Member Info for RedSparrow7

Mr Tribbles, LOL. Mr Troubles more like.
Actually, Mr Tibbles, you haven't been speaking to one of my sisters, have you? Her philosophy is that if you go to your grave with a balance sheet in the black, you're a mug.

Yes, Tony, that's very likely too. I keep coming back to gold's 'correction' in £ terms from the August high last year. It's a perfect ABC move. Since the bottom, the first leg could be over or this is a 4th wave before the final 5th wave higher and then another 3 waves down - for wave 2 and then a large 3rd wave up.
https://www.bullionbypost.co.uk/gold-price/5-year-gold-price-chart/
The worry is that I think tech stocks could be about to reach escape velocity and go vertically upwards. Once that crashes, does it bring everything else down? At the moment, I'm looking at a 3 waves move upwards for the $US from its recent low, with a corresponding 3 waves down for gold - maybe reaches $1700 after a nice climb up from here?
Having said all that, I've just had to shoo 6 magpies off my damson tree - they were upsetting the blackbirds. I believe it's 6 for gold? (Magpie TV programme from 70s). That may be a better indicator of what gold will do in the near term!

The price action for the $US doesn't suggest to me that it is about to have a huge rise at the moment, which would make gold sink below the recent lows. We may get a short dip in gold, to $1750 ish perhaps? and then a decent bounce at least to $1820s. Silver isn't suggesting it's about to sink either, so I reckon the spivs are getting ready to load up on miners, for the short term as a minimum. Centamin a buy at £1, maybe? Unemployment figures for the US on Friday could be the catalyst for a rise. A bloodbath phase for mining stocks is being manufactured here, I think.
Basil Fawlty - don't mention the Germans.

I think the same is true for most gold stocks - my Canadian miners have had a terrible beating in the last couple of days. I don't know if this is a bloodbath phase to shake me out of the miners (no chance) before a rise, or people are selling their miners and putting it into tech stocks, since tech seems to be on the move up again.
Anyway, I need to add some more Centamin at some stage - looking at Fresnillo too.

Well, the FBI need to find the grave marked 'Unknown' in Sand Hill Cemetery near Santa Fe, before this fella gets there.
This is one of my brother's favourite films. There is some beautiful music in this film, and this is the best piece, I think. No, Cowichan, it's not off topic - it's the Ecstasy of Gold.
https://www.youtube.com/watch?v=ubVc2MQwMkg

Hi Goldgnome
If I'd had 5 children, it wouldn't matter if the medicine was shaken or stirred - just as long as it came by the bottleful.
Well done to you and your wife for keeping your sanity.

The US unemployment figures are due on Friday this week. That may make an opportunity for traders in what otherwise could be a quiet week (unless you like football, that is). Gold is asleep.

The famous verse from 'A Shropshire Lad' by AE Housman. I'm not so sure about nostalgia - there are good times and bad times in every era. Make the most of time whenever you can.

Into my heart an air that kills
From yon far country blows:
What are those blue remembered hills,
What spires, what farms are those?

That is the land of lost content,
I see it shining plain,
The happy highways where I went
And cannot come again.

Hi Mr Tibbles
The saddest thing about the people who move out of the cities into the countryside is that so many of them get lonely very quickly. My nearest large supermarkets - Morrisons and Tesco - are about 24 miles away. There really isn't a Starbucks or Pizza Hut around the corner, just a very bad Indian restaurant and a Chinese (which I can't stand anyway). Then they have around a couple of thousand rooks and jackdaws to contend with - the noise is unbelievable. The quality of entertainments is quite poor, unfortunately. A bookshop - what's that? Then the house prices collapse and they can't sell them for love nor money.
Human nature never changes.

I know that most of you probably read the Moneyweek newsletter each day, but I used to subscribe to the magazine a few years ago. One of the very best articles to be published was about the business cycle, and how different sectors of an economy perform at each stage of one complete cycle. The business cycle, from bottom to bottom, lasts about 18 years and is driven in a 'free-market' economy by real estate speculation. I was reminded of the 'real-estate clock' this morning when I heard that a very small village near to where I live, has had around 20% of its houses purchased by people from London who have sold up there to move here. This has happened in the last year. It is one of the final stages in the business cycle before the crash.
Anyway, I have found the article. If you have a spare 20 minutes, it's well worth the read and taking it to heart.
https://defencewealth.files.wordpress.com/2014/06/moneyweek-june-2014-694-cover-story.pdf

Yes, Mr Tibbles, I think trashing a person's character/integrity, is part of the standard operating procedure for the mob. Do you notice that people who are reluctant to be vaccinated against Covid 19 are labelled 'Vaccine deniers'? Does that sound similar to 'Holocaust deniers'? In other words 'a nutter!'
I have seen a few Father Ted episodes. My mother-in-law can't stand it, neither can any of her family. She is a regular Sunday Mass goer - even attends mid-week most weeks. In fact, I think the last time I went to Mass was with her when she lived in the South-West, many years ago. Her regular lift to church was on holiday so I drove her down - we were visiting her. Pope Benedict had changed the Mass a little - not for the better. I think she even prefers the older form. I tend to go to my local Anglican church, if I go at all. The priest is female and she and her husband can do with the support. My mother-in-law kind of understands that - she thinks!

