morekaos_IHB
New member
[quote author="upperlowerclass" date=1233363968]TO THE MOOONN!!</blockquote>
Not so much
Not so much
Gold
- Thread starter ABC123_IHB
- Start date
NEW -> Contingent Buyer Assistance Program
morekaos_IHB
New member
[quote author="WINEX" date=1233719902][quote author="morekaos" date=1233719604][quote author="upperlowerclass" date=1233363968]TO THE MOOONN!!</blockquote>
Not so much</blockquote>
But still a great indicator of sentiment.</blockquote>
Minute by minute fear then greed
Not so much</blockquote>
But still a great indicator of sentiment.</blockquote>
Minute by minute fear then greed
morekaos_IHB
New member
I have been buying TIPS since December for many of the same reasons
macinthebox_IHB
New member
[quote author="morekaos" date=1233788125]I have been buying TIPS since December for many of the same reasons</blockquote>
What is TIPS?
What is TIPS?
morekaos_IHB
New member
[quote author="MacInThebox" date=1233808968][quote author="morekaos" date=1233788125]I have been buying TIPS since December for many of the same reasons</blockquote>
What is TIPS?</blockquote>
Treasury Inflation Proteced Notes..Old article but you get the drift
<a href="http://www.businessweek.com/magazine/content/05_33/b3947136_mz070.htm">Hot tip, buy TIPS</a>
What is TIPS?</blockquote>
Treasury Inflation Proteced Notes..Old article but you get the drift
<a href="http://www.businessweek.com/magazine/content/05_33/b3947136_mz070.htm">Hot tip, buy TIPS</a>
upperlowerclass_IHB
New member
[quote author="MacInThebox" date=1233808968][quote author="morekaos" date=1233788125]I have been buying TIPS since December for many of the same reasons</blockquote>
What is TIPS?</blockquote>
The fox gaurding the hen house
What is TIPS?</blockquote>
The fox gaurding the hen house
awgee_IHB
New member
[quote author="upperlowerclass" date=1233816686][quote author="MacInThebox" date=1233808968][quote author="morekaos" date=1233788125]I have been buying TIPS since December for many of the same reasons</blockquote>
What is TIPS?</blockquote>
The fox gaurding the hen house</blockquote>
The fox determines the index.
What is TIPS?</blockquote>
The fox gaurding the hen house</blockquote>
The fox determines the index.
morekaos_IHB
New member
[quote author="awgee" date=1233820467][quote author="upperlowerclass" date=1233816686][quote author="MacInThebox" date=1233808968][quote author="morekaos" date=1233788125]I have been buying TIPS since December for many of the same reasons</blockquote>
What is TIPS?</blockquote>
The fox gaurding the hen house</blockquote>
The fox determines the index.</blockquote>
But the market determines the spread. These things were priced to sell in December. In essence there was no spread reflecting ANY furture inflation. TIPS purchased then are showing a 10% gain in the last month as the spread now widens. I'll take that.
What is TIPS?</blockquote>
The fox gaurding the hen house</blockquote>
The fox determines the index.</blockquote>
But the market determines the spread. These things were priced to sell in December. In essence there was no spread reflecting ANY furture inflation. TIPS purchased then are showing a 10% gain in the last month as the spread now widens. I'll take that.
upperlowerclass_IHB
New member
Woohoo Gold up 15, and miners keep closing the gap. Managed to capture 30% of that this year so far, still plenty more room to run for the miners.
morekaos_IHB
New member
Fear, and greed never last. This is flat out panic
<a href="http://www.ft.com/cms/s/0/359da604-f6d4-11dd-8a1f-0000779fd2ac.html">Bullion sales hit record in rush to safety</a>
Investors are buying record amounts of gold bars and coins, shunning risky assets for the relative safety of bullion amid renewed fears about the health of the global financial system.
<a href="http://www.ft.com/cms/s/0/359da604-f6d4-11dd-8a1f-0000779fd2ac.html">Bullion sales hit record in rush to safety</a>
Investors are buying record amounts of gold bars and coins, shunning risky assets for the relative safety of bullion amid renewed fears about the health of the global financial system.
upperlowerclass_IHB
New member
<img src="http://ocw.mit.edu/NR/rdonlyres/4D9CB8F4-AA0E-4FCD-92C2-275836C4862C/0/chp_rocket.jpg" alt="" />
BondTrader_IHB
New member
Gold coin sales by the US mint (the American Eagle) soared to 92,000 ounces last month, a 4-fold surge from a year ago. And last
month?s inflows of 105 tons into gold-back ETFs (to an all-time high of 1,317 tons) broke last September?s former record of 104 tons ? absorbing half of global mined output in January. Not only is the demand for ?safe-haven? investments like gold on the rise, but global production has fallen 4% in the past year. Fiat currencies in most of the industrialized world are seeing their supply rise at double-digit growth rates while the supply of gold is declining. This is merely Econ 101 ? supply down; demand up equals ... higher prices.
month?s inflows of 105 tons into gold-back ETFs (to an all-time high of 1,317 tons) broke last September?s former record of 104 tons ? absorbing half of global mined output in January. Not only is the demand for ?safe-haven? investments like gold on the rise, but global production has fallen 4% in the past year. Fiat currencies in most of the industrialized world are seeing their supply rise at double-digit growth rates while the supply of gold is declining. This is merely Econ 101 ? supply down; demand up equals ... higher prices.
