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 Replies: 17 / Views: 4,924 |
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Valued Member
United States
79 Posts |
Poll Question
Today on Bloomberg. 09-17-09
Gold futures for December delivery advanced $13.90, or 1.4 percent, to $1,020.20 an ounce on the Comex division of the New York Mercantile Exchange. Earlier, the price reached $1,023.30, the highest since March 17, when the metal climbed to the record.
Bullion for immediate delivery climbed 0.9 percent to $1,016.52 at 3:10 p.m. New York time. The Reuters/Jefferies CRB Index of 19 raw materials has gained 15 percent this year after tumbling 36 percent in 2008.
Where do you think gold spot will be at noon on 10-01-09
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Valued Member
 United States
79 Posts |
I see, you can not make subject line bold.
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Pillar of the Community
United States
6326 Posts |
I think it'll be slightly over $1,000.00.......(maybe more so that I "hope" it will be !) I had/have been thinking about selling a Proof 2006 1oz. Gold Buffalo.....and decided against it......but am still tempted. I could use the money.....and with my luck, when Gold is at $490.00 an oz., this will be when I have to sell it ! ....  Ideally, I'd like to keep it, and other Gold coins in my collection for another 25-30 years, before I "part" with them.....but we'll see. When the price gets this high.......it sure makes you think though. |
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Pillar of the Community
United States
3294 Posts |
I don't see it changing greatly over the next 2 weeks.
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Bedrock of the Community
United States
10045 Posts |
Should be interesting to see Oct; I don't expect much change either.
Longer term, I'm guessing it reverts back to historic supply/demand.
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Valued Member
United States
79 Posts |
Industrial Metals
09-22-09
PRICE CHANGE %CHANGE TIME
ALUMINUM FUTURE (USd/lb.) 85.750 0.750 0.88 13:23
COPPER FUTURE (USd/1,000 lb.) 286.500 5.950 2.12 15:13
Precious Metals
09-22-09
PRICE CHANGE %CHANGE TIME
GOLD 100 OZ FUTR (USD/t oz.) 1015.100 10.200 1.02 15:14
SILVER FUTURE (USD/t oz.) 17.095 0.215 1.27 15:14
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Rest in Peace
United States
2668 Posts |
I ran it through my crystal ball and voted for it to go down. It even surprised me. Lotsa big players are hurting right now, and when other stuff is tanking they convert the most liquid asset. Especially when it's high.
(buy low, sell high...)
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Bedrock of the Community
United States
10284 Posts |
NY Spot Gold
$1058.54
10-01-09
Between $1,050.00 - $1,075.00
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Pillar of the Community
United States
1571 Posts |
As expected, It took a hit, yesterday, and that is in keeping with my answer to the poll. You will not see much movement in either direction, for the forseeable future. Why? There are too many countries who have very large gold holdings, and they have the same problem with the "coin of the realm" vasrying with, or agaionst the dollar. This will affect the price of gold. Russia has very large gold holdings, and when the price gets too high, they dump large amounts on the world market. Effect? down goes the price. some have 'dreamed of gold reaching $5000/OZ. nwever happen! There is too much UNMINED gold, easily obtainable to ever see a price like that. There is only about 7% of the worlds known gold deposits being worked. Silver, on the other hand, will see triple digits. I won't be here to see that, but that day is coming! Some of you young folks will se it, and recall my comment.
Dick
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Pillar of the Community
United States
4867 Posts |
What is significant about October 1st?
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Rest in Peace
United States
1729 Posts |
Let me know when I should start scraping the contacts on old 1k SIMMS, lol.
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Pillar of the Community
United States
2541 Posts |
Looks like the majority is correct so far!
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Pillar of the Community
United States
4867 Posts |
I still don't understand what is significant about October 1st.
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Pillar of the Community
United States
3077 Posts |
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Valued Member
United States
79 Posts |
Nothing is significant about October 1st. It was just a date chosen on 09/17, due to a spike on that day. The significant date was 09/17. It usually stirs some to speculate, either way, due to the spike. Nothing scientific about this pole. It would have been better if everyone responded on 09/17.
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Valued Member
United States
79 Posts |
Is gold manipulated? As I have mentioned in other forums, my conclusion after dealing in heavy metals since 1976 is yes. Those who have an interest in this subject may find this to be interesting reading; http://www.zerohedge.com/article/sm...rolling-goldGive it a minute to load. |
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Replies: 17 / Views: 4,924 |
Posted 09/17/2009 11:22 am
