Archive through January 10, 2006

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captain_chaza

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Post Number: 1566
Registered: 02-2003

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Tuesday, December 27, 2005 - 08:02 pm:

Come-in Spinner
Looks like the Chinese are hopping in

All we have to do now is wait patiently for the Poms and Yanks to carry on over-night without devaluing the Big Buck TOO much???
capn

"While we stop and think, we often miss our opportunity." Publilius Syrus, 1st century B.C.

"I believe the future is only the past again, entered through another gate."
Sir Arthur Wing Pinero 1893

"There are two times in a man's life when he should not speculate: When he can't afford it, and when he can." Mark Twain, 1897

archer

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Post Number: 1245
Registered: 11-2002

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Thursday, December 29, 2005 - 09:57 am:

Gold and silver are at new highs in oz dollars
nearly 710 for gold and 12.25 for silver
----------------------------
Only one thing stands in the way of increasing the money supply (assuming it is fiat money).

That one thing is -- GOLD. This is why central banks fear and hate gold. As they continue on the path of increasing the money supply, gold rises. And rising gold is a red flag, a time-honored alarm system that announces to the world that something is wrong.

http://www.321gold.com/editorials/russell/russell122805.html

kate

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Post Number: 235
Registered: 04-2005

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Thursday, December 29, 2005 - 11:15 am:

Archer, thanks again for another link.
I've been reading loads of articles, but still feel like I'm scratching the surface!
Gold stocks still going up, however most on thin volume. Don't know whether this is due to lack of traders or whether the 518 resistance will mean another pull back and those who are cautious are on the sidelines.
One article that I read this morning( another 321 article) suggested to buy quality gold stocks on any dip and not to sell at all. Not exactly how I trade, but found it interesting as I'm sure Rederob said the same thing ages ago. Maybe you need to have a separate trading plan for gold?

Captain C
"It would be handy to know those very very brave seaman who don't hedge their bets on the POG and The Big Buck "In Tandem"?"
I had a traumatic boating childhood and didn't learn "sea speak" hence my lack of understanding of your posts. Could you explain what you mean and does that take into account the underlying value, or lack of, the US dollar.

Regards
Kate

captain_chaza

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Post Number: 1569
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Thursday, December 29, 2005 - 05:30 pm:

Ahoy SCO Katie
Just hold onto your hat for the moment!
Lots to talk about when the wind stops blowing

capn

archer

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Post Number: 1252
Registered: 11-2002

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Saturday, January 07, 2006 - 10:29 am:

What we often hear about gold is that it is useless.
So by implication, if this stuff is useless, just hanging around gathering dust, earning no interest, a barbarous relic, it must also be worthless. Just like that broken old typewriter I have in the attic.

I have heard it said that gold has intrinsic value. How come gold has this magic "intrinsic value" but my old typewriter doesn’t? They are both useless, so they should both be worthless.

http://www.investmentrarities.com/wkcolumn.html

kate

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Post Number: 247
Registered: 04-2005

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Saturday, January 07, 2006 - 11:40 am:

The article below may be of interest.
http://www.marketwatch.com/news/story.asp?guid=%7B69D9ABBB-0E6D-448A-B626-004D19 C722E8%7D&siteid=google

Why is the gold price quoted in US, Euros and Australian dollars, when other commodities are only quoted in US dollars?
I've been re-reading the base metal section, trying to understand the US dollar-commodity price-Australian dollar equation.
If the US dollar value falls, the value of commodities fall, which means we get less for those commodities. Does that result in a fall in the value of the Aust dollar which results in getting more for those commodities?

Regards
Kate

rederob

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Post Number: 1664
Registered: 10-2002

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Saturday, January 07, 2006 - 11:42 am:

archer
where is your chart on gold?
are you trying to key it in via the typewriter?
i heard gold was at a record close in the present cycle
does that mean oil prices are high, too?
is anyone following what's happening
the Captain appears at sea on this one!

rederob

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Post Number: 1665
Registered: 10-2002

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Saturday, January 07, 2006 - 11:57 am:

kate
in relation to changing forex prices for commodities, you need to determine the currency in which company contracts are denominated - US dollars is common, but not essential
where US dollar contracts prevail, then you will need to see if the company has currency hedging
or, the company may have hedges on rising or falling commodity prices
when you have worked it all out, please let us know
thanks

ps, buying unhedged producers in a bull market is the safe way to go - and it's a no brainer (and i didn't mention OXR anywhere did i!)

