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Gold News On Cnn

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Pillar of the Community

United States
1026 Posts
 Posted 08/10/2011  5:42 pm Show Profile   Bookmark this topic Add Brucec to your friends list Get a Link to this Message Number of Subscribers
Look out for tomorrow just watching CNN and they are talking about the gold rush saying you may want to get in on it.

So me thinks tonight and tomorrow gold will go up even more.
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hockingzig's Avatar
United States
1450 Posts
 Posted 08/10/2011  5:48 pm  Show Profile   Bookmark this reply Add hockingzig to your friends list Get a Link to this Reply
Already up to $1795!
Pillar of the Community
United States
1026 Posts
 Posted 08/10/2011  6:12 pm  Show Profile   Bookmark this reply Add Brucec to your friends list Get a Link to this Reply
Question I see at 6:10pm Gold prices have changed again $1790.90 do the markets close for gold prices like the stock market or does the price of PM change 24/7?
Pillar of the Community
United States
1026 Posts
 Posted 08/10/2011  6:15 pm  Show Profile   Bookmark this reply Add Brucec to your friends list Get a Link to this Reply
Now Gold just went to $1800.10

Think that CNN news clip already has made Gold take off more now at $1804.70

Does the price change all night?
Edited by Brucec
08/10/2011 6:20 pm
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hockingzig's Avatar
United States
1450 Posts
 Posted 08/10/2011  6:19 pm  Show Profile   Bookmark this reply Add hockingzig to your friends list Get a Link to this Reply
I have been riding this train since $600/oz and I am getting a little nervous about these huge daily rises. It is starting to feel a bit bubbly!
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hockingzig's Avatar
United States
1450 Posts
 Posted 08/10/2011  6:20 pm  Show Profile   Bookmark this reply Add hockingzig to your friends list Get a Link to this Reply
Yep,prices change all night as markets around the world open and close.
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nohope587's Avatar
United States
5953 Posts
 Posted 08/10/2011  6:22 pm  Show Profile   Bookmark this reply Add nohope587 to your friends list Get a Link to this Reply

Quote:
Does the price change all night?


Yep the the rest of the world trades gold as well..
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Silverhawk74's Avatar
United States
3670 Posts
 Posted 08/10/2011  6:25 pm  Show Profile   Bookmark this reply Add Silverhawk74 to your friends list Get a Link to this Reply
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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hockingzig's Avatar
United States
1450 Posts
 Posted 08/10/2011  6:26 pm  Show Profile   Bookmark this reply Add hockingzig to your friends list Get a Link to this Reply
And this is all happening with the dollar getting STRONGER!
Pillar of the Community
United States
1026 Posts
 Posted 08/10/2011  6:29 pm  Show Profile   Bookmark this reply Add Brucec to your friends list Get a Link to this Reply
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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nohope587's Avatar
United States
5953 Posts
 Posted 08/10/2011  6:40 pm  Show Profile   Bookmark this reply Add nohope587 to your friends list Get a Link to this Reply
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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Ed_B's Avatar
United States
4008 Posts
 Posted 08/10/2011  7:00 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list Get a Link to this Reply

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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hockingzig's Avatar
United States
1450 Posts
 Posted 08/10/2011  7:56 pm  Show Profile   Bookmark this reply Add hockingzig to your friends list Get a Link to this Reply
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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JackB's Avatar
United States
1064 Posts
 Posted 08/10/2011  8:30 pm  Show Profile   Bookmark this reply Add JackB to your friends list Get a Link to this Reply
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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junior e's Avatar
United States
931 Posts
 Posted 08/10/2011  9:32 pm  Show Profile   Bookmark this reply Add junior e to your friends list Get a Link to this Reply
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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bjones's Avatar
United States
304 Posts
 Posted 08/10/2011  10:12 pm  Show Profile   Bookmark this reply Add bjones to your friends list Get a Link to this Reply
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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