Wt Phys Gold � Discussion Threads

[mctmct] 28/4/2010 10:54

A new high. This will go higher until after the German elections (at least)

[notanewmember2] 27/4/2010 18:28

A little cup and handle, we'll see £775 if we get a weekly close above £750.

[notanewmember2] 02/3/2010 19:02

OK target hit already in one day doh

[notanewmember2] 01/3/2010 17:13

Daily close breakout. Gold is telling us £ is in trouble.

Next stop 7500 pts.

[notanewmember2] 27/2/2010 07:47

Cup handle

[fortyfive] 09/2/2010 15:50

well , good question. I've just cashed in my SIPP and am starting another and will have some cash soon. Reckon I'd rather be in PHGP than £ over the election period.

[traderabc] 04/2/2010 12:51

Good Call 45, that was the time to sell, the big question now is when is it time to buy back in?

[fortyfive] 03/12/2009 15:45

Time to sell? Just wondering if Gold will keep going over Xmas/New Year and then drop a bit, or drop now. Either way seems ready for a pull back in the short term.

[fortyfive] 24/11/2009 14:05

Still going up, take your point dasv. I'm expecting some ECB action against the rise in the euro at some stage.

[dasv] 13/11/2009 10:28

watch out for deleveraging of carry and commodity trades though - e.g. if dollar rises expect gold to fall.

Also watch 1 year treasury yield curve for liquidity gauge (affecting carry/leverage).

[fortyfive] 11/11/2009 14:44

Gold prices will probably increase as long as the Reserve Banks keep pumping money. On current trends I would say that's unlikely to stop much before 2010-2012. When interest rates finally rise, it might be best to be on the market sidelines for a bit.

[dasv] 09/11/2009 17:45

Yep - I too struggled with adding to my position in PHGP every time I did it, and I also struggled with adding to my gold miner positions too - because they have got more and more expensive.

I think now that the previous high - what was it 1037? is history us gold bulls can have a think about fibb extensions or point and figure targets for the next targets. When I get a sec I will put together some possibilities for PHGP.

Strange goings-on, on the daily chart in the header today from 1.30pm onwards?

[traderabc] 09/11/2009 17:21

dasv

1 or 2, either way it's an interesting concept, I have been talking to anyone who'll listen about the merits of gold/silver for almost a decade, the vast majority of strangers I meet have little or no knowledge about what's going on in this market.
Those who do always seem to say the same thing, 'it's too expensive now'. They tend to have little faith that the bull market will continue, I noticed this from $500 upwards, personally I think we may see £1600 within 3 months, but I would say that as I'm as long and bullish on this sector ;-)

[dasv] 09/11/2009 13:34

Hmmm -

1. Perhaps there were people who wanted to buy the coin but he deliberately didn't include them in the edit.

2. If there weren't any people who wanted the coin - imagine what the gold price will be if/when the masses understand what is going on.

[traderabc] 09/11/2009 12:26

Mark Dice Tries To Sell 1 Ounce Gold Coin For $50 Bucks; No Takers


You Tube
Sunday, November 8, 2009

[dasv] 04/11/2009 13:17

MARS: interesting looking chart - could be forming a double bottom?

[fortyfive] 04/11/2009 09:23

Looks good this week - the trend is your friend with Gold. It's my holdings, like MARS , I worry about...

[dasv] 03/11/2009 15:44

i'm not worried about my substantial holding in PHGP.

[traderabc] 23/10/2009 23:17

Thanks 45,

Yep, 'paper' gold is always a worry, if it ain't Brownose, it'll be the corporate provider defaulting.

[fortyfive] 22/10/2009 14:46

See on the relevent metal backing for GBS and PHxx ETFs. Unlike say BULL, PHGP is backed by metal. That's not to say they can't be confiscated by G.Brown when he wants to bung more of our money at being a global hero........so best have some Krugerrands under the bed too.

[traderabc] 21/10/2009 19:13

'My understanding (although I don't hold) is that PHGP is backed by physical assets rather than derivatives'


Does anyone know if this is correct?

[dasv] 19/10/2009 22:25

Steep fall as sterling gains against EUR and USD. The former being short covering whilst USD continues to look structurally suspect.

PHGP has underperformed UKX over the summer - it is somewhat an FX trade these days.

[kiwi2007] 13/10/2009 12:11

Gains in Stirling terms looking impressive!
Of course Stirling will turn around at some stage (assuming the Cons win in May- failure for them to do that could add another 10% on here).

[v11slr] 11/9/2009 13:58

Pair your gold etf with a cable etf?