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Gold Down This Week

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Author Previous TopicReplies: 5 / Views: 851Next Topic  
Valued Member

United States
94 Posts
 Posted 07/21/2006  3:23 pm Show Profile   Bookmark this topic Add Dog Man to your friends list Get a Link to this Message Number of Subscribers
Wow, gold had a pretty volatile week, closing down over 7%. Given the tension globally right now, I was somewhat surprised to see such a decline. Perhaps some were locking in profits at the 667 close last week.
Valued Member
habiru001's Avatar
United States
236 Posts
 Posted 07/22/2006  01:27 am  Show Profile   Bookmark this reply Add habiru001 to your friends list Get a Link to this Reply
It is like a Yo-Yo- Still some good gains overall. If you look at where it was several weeks ago- or even a year ago- Nice percentages- and of course, it no doubt will continue to rise,then fall,then rise again- Collectible Gold coins IMHO are the best way to go. Looking at some of my own that I have had for 30 years, I am astounded at the increases as given in "CoinWorld's- Coin Values. Dewey
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ageka's Avatar
Belgium
2078 Posts
 Posted 07/22/2006  07:59 am  Show Profile   Bookmark this reply Add ageka to your friends list Get a Link to this Reply
Volatility will increase even more
Too many parties with deep pockets playing the futures game
If you want an understandable commentary then read jim Sinclair once in awhile

http://www.jsmineset.com/home.asp
Valued Member
CiScO's Avatar
United States
458 Posts
 Posted 07/22/2006  09:36 am  Show Profile   Bookmark this reply Add CiScO to your friends list Get a Link to this Reply
quote:
Originally posted by ageka

Volatility will increase even more
Too many parties with deep pockets playing the futures game
If you want an understandable commentary then read jim Sinclair once in awhile

http://www.jsmineset.com/home.asp



Good info site ageka. I saved the url for future reads, thanks for posting it.

CiScO
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ageka's Avatar
Belgium
2078 Posts
 Posted 07/22/2006  12:23 pm  Show Profile   Bookmark this reply Add ageka to your friends list Get a Link to this Reply
Thanks

Every newlettre writer wants something ( selling a subscription or pleasing his boss who pays his salary etc ) Jim is rich beyond this need and he explains things in a way that I believe he is right
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snowman's Avatar
United States
1840 Posts
 Posted 07/22/2006  1:44 pm  Show Profile   Bookmark this reply Add snowman to your friends list Get a Link to this Reply
A major reason that gold prices are high is the stagnant stock market. Gold is typically used to hedge other investments during slow times. There are some coin dealers that would lead you to beleive that this upward trend isn't going to end soon and that investing in coins strictly for their gold content is the way to go. I personally think that once the Fed chooses to lay off on interest rates the stock market will bounce back and there will be a correction in the gold market.
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