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 Replies: 20 / Views: 2,292 |
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Pillar of the Community
United States
5833 Posts |
Climbing way too fast IMO.
The Asians are playing this just like they were playing the real estate in their homeland, it had settle down somewhat now.
I have heard some of the so called high rise projects aren't build with proper materials, like concrete crack within 30 years life span. Not too much code and regulations there.
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Pillar of the Community
United States
931 Posts |
Yeah, in China when the schools collapsed in that bad earthquake they took the contractors and executed them. Talk about the cart leading the horse!
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Pillar of the Community
United States
667 Posts |
Maybe I should go back to bed, gold has fallen $40 since I got out of bed.  |
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Pillar of the Community
United States
1450 Posts |
Just a little profit-taking to free up cash for some cheap equities. Don't worry,it is back up into the %1740's again. The afternoon market action hasn't even started yet(you know, the crazy up,then down,then up,then down).
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Pillar of the Community
United States
931 Posts |
I'll happily take a $30 per day gain for a year or two.
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Pillar of the Community
United States
4008 Posts |
Keep in mind, Hawk, that when an investment goes up like a rocket, it is likely to come back down the same way... and usually with a big BOOM! at the end of the ride.
Gold seems invincible these days with higher and higher prices on an hourly basis. Still, one would think that it is over-bought at these levels and could be due for a correction.
One problem, though, is that for gold to sell off, the dollar just about has to gain strength and a lot of it. I don't see many things these days that are adding to dollar strength. :-/
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Pillar of the Community
United States
667 Posts |
Gold is more like a YO - YO today, up then down then up then down. |
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Pillar of the Community
 United States
3670 Posts |
"One problem, though, is that for gold to sell off, the dollar just about has to gain strength and a lot of it. I don't see many things these days that are adding to dollar strength. :-/"
That is just it Ed, the one thing that will always be in Golds corner, the idiots pushing the buttons that created this mess, by destroying the dollar....
I heard on the radio today, the Feds released some info that basically was padding the public for another 2 year recession, which we all know will more likely be a depression. They candy coat everything. Oh, and the last recession never ended, or maybe it did in the fantasy land they are living in....
I don't see gold taking any significant pullback of more than lets say 300 dollars, anytime in the next two years, and we all know that two years may turn into five or ten or beyond.....
Edited by Silverhawk74
08/10/2011 01:29 am
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Pillar of the Community
United States
931 Posts |
There is never a recession if you are on the government train. Then you retire making more than you did while you were working.
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Pillar of the Community
United States
1026 Posts |
Well like what Gold is doing today!! Never can figure out the stock market since the Asian markets went up a little and ours yesterday did good thought they would go up a little today but just looked down like 360 points?
Good for gold prices though, personally I see no good for the markets at all I agree with someone posted here think they will drop to around 7000 before it is done.
I also think it will not be to long before Silver takes off.
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Pillar of the Community
United States
830 Posts |
The dollar has some strength today, but gold has more. From Kitco 8/10 10:26 am CST: Quote:
Gold price Change due to Strengthening of USD -18.10
Gold price Change due to Predominant Buyers +50.60
Gold Price: Total Change +32.50
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Pillar of the Community
United States
3670 Posts |
Gold at last glance was 6 bucks shy of 1800, lol....
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Pillar of the Community
United States
830 Posts |
It did hit 1800, but has fallen back now.
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Pillar of the Community
United States
1026 Posts |
Well yesterday silver went back a dollar something at one time I was going to get 40 more ASE then should have as I think it may be on a run back up now. |
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Pillar of the Community
United States
3670 Posts |
Yes BruceC, I bet you were thinkin sub 35 could happen any day now, and it still could. Funny, silver held for around 33 to 35 for a bit, but I am thinking anything under 40 an oz. right now is a good deal, as I feel for the time being its value is adjusted up to 40 an oz., an should be at least 50 an oz., and not a 45 to 1 ratio....
Funny, golds new second little illegitimate brother (platinum), is trying to keep pace with the golden child as well, lol....
Edited by Silverhawk74
08/10/2011 12:40 pm
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Posted 08/09/2011 07:45 am
