Gold Keeps Pounding Away!!

I hear you. Last time I bought two double eagles I gave just north of $1300.0o each and I about choked at that level. I have to believe this rapid rise can’t be good for the pre-33 gold market. I know that I won’t buy at this level.

 

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How do you think I feel when I think about the two I sold at that level?

 

You might see $4,000/oz. if political risk increases. You have hard-core Socialists and others who were never part of the American political scene, moreso Europe.

 

I'm glad I bought some gold and silver at FUN but I didn't have enough $$$ to buy some of the commemoratives I wanted in 2 oz. and 5 oz. size.

 

$1980 overnight on the futures.....up about $15.

 

$1,995 on December futures, up over $25.....

 

I bought 6 BU Saint-Gaudens last year for $1463 each and it was very tough to part with that much! Wanted to get a roll of Buffalos but had to play it safe and talked myself out of it.

 

Where'd you buy the Saints from ?

BU....so just graded by the dealer ? What years and what grades would you give them, AU or MS ?

 

They were an Apmex/ebay purchase "BU random year" I couldn't resist a little below melt after cashback plus $600 ebay bucks. Wish I had some graded Saints for reference, hoping these would make low MS , but the '24 lower left might have been cleaned.

 

Great gamble, happy for you! Are you selling? j/k

 

I bought some gold at FUN but wish I had bought alot more.

 

Yes! When we get to $2,200-$2,300 thought I might sell unless things are going wild

 

Like they say on Family Feud, good answer, good answer!

 

$2K is now resistance, soon it will be the floor.

 

Yep, gold is the little engine that could, it gets really close but it misses the mark! That's okay it's gonna reach it soon enough!

 

Still holding in the low-$1,990's......need something to pop us through $2,000.

 

I'm seeing $2,013 up $27.....

 

How about $2,045? Not bad, not bad at all!

 

I'm seeing $2,060 for the December futures...up another $40. Spot is $2,047 up $28.

 

This is reminding me intellectually of the 2011 blowoff top. Apparently the rest of my brain isn't buying it, though, because I'm not charging around looking for gold to sell.