A thread for all those who wish to discuss GOLD - the investment of and related discussions that can effect GOLD as an investment or simply how to invest in it. All welcome from other websites.

Morning squirrel.

Good start, but you need some charts an stuff to keep the troops happy.

Interesting read:

http://www.guardian.co.uk/business/economics-blog/2013/jun/03/gold-bubble-bursts-nouriel-roubini

Nice one squirrel. it`s getting a little stupid over there!!!!

Max - hi my cheese eating friend. I can't do charts.

That guardian article is fun. All the debts & financial problems have gone away - puff - in a cloud of smoke.

Oh dear that me laugh.

Brill Max - is that because you are blue brie? You can do charts?

Anyone can do charts squirrel.

see the how to post charts and pics thread.

Whats this with the cheese?

Max keiser likes brie. I think you are him but if not just let me have that one illusion. Afterall the guardian says gold is worthless. Lol

Porky - good to see you, skinny thanks for charts too.

We need peter, lemain & gaz now to get this rolling.

Hello peeps- good to know there is a backup in case ADVFN goes under. Banning links is a real shot in the foot.

Welcome - hopefully the others will come over.

Did we just have a mini revolution folks? - cool & peaceful like.

If removing the ability for unvalidated users to post links is the new way for ADVFN to bump up subscriber revenue then they are out of good ideas. The whole reasont hey became so popular was that ca -2005 they didn't censor posts and stuck up for freedom of speech in the face of a great deal of pressure. Perhaps it's now time to remove the mask and start the grim harvest- but it sure marks good time on the beginning of a new era. You have to keep moving otherwise you're a sitting target ready to be sent to PRISM.

Squirrel et al - thanks for the tip to move across - have enjoyed the RUGT for years on the other channel - but cannot credit their idiocy in "spoiling" links.Just hope all the regular posters move across as I have found the posts and links of Yikyak Gazcaz and even the well trolled Pbarnes more useful than reading any number of papers.
A few charts at the top of the thread would be "perfick"

I'll try to do charts at top.

Glyn agree we need the nucleus here - hoping they'll follow.

Max - any chance you can post a link to the "how to install charts in thread header"? Struggling a bit.

All the info is here squirrel.


http://uk.advfn.com/cmn/fbb/thread.php3?id=1994048

Lol - thanks max - will give it a go.

Life is a paradox, wrapped in an enigma, entwined with mystery.

RRS and gold mining:

http://www.forbes.com/sites/danielfisher/2013/06/05/randgolds-restless-prospector-plans-to-survive-the-gold-crunch/?partner=yahoomag

Squirrel et al - Hi
- sorry not posting much at mo - bit swamped under on the home front.

Cars
- Partners, mine and two kids (visit with car probs) all needed a selection of starter motor solenoid contacts, front wheel bearing, rear wheel bearing, track rod end, rear brake caliper since last fri.
Topped off today with, joy of joys, just swapped gearbox on one of my kids car.
- Strip down old gearbox and fit new thrust bearing and seal...tomorrow (so get a working spare back)

Should be back on stream by end of week.

(noticed - that some of the links above are not active - have you managed to understand the mechanics of why some are, and some not, yet - I do realise it's early days/learning curve stage over here tho')

The easiest way (other than HTML) to post a link or chart :-

For a link, use the button above the posting box

and

For a chart, use the button above.

Cheers skinny
Test
- if it works should show Chinese jewellry demand now (way up)
- vs- demand when gold was at peak $1900

qwerty1234 here from the ADVFN RUG thread

let's see how this thread works out

Test. Cheers skinny.

http://uk.advfn.com/cmn/fbb/thread.php3?id=1994048

Oh my goodness - that's a superb chart Gaz - look what is to come....it's too exciting for words.

All credit to Max today for helping us all find freedom once again. Ty.

thanks for setting up the thread squirrel.
eric76 signing in with as close as i could get to my advfn handle.
Will explore the site here over the next few sessions and see how it goes.
ATB all,
eric716

Bless you eric & welcome - keep those posts coming.

I've managed to post kitco gold chart in header - feels more at home now.

Anyone want anything else in header let me know & shall oblige with help from other tech posters.

Happy crew coming together.

Will post links & articles & updates.

:-)

Well done squirrel! What a lot of nuts on the dark side....

I've been using moneyam for streaming prices for years, however I have never looked at the bb's. Well Done

Great - we need Peter, Yik & Pine over here to keep the discussions counter balanced & juicy.

An overnight sea of red, and a battered USD. Black Friday?

squirrel - 'juicy'? You're not bringing the BABE thread over as well?

Squirrel - as well as live active links
- posting charts & images

- you can even do......

Glenn Beck - Teaser - next 24hrs
- a whistleblower will reveal info that can take down - "the whole...power structure"
- and that's his teaser - from having seen .....only one document

">

In the 2 mins - Beck says - the guy will only testify before congress....and on TV at that
- effectively the guy says - he's a "dead man walking"

Beck claims - when the whistleblower reveals...

"The American people, ......you haven’t even begun.. to be outraged".


So you can even choose (if you wish) to watch the video - on the page, without having to go to a seperate link page - nice touch :o)
- interesting teaser from Beck too

- wasn't it Breitbart
- who dropped dead of a heart attack in the early hours....of the day he was to reveal.....what would bring down O'Barmy
- I wish the guy - a safe 24hrs
(& indeed ...full and safe life

Intirguing vid gaz. 24 hours? I can't see a date on the vid?

Hi Lemain

Article dated ..12th June.. cites

"On his radio show..... today,
Beck claimed that his staff at TheBlaze has been in touch with a “whistleblower” who could single-handedly “take down pretty much the whole power structure” of the United States"

http://www.mediaite.com/tv/glenn-beck-teases-whistleblower-revelation-that-will-take-down-gop-democrats-whole-power-structure/

Glenn Beck is of course - the best proponent and advert for ....Glenn Beck
- (and a former TPTB Fox News presenter)

- plus the boyz - do need "an excuse" at some point to.....rattle things up
- to move onwards with the old man Bush "when we win....and we will"...agenda etc
(order out of chaos...an' all)

All good stuff Gaz. Hello Lemain - good to see you here....I feel you have a historical wealth of knowledge so good you have joined us younger (cough cough) ones here. Nothing like wisdom & history to bring discussions to a more juicy content.

Babes - that's not my department. But I promise to be very nice to you - all.

I'm on constant Aljazeera watch here - things definately hotting up with the syria conflict - alot of people killed and showing pictures of children, babies, women and men with injuries. Lack of food and medical supplies causing hardships. Not that I'm one to take sides in matters I don't fully understand but it seems to me that a dictator is allowing his citizens to be killed and maimed and that needs to stop.

I cannot wait for the whistleblowing news - it's got me intrigued to say the least Gaz.

Glenn Beck is a shill so dont hold your breath for anything other than something to "poison the well" of whistleblowers.

