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Old 07-03-2013, 09:14 AM
Altima Altima is offline
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Default Articles on them Precious Metals!

Good morning people. Just an article published on Today to share with everyone.

http://www.todayonline.com/commentar...trategy-vacuum

One paragraph that caught my attention was:

"A compliant bond market, which may well be the next bubble, is mistakenly viewed as the ultimate validation of this myopic approach."

Happy reading!
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Old 11-03-2013, 09:21 AM
Altima Altima is offline
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Default Secret Bull Market in Gold

Morning people. Another day, another article for sharing:

http://www.marketwatch.com/story/the...old-2013-03-06

Gold might be "decreasing in value" in terms of USD, but it's "increasing in value" in terms of Yen.

In a world of money printing, I feel its better not to compare gold against fiat currencies, but the other way around.
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Old 11-03-2013, 10:02 AM
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pika pika is offline
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Quote:
Originally Posted by Altima View Post
In a world of money printing, I feel its better not to compare gold against fiat currencies, but the other way around.
IMO I think it doesn't matter which way to compare because we are merely measuring the relative value between 2 goods, in this case the value of gold (or silver) and the value of a currency. Gold price is primarily quoted in USD, but most often people buy gold in their local currencies, hence it is necessary to convert gold price in USD to a local currency, which is a factor of the exchange rate between USD and that currency. The same can be applied to other goods, such as oil, coffee, Apple shares, etc.

Until such a day when there exists a new currency call the gold dollar AG$ where it is pegged to a fixed standard of weight (e.g. 1 AG$ = 1oz), then we will see 1AG$ = 1580 US$, 1AG$ = 1960 S$, etc. we still have to live with the current exchange rate regime and do cross rates conversion to buy gold. This is a reason not to ignore the exchange rate of the SGD against the USD, which has been on a weakening trend and making an oz of gold more expensive to buy now compared to the recent past on a constant dollar basis.
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Old 11-03-2013, 12:38 PM
Altima Altima is offline
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Yes, thanks for the inputs. One of the first few advice I received before stacking was never to look at prices in USD but in your local currency.
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Old 13-03-2013, 09:34 AM
Altima Altima is offline
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Default So is there a currency war or not?!

Think I should create a new thread on interesting articles on PM. (or is there one already?)

Anyway, good morning fellow stackers. Here' something you would have come across in our mainstream media this morning.

http://www.todayonline.com/commentar...s-hypothetical

Once you're done reading, be sure to check out the author of the article.

And then you have another article like this:
http://www.zerohedge.com/news/2013-0...g-currency-war

Interesting interesting...
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Old 13-03-2013, 12:51 PM
freeier freeier is offline
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Quote:
Originally Posted by Altima View Post
Yes, thanks for the inputs. One of the first few advice I received before stacking was never to look at prices in USD but in your local currency.
obviously as u learn and grow... u will know u can actually buy/trade pm in another currency... not so much for the weaker hearts
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Old 28-03-2013, 05:15 PM
Altima Altima is offline
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Default a case of misplaced trust.

something to share with you fellow stackers:

http://www.zerohedge.com/news/2013-0...wned-you-didnt

So are you PHYSICALLY holding on to your PMs?
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Old 03-04-2013, 08:01 AM
Altima Altima is offline
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Woke up to this in my email: silver is now in a bear market after losing 22%

http://blogs.wsj.com/marketbeat/2013...snt-bode-well/

http://blogs.barrons.com/focusonfund...h-technicians/

The market presents a buying opportunity. Good for new stackers, bad for dealers who bought at previous highs. Time to consolidate your stack.

We shall observe if the sellers in our own classifieds are able to adjust their prices. If not, means its time to seek other dealers outside
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Old 03-04-2013, 08:31 AM
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pika pika is offline
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Woke up to this in my email: silver is now in a bear market after losing 22%
The author is too slow to discover what a bear market is lah. By this definition, silver already gone through a few bear markets already - from it's high 2 years ago in April 2011, from another peak in Aug 2011, then another in Oct 2011, and another in Feb 2012, and the most recent one we are experiencing since Oct 2012.

Don't take such economic definitions too seriously, just like what "recession" means. We managed to escape "recession" technically on several occasions over the past two years, but are people's lives in general getting any better?

Terms like these are only how people define things to fit into a working model or concept. While it is neither right or wrong, definitions, like technical indicators, merely describes or measures a situation with respect to the past. The future is never certain.
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Old 03-04-2013, 08:54 AM
Altima Altima is offline
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Haha thanks for pointing it out. I recently just subscribed to that website so that was my first email update from them. Interesting to note that silver as you pointed out have gone thru so many "bear markets".

But market fundamentals aside, I share this view that movement in metals is based on market sentiment. The economy could seem like its recovering, and they can substantiate that with increasing manufacturing outputs/consumer spending etc. but if the market sentiments aren't good, the prices will still go down.

Here's someone I follow quite a bit cos he's predicting further decreases in prices before a final upswing.

http://seekingalpha.com/article/1308...nal-move-lower
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