....that the gold price seems fixed at the moment when all this is taking place.
The Quantity Theory of Money? - my ar*e.
https://usdebtclock.org/

A brilliant series, Mr Tibbles.
King Alfred's eldest daughter, Aethelflaed, set up the show though.
https://en.wikipedia.org/wiki/%C3%86thelfl%C3%A6d

Mr Tibbles
I certainly agree with you about Boris Johnson and his cronies, but I have to say that you write about him and his government as if they started all this corruption when the truth is I can't name you a government and its members that haven't fallen short of morals and decent public office standards, in any era.
Mandelson, John Prescott, Patricia Hewitt (her husband's dealings with Berlussconi), Cecil Parkinson, Jeffrey Archer, Jonathon Aitken and John Major to name a few in recent years. Then there's Lloyd George who told his secretary, Frances Stephenson, if she didn't sleep with him she was out of a job. Asquith and his affair with Venetia Stanley when there was the small matter of WW1 going on, and the most useless Christamas present you could give Lord Palmerstone was a pair of underpants!
Boris Johnson is a useless git, and it's so unfortunate he is around when we need someone who is diligent and has a brain. When was it ever so?
I think we need to bring back King Alfred the Great - he's the only leader that comes to mind that could really lead and had vision.

It isn't just Centamin, though, Cowichan. My Canadian miners have been smacked; look at Pan American Silver - just as awful as Fresnillo, if not more so. It is a time for building postions in gold and gold miners at the moment. There are good opportunities for traders in this market, but for long-term holders, the benefits will come from next year onwards when there will be great political unrest. I just hope that when gold does begin to take off and those longer term holder of Centamin finally turn a profit, they don't sell up too soon and allow someone else to make all the money. It's best to keep holding, invest the dividend, and sell those shares when the crowd appear and say Centamin to £10. It happened recently with Bitcoin on this board - we were accused of being old fogies and unsophisticated for not buying Bitcoin. Where are our tormentors now?
It's frustrating, I know, but that's just the way of gold. Good things don't come easily.

That may have to be a chocolate e-Type Jag or a Dinky toy.

Sorry, got my Benns and Foots mixed up - just come in from the garden, thinning the Victoria plum. Mind numbing, as you can see!

As was his son, Paul Foot. A very trusted journalist, by all accounts.

Hi Mr Tibbles
I've never seen the film.
Mining is a highly dangerous activity. Bitcoin mining is safer, although not very safe on your wallet, I suspect!

Hi Mr Tibbles
Unfortunately, Boris Johnson and the Austin Allegro have one thing in common. They are both duds.
So, what of the markets this week? Another week like last week, and I'll be an unhappy bunny. In fact, I may start thinking along these lines:
I wish I loved the Human Race;
I wish I loved its silly face;
I wish I liked the way it walks;
I wish I liked the way it talks;
And when I'm introduced to one,
I wish I thought 'What jolly fun!'

Sir Walter Raleigh (not Victor Meldrew).
Poetry Monday has come early this week.
Best of luck to all.

I'm sure most people have read this, but I'll put the link in here just in case. It's about the Fed's apparent change of heart!
https://moneyweek.com/economy/us-economy/603423/the-fed-springs-a-surprise-on-investors-are-there-more-to-come
Well, Western governments need to inflate away their debts, so I agree with the author about how far the 'taper tantrum' must run before they change track again.

My eldest sister's husband was a panel beater all his working life, and has helped me buying cars over the years. When I was a student, I saw a Triumph TR7 at a local garage and he came along to view it. The verdict was: 'as rotten as an old pear'. It was a blue one with the roof, not convertible, and I could see all the wheel arches had filler in and underneath was rotten. It was 1986 and the car was probably about 8 years old - I think the insurance for me was about £850.
I eventually bought an Austin Metro when I started work. It was about 18 months old, purchased from a main dealer, and after a week, I went to go to work one morning and there was about 3 inches of water in the passengers footwell. I took it back. They kept it for about 2 weeks, told me it was fixed, and about 2 days later, the footwell was full of water again. My to-ing and fro-ing to the garage happened a couple more times with no success. After a comment from the sales manager to me, which even in those days was extraordinary, I threw the keys at him and said I didn't want the car anymore.
My brother-in-law said that finding water leaks in cars is such a difficult, time consuming process, that they just didn't want to make the effort. So, one cold Sunday morning in January, we were out on my parent's house driveway with the car. He was upside down inside the car and I had a hosepipe which I had to allow the water to trickle from starting at the lowest point on the door/wing. It took ages to find, and the leak point was found to be on the roof edge, hidden by some black trim. The factory sealer had not covered properly and the water just poured in. We put some black sealer on, replaced the trim, and it was fine after that.
I never really liked the car, though, and kept it about 2 years before selling it. I really should have bought either a Mini or an Escort - much more a young person's car in those days. I know a little about car repairing from my brother-in-law. One thing he did say was that finding a really good painter was so difficult. The cars would be repaired really well, only to be almost entirely ruined by painters throwing on a load of paint which looked terrible.
To buy a classic today, I think joining the owners' club is the best thing to do. So much knowledge and willing helpers. I did join the Jensen Owners' Club for a year when in my early 30s. I liked the Jensen Healey but found that they weren't particulary good cars. I also had a young family then, so it was completely out of the question anyway. I was just learning the ropes for later in life.