Syria - another neocon agenda

Who are the NeoConservatives?

http://www.veteransnewsnow.com/2013/06/06/224110-laurent-guyenot-who-are-the-neoconservatives/

http://www.veteransnewsnow.com/2013/06/06/224110-laurent-guyenot-who-are-the-neoconservatives/


bhg - I've brought your link to life so we can just click on it. You can do this by using the little chain icon at the top of the posting box to the left. It's after B I U - little chain - just click on that and paste whatever link in there. Stay - you've got some good stuff there.

http://jessescrossroadscafe.blogspot.co.uk/2013/06/some-thoughts-on-forex-rigging-scandal.htmlFree markets - Jesse -
12 JUNE 2013

Some Thoughts on the Forex Rigging Scandal and Market Manipulation

"... it does shoot a gaping hole in the efficient markets theory. Here is a huge, widely dispersed market with literally millions of transactions affecting almost every economically involved individual in the world, and it became a chronically rigged market in a corruption scheme that went on for many, many years.

Put that in your free market neo-liberal pipe and smoke it...."

Cheers squirrel

Midknight,

I've brought your link to life for all to click on.

http://www.forbes.com/sites/danielfisher/2013/06/05/randgolds-restless-prospector-plans-to-survive-the-gold-crunch/?partner=yahoomag

Gaz - is there any way we can get links to open in a new window. When I click on them they take me away from the forum?

This latest tax avoidance 'scandal' is getting interesting in view of Google's official response. "We obey the rules if you don't like them change them and we will comply". But the rules allow massive tax-savings for essentially the super-rich who can afford the advice and have sufficient to justify setting up all sorts of overseas companies, trusts, etc.

Cameron will get the boot from his chums if he threatens that. He's painted himself into yet another corner.

Lemain - I was just thinking this morning - what is it with this witch hunt for tax avoidance?? It's not a crime.

They are now including avoidance as if it were illegal when clearly it is not. Tax EVASION is illegal of course and should be chased.

It's almost like they WANT to highlight it in the psyche of the people. People working overseas in tax free countries that do their paperwork correctly upon leaving UK and then re-entering UK are following the rules. Perhaps they want to encourage more form filling? Or encourage more folk to do a stint overseas and earn some money? I rather think everyone should do a 2 year stint if they can - it's eye opening and enriching in so many ways.

The rules won't change. Less jobs in the UK = more people working overseas. Simple.

I guess it's because they're looking for any easy source of revenue Squirrel given how parlous the nations books are -with the national debt increasing every year even if the deficit is being reduced.

More tax = more people going overseas as well....economics of a madness. Yet they can still afford 12bn for foreign aid!!!!! Beats me - where's that cash coming from. Oh yes, more taxes for less services...

Gold and Silver will eventually have their day. This erosion of Purchasing power cannot continue indefinitely without this occurring.

Agree. We are late 40's/early 50's and find ourselves out of our own country - for work. We aren't alone either - MANY of our age and older working and many from Europe.

Come home and might be lucky to get a p/t job. My last job promised to take me back when I get back. 20 hours a week - will keep me in pocket money I guess.

Alot going on - things coming to a head all round I think.

BHG - I think people should be approaching the stage of thought - re all rigging
- there's a conspiracy theory about xxx that suggests - that it's NOT rigged

As to shills (controlled opposition) even Alex Jones and David Icke (bless him) have trails back to Bronfman connections.

Tend towards the thought - if they die, suddenly, or in.. strange.. circumstances, worth going back and reading their works (Bill Cooper, Breitbart, Chris Storey etc).

Those living large, filling wembley arena, and states wide syndicated TV/Radio shows, drop in shall we say the questionable motives category. That said - to be credible, controlled opposition - they have to carry a decent volume of "credible" inside information/disclosures to maintain credibility.

The question that springs to mind is "why now".
In that TPTB are letting, often long known alternative media info....loose via their MSM into the...public domain.

(such significant distractions/disclosures.....perhaps suggest major significance brewing perhaps....or just an excuse for some more "order out of chaos" triggering)

Squirrel - right click the link - in the box that opens up - you can then select
- open in new window
- or open in new tab
Still keeps the board tab open and active.
You can then flick between the two
Or you can then close either the new opened window/or tab - which will then leave just the board tab still open
:o)

gaz, yes, they know how to confuse any issue -

NSA Deception Operation? Questions Surround Leaked PRISM Document’s Authenticity

http://www.globalresearch.ca/nsa-deception-operation-questions-surround-leaked-prism-documents-authenticity/5338673

Gaz - thanks - got it.

bhg - makes you think "ooo - they want us to know that they are watching me"

Watching you.........watching me.

I AM actually starting to see the funny side of this though. THEY want us to know we are being spied upon.

Will it stop the majority using the net?

Percentages - 75% will stick with it. It has become an addiction, a way of life.

Let them watch.....if they feel so perverse?

I'm not so laid-back about it. Consider the agencies from the 20th Century: KGB, SS, Stasi,..... If a bigoted government came to power - or even a bigoted local police chief, council,.... - then at the touch of a database search term it could give a list of, say, all Black (Afro-Carribean) males who are members of the Tory party, incomes over £x,000 who own land in the UK. It was only seventy years ago - your dad or grandad's prime - when there was such an organisation eager to find all Jews..... Personal data can be used for for great evil. Personal data should remain private and unrecorded unless there is a compelling reason on a case-by-case basis.

Inflation: Robbing You Since the 10th Century


September 1793:

"The Convention decreed that any person selling gold or silver coin, or making any difference in any transaction between paper and specie, should be imprisoned in irons for six years: – … Later, the penalty for such offences was made death..

http://http://www.caseyresearch.com/cdd/inflation-robbing-you-since-the-10th-century

Hi squirrel1888 thank you for setting up the new thread :O)

Update on the Glenn Beck ...teaser
- re revelation of earth shattering, power structure crashing - "dead man walking" whistle blower - news

http://www.youtube.com/watch?v=XHnaZmX75qQ

He has.... arrived in New York
- The grand revelation now put at 24/36 hours away :o)
(just in time for....all closed... weekender)

I've had an amazing evening - danced with the whole world & so many beautiful people around me were so protective of me.

My heart is brimming.

One of those statements that make you go 'mmmm ??

The World gold Council (WGC) - it's the trade/industry body that (supposedly) represents the gold....mining industry
- thats the folk that dig....physical gold out the ground
- it is....supposed to - promote - the "physical gold" digger uppers ...interests

So - call me old fashioned, but why - are they in India - working with their government/RBI ....and I quote

"to work with it so that yellow metal could be promoted as..... a financial asset, (& here's..the kicker)..rather than... just..... a physical asset.

I thought they (WGC) were ...supposed to promote - what they term "just...a physical asset" that their members...physically dig up.

Yet they are promoting instead ....the paper gold ....."financial asset"....aspect.

Some may perhaps think that perhaps the WGC - don't really represent their "physical" digger members interests,

- but really - dance to the tune of the "financial paper assets" tune of their....Bankster masters

http://timesofindia.indiatimes.com/business/india-business/Gold-rush-World-Gold-Council-really work for...the bankers

BHG - good article.
Misdirection, distraction and directing public opinion are indeed their mainstays.
- Even Bill Cooper in his latter days - questioned whether he had been identified and profiled - and the possibilty that much of the information he had disclosed previously and gleaned from his former day job...may have been planted.

The other tactic is the strawman - plant some information for a potential whistleblower- that can easily be discredited at some point.
- Which then, (in the publics eyes), leads to everything that's revealed - being tarred with the same brush,
.....and similarly (by association) - discredited

Flipp - no problem. The more I discover about most folk, the more I confirm that people want community.

Governments do so much to destroy that.

Those with hidden agendas usually trip up sooner or later.

