Search results

Gold down 3% in Asia today. I would not want to get in the way of this meltdown. Hey where is Mark Faber with his 'jewelry demand in Asia' fairytale? Always thought that argument was a load of nonsense.

About a 3 months ago I said I shorted Newmont when it was around $53 a share (1000 shares) Well that was the quickest $5000 bucks I ever made. Ah yes people laughed with their jokes about vaseline but I IT IS I WHO MADE MONEY (A little bit of money 'tis true) I would be shorting gold ETF's...

Jim Rogers on crack:- "Oil will hit US$100 in sometime in 2006" Must've been strong stuff.

Nearly all these "facts" can be disputed and I have not enough space here to do it. Couldn't be bothered! Oil price will drift down to around $35 per barrel by 2009 or even before that. Peak Oil Theory is nonsense supported by fudged evidence IMHO.

What a shame science FACT got in the way of the "Peak Oil" FICTION. Darn those scientists and bathometric geomorphologists that have debunked the "Peak Oil" argument. What was that Find by Chevron, Devon and StatOil? The most important crude find in half a century? And its that light sweet crude...

Definately NOT Jim Rogers. In my opinion Jim Rogers is one of those snake oil salesmen who just adds to the prevalent 'noise'. I have met Mark Mobius and have heard him speak. For what it's worth, in my book, he is worth listening to. My favourite investor? Me:D

My pm recieving facility is switched off.

Jim Rogers is just plain wrong. Crude will never hit $100 per barrel, 'Peak Oil Theory' has already been proved to be bunkum. This is just another commodities bubble. A bubble is a bubble is a bubble....

By the time oil reserves run out I am sure our brilliant scientists will be able to synthesise crude from those polystyrene cups, supermarket plastic bags etc and at low cost too. Sound ridiculous? No more than the Peak Oil argument.

Peak Oil Theory is bunkum, a nonsense. Notice they never talk about huge reserves in Siberia,off Mauritania, recently discovered reserve off the coast in Australia etc. It is a crap theory spread by people on the payroll of oil companies/hedge funds. Also notice they treat with disdain the...

Well since I last posted here (a few days ago gold in US$ has tanked 5%! Gold stocks like Newmont have taken a beating. This is just the beginning of a long bear market. Sure! there will be spikes and some hedge funds will attempt to get a momentum going if there is a terrorist attack (patriotic...

Are you allowed to give tips on this BB? If you are, a good stock is SAR:AX Tolhurst Noall here in Australia have done some research into this stock, they rate it as a 'speculative buy' I own some myself. Generally, I would be underwieght gold and gold stocks.

Well for what its worth I'm selling the last of my 10 oz ingots here in Australia tomorrow. I will use it to buy me some undervalued stock like DELL or MSFT or something. IMHO Gold is way overvalued and there are great opportunities in other areas.

Gold is in a bear market IMHO.

Joe average in Germany might have been listening to Mark Faber's blather about gold reaching $5,000 an ounce. The absynth must be especially good there in Germany!

I have actually more long postions in gold than shorts but some of the crapola that often is the product of media departments employed by one-way funds with tremendously long positions in physical gold or futures, options etc is just laughable. Fancy someone of Mark Faber's (alledged?)...

A while ago I heard Mark Faber saying gold is a limited resource. This is just plain nonsense. How does he know how much gold there is in the ground, currently being recovered etc. A while ago in thin trade a central bank sold less that ten tons of gold and the price dropped $20 it then...

ROFL very funny actually.. I'm already well in the money but if someone is shorting it NOW they may need it! Then again they may not.... Back in the eighties I saw gold come off real steep, dropped like stone.

We in Australia have located the wrecks of 3 English ships that sunk during a storm carrying a military payload in the early 1800's in comparatively shallow water of the coast in the Pacific here (No, I'm not going to tell you where it is!) With 15 tonnes of gold soveriegns. With modern...

There are hundreds of salvage operations in progress as we speak. They like to keep it quiet for obvious reasons, they don't make CNN or Fox news. As for Americans being taken for a ride, why does the word "Bush" spring to mind? Bush has created the 'Mother of all deficits' Gold will not cure...