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10-07-2009, 09:15 PM
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#3 (permalink)
| | Coin Collector
Join Date: Apr 2006 Location: Connecticut
Posts: 1,237
| Quote:
Originally Posted by Bazz While I wouldn't expect this to happen tomorrow, they have talked about taking the value off of the US dollar because of its weakness and using a "basket" of currencies. This would include gold. If that's the case then those of you with gold can simply enjoy the ride. | Right. I'm on the bus. What I'm hearing is that the oil barons no longer like the US dollar. In order to buy oil on the world market you now need yen, yuan, euros or GOLD. So there is a scramble to obtain gold. And that is in order to obtain oil. Anyone hear differently?
I am bullish although not buying into this high. I'll hold what I have and not sell. As long as it closes above a thousand every day I am on this wave.
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10-07-2009, 09:26 PM
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#4 (permalink)
| | Coin Collector
Join Date: Apr 2006 Location: Connecticut
Posts: 1,237
| Quote:
Originally Posted by GMDSPQR The last two days have been crazy. Who knows what gold will do? The gold market is not rational | Yup it's a buying frenzy. Only not me, not now. Either it will force the lows to stay above a thousand or I don't believe it. If the closing lows stay at any figure with four digits I'm buying into it.
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10-07-2009, 10:21 PM
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#5 (permalink)
| | jasmine
Join Date: Jan 2007 Location: new york city
Posts: 5,391
My Mood: |
Gold break all time record high again. Right now gold high is $1,055.30 an ounce.
silver high is $17.90 per ounce.
Last edited by elaine 1970; 10-08-2009 at 02:49 AM.
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10-19-2009, 04:25 PM
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#6 (permalink)
| | Coin Collector
Join Date: Sep 2004
Posts: 1,072
| Quote:
Originally Posted by GMDSPQR The last two days have been crazy. Who knows what gold will do? The gold market is not rational | Reminds me of the old old saying in regards to markets and the like:
"The market will remain irrational longer than you or I can remain solvent"
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10-19-2009, 05:13 PM
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#7 (permalink)
| | jasmine
Join Date: Jan 2007 Location: new york city
Posts: 5,391
My Mood: |
new high for today at $1,064.30 per ounce.
Last edited by elaine 1970; 10-19-2009 at 05:27 PM.
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10-08-2009, 05:05 AM
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#8 (permalink)
| | Member
Join Date: Apr 2009
Posts: 835
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Just curious...if there are all those "short" contracts out there for silver (as we've been hearing about in other threads), won't there be an even greater explosion in silver than gold...as investors "cover their shorts"?
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10-08-2009, 08:50 AM
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#9 (permalink)
| | Coin Collector
Join Date: Apr 2006 Location: Connecticut
Posts: 1,237
| Quote:
Originally Posted by yakpoo Just curious...if there are all those "short" contracts out there for silver (as we've been hearing about in other threads), won't there be an even greater explosion in silver than gold...as investors "cover their shorts"? | I'm rooting for silver too. Back when it went up to $20 I didn't sell.
I quit buying when it cost $17 to obtain a one oz bar.
It is about time silver makes a move. Long overdue.
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10-08-2009, 12:57 PM
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#10 (permalink)
| | jasmine
Join Date: Jan 2007 Location: new york city
Posts: 5,391
My Mood: |
All time record broken again today. Gold at $1,059.60.
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10-08-2009, 01:12 PM
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#11 (permalink)
| | jasmine
Join Date: Jan 2007 Location: new york city
Posts: 5,391
My Mood: |
As of this writing:
Gold $1,057.80
silver $17.83
platinum $1,342.00
palladium $321.00
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10-08-2009, 01:19 PM
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#12 (permalink)
| | Perplexed
Join Date: Feb 2009
Posts: 252
My Mood: |
I like the part where elaine spams gold info ad nauseum.
__________________ Passwords are for wimps. I rely solely on superstition for my computer security. |
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10-08-2009, 01:27 PM
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#13 (permalink)
| | jasmine
Join Date: Jan 2007 Location: new york city
Posts: 5,391
My Mood: |
Give you more info: New high is $1,060.80 an ounce. And is heading to $over $1,100.00.
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10-08-2009, 01:29 PM
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#14 (permalink)
| | krispy
Join Date: Jun 2009 Location: Brooklyn
Posts: 2,597
My Mood: |
I don't know about $1100 this week. Not that it can't, surely PMs move that much in a day. You think so?
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10-08-2009, 01:32 PM
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#15 (permalink)
| | jasmine
Join Date: Jan 2007 Location: new york city
Posts: 5,391
My Mood: |
Record erase again, it is now $1,062.40 an ounce. It is possible to reach $1,100.00 tomorrow or next monday. That is my guess. And i hope so.
Krispy. I assure you. Those gold that i bought. Will never sell it until i really need them.
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