Whistleblowing timebomb is ticking Gaz. Its positively tantalising!

OK, I have just moved from the other place :)

Welcome flyingswan,

Gold and silver stepped up this weekend....quite a few are calling it for higher prices from here.

As is often the case with conflicts that now involve America and Russia - there will be a flight to PMs.

It's dirty but highly lucrative.

The Beck - sytem bring down - disclosure
- not come accross the final....output..
- but
- I think it will be "his" ....interview.... with this guy & what he has to say re this......

http://www.hagmannandhagmann.com/1/post/2013/06/glenn-beck-discusses-dhs-insider-its-about-to-get-ugly.html

ie - Becks - pre teaser - coverage of this article........Becks audio at the top
- transcript - beneath

...........................................................................................................

One of lifes little "unconnected" coincidences
(Hagman of the.... above website....carrying the original ...disclosure)

http://www.stevequayle.com/index.php?s=33&d=427

Doug Hagmann, host of The Hagmann & Hagmann Report was involved in an altercation
- with armed authorities while driving on a city street early this morning.
- As reported, he suddenly and inexplicably found himself surrounded by police SUV vehicles and a cadre of police officers
- treating him as if he was a terrorist threat

...................................................................................................................

(Almost "proof of the pudding" -as some might say.

What happened to Glen Becks whistleblower? I was really looking forward to that.

http://patriotsurvivalplan.com/video.php?v=5&cid=102b3ba160c3610347375bdbac480a&affid=AP-1080&c1=b300x250&c2=&c3=

squirrel,

Have just listened to the above and it sounds too good to be true. Have you subscribed to this?

mabel

Mabel - morning,

No I did not subscribe. I call it "sticky advertising". People who genuinely want to help society & community be sustainable do not charge folk.

I don't charge folk but I have published 3 books & run a website for free. Not for these forums.

Who wants to live in an inhospitable world where we lose freedom, love & community spirit at the hands of dictators & meglamaniacs.

My readership are encouraged to be frugal, have PMs, some collectables & to create their own sites & products. I do not sell information other than the books which the internet online bookstores take care of.

I don't have time for cons, apathy, spins.

This becks character seems to be a spinner.

I think gold could bounce at any moment.

It sounds like the Coop is about to be Cyrused?

The Co-op Bank will this week announce plans to fill a 1.5bn-pound hole in its finances. The rescue, brokered with the Bank of England's Prudential Regulatory Authority, will see 5,000 investors take a haircut on money they lent to the bank...

http://news.sky.com/story/1104599/co-op-bank-seeks-to-fill-1-5bn-capital-hole

http://www.independent.co.uk/news/business/news/troubled-cooperative-bank-unveils-rescue-plan-8661275.html

Good find swan.

Glad I didn't put money into the co-op. Got my £1 membership fee back when I exited the UK. Sold my premium bonds too - thats another questionable "investment".....

squirrel,

I mistakenly thought that by providing the link, you were endorsing it. I personally am suspicious of this type of advertisement, however, it can be a fine line between providing a genuine service and taking advantage. We have to make the decision for ourselves.

mabel

A bit more on the CoOp here:
http://hat4uk.wordpress.com/2013/06/17/banking-scandals-cooking-up-the-hook-ups-that-turned-into-fk-ups-and-britains-first-bailin

Mabel - agree.

Co-op first. Tesco/sainsburys next? Why would anyone bank with a supermarket chain?

Are the supermarket banks wobbly?

I wouldn't trust them. It's another accident waiting to happen Max. Get your money & all your shopping data/habbits. Loan out your money & then the defaults start pouring in. Who is going to bail them out so customers don't lose everything?

Not sure why you think Supermarket "Banks" are another accident waiting to happen - their lending practices aren't as risque, their interest rates not as competitive from what I can see. They're also less prone to the kind of dubious activities that most banks engaged in - why? Because they can't afford the reputational damage to their main business,namely the sale of groceries.

They simply wont get into the position where they need a bailout is my view...

So what happened to the co-op then - just for clarity's sake?

I think the perception may well be that 'supermarket' banks are completely clear but it is not the case. Supermarket are capitalising on their brand strength and the publics general mistrust of the banking brands. However, once you look behind the branding you will more than likely find a banking institution behind it whether on a jv basis or as processor. On the surface the supermarket bank looks as though it's free from toxicity but it is only as good as the clearer and all institutions are connected in some way to a third party. If a default occurs with a third party it ripples though the whole sector. In 2008 Tesco purchased RBS's 50% stake in Tesco Bank for £950m, it was sold as a buyout for public consumption but in reality it was a bailout for Tesco Bank.

Co-op is hardly a Sainsbury or Tesco now is it Squirrel. And it's the CO-OP PIBS holders that are suffering - similar to RBS/Lloyds shareholders. Depositors being safeguarded.

I expect, but haven't followed the situation closely that other parts of The CO-op will be bailing out the bank side. Not sure why they've got into the trouble they have because I neither invest in the CO-Op nor use any of their services.

Sainsbury, or Tesco banking is a different kettle of fish as they have serious reputational damage to avoid - the Co-op , imo, is a pile of shite..

"In 2008 Tesco purchased RBS's 50% stake in Tesco Bank for £950m, it was sold as a buyout for public consumption but in reality it was a bailout for Tesco Bank."

Looks like a buyout of the other 50% shareholder to me, namely RBS - how do you get to "bailout" for Tesco Bank out of interest Yik?

Re banks in trouble (Biiii-iiig Banks)

Posted comment re several....inc...Barclays ???
- across on Silver

Squirrell
- not looked up Becks big disclosure
- just assumed it was..... re that given in the article immediately before ...your dissapointed no update query

(post no 62.....interesting imo - especially taking into account...the subsequent..event)

Gaz - excellent content as usual. Read silver thread.

Yik - ty for info re tesco. Clearing houses being the key. I like to know which clearing/transaction houses are being used for which front facing "shop". Having worked in a bank after I finished my schooling. Highly boring it all was. Now - I'd probably die of shock not boredom. In those days we'd get bags of 25k cash. Today I think those bags contain much more paper............thanks to inflation.

On a supermarket only basis I'd agree that Sainsburys leaves ttroubled tesco behind who have had to pull out of the USA & cr8ppy co-op who have just stung a group of pensioners.

I like Waitrose best for it's non-gm approach.

I won't mention any others but a certain household name may be scooped by a certain gulf state.

http://blogs.marketwatch.com/thetell/2013/06/17/get-back-into-beaten-down-mining-stocks-j-p-morgan/?source=email_rt_mc_body

Get in.

With what?

Many have lost their shirts on the way down I suspect.
And those that haven't are very wary of buying for one reason or another.

That's before you consider many have decided that they're never investing in AIM again due to the shenanigans of numerous BOD's.

MML looks interesting, as does HGM and CEY (political risk huge here)
As to smaller goldies, too risky, especially if they need any financing. Same for silver companies. Go for producers, preferably those not needing to raise cash in any form.

