Mid-afternoon Gold Buying – 3 times now – what’s going on?

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  • Mon, Dec 29, 2008 - 04:14am

    #11

    Tom Page

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    Re: Mid-afternoon Gold Buying – 3 times now – what’s going …

I’m not expert but am not assuming a breakout yet if it’s just one big buyer and light volume.  If gold takes a dip again I’ll probaby buy more; if it doesn’t I’m happy with what I have. Then again, if one thinks the dollar is reallly going to tank soon then one shouldn’t wait to buy gold I suppose.

  • Mon, Dec 29, 2008 - 10:37am

    #12
    Fogle

    Fogle

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    Re: Mid-afternoon Gold Buying – 3 times now – what’s going …

At this moment (monday morning), the gains for gold in dollars is 1.7%. But the gain in euro’s is only 0.16%. While the gains of gold last week did not have a dollar weakening.

What does it mean?

Well, today’s rise is only a rise for dollar-people. Here in Europe the price remains stable. I am going to buy today (or tomorrow) some 1/2 krugerrands. I feel we could have a break-out. But still, when our fiat currencies hit bottom, it will be academic at what price we have bought. I think any price under 1000/oz is good.

  • Mon, Dec 29, 2008 - 12:17pm

    #13

    cejstrup

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    Re: Mid-afternoon Gold Buying – 3 times now – what’s going …

EURUSD has gone up during the day. So that’s probably why the gain is a bit higher in USD than EUR

  • Mon, Dec 29, 2008 - 10:46pm

    #14

    Lemonyellowschwin

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    Erik T., Any Comments on Today’s Gold Action?

I know you’ve been following it closely lately.

  • Tue, Jan 06, 2009 - 11:33pm

    #15
    RSLCOUNSEL

    RSLCOUNSEL

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    Re: Mid-afternoon Gold Buying – 3 times now – what’s going …

 

 

If you enjoyed the US Situation Comedy "Barney Miller" in the 1970’s, you may enjoy this brief 6 minute clip from 1978….

http://tedbits.blogspot.com/2009/01/it-didnt-happen-30-years-ago-so-why-now.html

 

All things come to those who wait….

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