IrvineRenter_IHB
New member
CalGal said:
Just out of curiosity, aren't there arbitrage opportunities with all these different markets having different prices? Or is transport and deliver such a problem that these differences can persist?
Gold
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Just out of curiosity, aren't there arbitrage opportunities with all these different markets having different prices? Or is transport and deliver such a problem that these differences can persist?
Are there non-delivery arbitrage opportunities? Could you buy on one exchange and sell on another without taking delivery?
Very interesting situation. I don't know the gold markets near as well as you do, but I would have thought these markets would have been heavily arbitraged by all the gold interests with big money out there.
Yeah!!! Baby!!! Awgee you here that ?
Gotta feel sorry for the weak hands that sold out of their Gold last week.
Panda is smelling $1000 Gold prices before year end..... Time is so ripe to convert more overvalued $$ U.S.A. Dinero $$ for more Gold.
Panda is a "SERIOUS BIG BEAR"
Panda,
I was actually hoping for gold to go down so I could load up on more gold equities. I got a lot of great deals on Thursday and was looking to add the following day but didn't want to buy on the upswing.
Isn't it bloody brilliant how the financial industry diverts attention away from Lehman's impending bankruptcy before the start of market trading?
Fed: "Hey Merrill? You need to have a shotgun wedding with Bank of America RIGHT NOW"
Bank of America: "Aw but I'm already hitched to Countrywide"
Like i said, dollar is rallying again, and the U.S. stock market is magically going to also rally in the second half of day after all these bad news has hit the street. You've got be a COMPLETE FOOL to fall for this one.
By the way, upperlowerclass, I was totally joking about Awgee. I don't even know if he owns any gold, he just seems to know more about it than any of us.
Serious, I'm trading in logic for a dart board. Nothing makes any sense anymore. People fly into t-bonds for safety like lemmings off a cliff. Why is it so hard to predict what idiots will do!!?!
Just out of curiosity, aren't there arbitrage opportunities with all these different markets having different prices? Or is transport and deliver such a problem that these differences can persist?
IrvineRenter_IHB
New member
IrvineRenter said:
Are there non-delivery arbitrage opportunities? Could you buy on one exchange and sell on another without taking delivery?
Very interesting situation. I don't know the gold markets near as well as you do, but I would have thought these markets would have been heavily arbitraged by all the gold interests with big money out there.
CalGal_IHB
New member
Looks like Gold is on the upswing again.
It's already +19 to 783 and it's only Sunday night.
It's already +19 to 783 and it's only Sunday night.
PANDA_IHB
New member
CalGal said:
Yeah!!! Baby!!! Awgee you here that ?
Gotta feel sorry for the weak hands that sold out of their Gold last week.
Panda is smelling $1000 Gold prices before year end..... Time is so ripe to convert more overvalued $$ U.S.A. Dinero $$ for more Gold.
Panda is a "SERIOUS BIG BEAR"
ukyo116_IHB
New member
PANDA said:
Panda,
I was actually hoping for gold to go down so I could load up on more gold equities. I got a lot of great deals on Thursday and was looking to add the following day but didn't want to buy on the upswing.
Isn't it bloody brilliant how the financial industry diverts attention away from Lehman's impending bankruptcy before the start of market trading?
Fed: "Hey Merrill? You need to have a shotgun wedding with Bank of America RIGHT NOW"
Bank of America: "Aw but I'm already hitched to Countrywide"
PANDA_IHB
New member
Ukyo116,
As of 10:27 pm CST Gold is up 21.50 (+2.81%) at 786.0. Don't be suprised if the gold plunges again and dollar rallies once the U.S. market opens tomorrow. This game by Wall Street is sooo rigged, it is not even funny. However, the fundamentals will always win at the end. I bet you that all the banks that participated in the massive sell off of their gold assets in July, are the same ole banks that buying up the same gold at bottom prices as the weak hands and speculators are out. I felt that March 2008 was the best time to sell Gold, but now is probably the best time to buy Gold this year. If Gold prices tank tomorrow, you and I should be buying like CRAZY! Mr. Awgee already has too much, he doesn't need to buy anymore. He's got so many 10 ounce gold bars in his house, he doesn't even have enough room to fit in all his furniture.
IMO, I think Silver is currently a lot more undervalued than Gold right now, which makes Silver a much more attractive investment at the moment. Think of Silver as BETA 2, where as Gold is BETA 1, therefore you need some serious balls of steel to hold silver. There is a lot more upside to Silver right now, as Silver prices peaked at $40 back in 1980, whereas today's prices are around $11, and I think it will go much higher than $40 this time round. Also the supply of silver will run out in next 10 - 15 years. Buying Silver now is like buying a 3500 square feet single family house in Turtle Rock for less than $200,000.
Panda
As of 10:27 pm CST Gold is up 21.50 (+2.81%) at 786.0. Don't be suprised if the gold plunges again and dollar rallies once the U.S. market opens tomorrow. This game by Wall Street is sooo rigged, it is not even funny. However, the fundamentals will always win at the end. I bet you that all the banks that participated in the massive sell off of their gold assets in July, are the same ole banks that buying up the same gold at bottom prices as the weak hands and speculators are out. I felt that March 2008 was the best time to sell Gold, but now is probably the best time to buy Gold this year. If Gold prices tank tomorrow, you and I should be buying like CRAZY! Mr. Awgee already has too much, he doesn't need to buy anymore. He's got so many 10 ounce gold bars in his house, he doesn't even have enough room to fit in all his furniture.
IMO, I think Silver is currently a lot more undervalued than Gold right now, which makes Silver a much more attractive investment at the moment. Think of Silver as BETA 2, where as Gold is BETA 1, therefore you need some serious balls of steel to hold silver. There is a lot more upside to Silver right now, as Silver prices peaked at $40 back in 1980, whereas today's prices are around $11, and I think it will go much higher than $40 this time round. Also the supply of silver will run out in next 10 - 15 years. Buying Silver now is like buying a 3500 square feet single family house in Turtle Rock for less than $200,000.
Panda
upperlowerclass_IHB
New member
With the FED now accepting equities for lending, I seriously doubt the dollar wil rally tomorrow. The dollar has rallied against some bearish dollar news in the past, but I think time its to obvious to ignore.
upperlowerclass_IHB
New member
thats what i would say 2
PANDA_IHB
New member
upperlowerclass said:
Like i said, dollar is rallying again, and the U.S. stock market is magically going to also rally in the second half of day after all these bad news has hit the street. You've got be a COMPLETE FOOL to fall for this one.
By the way, upperlowerclass, I was totally joking about Awgee. I don't even know if he owns any gold, he just seems to know more about it than any of us.
upperlowerclass_IHB
New member
PANDA said:
Serious, I'm trading in logic for a dart board. Nothing makes any sense anymore. People fly into t-bonds for safety like lemmings off a cliff. Why is it so hard to predict what idiots will do!!?!
ukyo116_IHB
New member
BLUE FIRE_IHB
New member
Hello gold!
Up $50+
Up $50+
Nude_IHB
New member
On the first page of this thread I wrote:
Maybe awgee has some more insight.
I think we are there and I expect that gold is going to run up steadily from here. Money will flow from MMFs and other "liquid" assets into gold to preserve capital now that AIG and Lehman have begun to unwind and asset values decline, forcing others (see Russia) to do the same to meet margin calls. Let me remind you that I am not a financial advisor, I am not recommending any course of action, and gold prices tend to fall extremely rapidly when the institutional money moves elsewhere.
Maybe awgee has some more insight.
upperlowerclass_IHB
New member
Bought Slv this morning and just sold, 7.5% today yipee. Now look for all the gold Jr stocks that didn't move up nearly as much as gold did today.
graphrix_IHB
New member
awgee is making an absolute killing right now in the panda challenge too. I just hope he made some of those trades for real...
Trooper_IHB
New member
graphrix_IHB
New member
Awe... the Hang Seng, what is 6000 points amongst friends?
http://img701.mytextgraphics.com/photolava/2008/09/18/hsicliffdive-4bwi7r9u3.jpeg
I wonder if this is a long term trend since the euro region is starting to feel the crunch? I hope no one thinks that the HSI is cheap, cuz it looks like the NASDAQ circa 2000ish.
http://img701.mytextgraphics.com/photolava/2008/09/18/hsicliffdive-4bwi7r9u3.jpeg
I wonder if this is a long term trend since the euro region is starting to feel the crunch? I hope no one thinks that the HSI is cheap, cuz it looks like the NASDAQ circa 2000ish.