RE: RE: RE: Up Flag Chart Pattern on Gold15002 - hadn't seen that bullionvault site before. Now I am hooked. Like that live real price action. Interesting where we finished the week, straddling right smack on the breakout/breakdown line @ 30.2k. Almost like the pit boss giving us a moment to lay down our bets. I am ready to purchase a few pocket nuggets myself and would like to see a Paul van Eeden breakdown to the 8-850 an oz range but I am not sure we are going to get it. Haven't done a comparision with the cost of buying an oz in " the big smoke" as you like to call it vs bullion vault but will compare when the time comes. There is still the premium added at the local coin dealer to each oz. due to the shortage of wafers. Also, I like to hold it in my hand for a little while versus having it sit in someone elses vault so if the price is close I will buy local. The retail market is already telling us which way the price will eventually end up going but in the interim there will be volatility. Also, bullionvaults sales numbers seem to be going up exponentially at the moment and that may bode well for an eventually price breakout to substantially new highs.
Not sure of the pin action in MDR this week but probably should be happy that 1) we held above the .50 level and 2) market makers seem to be coming in to play.
Last comment (which I may have made before) - today I can borrow money at 2.5%. today I can buy common shares of a canadian bank that yields over 10%. There is something seriously f#%ked up in the financial world!
Good luck to us.