Adam_IHB
New member
awgee and BV,
Both of your opinions are highly valued. Gold has been on such a tear lately and a guy can't even turn around without listening to a "sell your gold" commercial every 30 seconds. On top of that CNBC is claiming gold at $1,000 will be some sort of media event--you know that familiar fevered pitch before a sudden drop. In your opinion, how does a retracement back to $750 feel after topping $1,000? Is there another drop on the way or will the buyers just continue to plow ahead?
Mish had a write up on gold today and someone in the comment section posted this write up from www.jsmineset.com:
<blockquote>Where Do All The Gold ETFs Get Their Bullion From?
Posted: Feb 12 2009 By: Jim Sinclair Post Edited: February 12, 2009 at 8:06 pm
Filed under: General Editorial
Dear CIGAs,
Don?t you think it is about time GLD and all the other popular international gold ETFs told its owners exactly what kind of gold they claim to own?
Can you imagine a situation where a person buys a gold ETF to own ?non-gold? but finds out that they in reality own OTC derivatives on gold? That would be an investment in the same type of financial instrument (not gold) that one owns gold bullion to protect against.
The failure to unearth the Madoff scandal becomes incredible when one understands that the returns from the market claimed on the size of the hedge fund were logically impossible.</blockquote>
I'm almost salvating at profiting from a possible derivatives blow up here. Am I nuts? I need someone to slap me if I'm out of line here. Thanks.
Both of your opinions are highly valued. Gold has been on such a tear lately and a guy can't even turn around without listening to a "sell your gold" commercial every 30 seconds. On top of that CNBC is claiming gold at $1,000 will be some sort of media event--you know that familiar fevered pitch before a sudden drop. In your opinion, how does a retracement back to $750 feel after topping $1,000? Is there another drop on the way or will the buyers just continue to plow ahead?
Mish had a write up on gold today and someone in the comment section posted this write up from www.jsmineset.com:
<blockquote>Where Do All The Gold ETFs Get Their Bullion From?
Posted: Feb 12 2009 By: Jim Sinclair Post Edited: February 12, 2009 at 8:06 pm
Filed under: General Editorial
Dear CIGAs,
Don?t you think it is about time GLD and all the other popular international gold ETFs told its owners exactly what kind of gold they claim to own?
Can you imagine a situation where a person buys a gold ETF to own ?non-gold? but finds out that they in reality own OTC derivatives on gold? That would be an investment in the same type of financial instrument (not gold) that one owns gold bullion to protect against.
The failure to unearth the Madoff scandal becomes incredible when one understands that the returns from the market claimed on the size of the hedge fund were logically impossible.</blockquote>
I'm almost salvating at profiting from a possible derivatives blow up here. Am I nuts? I need someone to slap me if I'm out of line here. Thanks.
jbenko_IHB
New member
I know nothing about gold Adam. I'm trade equities. In general I think gold will continue to go up in value as our government prints dollars like its out of style. I can look at the charts, and determine based on technical analysis what its going to do, but awgee is your guy for gold.
If you want to know how to steal money from those trading Cisco Systems...let me know, it's easier than sleeping.
If you want to know how to steal money from those trading Cisco Systems...let me know, it's easier than sleeping.
upperlowerclass_IHB
New member
<img src="http://www.goldseek.com/news/LemetropoleCafe/images/2006/08.01.2006/2.JPG" alt="" />
gold 952, hopefully a massive down day in the market tomorrow won't rain on my gold miners parade.
gold 952, hopefully a massive down day in the market tomorrow won't rain on my gold miners parade.
BondTrader_IHB
New member
<strong>How are gold and dollar rallying at the same time?</strong>
How is it exactly that gold can go up AND the dollar be a strong currency at the
same time? Well, the answer is that they both can rally for exactly the same
reason ? both are viewed as a ?safe haven? in an increasingly unstable world.
That is how. The proof of the pudding is in the eating ? last year, which was a
turbulent economic and financial market year, the gold price rose 5.2% (quite a
performance in view of the 24.3% collapse in the CRB index) despite the tradeweighted
dollar firming by 9%! Need more evidence? Go back to 2001 ?another
year of financial, economic and geopolitical turmoil ? the dollar rallied 5.2% and
guess what? Gold finished the year with a 2% gain, which doesn?t sound great,
but it was in the context of a 17% slide in commodity prices and a 14% decline in
the equity market.
How is it exactly that gold can go up AND the dollar be a strong currency at the
same time? Well, the answer is that they both can rally for exactly the same
reason ? both are viewed as a ?safe haven? in an increasingly unstable world.
