Member Info for mogo

it is totally up in the air but gold is waiting on this September QE decision.If they don't begin tapering immediately the whole shebang is in doubt though they'll try to compensate by speechifying in time, but alleged "cuts" have already been made.Though what are "cuts" in a rising budget ? There are US housing as the "boom" was bought not by what was thought to be prosperity as in the mid-00's but printing money.Rumours say much of the real estate buying is from speculators,not the needy poor US folks with part time jobs who are much of the alleged better unemployment figures.Much of this boom is actually hot air.But again watch carefully,might be better to bank some profits as you go along as there are going to be a lot of shenanigans and cover ups.Especially next month.

this is another round in the big dollar v. gold contest opened this year when the dollar had a victory over gold for the first six months.Now the decision is in dispute.The Fed. has a split personality on the dollar-they want it strong and to keep it as world reserve currency but they also need it to fall to devalue huge debts and cause inflation.Gold will thrive on instability and indecision.I see on Market Oracle the last 7 articles under "housing markets" all consistently contain worries the artificially caused housing boom will stall.IF that happens a lot will result..

Bonds-falling.Top-heavy main share market could be beginning to fall now.Banks zero interest or almost plus inflation hitting it.So goldminers-for now. The Fed. might taper from next month,but the policies of central banks are almost forcing people to invest as there's little else.Even better for them if/when we lose as then we go on state benefits, if we can get any,and are under their control and they have our money.They'll get your money anyway one day from IHT if you were able to stay rich in your lifetime lol.The hope of gold for millions assuming the rules aren't again fiddled is that gold isn't printed and has low supply.Above all gold is insurance against future meltdowns which will be coming..

seems a very long two months ?

..RRR I also got out with..

-see how often people suggest shorting ASC and it goes on upwards! RRR I also gwith losses but tried another smaller go after that which broke even. It is just too scary for me now.These days dabble in larger things where at least you can ride out dips knowing the company isn't threatened with meltdown.RRR -I think the nightmareish LSE board attracts them.These days goldminers appear for now to be quite profitable though always need to be very careful.The ultimate and most safe stratagem is when all of this blows up as it will in the next year or so,consider taking out the largest UK Tracker you can afford at the base which is usually around 3000 to 3500 on the FTSE100.Yes obvious but comparitively safe.

When I had these they were just above 100p-well done to those here.

FRES' recent max. was 2150p in 2011.Which is interesting that we are nearly 50% down from that now..anyway the present chart has a six month drop till June.Thereafter a rise from 882p.A death cross took place in Feb. of this year where the 200 day went above the 50 day moving average.The MACD has climbed nicely from June and is now hitting a zero level hopefully preparing for more rises though it did dip a bit this month first.Likewise in August the relative strength has recovered from a dip and is now 50%.The latest action shows a steep SP rise from 925p this month.Volume is steady.An article in Market Oracle said "buy" when the SP crosses above the 20-day average which happened on the 8th/9th.Conclusion this has more to travel..DYOR GL

In now with a slice lol

I'm out but only tactical to see where I'm going next,might be back here soon.Yes I always thought there'd be shenanigans,though can't see any today.Just appears to be people new to goldmining "sampling the goods".So some up and some down for little reason.I'm expecting smaller ones to have runs obviously these can go up and down far more.Last week was mostly bigger ones but its spreading out now.Gold price can have little effect as long as it stays about where it is.This is a time not for buy and hold but to be agile.I mentioned how I'd been shredded so now I take what I see onscreen if I like it without ref. to anything else.Quite happy to "lose" things I've never had.Focus on the "now" rather.GL DYOR I'll be back.

I just sold there,maybe a slight fall coming ?

I'd be the last to give advice,I took my earlier ABG profits only yet the residue shot up again.Also my shares record was abysmal over 5 years since 2008 I seem to have bought things just about to drop and vice versa selling.My only growth area my CGT future claims deductions if I ever get any! Anyway it is always correct to take profits though where you put them is important.I put mine in another gold share.I am heavy into gold these days but prepared to tough it out.Kitco Gold -today looked at briefly tells me its correct for now at least.There will be a fall soon probably but a bit longer term could be better.Put it this way,do you believe any FTSE100 top riser could go up another 20% from where it is already at a high peak ? Banks zilch.Bonds dropping.I've even in the past researched stamps,wine and eBay trading lol.Gold can't be forever- nothing is -but at the moment I feel it should be on our radar.Though never assume anything-I know that !GL DYOR.

CNR though a non producer showing good signs too today-in the past that has been a top riser

I never assume anything after getting shredded since 2008 but adding to your good report- 1. COMEX allegedly running down their physical gold-see two articles at Market Oracle under commodities 2. Chinese demand 3. India spreads on gold sales widening shows demand 4. gold futures in backwardation-check meaning if in doubt but it's good. 5. though interest rates are pegged low the US bond yields have risen a lot this year which can make mortgages dearer and cause unemployment in the building industry,and QE removal depends on cutting unemployment.

I've ABG,MML and KGI -MML certainly has low costs.

that's due to Canadian basing-green issues,higher wages etc. the usual,but I think it will still motor.At least there isn't the background worry of "country risk" which kind of puts me off CEY etc.

still amazed about how few look into KGI

some here don't appreciate your efforts

you're alive lol hahaha

I'd bet that the top FTSE100 shares won't give 17% rises any days soon .These after rising since March 2009 are overbought while goldminers have been going down since late 2010.Shorters must soon close here and surely people beginning to lose in top stocks or worry about their high ratings will come over to us ? We need the herd to lose money at tops too! But I hope this might last a bit,we are due a bit of profits after a few years of hurt.GL DYOR