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 Replies: 21 / Views: 2,074 |
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Pillar of the Community
United States
3670 Posts |
Yes, since the American market closed, the market is up 9 plus dollars on gold to nearly 1805, and we thought we were gonna have to wait for the years end. A big crash seems imminent, but what are they gonna play now to try an slow it down, much less send it back down the mountain with all that is looming....
Edited by Silverhawk74
08/10/2011 6:25 pm
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Pillar of the Community
United States
1450 Posts |
And this is all happening with the dollar getting STRONGER!
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Pillar of the Community
 United States
1026 Posts |
Well scary if it does get to $2300 or 2400 I think I am going to sell some as that is to crazy will take the cash and if silver has not taken off by them will reinvest it in silver.
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Pillar of the Community
 United States
5953 Posts |
I'm seriously thinking of selling a bunch of Gold eagles. But greed keeps telling me just a little longer and you will make more!! I'm going to keep listening to that little voice and miss the bubble I just know it...If it does get to 2400 that will be close to 10 times what I paid for some of them.
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Pillar of the Community
United States
4008 Posts |
Quote:
And this is all happening with the dollar getting STRONGER! That it is, Hock... but I have to wonder... if we weren't hearing all the bad news about European banks and the negative effect this will have on the Euro, do you think that we would be seeing a stronger dollar? Seems to me that money is flowing out of Euros and into gold and dollars right now. Both are getting inflated by it, especially the gold. Hard to say how long such a thing will continue. |
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Pillar of the Community
United States
1450 Posts |
I agree Ed,all that I am saying is that prices would probably be $50-60 higher if the dollar was falling. If the dollar weakens that price line on the graph could go straight up! As I said,I am getting a bit nervous.
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Pillar of the Community
United States
1064 Posts |
Wow, $1800 seems like a lot; I'd be afraid of losing, in a huge correction. Just seems to have gone up way too fast...
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Pillar of the Community
United States
931 Posts |
JP Morgan is calling for $2500 gold by the end of the year. People in gold made more today than t-bills will in 20 years.
Edited by junior e
08/10/2011 9:33 pm
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Valued Member
United States
304 Posts |
Edited for truth: Quote:
People in gold will make more today, if they sell now, than t-bills will in 20 years. |
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Pillar of the Community
United States
5833 Posts |
I am not surprised by JP Morgan manipulating Gold again.
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Pillar of the Community
United States
1026 Posts |
WOW was I wrong gold has been down all day?
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Pillar of the Community
United States
3670 Posts |
I got real nervous after the CNN release to get into gold and it crossed 1800 a time or two, that it would take a nose dive the next day, even though it was gain a bit back. I expect the free fall to continue to 1700, maybe 1600....
I am assuming the market had a better day. Still gotta get by Friday, what a crazy up an down week....
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Pillar of the Community
Canada
3692 Posts |
Do you think that it's manipulated somehow through social media? ;)
Even milk is getting bubbly. Getting close to $5 a gallon. Are cows on strike or what?
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Pillar of the Community
United States
1026 Posts |
Well just saw on the world news people are selling their gold jewelery in record numbers maybe this is driving the price of gold down temporally. I still feel it can help go back up even higher yet as things get worse.
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Pillar of the Community
Canada
3692 Posts |
There's just way too much hype about it. There are definitely some strings being pulled by major players to get the gold of the masses. Why else would the price be soaring right now? They want your preeeeeeecious.
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Replies: 21 / Views: 2,074 |
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Posted 08/10/2011 6:26 pm
