Member Info for Herbieridesaga

Yep - as I said last night - good Friday's I've tracked on the ft100 recently have gapped up and then held steady. I haven't been following the ft250 or $/£ but I suspect good days have meant £ and ft250 rising. I'm playing ETFs at the moment because of volatility - as its easier to shift large amounts. I'm reviewing at 9am, 10:30am, 12am, 2pm, 3pm, and 4pm. However this week has been different but the same if you see what I mean, so I'm confident the pattern is probably going to repeat itself, but not ruling out some unexpected events along the way !

Morning Was, gold up, oil up, and futures up, looks like a "can't miss from here" day today...

Let's see what tomorrow looks like at 7am - that's usually a good indicator. Today was surprisingly good in the middle but ended up almost bang on target... Friday's I've recently tracked have either gapped up and then held "nothing to see", the other half have started low and drifted nearly all day lower - so not exactly a historical basis for hope but - you never know. Gold on a roll though - in all 3 of my favourites (all tax free) and in two of my three favourite gold funds - more gold mining stocks than everything else put together - though not more cash.

Gold up, futures down, new Trump tweets - deja vu again

Gold up futures down - not looking good - but the last few Wednesdays I have tracked seem to start badly but get better, before diving in the afternoon.

Market looks good today to be sure - only negative may be oil. It was a big move from a quiet start on Thursday - but I didn't expect it that quickly... Trade war yes - RBW and MKA have been doing well on the rumours. By the rumour…?

2 issues. Total debt of states eg US national debt, and unaffordable housing not jus tin the UK but in many places..

Morning Was, gold down futures flat crude flat - quiet before the storm today - yesterday did start well but cold water got poured on that by the US didn't it. It feels like we'll get a big move again after a quiet period to me - but no clue as to which way - be interested to hear if anyone else has a view...

Always confused by this bit of the cycle, markets up, gold up, but I always think of gold as a hedge against nasty times. Of course dollar down, interest rates down, so gold up, but I guess this is the transient phase until the reasons for interest rates rumoured to be falling take effect - which means we are seeing a temporary stock market rally - did I get that right ? Anyway - big rise today must be a bot of a no brainer IMHO.

Yesterdays ft100 rally started earlier, ran longer, and finished higher than I expected. Oh the markets loves a hard Brexit and an uneventful Trump visit. Gold going up as dollar drops - happy to hold. I think uneventful is the flavor of the day. Anybody notice how every time China gets cut back, India sees a bit more sunshine ?

Gold up, oil down, Pacific mostly down but India up. Futures down. More of the same until 11am - then a recovery of sorts on hope alone - what do you think Was ?

I like this company. Who are the bad guys these days - Russia ? China ? USTrump ? - the bigger the corporation - the more stateless and multinational it is - the worse it can behave and get away with it. JMHO.

1onic - post of the week - LOL ! No surprise to anyone if I say I'm buying back into my fav gold miners today...

Morning Wassatt - gold on the move - flashing red light

Not chasing- just watching and slowly building Blackrock G&G - oil - wow that's volatile. Oil is the happy market comod and Laks is calling a higher high - she's rarely wrong - so yes - maybe a bit of GENL - even PMO maybe - but happy to be in my LTI mimics at the moment. When the crash comes - I'll swing into gold again - worked in the autumn - has always worked - "this time is never different" so they say. GLA.

Bonks, just remember gold shines when all else loses its sparkle... and the longer it waits, the higher it will go, and unfortunately the quicker. I'm just quietly accumulating.... $2700 - all the gold allegedly in the fed reserve is worth less than 10% of the US national debt - doubling doesn't begin to fix the issue.

Thanks for the links. All bad news but from what I can see the FT100 futures ae slightly up with gold and oil down - so my guess is it's going to be a normal day of counter-intuitive price movements

Correction $100000ish - doh ! Here's another interesting reflection on gold … the world's top holders - so Italy the coming nation ?
Of course the Fed could just start purchasing bitcoin and dump its gold on the quiet and then announce it was launching fedcoin converting its bitcoins into fedcoins as bitcoin rose in value.

1.United States. Tonnes: 8,133.5.
2.Germany. Tonnes: 3,371.0. ...
3.Italy. Tonnes: 2,451.8. ...
4.France. Tonnes: 2,436.0. ...
5.Russia. Tonnes: 1,909.8. ...
6.China. Tonnes: 1,842.6. ...
7.Switzerland. Tonnes: 1,040.0. ...
8.Japan. Tonnes: 765.2. ...

I agree. Some interesting facts. The US national debt $22T. The quoted US gold reserve $310B. However the conspiracy theory goes that the US couldn't give Germany it's gold back when Germany asked for it because the US actually doesn't have the amount of gold (piddling compared with it's debt) that it says it has. Anyway leaving the conspiracy angle behind, to inflate the gold reserve so that the US balanced the books would require a x70 increase in the value of gold to $750000 ish - something the late Larry Edelson obviously massively underestimated !

No worries W. Grateful you do highlight stuff for us - just like to add my own view on some of the interesting ones as I think the bare facts sometimes are a bit misleading because as I say - those who knew they were coming have already traded on that and so often things go counter intuitively.