Amazing to see all of you new guys who only joined recently yet are obviously prolific posters and seem to be from the more 'sane selection of the darker side'! ;o) Welcome all.
I'm not sure that I agree with JPM in your post #82. No doubt they have done some research to support their stance, but I wonder if they are also house broker to any of the big guys? Assuming QE is going to be phased out and economies will then start to fight the inflation battle, coupled with global downturn in commodity buying and political instability in certain areas where some of the metals & minerals come from, most analysts seem to be advising that investors now turn their attention to the 'cyclicals' as a better investment rather than blue chip defensives (Utilities, telecoms etc) or higher risk mining & exploration. I know you guys follow gold & silver quite closely, but although there isn't a direct correlation to the gold price and the mining stocks, margins for the miners seem to be wafer thin if the price of gold doesn't hold avove $1400/oz. Do you also follow platinum? Again a high risk play in mines which are very prone to accidents, strikes and political instability. All just my opinion, but of course it depends on your appetite for risk!

Printing won't ever stop. It's just rhetoric by bb.

Printing stops the whole world will go in to a tailspin straight into the abyss.

BoE O'Neil has been brought in to get the printing presses moving even faster.

Accumulation is the name of the game.

The BIG question is how high will equities go?

Get in with what?

Careful research is just about the best thing to do.

Resource rich - well medium rich.
Firm infrastructure in place.
Politically stable.
Solvent.

Feel free to add to that list.

"Get in with what?"

erm you said in your post, numbered 82, get-back-into-beaten-down-mining-stocks-j-p-morgan/?source=email_rt_mc_body.....

To which I queried.

With what...

Clearly most have been burned by their PM investments and will have no money to get in with. Those that do have spare cash, a minority, will still be scarred and very wary of investing in any AIM miners. Especially given the poor macroeconomic picture for metals in general, and, seemingly, PM's in particular.

Namely falling gold/silver price, rising costs of inputs,and, equally importantly, rapidly changing political risk.An example of the latter - the court case in Egypt, and the chatter that the Philippine govt wants to change the way it raises tax on PM producers!

Why put in any new money?

I suspect you've miscontrued my initial reply to post 82.

I'd certainly be adding on a careful basis(eg MML,HGM,less so CEY) but I most definitely wouldn't invest in any Aim company with little/no production, or needing to raise cash.

The Seda has been an utter disaster for AGQ, rather disappointingly. But was predictable as any of us RRR / RGM shareholders said at the time. :)

Omce - I know little of some of the miners you mention. I have quite an indepth knowledge of AGQ. Difficulty with seda but funding talks are taking place & a large shareholder such as Eric Sprott gives more power to the company. AGQ outright own all the land & property aswell as proven 120m ozs silver, not to mention zinc.

The Eqypt case (CEY) I think - correct me if I'm wrong could be interesting as ties with Syria are now broken so whilst an extremely dodgy time it could do well in the longer term. I don't hold CEY (yet).

It will be bigger boys that buy some of AIM & I don't believe it serves the city of London or its reputation at all for David Cameron & his mate Michael over at Icap to destroy AIM - just so he can have those listings on his ISDX which he effectively stole (PMK). He will be outed for sure - and Cameron will go down in history as one of the most financially destructive PMs the UK has had in modern times. His associations have already let him down badly.

Not everyone in the public are stupid or been hoodwinked.

Today we see a report that finally states bankers that failed their customers, shareholders & the market should be jailed. How long before CEOs like Michael at Icapp come under that same ethos.

Desperation reigns.

Hold PMs & miners with proven resources. Heck - I'll dig the stuff out of the ground myself & broker my own deals. Lose I will not do.

What's Michael Spencer at Icap been doing to destroy AIM?

"Today we see a report that finally states bankers that failed their customers, shareholders & the market should be jailed. How long before CEOs like Michael at Icapp come under that same ethos."

You do realise that ICAP, like other IDB's , is a different business to banks right? It's the banks that are Icap's customers, not the general public.

HarryCat

re
"most analysts seem to be advising that investors now turn their attention to the 'cyclicals' as a better investment rather than blue chip"

IMO fwiw basis - unless you want to personally try
- the "post Lehman" experience .....in stocks & shares

I would give them all a miss on the old adage - sell in May ........., or in this case more possibly ....high tail it out of Dodge - and stay out....for a while.

DYOR but :- (here goes)

The first time in recent.... decades
- that total margin debt exceeded... 2.25 percent.... of G.D.P.
- came at the end of 1999, amid..... the technology stock ....bubble.
- Margin debt fell..... after that bubble.... burst,

but
- to rise again during the..... housing boom
- when anecdotal evidence said some investors were using their investments to secure loans that went for down payments on homes.

That boom in ...margin loans ...also....
.... ended badly......

In fact it seems whenever margin debt reaches 2.25% .....the stock market crashes

http://www.nytimes.com/2013/06/01/business/economy/shades-of-prerecession-borrowing.html


So are we around the red flag ....2.25%..... historical - crash warning level now ??

Apparently - Margin debt has now risen to about...... 2.4 percent..... of GDP

May not crash this week, or next week - but it seems "the writing is on the wall" by way of forewarning
(And - in rather - large letters - imo)

By way of a visual warning

- the GREY areas indicate when margin debt - exceeds 2-25%
- The chart after....the Grey areas
- represents the S & P......in the month that follows



By all means place your bet......but
- the bottom right chart

- is where we are......now.

See how it pans out shortly

But shortly afterwards - you may wish to review....those "most analysts" seem to be advising....
- and perhaps knock them off your reading list :o)
re
("most analysts .......seem to be advising that investors now turn their attention to the 'cyclicals' as a better investment rather than blue chip")

Often better to be out ....a month early......than a day or two late
(I think they are considering adding tha - to - The Cypriot...national anthem)

No advice given mind you - after all
- only qualifications I hold are - a CSE II in woodwork, a 25 metre swimming badge

Once36
- would your mining shares get hit in the carnage and crossfire - should the previous post pan out
(just a thought fwiw)

Thanks for that gazkaz, but for me it is the never ending revolving door of having to find a reasonably profitable safe haven for my money. Cash under the bed is depreciating in value, so it has to work pretty much all the time, even if that means just investing in high divi yield stocks with little capital growth.
As for your qualifications, they look pretty impeccable to me. I wonder how many brokers, financial advisors and analysts can claim to be able to swim and assemble a flatpack furniture unit! ;o)

You do realise that ICAP, like other IDB's , is a different business to banks right? It's the banks that are Icap's customers, not the general public.

I rest my case.

I figure Icap are in deep do do. Hence them stealing an RIE. For sure they & agents are behind the attempted destruction of AIM. Just like PLUS.

Only AIM is & always has been a brand.

So much for cameroons SMEs salvage operation. More like one for the boys club.. Do some research omce - get enlightened.

I'd say a small percentage of miners (juniors) will see the other side of this. If they're already listed with ISDX then lets see what happens.

Personally I think it's shameful to destroy AIM - it's always been a part of the City. Shame on Michael for the greed. SMEs aren't wanted by cameroon & his non tax paying corporates.

Have a think about it.


Gaz - you should be proud you can work inside an MFI unit - I'm sure its more worthwhile than an MI5 unit.

Squirrel - lol
- read a book by an ex - operative (if they are ever truly ...ex).
Seems the gov't funds unit 5 - but allegedly - unit 6 is funded from head of the committee of 300's - own...private purse....
- erMaj 'erself.

HarryC - can't remember who said it - but post Greece/Cyprus/Iceland/...and I suppose we could now add Co-op
- his focus was not so much "return on his capital"....more "return OF his capital"
- on that score - difficult environment and likely to become more so.
- my late father one said - "when you have no money...you worry
- when you have a lot of money... you worry
(but at least you worry in comfort)"

He was area inter school swimming champ 2 years running back in the 30's, and could weld too.
(although he never showed off ..by doing both at the the same time.. in public :o)

Lol

Was looking up something else
- but for any non former advfn'ers..... might be worth a read of the following which I posted in - the other place.

Why is it interesting ?

The hasty, rushed Cyprus - Bail in - saver snatch
- with added delayed access (moratorium) to saver funds....and bonus conversion of saver funds to shares
- with early EU official denials ....it was ...then was not a ....template

The link proves - it was not a ...hasty solution AND IS - A TEMPLATE

The link is from the Financial Stability Board - A ....TEMPLATE
- published....not in 2013 after Cyprus... or even just before Cyprus
- not even published way back in the last 15 MONTHS ie anywhere through 2012

But published ......way, way back in.....2011

http://www.financialstabilityboard.org/Template to rob the sheeple/r_111104cc.pdf

Zey 'ave a plan, an' zey 'ave 'ad it for ...a very long time !

If you are interested - in the .....really big picture

- and remember this is not - from some blog or paid subscription writer

- this is from - those who update/advise/instruct
- THE G 20 group

http://www.financialstabilityboard.org/publications/r_130419b.pdf

It sets out - progress on.... international progress
- in implementing
- GLOBAL........ "cyprus template"....bail ins
- cross borders
- re "THE to big to fail" - failing

Not only - in banking, but...insurance, financial markets etc etc

http://www.financialstabilityboard.org/publications/r_130419b.pdf

I personally don't think - they are just adhering to boy scout motto of -.... being prepared.

(must check if the boy scouts do - a "bail in" badge....would look nice with my 25m swimming badge)

Gaz - I haven't bothered with insurance for more than half my life. In my view they are worse than bankers.

I think capital controls will be the way forward.

Today there's talk of splitting government owned RBS where savers will be ring fenced & protected. The bad loans will be put into a bad bank where they can be dealt with. The good bank backed by savers will be able to make loans but I would hope they would be tightly controlled. Also savers should be rewarded with higher rates.

The bad bank should be able to seize assets.

It's a start. Good that bankers bonuses won't be paid for 10 years.

The public will is winning through but I won't be letting go of my PMs as policy change can happen anytime.

Bernie Big speaking later - I wonder what he's got hidden in his beard.

Squirrel
- re the good bank - bad bank scenario
- one day will get round to looking into how they make the balance sheets balance

All the savers money (bar say a 5% float) has gone, isn't there
(lent out in fractional reserve lending - to the borrowers - good and bad)

- so
a) - if you took all the savers only - to a good bank
- they are liabilities of the bank in their balance sheet
- so you have a bank with liabilities -....and no assets
- 100% insolvent

b) - If you (for arguments sake - assume all the mortgages/loans were bad - or a big enough proportion ie the ....assets on a bank balance sheet)
- & take those bad assets to - a bad bank
- the good bank - is left with - the savers (liabilities on the bank balance sheet)
- and again Nil assets or most likely drastically reduced remaining - good mortgage/loan assets left over
- likely insolvent again.

That's why in Cyprus - say - the balance sheet was say - book value £100
- when the bad loans/mortgages (assets) were stripped out - say £80
- they only has £20 worth of assets left.

Hence to make the books balance - they had to get liabilities down to £20

Wipe out the shareholders (banks liability)
- wipe out lesser bond holders (banks liability)
- 'mmm still not down to £20
- wipe out X% of uninsured - savers deposits (bank liability)
- etc
- lovely now down to £20

So how to make the books balance - steal the punters shareholder money - steal the punters bondmoney - steal most of the punters uninsured deposits.

Good Bank/Bad Bank - a good idea - for the punters ?

Re the good bank - backed by the savers ?
- the savers money - has already gone via fractional reserve - to the borrowers
- and the borrowers .(the bank assets)...went to - the bad bank
- so the good bank is left backed by........

As I say - one day I will get round to checking out the actual mechanics
- so don't rip into my thoughts apart too much
- they are just off the cuff thoughts on good bank/bad bank.....whilst cutting my grass :o)

Yours or anyone elses thoughts - on how they would balance the RBS/Natwest books welcome.

I recollect the Irish had to rope in the punters old age retirement pension fund - to back their bad bank........any volunterrs on stumping up their share here...on that one.

When they hived off N/Rocks - bad loans - they made the remaining good N/Rock bank books balance by - pumping in taxpayer cash - anybody fancy a tax hike to pay for that method.

The books must balance - and generally the sheeple end up paying for it...one way or another - indirectly thro' tax - or directly....the Cyprus way

The dominoes are starting to wobble - fed member
- questions Deutche bank solvency
- jim willie claims.... Barclays on the ropes

Anybody else remember

http://www.arabnews.com/barclays-boss-forgoes-bonus-qatar-deal-probed

The Financial Times reported that British authorities are looking into an allegation that
- Barclays
- lent Qatar money to invest in it
(as part of a rescue fundraising at the height of the 2008 financial crisis).

UK rules forbid a public company from giving financial assistance in order to acquire its shares or those of a parent company.

A Barclays spokeswoman said:
- “Both the FSA and SFO investigations are ongoing and,
as such, we are unable to comment further.”
- The FSA, SFO and Qatar Holding declined to comment.

And the outcome was..........?

If you are in trouble - and you write a cheque to someone - to give back to you
- net result....you are - still in trouble.

Co - op result of getting the "tap on the shoulder" - to pick up/bail out Brittania (Bogged down with around 25% MBS/Liar loan mortgages)

Lloyds got the "tap" re halifax...

And of course RBS/NatWest - never recovered from picking up - ABN-Amro's - big, big black hole.

Barclays only just ducked out of picking up....Lehman Bros.

Funny old game, if you are a Bankster - the punters/taxpayers are happy with MS T.V. tho'

(like in Greece - you can rob them blind - but the prime minister has been forced by public outcry - to........restore their national TV....recently switched off re austerity cuts :o)

You do realise that ICAP, like other IDB's , is a different business to banks right? It's the banks that are Icap's customers, not the general public.

"I rest my case."

And your case viz Icap was what exactly? Other than they're destroying AIM, for which you provided no evidence at all.

"I figure Icap are in deep do do."

Liquidity and thus commissions are down in some product areas, yes,but the online electronic systems are churning out money (without the need for expensive voice broking)

Whilst FY results, announced on 14th May weren't brilliant, they certainly were not the harbinger of Icap being in deep do do as you claim.

Operating profit1 308 372 (17)
Profit before tax1 284 354 (20)
PBT (statutory)2 66 217 (70)
EPS (adjusted basic) 3 33p 40.1p (18)
Ongoing free cash flow was £274m

They've just signed a large revolving credit facitlity.

Hence them stealing an RIE. For sure they & agents are behind the attempted destruction of AIM. Just like PLUS.

I'm not up to speed with this RIE theft and their destruction of AIM. Equities,as a business segment at ICAP, was not one I was aware of as I was under the impression they dealt primarily with money market instruments - namely FRA's, IRS,and Bonds/Bond options and other derivatives. Their equity exposure was via Equity options, and these most certainly would not have involved AIM stocks. They also pulled out of their Equity sales business last year (and this most certainly would not have been AIM stocks either)

Perhaps you could elaborate on your claim that ICAP is stealing a RIE, and that they're agents behind the destruction of AIM. Other than , of course, conspiratorial clap trap arising from your personal interpretation of the financial sector's antics.

FYG I'm Invested in Icap/TLPR so i know a large part of their businesses quite well. Every Inter Dealer broker however is different at the margins.

"Only AIM is & always has been a brand."

Aim is a pile of unregulated dross with far less stringent reporting requirements.

"So much for cameroons SMEs salvage operation. More like one for the boys club.. Do some research omce - get enlightened."

Now you're just talking absolute rot. I expected more of you frankly.

As it happens I've done plenty of research, in addition to working in the Financial services industry for 15 years, in Derivatives. So I suspect the only person needing to do some homework here in the search of enlightenment is yourself as you clearly have serious gaps in your knowledge!

"I'd say a small percentage of miners (juniors) will see the other side of this. If they're already listed with ISDX then lets see what happens."

I suspect it will be more than people expect, but fewer than we'd hope for. Aim is a busted market. Too many dubious characters , with no experience, set up companies and milk investors dry with little to show. Fair bet that many will never return to AIM.

"Personally I think it's shameful to destroy AIM - it's always been a part of the City. Shame on Michael for the greed. SMEs aren't wanted by cameroon & his non tax paying corporates.Have a think about it."

It's got bugger all to do with Spencer's greed. And you're just reaching with your claim that Cameroon doesn't like or want SME's.

You seem to have a beef with Cameron - I'm guessing you're not a Conservative voter and that's colouring any conclusion your draw vis the City and any Cameron involvement.

I presume both you,and your hubby are still paying UK national insurance whilst you're overseas enjoying earning in a low tax environment and enjoying the expat lifestyle?? (It's called Class 3 btw - I know because I paid it when working in Asia.)

Omce - probably best to read PMK bb thread on the other site. I WAS Pmk investor. Icap got our RIE extremely cheap. We voted against. Take a look at Icaps ISDX.

Theres no conspiracy. Sorry to hear you're invested in Icap - their sp has suffered also. Don't be fooled by Spencer. He's a tory rat.

The AIM destruction - a video was put out warning investors that after Pmk was lost "they" would go after AIM.

You're pretty defensive so I'd deduce you know alot more.

Icap in cahoots with banks - I rest my case.

Gold - bullion banks positioning to go long PMs.

Be careful out there.

"probably best to read PMK bb thread on the other site. I WAS Pmk investor. Icap got our RIE extremely cheap. We voted against. Take a look at Icaps ISDX."

Sorry but I can't be arsed to trawl through loads of conspiracy bullshit - I get enough of that on the GKP board. Please give me adetailed precis of why you think ICAP are going after AIM and how they are in it, as you claim, with the banks....

"Theres no conspiracy. Sorry to hear you're invested in Icap - their sp has suffered also. Don't be fooled by Spencer. He's a tory rat."

Oh dear oh dear, now you've your true colours. Guess you're a Guardian reader then from that statement.

I've made very good money in Icap over the years fyg.

As to your "Spencer,don't be fooled, he is a Tory rat" clearly you're a LibDem/Labour voter with biased opinions on the matter.

Having read your many of your comments on AGQ over the last two years you clearly are overwhelmed by conspiracy theories...most of which I can assure you are utterly wrong.

"The AIM destruction - a video was put out warning investors that after Pmk was lost "they" would go after AIM. Icap in cahoots with banks - I rest my case."

You haven't made a case though - so far you've just hypothesised with no factual evidence provided. Link to the video? Precis of this Pmk loss and ICap going after Aim?

You're pretty defensive so I'd deduce you know alot more.

Just realistic. And it's clear I know alot more than you with your BB conspiracy theories which are frankly laughable.


I also notice you didn't answer my question as to whether you'd be paying National Insurance still whilst working, as an expat, overseas in a low tax country. Most "Tory rats" do in fact still pay their NI(Class 3) despite not being obliged to. Seems those on the Left who hate the Conservatives so much don't have any principles!!!!!!!!

So do you pay your National insurance whilst enjoying your low tax expat life? As we all know you'll be using UK services going forward (eg NHS Tourism) despite not paying anything for the next few years....

Omce - its a huge subject & not possible to put on this thread. Read about 2 years worth of posts on pmk to get a full understanding of what went on. Large shareholders there are STILL there & now involved with PLMO - we kept our listing & changed names.

Investigations are ongoing.

There are no conspiracies. Just facts & some very dubious characters & alot of disgruntled valid shareholders. We voted on several issues & won. However the pmk thread will fill in much of the info.

Now - this is the gold thread & you are getting a tad aggresive so if you don't mind either tone it down with me or I won't discuss anything with you, which would be a shame.

I won't be bullied or intimidated.

PS - Not that it's any of your business our NI is being paid in full by dd. We have also done our P85 forms. We have also already paid 30 years of paye in the UK. On top of that neither of us have been to hospital or abused the nhs. Nor have either of us claimed any benefits - EVER..

I don't vote. Labour/Lib/Tory - makes no difference to me. They're all in it for themselves.

Refrain from being so aggresive with me Omce. Ty.

Now - this is the gold thread & you are getting a tad aggresive so if you don't mind either tone it down with me or I won't discuss anything with you, which would be a shame.

I'm sorry you believe I was being aggressive and trying to intimidate. I most certainly wasn't. Firm and factual, and avoiding any partisanship despite working in the financial services industry,at the front end,and, at one point, for a competitor or two of the IDB you complain about yes. I certainly wasn't being patronising however, unlike some of your responses but I chose not to make a point in that regard.

I won't be bullied or intimidated.

No one is trying to bully or intimidate you.I suspect however that this is a line you use with anyone who's opinions you disagree with. Frankel being a prime example. And I think you do yourself a disservice in his regard.

PS - Not that it's any of your business our NI is being paid in full by dd. We have also done our P85 forms. We have also already paid 30 years of paye in the UK. On top of that neither of us have been to hospital or abused the nhs. Nor have either of us claimed any benefits - EVER..

Well you make a big thing of Spencer being a Tory rat, and it's not unreasonable to assume that you frown on such"abuse of privilege & non adherence to one's obligations", as do many of a left wing political bent. I wanted to check because it amazing how hypocritical many self righteous Left wingers are!!!!

I don't vote. Labour/Lib/Tory - makes no difference to me. They're all in it for themselves.

I wholeheartedly agree with the above. That's why, for the last two years, I've voted UKIP - time for a change of the political establishment imo. New blood. New way of doing things. New priorities.

Omce - you make alot of assumptions about me.

Financial background myself.

I'll say no more than that.

Everyone makes assumptions Squirrel. In fact you did similar about me.

It's how we try to unravel the motivations behind people's opinion's on certain topics particularly when they reveal a certain political bent - eg Spencer,a Tory Rat. Making assumptions about Cameron's opinions of SME's etc etc.

This may be of interest - the link was posted over the road - Bernanke Slams Gold: Why The Smart Money Is Bullish

Omce - we possibly have more in common than you might wish..

As for political slant - it's a dangerous trap - then you end up buying the same newspaper everyday then you end up with stockholme syndrome.

Ukip may get my vote but I'm a little concerned about the "racist" card - whether Nigel is playing that card for the muslim haters I don't know. It's only ever about the number of votes - ever.

I read all spectrums of info - the accepted establishment info aswell as the none msm narratives. It's good to get a wider view and then use ones own filter mechanisms. What I won't tolerate are repeatedly unfounded commentary that only seeks to do damage. Therein lays your agendas.

When you hurt me - you hurt yourself more. Sit on that phrase for just a while.

I'm an investor. I believe with a growing global population everything will become more expensive as demand rises & supplies diminish or become more difficult to source. I don't think the world will end nor do I believe we will be put through another 1930 depression - far far more people would die than did back in the 30s.

I think many equities will see higher highs, that gold & silver will go sky high. I also think at least one power house (something in the finance sector) will fail - badly.

I majoured Economics & Maths & worked in the City which as a woman was a tough call but I climbed the ladder & did 12 hour days.

I remember it was a woman who said 2008 crash would happen & I was fortunate enough to meet her through a friend. No names on here.

But also like Gaz I did woodwork & metalwork at school - made a magazine rack & a screwdriver. :-o

What should we do about the planned devaluation of the £?
What should we do about getting more affoirdable energy to every household in the UK?

Gold bounced already & now bloomers are discussing coffee!

Skinny - good link. Shall we share it on the other site?

I posted the full article over there.

Keep it coming. We have actually bounced and the silence from the msm is......deafening.

Its from a thread over there.

ok - well done. Trying to share info on both sites - to keep it fair. It's just the links don't work over there - really annoying but it's their new policy.

Much more interesting when you can embed videos, share charts and have links to a variety of opinion.

Yes - I'm sure they have their (commercial) reasons!

Skinny - it's a shame really. Could lose posters who contribute a lot. Reasoned and intelligent commentary is much needed everywhere.

Omce - we possibly have more in common than you might wish..

I'm not fussed whether you do or don't.

As for political slant - it's a dangerous trap - then you end up buying the same newspaper everyday then you end up with stockholme syndrome.

I find the best way around that problem is to not buy an paper at all :)
Tend to use Newsnow.co.uk as information source.

Ukip may get my vote but I'm a little concerned about the "racist" card - whether Nigel is playing that card for the muslim haters I don't know. It's only ever about the number of votes - ever.

Talking about Immigration and implementing proper controls isn't racist - every other nation, whether it be Canada, OZstralia, Brazil, China, Turkey have immigration controls that are policed. Quotas are set. All for simple reasons. Unfettered open doors policy is not conducive to social harmony, let alone the impact it has on housing affordability, congestion, schooling and health availability.

Methinks you've become overly concerned with both the Left's and Tory's anti UKIP propaganda.

I read all spectrums of info - the accepted establishment info as well as the none msm narratives. It's good to get a wider view and then use ones own filter mechanisms.

Including the loons at the fringes? I briefly listened to Max Keiser - he's simply so far off piste it's amazing.

What I won't tolerate are repeatedly unfounded commentary that only seeks to do damage. Therein lays your agendas.

I don't think I've made any repeated unfounded commentaries about anything....although I'd humbly suggest that you yourself do with your

"eg Spencer,a Tory Rat. Making assumptions about Cameron's opinions of SME's etc"

Have you met him? Do you know him?

When you hurt me - you hurt yourself more. Sit on that phrase for just a while.


?

I'm in investor. I believe with a groiwing global population everything will become more expensive as demand rises & supplies diminish or become more difficult to source. I don't think the world will end nor do I believe we will be put through another 1930 depression - far far more people would die than did back in the 30s.

Similarly I'm a LTBH, not one of these fly by night margin traders. And yes, I agree with an ever increasing global population the price for basic resoources amongst other things will continue to rise.

I think many equities will see higher highs, that gold & silver will go sky high. I also think at least one power house (something in the finance sector) will fail - badly.

Hmm not sure. On the plus side, continued QE will underpin low interest rates and the continual search for yield(underpin Equities somewhat). However the very thought of tapering, likely to start in December , has led to recently volatility and steep falls in those very assets one is expecting to provide yield and relative safety.

Inflation is working its way through the system and like yourself I expect it to feed through, at some point , into PM prices. Like yourself no doubt I'm amazed at God and Silver falling as low as they have despite nothing changing - national debts are huge and increasing. No way Western Europe, japan or USA can pay those off.

As to large financial institution failing -rumours of Deutsche in trouble continue unabated. just hope it isn't HSBC or JPm, otherwise we are all in dire trouble.

I majoured Economics & Maths & worked in the City which as a woman was a tough call but I climbed the ladder & did 12 hour days.I remember it was a woman who said 2008 crash would happen & I was fortunate enough to meet her through a friend. No names on here.

Was it a woman who predicted the 2008 crash? there seem to be plenty of men claiming that title - Dr Doom amongst others.

What should we do about the planned devaluation of the £?

Tough one - as all currencies are in a downward trend.Even CHF.
Will Gold and Silver be the hedge, who knows frankly.


What should we do about getting more affoirdable energy to every household in the UK?

I'd suggest getting rid of the Green tax subsidy charged directly to one's electric bills for starters. Windmills, Solar, they simply aren't efficient enough. We need to focus on increasing "Generation" capacity as a combination of ageing power stations being closed, thus impacting supply is coinciding with the country's population is growing. Not a good position to be in.

There's been too much focus on going green, taxing UK consumers and business to fund less efficient Eco friendly power generation, the result of which is a supply crisis a few years down the road. If you think prices are high now, wait till then when we are completely reliant on imports.

Gold bounced already & now bloomers are discussing coffee!

Gold down $50 to 1301.5

How many gold miners are unprofitable at this level?

Those with lowish production costs@
MML, CEY, HGM.

Like of POG,Hoths must be losing hand over fist given their B/E are 1400-1450 odd/oz

Don't forget " the Group (POG) has entered into hedging arrangements to sell 96,000 ounces of gold over a period of three months ending in June 2014 at an average price of US$1,408 per ounce. This represents approximately 55% of the Group's forecast production for the period."

Thanks Harry. I wasn't aware of that as I don't follow POG.

Omce - agree with all you've written in your last post. I haven't been taken in by negative UKIP commentary - he did say something in Scotland I believe?

It was definitely a woman that called the 2008 crash :-)

On energy - was wondering about our shale reserves? Can we tap in to that - I'm thinking of when I become a pensioner myself and don't want to freeze to death :-) as our house is in the UK and I doubt we would ever sell up.

Harry - that's interesting. Could see quite a bounce in gold then? Although some are calling the 27th June as a pivotal date? Not sure why so don't shoot the messenger. I'll try to find more on that.

Omce - no need to be so harsh - you don't care whether we have anything in common or not. Try not to be so hard?

Omce - agree with all you've written in your last post. I haven't been taken in by negative UKIP commentary - he did say something in Scotland I believe?

Did you see the reception he received in Scotland. Disgraceful. And mostly by subsidised students who should be studying and not protesting!!!!

It was definitely a woman that called the 2008 crash :-)


Evidence? Other than you claiming it was so. I did a google search and got Dr Doom(Roubini) amongst others. No sign of this woman.

There was this lady who predicted black monday,1987.

"While working as a stock analyst at Shearson Lehman, she became known for predicting Black Monday, the stock market crash of 1987. "


On energy - was wondering about our shale reserves? Can we tap in to that - I'm thinking of when I become a pensioner myself and don't want to freeze to death :-) as our house is in the UK and I doubt we would ever sell up.

