Gold Hit The Mark

It went twice to 502 dollar an ounce for a quick toe in the water type of thing
I suppose as a first protection from 30 november on all margins on gold futures will be increased by 50%

The problem with gold (the metal, not the coin) is that it is a market commodity rather than a collectible thus not subject to the laws of supply and demand, responding only to investor speculation. It goes up but doesn't stay up. It WILL go down.

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Originally posted by Morgan Fred

The problem with gold (the metal, not the coin) is that it is a market commodity rather than a collectible thus not subject to the laws of supply and demand, responding only to investor speculation. It goes up but doesn't stay up. It WILL go down.

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Well actually it is a lot worse then that the goldprice is made on paper gold futures trading like any other paper (share)trading
Secondary is the market in gold calls and puts (contracts)little of which are excercised into real gold
I think physical gold is a very distant third possibility

It was announced that from 30 nov on the downpayment (margin) on gold futures will increase by 50 %
Some call this the kiss of death (shorterm )

In general one can follow the battle by looking at the open positions of commercial intrests ( goldusers ) and large and small speculater intrests

The brown line is the commercials going short and up to now this as always ment lower goldprices shortterm

http://www.softwarenorth.net/cot/cu...harts/GC.png

I wanted to show the chart but get the answer png too big

I have already been through something similar, right here in the states, but the law cut it all off right after I put both kids through two different universities at the SAME time! Eventually ours ends here and to order someone to pay for the next 10,000 years, in my mind, shows the laws are more than flawed and should be considered a joke in Iran? If this is the kind of intelligence running the government over there than it is apparent THEY do have a problem?

But in the end the law is flawed and serves no meaningful purpose other than to protect one party or the other while never serving in real purpose? So why have laws that create nothing more than loop holes to leap through? Don't get me wrong as we have more than our share of stupid laws over here and they all are/were a waste of government time, wages and taxpayers money and they knew at the time they could not enforce them even if they were, thought at the time, to be good laws. Quite honestly most governments are out of control and a monster that needs to be dealt with but, the only problem, is the monster has gotten too large to deal with?

Boy, you really were alive back when the dinosaurs were here! None the less, I will take some of that $37 gold off of yours hands at a fair price, lets say DOUBLE, what you paid so get an invoice in the mail and ship the gold old buddy as I am waiting patiently for it to arrive!!!

Seriously though gold may have it the high in euro
That is what most think
It may however jump the top line and form a small triangle and forge ahead nonetheless

Wouldn't bother me a bit to see it drop back to about $260 for a few months and then make the big jump upwards but I know that is not going to happen. Oh well, dreams never hurt anyone! Catman, you send out that $74 dollar gold I ordered from you yet?