Eagles were clipped!!!
Tonight:
POG starting to recover the ground it lost this morning.
In AUD terms it has just scaled $615 for the first time in a few years.
While in euro terms POG is now rising through $386 having recovered 2 dollars in 2 hours
Most apparent is the exceptionally lively trade pre-open, suggesting to me that we could be in for a very interesting outcome in the morning.
However, as my footy tippy is next to useless, so might be the above

rederob

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Post Number: 1481
Registered: 10-2002

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Thursday, September 29, 2005 - 07:11 am:

POG is trying to reclaim its recent USD intraday peak above $475 but it is a slow affair.
Spot gold starts today at $468.60.
Good news on POG in euro and Oz dollar bases sees further gains on a steady greenback: euroPOG @ $389 and OzPOG @ $617.
Silver is holding onto POG's coattails and starts today at AU$9.63 (or US$7.32).
I don't think we have yet had the typical retrace that tests the confidence of goldbugs, so a fall below $455 would not be a big surprise. Nor would it be an essential element of this cycle north given gold's lond period of consolidation.
Gold needs another 10% rise to break through US$500 and while this is not a fait accompli before Xmas, it is clearly going to happen based on trend continuation.

rederob

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Post Number: 1486
Registered: 10-2002

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Votes: 0


Friday, September 30, 2005 - 06:43 am:

A new day dawns and silver shines: Touching US$7.50 and easing back slightly to $7.47 as we go to air (or AU$9.81).
This might mean MMN adds another cent - but at least does not fall back any.
POG had a fair dinkum rollercoaster ride, collapsing each time it hit $473 - starts today at US$471.80 (or AU$620).
Where are we then?
POG rising with the greenback and increasing substantially in other currency terms. Any decline in the greenback is likely to spur POG to greater heights extremely rapidly.
In Oz markets, unhedged gold plays will again do well today and dont be surprised if LHG ends the week a shade under $2.
With oil prices set to rise further tonight, I expect a real chance at POG entering the weekend over $475 - no bull!

whitesamurai

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Post Number: 14
Registered: 11-2004

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Votes: 0


Friday, September 30, 2005 - 12:20 am:

Random thoughts from a POG POO prognosticator...

As we sit on this cusp of inflation let us say a prayer to Big Al and the mighty sword he swathed through rising prices. He tamed the wild beast only to see it teased and set lose on an unsuspecting public. Pity the successor who cannot pull the sword from the rock once more. As control over prices becomes lost, the rock itself begins to rise with the balooning POG and POO until all is lost.

The US had to go through necessary restructuring to get them the renewed harvests of surplus. Money that was spent by a fool who was told too much. It was worthless anyway...

And now we await yet another retrace to confirm what we already know. The game is still afoot and $500 will not go easily. It is no way to send Al off. We need a sub $445 close one last time to get there. Let it ride to $487 and await the unseasonal doldrums. Left unabated like this POG will become the destructive one. We want it to be constructive.

I would expect the catalyst for the retrace will be Asian inspired, the move after that should reveal the master plan. We couldn't go on forever using their savings...

thommo78

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Post Number: 62
Registered: 05-2005

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Thursday, October 06, 2005 - 10:25 am:

rederob et al. I wonder when this POG correction will cease so I can add to my gold stocks?

rederob

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Post Number: 1504
Registered: 10-2002

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Thursday, October 06, 2005 - 10:50 am:

thommo
Exactly a week ago spot gold started the day at $468.60 - whereas today it sits just US$3 lower despite our market turmoil.
POG in euro and Oz dollar terms have experienced slight declines as well; from euro$389 to $387 today and OzPOG from $617 to $612 today.
Silver jumped ahead over the week and starts today at US$7.38 or AU$9.74 (last week @ US$7.32 or AU$9.63).
During that same period LHG has thrown off 20cents (over 10%) and could retrace further!
I personally would buy more right now but for the fact that 20% of my stock portfolio already has gold exposure and one must draw the line somewhere.

archer

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Post Number: 1002
Registered: 11-2002

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Thursday, October 06, 2005 - 11:02 am:

Im picking up cheap gold and silver company options
during this panic

archer

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Post Number: 1003
Registered: 11-2002

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Thursday, October 06, 2005 - 11:04 am:

More IGR too{-;>

justice

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Post Number: 420
Registered: 01-2003

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Thursday, October 06, 2005 - 12:49 pm: