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 Replies: 13 / Views: 1,542 |
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Pillar of the Community
United States
931 Posts |
Closed above $1786 and I like it. Will those gold loving Asians take it above $1800 tonight? I think so with even Viet Nam picking up gold by the ton. I would say China is telling their little buddy that something BIG is going to happen in gold. Maybe 100 tons for China this month? We will see. Even some of the talking heads who were blasting gold last week are saying that this run may be far from over. I didn't have the privilege of hearing from Dennis Gartman today. I'll be listening to what Peter Schiff has to say tonight on shortwave. Oh yeah, the guy at work decided not to buy my Gold Buffalo. His wife said no. I didn't hold him to the verbal contract that some on here suggested. I'm just too nice a guy to try to force someone to buy something that is unacceptable to his spouse. Plus it's the first modern bullion coin that I ever bought, so I kind of like having it in my collection.
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Pillar of the Community
United States
667 Posts |
It is nice to see silver moved above $40 to. It has been kind of bland during all this gold movement. I'm really thinking we should see $45 but who knows.
I would still buy gold at this price thoguh maybe cautiously. What I don't want is to see gold keep climbing then start buying above the $1800 pricing.
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Pillar of the Community
United States
597 Posts |
im surprised by silver also
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Pillar of the Community
United States
860 Posts |
Gartman said he is putting back the gold investment he removed a week or so ago. But he is buying it in foreign currency such as euros, etc. 2:12 Pac. time, CNBC
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Pillar of the Community
United States
830 Posts |
Desert, have you figured out how to buy gold in the non-dollar terms Gartman is always talking about?
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Pillar of the Community
United States
4008 Posts |
Quote:
I didn't hold him to the verbal contract that some on here suggested. I'm just too nice a guy to try to force someone to buy something that is unacceptable to his spouse. I agree, Junior. It would not be worth the trouble and effort of trying to enforce any kind of verbal agreement on this. Your friend should have a positive experience with his first gold purchase and not a big argument with his wife.  |
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Moderator
 United States
16679 Posts |
It's only going higher.
swcoin.ecrater.com
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Valued Member
United States
219 Posts |
I like where it is going (and see an upward trend) but had a bit of a bad play on it. I thought it would have a much larger decline after the debt deal. So I was trying to hedge and sold 18oz before the dip  that did not go quite a deep as I thought. Oh well next time. |
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Pillar of the Community
United States
830 Posts |
Yeah its hard to get every turn right.  |
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Pillar of the Community
United States
3670 Posts |
"I didn't hold him to the verbal contract that some on here suggested. I'm just too nice a guy to try to force someone to buy something that is unacceptable to his spouse."
I agree as well, no need creating bad blood between friends and spouses over some good gold you would be more than happy to keep anyway, good move....
As far as the subject of thread, I don't see too much to bring gold back down. Don't think the powers to be like Bernanke an company have not played everything in their arsenal so far to try an keep it down, but it is like the little boy with several fingers too few when he tried to plug the dam....
Edited by Silverhawk74
08/16/2011 10:27 pm
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Pillar of the Community
 United States
931 Posts |
I'm certain that the powers that be will see counter party risk as soon as gold closes above $1800. Gold is going to be treated like that guy hanging on a ledge by his fingertips and the guy standing on the ledge keeps stomping.on his fingers. Eventually it will get over the ledge, but it's going to make it with a lot of stomping and screaming.
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Pillar of the Community
United States
1026 Posts |
Well gold is getting close to $1800 again today just looked may make it there again today yet.
Silver is just up a little as usual but that is good may get some more before it takes off.
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Pillar of the Community
United States
931 Posts |
I like it when gold moves upward gradually. It draws less attention. Those folks on CNBC must be really jealous of those of us that took a chance on getting into gold at good levels. They just can't wait to see gold make a $100 correction. They will probably come up with a new colored box for declining gold. Maybe a black box with flames burning around it or something to help them celebrate and brag that they absolutely knew for a fact that gold would revisit $500 per ounce. When equities go up they put on their party hats, talk really fast, throw confetti, and blow on those Kazoo horns. I'd like to switch to Bloomberg, but that's about like watching wall paper fade. I just hope it passes $1800 and moves on up to $1850 or so. I'd love to see the looks on their faces then. I'm sure that they would dress in black.
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Pillar of the Community
United States
4008 Posts |
Yeah, CNBC is definitely Wall Street TV. They are so pro stocks that they definitely wrinkle their noses at any alternative investment. They will get on board... eventually... but only AFTER all of the BIG gains have been made. :-/
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Replies: 13 / Views: 1,542 |
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Posted 08/16/2011 4:12 pm
