Archive through November 25, 2005

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kate

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Post Number: 191
Registered: 04-2005

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Friday, October 28, 2005 - 10:22 am:

Volvodriver,
I read your links with interest. I know nothing about Elliot waves, I'm afraid, but it will be interesting to watch. With regard to the article about the demise of the American dollar, I keep coming back to the fact that I don't think the rest of the world can afford for America to just topple over. China will no doubt take its place as the world's financial powerhouse eventually but which country/ies would take over in the interim? To me the only contender would be the EU but I think the euro is still in its infancy and not stable enough. From my limited knowledge, most countries don't hold enough gold for it to be used as a currency. It will be interesting to see what others think.

Regards
Kate

hailoh

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Post Number: 155
Registered: 04-2003

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Thursday, November 03, 2005 - 01:14 pm:

I have posted the weekly AMEX Gold Bugs index ( Bugs=Basket of Unhedged Gold Stocks). There is clearly a current flag formation in existence since mid 2003. Question is, if it is a continuation pattern, when will it oblige?

BUGS Index weekly

I can't pick any divergences or other indicators other than continuation of the pattern. However if we start to see redemption of the estimated 10,000 to 16,000 tonnes of gold believed to be leased from Central banks,( and the one billion ounces of silver) things should fire up.

Possibly it could be when the US yield difference curves that Colin posts each week flatten out and reverse.

Question again - will one index lead the other, or is there another bell wether still one jump ahead of the flock?

Meanwhile it is a time for big margins of free equity as selected stocks seesaw up and down, and usually a gut wrenching time to be stopped out on a daily reversal.

goldbug

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Post Number: 276
Registered: 02-2004

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Thursday, November 17, 2005 - 06:11 am:

Well into phase 2 of this multi year bull for GOLD.

Overnight, all currencies showing approx. 2% gains in POG.
The little ozzie battler a shade over $650 and the Euro showing a strong breakthrough the $400 level to name a few...

This phase usually produces the most dramatic rise in the price.

Even though the figures out in the US on inflation overnight were not screaming rampant inflation, the perception is with the sustained increases in energy prices this may lead to the core inflation rate to ratchet up.

These things take time.....

BUY GOLD and HOLD.......

Regards

GB

archer

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Post Number: 1121
Registered: 11-2002

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Tuesday, November 22, 2005 - 07:33 am:

Russian Central Bank Unveils Plans to Double Gold Reserve, Market Prices Surge
Created: 18.11.2005 16:53 MSK (GMT +3), Updated: 16:53 MSK

MosNews
http://www.mosnews.com/money/2005/11/18/goldreserves.shtml

The price of gold hit an 18-year high on Friday after Russia revealed plans to double the quantity held in its central reserves, the Irish Business Post newspaper reports.

Heavy buying from investors helped the precious metal rise to $487.50 an ounce, after recording its largest one-day rise for three months on the previous day.

Experts said the price was set to rise further, with the key $500 barrier now well within sight.

Martin Potts, mining analyst at Teather & Greenwood, said Russia’s plans, which were announced earlier this week, contributed to the current surge in gold prices.

Russia has about 500 tons of gold in its reserves.

He said: “Another 500 tons is equivalent to about three months of global production or around three years of Russian production.”

Prices have also recently risen on the back of renewed fears over inflation in the United States, as traders move their investments into safer areas.

Mr. Potts said he expected the price to move further, adding: “It will certainly hit $500 without any trouble.”

Experts at Barclays Stockbrokers said: “Provided gold builds value above $475, we would expect the uptrend to press on next to the psychologically-important 500 level, and beyond that to 510 by the year’s end.”

goldbug

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Tuesday, November 22, 2005 - 11:43 am:

Hey Archer,

What do you reckon....

$500 US tonight???

Regards

GB

archer

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Post Number: 1124
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Tuesday, November 22, 2005 - 02:08 pm:

Could be 500 this arvo{;->

archer

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Wednesday, November 23, 2005 - 11:38 am:

Something's gotta give in America
http://www.smh.com.au/news/business/somethings-gotta-give-in-america/2005/11/22/ 1132421665012.html

archer

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Thursday, November 24, 2005 - 09:24 am:

Putting aside demand/supply conditions that favour gold right now the recent sharp jump in gold prices can only be explained in light of a realization that a monetary disaster is in the making.
http://www.321gold.com/editorials/chapman_d/chapman_d_112305.html

archer

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Post Number: 1130
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Thursday, November 24, 2005 - 10:52 am:

The Questions. Any discussion of gold always comes back to certain basic questions: Why is gold money? Why is gold valuable? Why can't money be whatever we say it is? (The last question is usually asked by government officials because they don't know the answers to the first two.) Why does gold give rise to all kinds of controversy not associated with, say, platinum or lead? Why is the stuff an emotional, political statement for those who love it and for those who hate it?

The Answers. Over thousands of years, in billions of transactions by millions of humans, many commodities have been used as money: stones, salt, cattle, and seashells among them. But wherever gold was available, it tended to displace other media of exchange. Like any successful money, gold never needed to be decreed "legal tender" by a government; it was recognized as the most desirable money by common consent because of its unique properties.

http://www.321gold.com/editorials/casey/casey112405.html

ken

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Post Number: 328
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Thursday, November 24, 2005 - 04:20 pm:

Archer,

Read something the other day about gold - its the only asset type that comes with no attendant liability. Haven't thought this through but sure sounds good!

Ken

Trade with the trend, not against it.

The trend is the direction of the 22ema line (Elder)

glenn

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Post Number: 26
Registered: 11-2005

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Friday, November 25, 2005 - 09:14 am:

Ken,

That'd probably be the article that archer posted ;) I'd greatly appreciate anybody being able to elaborate on that point a little more though. How does it have no liability? If I sell on the spot market am I not expected to deliver the gold like most other commodities? (It may be cash settled, but I still see that as a liability)

How is it different to copper, oil, uranium, or even a stock in that regard?

Smrt-trader

ken

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Post Number: 329
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Friday, November 25, 2005 - 10:27 am:

Glenn,

They are talking about Gold metal, not gold futures.

Ken

Trade with the trend, not against it.

The trend is the direction of the 22ema line (Elder)

glenn

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Post Number: 27
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Friday, November 25, 2005 - 10:33 am:

Ken,

So how does the fact it not carry a liability make it any more appealing than say copper or silver?

Smrt-trader

archer

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Friday, November 25, 2005 - 10:42 am:

You need to see gold for what it really is
Its a currency,not a commodity
The gold you buy today may have been the very same gold
that was mined out of the ground by Africans 5000 years
ago and traded for grains from Egypt
It may be the same gold that was used to make coin that
a Roman used to purchase his necessities a thousand years
ago
All the gold ever mined out of the earth still exists today
You cant say that for ANYTHING else
All the gold ever mined would form a cube 19m square,
which would fit easily under the Eiffel Tower in Paris
cube

glenn

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Post Number: 28
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Friday, November 25, 2005 - 02:38 pm: