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.

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?