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Biodiesel
12 Nov 09 14:59
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Date Joined: 04 May 05
| Topic/replies: 1,195 | Blogger: Biodiesel's blog
Looks like we could have a intermediate dollar rally

Gold in for tasty correction

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Replies: 88
By:
Murgutpura
When: 12 Nov 09 15:25
how much have you got to sell and have you sold it.
By:
Biodiesel
When: 12 Nov 09 15:30
sold out of my Gold position, if this is a dollar rally a good buying op will represent itself again.

Gold wont go below $1000 again tho
By:
Leven
When: 14 Nov 09 10:09
So gold couldn't rise WITH the dollar?
By:
towers21.
When: 15 Nov 09 12:09
even the sun was pushing the buy gold line last week - agree probably looking at a drop to take out the suckers but those who have been it for a long time have no worries
By:
towers21.
When: 16 Nov 09 00:05
well gold has just opened at 41125 AND DROPPED TO $1122.5 ... maybe not just yet!
By:
towers21.
When: 16 Nov 09 10:18
$1133.50 now
By:
crediter
When: 24 Nov 09 00:56
1166.....
By:
Sir Denis Eton-Hogg
When: 24 Nov 09 01:49
but can you eat it?
By:
Mrben
When: 24 Nov 09 03:07
lol if gold is up 40$ since the original post is it correcting?
I say BUY gold on any dips.If the markets fall and gold reverses its a great buy.Im getting ready to enter the gold market on the next dip.What chance gold goes to 3,000?
By:
teo813
When: 24 Nov 09 03:22
I am waiting for gordon brown to buy.

Then I will sell all my gold. ;)
By:
DonWarro
When: 24 Nov 09 13:55
mr ben - gold will surpass 3k in due course - within couple years imo. there may well be a dip in the near time because the rush to gold has been quite quick of late,, but that in itself is not certain, and it may simply keep on increasing steadily. its a response to devaluing of currencies, dollar etc. central banks loading up.

anyway, go lonnnnnnnnng on silver - much more room for growth. always lags behind the gold bull, and has a lot of catching up to do. im looking for $25 an oz pretty quick. double that again in a year or so.

and fyi, the imf clearly knows something. sold a load of gold to india, and took their payment in silver! they know the percentage increase for silver is likely to be much higher than that of gold, imho.
By:
crediter
When: 24 Nov 09 19:50
1170
By:
unitedbiscuits
When: 25 Nov 09 13:53
Don Warro, where do you buy silver, please?
By:
Gooseman
When: 25 Nov 09 13:53
silverworld
By:
catfloppo
When: 25 Nov 09 14:33
I got some from goldmoney.com
By:
unitedbiscuits
When: 25 Nov 09 17:02
Thanks guys, some shrood heads on here so I hope Don Warro is proved right but this is a forum on a gambling site so no complaints about a wrong call. Whether we like it or not, the financial rollercoaster wins or loses us more than gambling ever could!!
By:
unitedbiscuits
When: 25 Nov 09 17:52
I googled silverworld and got a tattoo site so I registered with goldmoney.com. Thanks. I'll get back to you guys this time next year!!
By:
structuredbet
When: 25 Nov 09 21:33
donwarro do you have a link to the gold for silver story?
By:
DonWarro
When: 26 Nov 09 11:59
just been looking for the article but cant find it now ffs. def 100% read it.

i think what is happening is that the gold for silver exchange is a sleight of hand. they want us to think they're selling their metals.

fact is, imo, we are in the early transition period of moving back onto a gold standard here in the west. the US dollar will soon be worth 5% of its current value imo , prob within a few months. pound not worth much either!

currently jp morgan has enormous SHORT exposure to silver, which it took on from bear stearns. they have been unsuccessfully trying to hold silver back because these short positions may well destroy them, however they are beginning to now unwind and that will be reflected in the price of silver over the coming months.

incidentally, the united states mint has also announced that production of gold and silver is now on hold.
By:
crediter
When: 26 Nov 09 16:55
1187
By:
Biodiesel
When: 26 Nov 09 19:58
I said sell gold at 1130 it went near 1100 and I went and bought in again.

It looks like gold is decoupling from the dollar.

