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Looks like we could have a intermediate dollar rally
Gold in for tasty correction
Gold in for tasty correction
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how much have you got to sell and have you sold it.
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
Gold wont go below $1000 again tho
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
well gold has just opened at 41125 AND DROPPED TO $1122.5 ... maybe not just yet!
lol if gold is up 40$ 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?
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?
I am waiting for gordon brown to buy.
Then I will sell all my gold. ;)
Then I will sell all my gold. ;)
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.
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.
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!!
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!!
donwarro do you have a link to the gold for silver story?
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.
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.
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
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
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
I said sell gold at 1130 it went near 1100 and I went and bought in again.
as you do :^0
something dodgy is afoot ... whats happend the past seven hours\?
http://www.goldprice.org/spot-gold.html
http://www.goldprice.org/spot-gold.html
sold my gold last night at 1190, lucky as the devil
tasty correction now could get very nasty
tasty correction now could get very nasty
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
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
$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.
how long can the dollar rally?? Gold needs a support, 1140???
Gold could fall below 1100,their wer too many people bullish on it, contrarians right again!! Dollar could go to 143. to d euro
gold isnt as good a bet as its being made out to be, everyone and I mean everyone is in on it.
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.
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.
I did just buy gold to be honest at 1157 about 10 minutes ago.
Which followed some fast selling, pain!
Which followed some fast selling, pain!
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
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
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.
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.
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.
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?
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?
Honestly
You couldn't make it up!!! What planet are some of you living on??
You couldn't make it up!!! What planet are some of you living on??
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)
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)
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.
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.
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.
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.
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.
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.
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.
How to get a fair price (apparently)
http://news.bbc.co.uk/1/hi/uk/8400215.stm
http://news.bbc.co.uk/1/hi/uk/8400215.stm
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
^^^ 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.
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.
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.
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
10/12/09 14:36 Finished Sell Zurich gold Pounds 22,171
26/03/06 18:50 Finished Buy London gold Pounds 10,305
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
http://www.housepricecrash.co.uk/forum/index.php?showtopic=131770&st=105
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
Taking a position would be a gamble
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.
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!!
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!!
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
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
More pain for holders of Gold
Bullish on it in the 2nd half of next yr
Bullish on it in the 2nd half of next yr
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
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
See the high street offering to buy gold at
6.50 a gramme now
:)
6.50 a gramme now
:)
think gold should be bought on its dips, going by my indicators its in a long term bull move
going by my indicators its in a long term bull move
:^0 you couldn't make it up
:^0 you couldn't make it up
Will go up to 2000 dollars by the end of the year I have been informed by a good judge.
now up to £8 a gramme..today.....cash generators.....do they know something.
So, Gold is pretty much the only thing up again today. With so much fear (Korea, Greece, Israel?, ARM resets, etc) Gold is not just 1/USD at the moment. It's going up along with the USD as people move to liquidity and safety.
I think we'll see new highs this month. It pretty much has to go up whatever in my view. If we're doing into deflation it will go up in anticipation of the expansion required to stop it. If the inflationary rates continue, it will go up on that.
I think we'll see new highs this month. It pretty much has to go up whatever in my view. If we're doing into deflation it will go up in anticipation of the expansion required to stop it. If the inflationary rates continue, it will go up on that.
gold everybody seems to want to buy it,yet they know it has very little real value,and when we get it what do we do ,we hope it goes up so we can pass it on,(no good keeping it of no real use,)last man to hold going to be none to happy.
Wh hope it goes up so we can pass it on. Well, that goes for just about everything except a few commodities, doesn't it?
Doing nicely again - new all-time high this week I expect.
Old Head still doesn't want to particiapte in the only bull market in town on a point of principle.
You should change your name to **** Head.
You should change your name to **** Head.
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