Yep Shale is an interesting angle to pursue and,like the US, is something we should be looking into with renewed vigour.

Omce - no need to be so harsh - you don't care whether we have anything in common or not. Try not to be so hard?

Sorry - My comment was in regard to the irrelevance of "the extent to which we had something in common might be against my wishes" not whether we actually had anything in common or not :)

Omce - ok. Can't name the woman for privacy reasons - honestly. BUT she was bullish gold - for the longer term. She was also living outside the UK at the time.

My family know quite a few of the UKIP MPs - we are listening hard. Everyone is in work so we have a total belief in making the UK a stronger better place where a work ethic is top of the list. We'll be back by election time in any case.

I'd support shale - not just by writing more about it - I'd actually make the investment with hard cash as I believe we need to do this for the greater good of the British citizens going forward.

We will be old one day! :-(

OMCE - I've had another poster tell me to look at MML. Got the figures etc. I noted you mentioned that one. Will take a look.

Making the UK a stronger better place where a work ethic is top of the list.

That's going to be tough given the prevalence of welfarism being more lucrative than getting out of bed to do an average paid job. Plus you get to lie in, avoid congested travel,and can do what you want rather than what someone else tells you to do.

Inculcating a work ethic is a necessity.

We'll be back by election time in any case.

Just in time for a Labour government and more of the above coupled to rising taxes to pay for it all!

I'll be emigrating in that event. As I did last time Labour won in 1997 only returning when it was clear Labour must surely be heading out of office.

I'd support shale - not just by writing more about it - I'd actually make the investment with hard cash as I believe we need to do this for the greater good of the British citizens going forward.

Agree. Centrica see value as well with their investment in Cuadrilla. The other shale play is IGAS. Am looking to take a nibble at some point. Own Centrica so have exposure that way.

We will be old one day! :-(

That's what everyone forgets! :)

All hinges on production figs coming up. Everyone wondering how they will meet their guidance given last three quarters production numbers.And that's a reduced guidance as it is!!!!

Tempted to have another nibble myself.

CME Hikes Gold Margins By 25%

How very unexpected.
- And how, judging by today's massive selloff,
- it is almost as if someone knew in advance this would happen :o)

Can JPMorgan just get back to restocking its vault with whatever gold it needs to meet its massive delivery demands (at three year low prices)
- so some normalcy can return to the market?

The beginnings , no doubt, of more closures to come....

"Golden Minerals suspends production

http://www.gata.org/node/12707

GOLDEN, Colorado -- Golden Minerals Co. announced that it has suspended operations at its Velardena mine as of June 21, 2013, in order to conserve the asset until operating plans and prices for silver and gold indicate a sustainable cash margin for operations."

o
the summer solstice often produces lows and highs in the markets.i dont know why but it does seem so.your temptation to have a nibble may prove fruitful short / medium time or maybe even long term had you waited but one more day.
for chartists we have a major high descending triangle top pattern(dyor) that confirmed when price broke down through the 1520sh support level giving a target level, based upon chart pattern of 1120sh. current price is1296 having made a low of 1269.
the longer a high takes to form its chart pattern and then confirm it, the stronger it is, this chart pattern took from sept 2011 to april 2013 before it confirmed,
little wonder then that some analysts are suggesting that gold is in a bear market, whilst others may disagree.
we have a lot of long term support at current levels(dyor) so a bounce back to 1520sh may not be out of the question.
just my observations based upon chart movement.
please dyor on chart patterns and their expectations etc. and good luck
regards
jkd

Jkd - ty. Someone said something about gold settlements at end of month at 1420?

So how would that impact pog?

Was it agreed (hedged) at that price.

? They have to settle at that price.

Someone's got caught out or not?

Not long to find out.

Someone mentioned 27th June 2013!

when did they say this?
It is not 27th June 2013!

Last week - I'll try to find the link. Might be on the other site.

its a bit quiet on this thread.
why so?
regards
jkd

It seems gold is sparse now. I suppose we should ask why is gold so sparse?

Full page article in The Times on Saturday on why gold is a busted flush , followed today with small piece in business section editorial essentially saying the same thing though saying the fall is the volatile market shaking the "fast" money loose.What gets no mention is the "contradictory" upsurge in physical demand at these prices current prices.
Added my own small contribution to that getting some sovs from HGM for £191 this week.Seeing them below £200 was too much of a temptation.
Their stocks have been very limited for weeks - and I have noted that each day they seem to sell nearly all stock.
Obviously Im not the only idiot.

Glyn - we sit on the other side of 2013 now. H2 - I like it much better. Things are definitely going to heat up and for many reasons PMs are going to fly much higher. I love my gold - totally and won't be selling it for a very long time. Got some beautiful pieces of jewellery plus bars. BUT I honestly think silver will be the magic wand - the ratio to gold will be astounding I feel.

It's high time too.

I'll try to find a gold:silver ratio chart for the top of the thread. It could be a fascinating thing to watch.......

This is an interesting video:

The Alphabet vs. The Goddess Lecture by Dr. Leonard Shlain

http://www.youtube.com/watch?v=2QQuD62RxrU

Another interesting video:
http://www.youtube.com/watch?v=QuANDlrTHyI

Flyingswan - just watched the first video. Thank you - it confirms so much for me. Not least that my instincts & intuition are my best friends. I needed that. What a brilliant surgeon.

Have you given up squirrel?

Given up on what?

Victoria Grant - Public Banking 2013: Funding the New Economy, June 3rd 2013:
http://www.youtube.com/watch?v=GoooTyA6aJg

On this thread.

Max - still here. Sometimes we just have to sit & hold on.

Indeed squirrel, but where have all the punters gone?

Not just here, the other side is knackered too!

Good. Maybe we enter a new phase of real investors.

Like - really rich ones ;-)

DeutscheBank comment today:
"The market response to the publication of the FOMC minutes, and to statements by Fed Chairman Bernanke, saw gold not only overtake our key bullish trigger point, but saw it run almost immediately to the initial target just short of $1300. The latest guidance from the US central bank suggested some considerable polarisation between members of the FOMC about the pace and start date of tapering. If the polarisation is along voting lines – voting members more dovish than non-voters – as some commentators have already mooted, then markets may have overestimated the likelihood of reduced asset purchases starting already in September. Chairman Bernanke’s statement also downplayed the recent US jobs numbers, which he said over-flattered the employment situation, and expressed some concern about the low level of inflation. The Fed is falling short on both its targets, he conceded, and this ought to imply more accommodative policy. So the Fed has re-confirmed that, like every other major central bank in the world, it will maintain its low-rate policy for an extended period. The timing and pace of any tapering has also been pushed back. The boost to the gold price in response to the prospect of more printed money has to be tempered by the recognition that other asset prices might rise too. Over the first half of the year, much of the discontent in the gold market came from investors who saw stock market returns massively outpace those in the precious metal. Nonetheless, we do see the prospect of further gold price gains now to 1332.00 and then to 1350.00 (tougher supply). To the downside, we see the 1257.00/64.00 zone as representing very robust demand."

GATA's Bill Murphy on the Manipulated Gold Drop: 2 minutes in.

http://www.youtube.com/watch?feature=player_embedded&v=5bNppj3_QXI