Some shrewd contrarians are buying more dollars again tho

The fallout of the dubai default could be severe, dollar could be the safe haven again.

Gold is the long term play of this century,minor an major corrections will be on the way tho
By:
Sir Denis Eton-Hogg
When: 26 Nov 09 22:39
Biodiesel 26 Nov 20:58
I said sell gold at 1130 it went near 1100 and I went and bought in again.


as you do :^0
By:
towers21.
When: 26 Nov 09 23:02
something dodgy is afoot ... whats happend the past seven hours\?

http://www.goldprice.org/spot-gold.html
By:
Biodiesel
When: 27 Nov 09 13:09
sold my gold last night at 1190, lucky as the devil

tasty correction now could get very nasty
By:
Sir Denis Eton-Hogg
When: 27 Nov 09 13:37
tasty correction

i dont know much about financial trader-speak but i'm guessing only t0ssers use phrases like this. actually that probably means all of them
By:
DonWarro
When: 27 Nov 09 13:39
think ill keep buying :)
By:
Jim Hensen
When: 27 Nov 09 15:55
$1200 has been a milestone event in many a forecast/commentary for a year or more, so it is no surprise that it meets some resistance around this point. The last few weeks has seen pretty much one way price moves which is not the norm really, and so some volatiility around the $1200 mark is nothing too shocking in my view. A few good trading opportunities, but I am not planning on being too courageous with them as it could easily go against you on a big movement, which the climate is easily set up for.
By:
Narcolepzzzzzz
When: 02 Dec 09 10:35
$1211
By:
Biodiesel
When: 04 Dec 09 18:32
how long can the dollar rally?? Gold needs a support, 1140???
By:
Biodiesel
When: 04 Dec 09 18:55
Gold could fall below 1100,their wer too many people bullish on it, contrarians right again!! Dollar could go to 143. to d euro
By:
bigH
When: 07 Dec 09 16:48
now 1147
By:
vbgdfbgbgfb
When: 08 Dec 09 11:00
gold isnt as good a bet as its being made out to be, everyone and I mean everyone is in on it.
By:
DonWarro
When: 08 Dec 09 11:10
im pretty sure most people in the street are not in on it. perhaps you know otherwise, but from what i see the average numpty is more interested in trading in their jewellry for cash still.

anyway, as i said before, im liking silver even more so. but gold is only going up long term and and short term drops are just buying opportunities following profit taking which will always happen. you have to remember that investors are adopting different strategies - some trade long term and some short term.

in short i still happily buy gold now.
By:
vbgdfbgbgfb
When: 08 Dec 09 11:17
I did just buy gold to be honest at 1157 about 10 minutes ago.

Which followed some fast selling, pain!
By:
vbgdfbgbgfb
When: 08 Dec 09 11:20
I live in a small town in Leicester called Blaby, we have a small high street and I mean small just has a few shops.

Low and behold a Sell your gold shop has popped up and want your unwanted jewelry.



These companies you see popping up everywhere and even on telly, are they just in this for the expected Gold price hike?

Coz unless this gold rally is 100% these guys are wasting there time
By:
uptheowls
When: 08 Dec 09 11:54
They are offering to buy your Gold, not sell you some, so ineffect they are no more than Pawnbrokers with the weak hands selling out to the strong hands.
By:
DonWarro
When: 08 Dec 09 12:02
all these companies that are offering to buy your jewellry - the FED is ultimately behind it. they are desperate to get gold to pay the chinese - no big holders will exchange it for what they see as near worthless paper, or at least will be soon (the dollar). it's not just the debts they're trying to pay this way - they have to replace a sht load of fake gold (tungsten) that they sold to the chinese over the past few years which the chinese have now discovered.

so the gold buying shops are here to stay for the forseeable future, since they KNOW the price will be going up. the holders of the world's gold are taking back control of the world from the fed.
By:
vbgdfbgbgfb
When: 08 Dec 09 12:13
wow, your a wise man!

So the chinese want there money back off the US via Gold. This must mean the dollar against gold should widen.

Is this a good hedge bet?
By:
chisel
When: 08 Dec 09 12:25
Honestly

You couldn't make it up!!! What planet are some of you living on??
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