Near term gold: goin’ up or down? Gotta crystal ball anyone?

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  • Wed, Nov 11, 2009 - 05:09am

    #11
    Peak Prosperity Admin

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    Re: Near term gold: goin’ up or down? Gotta crystal ball …

Hey thanks guys…..your kind words made my night!

All the best

  • Wed, Nov 11, 2009 - 04:27pm

    #12
    Peak Prosperity Admin

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    Re: Near term gold: goin’ up or down? Gotta crystal ball …

No crystal ball here. I am too busy with work to stay on top of the markets and make short term moves, so I keep it simple. When the yellow metal is in my price range I buy; when it is above it, I just sit tight and get on with life.

 

Tarjan

  • Wed, Nov 11, 2009 - 05:25pm

    #13
    Peak Prosperity Admin

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    dumb question….

[quote=JAG]

 and convert it to PMs post-crash when they become available again

[/quote]

Hate to admit my ignorance for such a seemingly common term, but what are PMs?

 

 

  • Wed, Nov 11, 2009 - 06:11pm

    #14
    Peak Prosperity Admin

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    No dumb questions …

Hate to admit my ignorance for such a seemingly common term, but what are PMs?

Precious Metals

  • Wed, Nov 11, 2009 - 06:18pm

    #15
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    No dumb questions indeed.

It took me a few months to figure out what LOL, FWIW, ROFLMAO, etc meant (its funny…I knew instantly what “WTF” meant…me and my potty mouth I guess)

Yoshhash…sorry…I should have wrote bullion instead of PMs

  • Wed, Nov 11, 2009 - 06:45pm

    #16
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    Re: Near term gold: goin’ up or down? Gotta crystal ball …

Dang.  And this whole time I thought it stood for “Pinup Models”.  Now what the heck do I do with all these magazines? Laughing

– Nickbert

  • Wed, Nov 11, 2009 - 07:40pm

    #17
    Peak Prosperity Admin

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    Re: Near term gold: goin’ up or down? Gotta crystal ball …

 

 Peak Gold .. already  !?

 

 http://www.telegraph.co.uk/finance/newsbysector/industry/mining/6546579/Barrick-shuts-hedge-book-as-world-gold-supply-runs-out.html

 

  • Wed, Nov 11, 2009 - 08:22pm

    #18
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    Re: Near term gold: goin’ up or down? Gotta crystal ball …

As far as paper gold, my impression is its got some legs… too many goldbugs calling for a correction, and I dont do the techical stuff but the shorting doesn’t seem to have any staying power, thats my current read…  runs will always leave people in the dust, and there’s a lot still sitting on the sidelines, while somebody is buying…  Its not that big a market, when you consider all the dollars sloshing around…

 

FWIW, I would hang out on this site more often, but it is my worst performing site that I visit.  The amount of errors, and the general slow speed of loading the pages makes it not very inviting for me, so much I am not willing to go on past my subscription period.  I’m not saying my PC is in tip top shape and tweaked to the max, but simply compared to everything else I do with the internet this is the worst site, performance- wise.  Its just not worth the bother.

 

  • Thu, Nov 12, 2009 - 05:53am

    #19
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    Re: Near term gold: goin’ up or down? Gotta crystal ball …

Thanks for the input everybody!

I also found these tidbits:

Is Gold in a Bubble? Short answer… Not even close!   http://www.financialsense.com/Market/wrapup.htm

 

From Jon Nadler at Kitco

http://www.kitco.com/scripts/count/count_db.pl?id=2627033

 P.S. 

 Hey JAG,  what does ROFLMAO by the way? UndecidedI couldn’t figure it out.

  • Thu, Nov 12, 2009 - 09:30am

    #20
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    Re: Near term gold: goin’ up or down? Gotta crystal ball …

Just my casual observation and nothing scientific here….the price of gold tends to go down on the day preceeding the 15th of the month in the Asian and European markets.  So this month it would be Friday the 13th.  Then price tends to shoot up again at about 6:00 a.m. EST. 

I’m watching the price very closely today and tomorrow.  Being in Europe I don’t have to get up early.

It’s not a fact, folks, and I could be wrong but this is the trend that I’ve been seeing.

 

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