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 Replies: 20 / Views: 2,288 |
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Pillar of the Community
United States
3670 Posts |
Gold powered by an obsolete Gemini rocket it acquired from a NASA yard sale, and what appears to have plenty of fuel to spare, as it sails by 1750 an beyond....
Man I wish I got in at 500, or even a 1000. What a chain reaction set in motion by the incompetence in power in which JuniorE pointed out in his thread, that has set this historical climb in motion....
"Historical" may seem a bit extreme, but if gold does not flat line or pull back some before the US market opens, they WILL open up to 1800 an oz. gold....
An silver keeps getting slapped around like a red headed step child, and I know that all too well coming from red headed Irish decent, and I figure just like me, you can only keep the little brother down for long, and he knows the ropes from getting kicked around so much on his way up, lol.... Edited by Silverhawk74
08/08/2011 11:49 pm
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Valued Member
United States
362 Posts |
shoulda, coulda, woulda...
i also feel, though, like gold is going up at a a reckless speed....It actually makes me nervous, as it almost feels like a crash might be coming.
Im tempted to buy some more gold, but at the same time, I'm scared too, lol
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Valued Member
Canada
442 Posts |
You have to admit, silver is holding up quite well in this market beatdown.
Given all the attention is on gold, Silver can have calm and cool run up to 50, and then.. to the stratosphere?
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Pillar of the Community
 United States
3670 Posts |
Vinny, I was just about to say, just holding water in this current market, is a huge victory in itself....
I feel the same way as well ICSY, as I am nervous a bit as well, and figure at least a pull back to 1700 maybe 1600 is coming, and that may be one last buying window for many....
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Pillar of the Community
United States
1450 Posts |
$1760 and climbing fast at 11:55 eastern time.
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Pillar of the Community
United States
1450 Posts |
$1769 at 12:10 eastern! This is scary and crazy!
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Pillar of the Community
United States
5833 Posts |
Climbing way too fast IMO.
The Asians are playing this just like they were playing the real estate in their homeland, it had settle down somewhat now.
I have heard some of the so called high rise projects aren't build with proper materials, like concrete crack within 30 years life span. Not too much code and regulations there.
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Pillar of the Community
United States
931 Posts |
Yeah, in China when the schools collapsed in that bad earthquake they took the contractors and executed them. Talk about the cart leading the horse!
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Pillar of the Community
United States
667 Posts |
Maybe I should go back to bed, gold has fallen $40 since I got out of bed.  |
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Pillar of the Community
United States
1450 Posts |
Just a little profit-taking to free up cash for some cheap equities. Don't worry,it is back up into the %1740's again. The afternoon market action hasn't even started yet(you know, the crazy up,then down,then up,then down).
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Pillar of the Community
United States
931 Posts |
I'll happily take a $30 per day gain for a year or two.
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Pillar of the Community
United States
4008 Posts |
Keep in mind, Hawk, that when an investment goes up like a rocket, it is likely to come back down the same way... and usually with a big BOOM! at the end of the ride.
Gold seems invincible these days with higher and higher prices on an hourly basis. Still, one would think that it is over-bought at these levels and could be due for a correction.
One problem, though, is that for gold to sell off, the dollar just about has to gain strength and a lot of it. I don't see many things these days that are adding to dollar strength. :-/
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Pillar of the Community
United States
667 Posts |
Gold is more like a YO - YO today, up then down then up then down. |
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Pillar of the Community
United States
3670 Posts |
"One problem, though, is that for gold to sell off, the dollar just about has to gain strength and a lot of it. I don't see many things these days that are adding to dollar strength. :-/"
That is just it Ed, the one thing that will always be in Golds corner, the idiots pushing the buttons that created this mess, by destroying the dollar....
I heard on the radio today, the Feds released some info that basically was padding the public for another 2 year recession, which we all know will more likely be a depression. They candy coat everything. Oh, and the last recession never ended, or maybe it did in the fantasy land they are living in....
I don't see gold taking any significant pullback of more than lets say 300 dollars, anytime in the next two years, and we all know that two years may turn into five or ten or beyond.....
Edited by Silverhawk74
08/10/2011 01:29 am
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Pillar of the Community
United States
931 Posts |
There is never a recession if you are on the government train. Then you retire making more than you did while you were working.
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Pillar of the Community
United States
1026 Posts |
Well like what Gold is doing today!! Never can figure out the stock market since the Asian markets went up a little and ours yesterday did good thought they would go up a little today but just looked down like 360 points?
Good for gold prices though, personally I see no good for the markets at all I agree with someone posted here think they will drop to around 7000 before it is done.
I also think it will not be to long before Silver takes off.
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Replies: 20 / Views: 2,288 |
Posted 08/08/2011 11:45 pm