That is how. The proof of the pudding is in the eating ? last year, which was a
turbulent economic and financial market year, the gold price rose 5.2% (quite a
performance in view of the 24.3% collapse in the CRB index) despite the tradeweighted
dollar firming by 9%! Need more evidence? Go back to 2001 ?another
year of financial, economic and geopolitical turmoil ? the dollar rallied 5.2% and
guess what? Gold finished the year with a 2% gain, which doesn?t sound great,
but it was in the context of a 17% slide in commodity prices and a 14% decline in
the equity market.
BondTrader_IHB
New member
See chart attached
Some perspective
Who would have thought that (i) the peak for the S&P 500 so far, for the year
would have been January 6th (at 934.7) and that we would be down 16% since or
(ii) the market would be off 13% year-to-date whereas at this same point in 2008
it was down 8%. As we have said time and again, we like gold because (i) it is a
hedge against global instability (oh yes ? see ?Buy American Policy Now Low as
Critics Fear Global Reaction? on the front page f the IBD); (ii) it is a hedge against
deflation since that condition triggers financial market setbacks and (iii) it is
inversely correlated to global short-term interest rates and there is a race right
now towards 0% (Taiwan just cut 25 bps to 1.25%). Bullion is trading at a 7-
month high and for good reason: it?s called supply and demand. Production is
down 4% YoY while fiat currencies globally are being created at a double digit
rate by the world?s central banks, and we see that according to the World Gold
Council, even with the recession in India, gold demand soared 26% YoY in the
fourth quarter (to 1,036.5 metric tons from 821.8 tons a year ago). There has
been a round of profit-taking this morning but you do not have to be a chartist to
know that this is a significant bull market. And as for all the talk of a ?gold bubble?,
it would take a nearly 625% surge in gold to over $6000/oz and a flat stock
market to actually get the ratio of the two asset classes back to where it was three
decades ago when in fact, bullion was in an unsustainable bubble phase.
<fieldset class="gc-fieldset">
<legend> Attached files </legend> <a href="http://www.talkirvine.com/converted_files/images/forum_attachments/254_4cF3Uu5rEbdk1MlXfz5R.jpg"><img src="http://www.talkirvine.com/converted_files/images/forum_attachments/254_4cF3Uu5rEbdk1MlXfz5R.jpg" class="gc-images" title="SP32-20090218-085439.jpg" style="max-width:300px" /></a> </fieldset>
Some perspective
Who would have thought that (i) the peak for the S&P 500 so far, for the year
would have been January 6th (at 934.7) and that we would be down 16% since or
(ii) the market would be off 13% year-to-date whereas at this same point in 2008
it was down 8%. As we have said time and again, we like gold because (i) it is a
hedge against global instability (oh yes ? see ?Buy American Policy Now Low as
Critics Fear Global Reaction? on the front page f the IBD); (ii) it is a hedge against
deflation since that condition triggers financial market setbacks and (iii) it is
inversely correlated to global short-term interest rates and there is a race right
now towards 0% (Taiwan just cut 25 bps to 1.25%). Bullion is trading at a 7-
month high and for good reason: it?s called supply and demand. Production is
down 4% YoY while fiat currencies globally are being created at a double digit
rate by the world?s central banks, and we see that according to the World Gold
Council, even with the recession in India, gold demand soared 26% YoY in the
fourth quarter (to 1,036.5 metric tons from 821.8 tons a year ago). There has
been a round of profit-taking this morning but you do not have to be a chartist to
know that this is a significant bull market. And as for all the talk of a ?gold bubble?,
it would take a nearly 625% surge in gold to over $6000/oz and a flat stock
market to actually get the ratio of the two asset classes back to where it was three
decades ago when in fact, bullion was in an unsustainable bubble phase.
<fieldset class="gc-fieldset">
<legend> Attached files </legend> <a href="http://www.talkirvine.com/converted_files/images/forum_attachments/254_4cF3Uu5rEbdk1MlXfz5R.jpg"><img src="http://www.talkirvine.com/converted_files/images/forum_attachments/254_4cF3Uu5rEbdk1MlXfz5R.jpg" class="gc-images" title="SP32-20090218-085439.jpg" style="max-width:300px" /></a> </fieldset>
freedomCM_IHB
New member
What about platinum?
When people were talking about it last month, I thought no way it would stay so low, comp to gold, so I made a fantasy trade and bought a lot (in my imagination only) at $875. I think it is about $1100 right now.
too bad I lack the balls to do it in RL
When people were talking about it last month, I thought no way it would stay so low, comp to gold, so I made a fantasy trade and bought a lot (in my imagination only) at $875. I think it is about $1100 right now.
too bad I lack the balls to do it in RL
biscuitninja_IHB
New member
I sold my two silver bars... thank god. I just dropped out of gold also, now I just need to get rid of the small platinum bars. I did purchase at 899 and ounce. The silver was purchased at something like 10.90. The platinum was purchased at about 920. I am keeping a few ounces of platinum and gold for jewerly work (and also as something liquid).
we will see.
-bix
we will see.
-bix