Best Of The Best Share Discussion Threads

[elmfield] 17/10/2011 13:16

I just wanted to point out that sometimes we can all get it wrong!

[chestnuts] 17/10/2011 13:14

elmfield

I just buy and hold, untill my shares or Gold and silver become over priced and at the moment i still hold all of them. But i do take an interest in cycles and prices related to tops and bottoms on gold.

[elmfield] 17/10/2011 13:06

Every body can be wrong at this game.

[chestnuts] 17/10/2011 12:56

Also i will add that a pull back on gold to 1587 looks a likely target.

[chestnuts] 17/10/2011 11:13

Trader

I am pleased with your conversation with the trader on the plane, the trouble is he is very young and will have not used history of what can and most likely will happen, if you had said he was bullish on gold i would have been worried

[chestnuts] 17/10/2011 11:09

Nayan

Gold

Its difficult to say gold is going up or down, but i do have a very significant cycle which ends on the 15th March, which is a 44yr cycle and also a 3.39yr cycle (which started on the 24th Octo 2008) also there is a 79 yr cycle ending next yr in April/ May which also goes in tandem with maybe a dow to gold ratio (but i am not sure wether i believe that the dow and gold will go 1 to 1 at a low number).
So saying all this i think gold will have a top next yr ( not the top)

What else do we know the length of the wave from 681 to 1921 was 1240 long this is using ig so most likely less than this so could be 1238, now 1238 is the same number of days as 3.39yrs.

The bottom was 1532 divide this by 1238 = 1.2379 so see the relationship.
If we take 254 (bottom in 1999) from 1532 you get 1278 square root this you get 79.
With this in mind yes 1532 could well be the bottom.

So then we will look at the time essence, In 1979 gold bottomed on the 8th Octo at 361 it then made a small triangle and then the price took off up to 876, this took 105 days which is a pattern right through the gold chart and is related to 3.142, now upto present day from the 26th of Sept to 15th March which is my top in gold is 170 days which is 162 % of 105, and going back to 1979 the triangle lasted 23.6% of 105, now it may or not follow a simmiliar time frame in % terms and if it does then around the 5th of Nov could be a breakout day.

[traderabc] 17/10/2011 09:40

I was on a flight to the UK yesterday and by strange coincidence I was sat next to an equities analyst working for a major European bank, a youngster in his mid 20s, who had been laid off in 2008 and then re-hired by the same firm in 2010.

I chatted with him for the entire flight, and got a glimpse into what the 'city boys' are thinking with regard to the markets.
Like most of us, he is nervous, but his belief in paper assets was still very much intact, he thought equities are going to retest their recent lows, then rally. He liked the auto sector, the Chemical sector, food industrials, and technology amongst others.

To my relief he had never heard of Jim Rogers, Schiff or Ron Paul.
It was gratifying to hear how much he clung to a 'conventional' beliefs with regard to most economic matters.

Naturally I tried to offer my somewhat 'alternative view' of the markets, needless to say we won't be keeping in touch.

[traderabc] 17/10/2011 08:46

navyan, has something has changed with with gold? I thought the jury is still out on this one. Your screen-shot Elliot wave prediction is another bold one, straight back up tp $1900 would be very nice, but not that likely imo.

I was guessing it may take quite a long time to test the highs again, it's the retesting or piercing of the lows that worries me atm. I'd be satisfied with sideways consolidation, retesting of the highs strikes me as a scenario that is almost too good to be true.

Anyway, I'm glad you've had a change of heart regarding the pm complex, this time round I hope you're right!

[navyan] 15/10/2011 23:40

I quite like this wave count. if it is correct, it would be a good indication of the price of Gold also just completed the 4th wave and starting the final leg up as per the above post.

[navyan] 15/10/2011 21:37

well done for holding onto GOLD trader.

as the price is holding up well, so I am looking at a alternative wave count on GOLD. expect an immediate surge for a possible 3rd wave. This will be invalid when it goes below 1596.

[049balt] 14/10/2011 16:04

I think the future price of farmland will be dictaded to a large extent by how much money the banks are prepered to lend, unless the credit market improves land prices will be slow to advance!

[049balt] 14/10/2011 13:41

More sweet music!

[traderabc] 14/10/2011 00:07

Keiser Report: Dog & Pony Show (E196)

[traderabc] 13/10/2011 14:01

Gerald Celente

mp3

[traderabc] 13/10/2011 13:32

Nigel Farage: United States of Europe insane politics

[tenapen] 13/10/2011 08:21

Thanks for that Fieldhouse, Farming as to be the biggest closed shop as it is passed down through the generations and with such good profit to be had i doubt many farmers would be selling prime holdings. And yous get paid European subsidies for everything. What a job :-). Glad i am invested in Agri companys.

Regards.

[049balt] 12/10/2011 20:10

fieldhouse, I am also a farmer and this is a great place to be if you want to be informed about what is happening in the world today and of course tomorrow.

[traderabc] 12/10/2011 10:08

Nobel Prize Winning Economist Who Supports Wall Street Protests SLAMS the Federal Reserve


Washington's Blog
October 11, 2011

High-Level Economists Support the Protests

[traderabc] 12/10/2011 09:34

Hi fieldhouse, the 3 forms of production you mention could be described as one.
For instance, agriculture is 'manufacture' of food, mining the manufacture of metals etc, and manufacture itself the production of goods.

So basically production is the foundation of an economy.

I'm relieved to to hear your sons had the good sense and no doubt the good guidance to step into the family business as opposed to running off to the city to become hedge fund managers or the like. Farmers are the lifeblood of humanity, as Rogers says, you guys are the future and those hedge fund jockeys the past.

I suspect the armies of bureau-rats will fade away when their respective economies that can no longer afford them, their pensions will probably be devastated by inflation.

What worries me is that they will drag us all into war to avert attention from the root causes of the economic collapse(the central bankers) and the oncoming poverty that will result.

War appears to be their solution to anything and everything, of course war is just one of the many ugly symptoms of failing economies. It destroys capital and can only make us even poorer as a whole. They lie when they say anything otherwise.

If you can find the time some comments about what you produce and the changes in prices would be interesting. Are agricultural land prices still going up at steady 45 degree angle where you operate?

[fieldhouse] 11/10/2011 23:08

traderabc,keep having a look in here.
I'm a farmer and my two sons are now running the business.For years our industry was too successful and overproduced.Production has now levelled out and 7 billion people need feeding.
I have been telling my sons that real wealth can only be produced in 3 ways
Agriculture
mining
manufacturing.
All other employment is service industry and ultimately depends on the first three pillars.
Yes, i am excited and look forward to my sons years in farming.
I think that within the EU we have more govt officials and rule enforces than farmers.A bit like the army and navy etc.More chief of staff than ships ,tanks and aircraft.
Funny old world

[traderabc] 11/10/2011 23:03

Keiser Report: Ground Zero of Financial Terrorism (E195)

[traderabc] 11/10/2011 22:47

Cheers Ten


"CptnMidnite Responds To Glenn Beck" End the Fed / Occupy Wall Street