Next Level: GOLD $1,350.00

I'm skeptical that equities will rebound as much today. Another correction in that market and the associated negative news about the slow economy may find more buying opportunities. Just hope investors have money to prop up the market and rebound after this summer to disprove the slow down again. It seems too much of a drag on those hurting in this slow down to keep slipping like this.

 

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CURRENTLY: In the US market for Thursday 8/12/10...

GOLD: $1,207.20
Silver: $17.97
Platinum: $1526
Palladium: $474

Another unemployment report out this morning indicates another jobless claims increase.

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CURRENTLY:

GOLD: $1,212.40 -- High $1,214.80
Silver: $18.03
Platinum: $1526
Palladium: $474

 

CURRENTLY:

GOLD: $1,216 -- High $1,216.50
Silver: $18.06
Platinum: $1527
Palladium: $473

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I thought that there was some news earlier this week that the Fed was going to buy Treasuries by using mortgage debt that has matured. This might have something to do with the upswing that we are seeing in the metals. There might be some technical reasons for the gold upswing as well.

 

I too cited an interesting article this week in an earlier post about the Fed that I thought would have some effect on things.

 

That all sounds too technical and complicated to me! LOL...

 

You're not alone, there's alot of us who get "high" watching the price of gold. We may be approaching that time frame that all the experts have been talking about when gold will hit $1500 an oz! With all the talk about the unemployment rate going up and staying dismal and the housing prices continuing to go down, gold continues to go up!! Sure it's too early to tell but it will happen, it's just a matter of when!

 

CURRENTLY: In UK/EU markets for Friday 8/13/10...

GOLD: $1,215.50
Silver: $18.11
Platinum: $1537
Palladium: $476

US market opens in an hour fifteen minutes...​

 

CURRENTLY: In the US market for Friday 8/13/10...

GOLD: $1,216.70
Silver: $18.10
Platinum: $1534
Palladium: $477

 

Rising today....who's going to let the air out? We know what's going to happen.... =/

 

http://www.kitco.com/reports/KitcoNews20100813DeC.html

 

CURRENTLY: Over night in the Asia-Pac markets for Monday 8/16/10

GOLD: $1,218.20
Silver: $18.26
Platinum: $1532
Palladium: $480

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Nice overtime numbers......actually, very nice.....

 

:thumb:

 

Gold is going to shoot through the roof if the fed actually follows through and starts to purchase those treasury notes like they said they were going to.

just hold on for the ride. i think buying is a bit late at this point. i think silver is going to go up with it. i would be searching for ASE now before they start going up as they are easier to buy than gold is. local dealer had them for 27 a piece which i thought was high but she has to make money to.

 

OMG! 27 for ASE is insane. Mama has to eat too but not steak & lobster every night!!! You can even buy ASEs online and have them shipped for way cheaper! Besides that gold is just as easy to buy than silver, supplies are not limited, there are many dealers and outlets for it. All it takes is the cash, for some that is the only difference.

CURRENTLY: In UK/EU markets for Monday 8/16/10

GOLD: $1,222.30
Silver: $18.24
Platinum: $1538
Palladium: $484

US Markets opening in about one hour twenty minutes...

 

CURRENTLY: In the US market at the open for Monday 8/16/10

GOLD: $1,225.80
Silver: $18.26
Platinum: $1539
Palladium: $478

 

gold high - $1,128.20/oz.
silver high - $18.51/oz.

 

CURRENTLY:

GOLD: $1,227.60 -- High so far today $1,228.20
Silver: $18.49 -- High so far today $18.51
Platinum: $1541
Palladium: $485