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The Coming Week's Price Of Gold

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Valued Member
Figman's Avatar
United States
245 Posts
 Posted 12/07/2009  1:40 pm  Show Profile   Bookmark this reply Add Figman to your friends list Get a Link to this Reply
"I'm pretty sure I used closing prices over a 24 hour period when I figured the drop & it wasn't anywhere near 6%."

I used the high of $1218 and todays low.
Valued Member
Figman's Avatar
United States
245 Posts
 Posted 12/08/2009  3:46 pm  Show Profile   Bookmark this reply Add Figman to your friends list Get a Link to this Reply
Was at the coin dealer today and they have many-many gold coins in stock, know one's buying. They didn't look to happy either.
Pillar of the Community
United States
511 Posts
 Posted 12/09/2009  02:46 am  Show Profile   Bookmark this reply Add 3stooges to your friends list Get a Link to this Reply
This is a normal correction after a sharp rise. The same thing happens in other markets.

By this time next year, gold will pass $1600, with silver in the $30 to $35 range. If the government keeps flooding the world with FRNs, those numbers will be low.
New Member
United States
12 Posts
 Posted 12/09/2009  07:27 am  Show Profile   Bookmark this reply Add hcspeed to your friends list Get a Link to this Reply
FRNs ?
Pillar of the Community
Nic's Avatar
Philippines
1156 Posts
 Posted 12/09/2009  09:33 am  Show Profile   Bookmark this reply Add Nic to your friends list Get a Link to this Reply
just before a local coin auction, last sunday, we were discussing gold futures.
There were bets it would hit US$2,000 in two years for gold bullion and 12 months from now, the same US$2,000 for gold content in coins
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United States
189052 Posts
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