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chisel. perhaps explain why and where you think people like myself are wrong? or can you not - and therefore can only manage comments like that one above..
re the previous poster - imho yes, but do your homework i suggest. im not giving advice, just sharing my thoughts (writing it down helps me think more clearly) |
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improving figures from the US will see a continued Dollar rally, Iav closed out all positions now. Things have changes on the short intermediate term.
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short term i agree. gold contracts with china are meant to be settled early january and 29th of january i believe - so these dates could be pretty crucial.
in the meantime, other things that could have an effect, are copenhagen for one. obvisouly that is right on top of us too. as well as that, i still think there is a danger of israel/iran conflict in the near future too, which could have further implications. |
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RE: the gold shops.
As said above they are buying your gold not selling it to you. Why are they so popular? Well, simply because the circumstances are right for them to be a middle man. The scrap gold has to be reprocessed and this costs money to do. There has to be a decent enough market price to cover the cost of reprocessing to make the operation viable. Since there is also a huge demand for it, (and we are not talking about jewellery here), then the middleman can use the niche. If you so believe in the shoeshine boy theory, then the shoeshine boy is selling his gold not buying it. Regardless I'd bet that the high majority of these scrap gold buyers are neither net sellers or net buyers, just middlemen in the reprocessing game. |
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Sovereign rings and big hooped earrings are back in vogue, they'll be dancing in the streets of Chingford.
Saw one of those sh1te adverts today offering a 20% cash bonus on top, now, I might be missing something, but they are either offering silly scrap prices or someones sh1tting their pants. |
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How to get a fair price (apparently)
http://news.bbc.co.uk/1/hi/uk/8400215.stm |
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its plunging!! wheres d new support??
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hold nerve and buy buy buy imo
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dollar rally tho aint goin against that
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as jim henson says the gold shops are merely taking advantage of the fact that the price of gold is historically very high and there are lots of skint people about who can be persuaded to sell their gold at low prices
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^^^ also the case.
things could go either way depending on the politics. if things carry on as they are, with obama in charge, gold will go up up up and dollar down down down. if however he is kicked out, and the us returns to consitutional government (not been there in decades), american national debt will be paid off in gold by the world's gold owners (fed rivals) who want to take back control. if this happens, they will invest heavily in america and the dollar will go back up up up , and gold back down a bit. |
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the speculative levels that have being reached have being doused in reality once again,this is very healthy move ,will pull out a fibinoaci to see where this will go. Gold to near the 1100 mark.
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out today
10/12/09 14:36 Finished Sell Zurich gold Pounds 22,171 26/03/06 18:50 Finished Buy London gold Pounds 10,305 |
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dont spend it all at once
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interesting graph here re. value of gold. suggests its currently over-valued but will be the right price in about 4 years time if yr patient!
http://www.housepricecrash.co.uk/forum/index.php?showtopic=131770&st=105 |
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Gold has raced ahead of itself,its consolidationg now, lot of people got burned in Gold,heat taken out of it.
Taking a position would be a gamble |
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wait until the dollar gets crushed, and the yanks return to backing it with gold, or at least back a percentage. it would mean a revaluation of gold and silver and push the nominal price considerably higher. i ssuspect this is what will happen - when i dont know. although as you know i expect obama to be out by about feb, at which point his replacement will likely take the above actions so it could be just around the corner.
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all hinges on the politics.
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Dollar to rally strongly, improving figures from the US will smash into the euro which has its own problems, Greece,Spain an Ireland will be dragging the currency down. Dubai world will also strenghten the dollar move along with grumblings from eastern europe.
Gold in for bigger falls, US Dollar to be king again or more like the emperor with no clothes!! Once signs that stimulus in the US is proving ineffective the currecy will weaken again as Bernake an his printing press boys will be going into overload again, then Gold will shoot for the stars!! |
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a fair assesment wp
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DonWarro 08 Dec 13:02
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. Don , Honestly. Look at what you write. You are going on about the dollar getting crushed. An Iran /Israel war . The fed being behind the opening of gold shops, so that they can pay teh Chinese!! You are absolutely**ers!!!! And by the way. Gold shops are opening up because all of a sudden Gold is worth more, so the business is viable, They will buy it cheap and sell it on for a profit..Nothing sinister in that |
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More pain for holders of Gold
Bullish on it in the 2nd half of next yr |
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Biodiesel 10 Dec 23:44
Dollar to rally strongly, improving figures from the US will smash into the euro which has its own problems, Greece,Spain an Ireland will be dragging the currency down. Dubai world will also strenghten the dollar move along with grumblings from eastern europe. Gold in for bigger falls, US Dollar to be king again or more like the emperor with no clothes!! Once signs that stimulus in the US is proving ineffective the currecy will weaken again as Bernake an his printing press boys will be going into overload again, then Gold will shoot for the stars!! Iam gone very bearish on the markets wer in for some big sell offs |
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yep up 40$ in last 6 days....
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up to 1100...
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See the high street offering to buy gold at
6.50 a gramme now :) |
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6-70p now.
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1134-80
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£7-00p today...
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1122
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think gold should be bought on its dips, going by my indicators its in a long term bull move
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Still £6.50
where i LIVE :) |
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going by my indicators its in a long term bull move
:^0 you couldn't make it up |
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Will go up to 2000 dollars by the end of the year I have been informed by a good judge.
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Now
£7 a 9 gram at cash converters ![]() |
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Is that Judge's name Jules per chance digdeep?
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down a bit...appears to be 1233
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1000 euros an ounce
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Just keeps rising
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1221
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