archer

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Post Number: 1257
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Saturday, January 07, 2006 - 01:14 pm:

Charts may not mean anything to gold anymore rederob
---
Through a Gold Bug's Eyes
http://www.businessweek.com/investor/content/jan2006/pi200513_8038.htm

captain_chaza

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Post Number: 1584
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Saturday, January 07, 2006 - 01:47 pm:

Ahoy Officer Red Robert

At sea?
If you read my post above "Come in Spinner"
You will see the exact moment I went to sea on gold
It is one of my proudest moments in real time
and may I add
WITH NO STOPS

Have a look and see what happened to the POG after that moment in history

I am just bloody unlucky AND BMO GBG have not gone through the roof yet and I didn't have enough money to buy the HIG

Seems I will now have to pay a very heavy price indeed to get back into the blue HIG on Monday

It's alright for you with lots of American Dollars to dabble around with those expensive heavyweights but we on the HMAS INCREDULOUS only have $100K to spend on sails

A Very Warm Welcome back Officer Bluey
A few days late but what the heck
At least it makes me feel a little bit more confident now

Salute for now
capn

PS Sea-Cadet-Officer Katie
Would you go overseas with $US or $??
Would you draw up an OS contract in $US or $??

We on the HMAS INCREDULOUS only sail the Globe with the Universal currency "The Big Buck"

captain_chaza

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Post Number: 1585
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Saturday, January 07, 2006 - 03:03 pm:

Ahoy Admiral Col'n and all well seasoned skippers

This reminds me very much of the mid+ 80's Bull Market
All the Markets roaring ahead in tandem with GOLD

We both know Ad's and maybe even a few other seasoned skippers that One of these masts is going to crack at some stage ?

But which one??

As the 1st Officer Spids always says
"Make hay while the sun shines and Don't worry about all the spot fires back on land"

Salute and Good Health
capn

I think I'll go back and have a look at my old charts

hilarius

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Post Number: 1459
Registered: 04-2004

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Monday, January 09, 2006 - 03:24 am:

Good Morning

Reading The Age for Monday 9th January (during a nightly comfort stop) I see the following :-

[Quote]
THE cost of the Iraq war could top $US2 trillion ($A2.65 trillion) after factoring in long-term health care for wounded US veterans, rebuilding a worn-down military and accounting for other unforeseen bills and economic losses, according to a new analysis.

The estimate by Nobel Prize-winning Columbia University economist Joseph Stiglitz and Harvard lecturer Linda Bilmes far exceeds projections made by the Bush Administration.

The figure is more than four times what the war was expected to cost taking in this year — about $US500 billion, according to congressional budget data.
[Unquote}

It prompts the following observations :-

(1) We are paying for the war through the petrol pump?

(2) Aren't wars supposed to end in peace?

(3) It seems a lot to pay for sending not enough troops

(4) Did no one think of sealing borders & a nightly curfew?

(5) Americans are psychologically incapable of limiting privately owned arms ... many think private arms are good

(6) I never dreamed I would be able to read the Melbourne Age while visiting the bath-room in Queensland

(7) It seems we can perform technological wonders while being totally incapable of ensuring a world at peace

(8) Does all this explain the flight to gold?

Blessings and er .. um ... Peace

Hilarius

I come in peace to share my thoughts and to shine my candle light on possible long term opportunities

vermante

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Post Number: 530
Registered: 11-2002

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Monday, January 09, 2006 - 08:01 am:

What’s Driving Gold?

http://www.kitco.com/ind/GoldReport/jan042006.html

kate

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Post Number: 250
Registered: 04-2005

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Monday, January 09, 2006 - 08:19 am:

Thanks for posting the article Vermante, I'd like to see confirmation of what he says about oil producing countries building up their gold reserves. Certainly, Russia is, but from what I have read the Middle Eastern countries are ploughing their petro dollars into infrastructure and gold jewellery. Have you read anything else in support of what he says, what I read is a few months old so things may have changed since then.

Regards
Kate

vermante