2009 american buffalo one ounce proof gold.

I have a big amount of 1 ounce gold eagles I am watching the gold price today and my sell finger is twitching on the sell trigger!. I intend to sell half at $1100. and the other half at $1120. Looks like it may happen India pushed the price up buying half that IMF gold at spot and now they are saying China will buy the other half. When that happens the price should spike at least for a while. Looks like today or tomorow. The profit should buy my wife the nice cruise vacation she dreams about!. As you married men know its nice when your wife is happy! LOL

 

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gold high $1,087.60 an ounce.

 

I think todays high is fueled by IMF to India, sale wich we already new was going to happen, some speculated Russia and China would be buyers, todays rise is on pure speculative buying, I see it pulling back to 1050 soon.

 

Pulled the trigger and ordered mine...

 

russia and china might push it to $1,200.00.

 

09 may end like the 07 mintage so are we to expect same premiums as 07s? wich are 3 to 500 over spot depending on grading?

 

Frankly, I don't see how additional supply coming to market pushes up prices...perhaps it's the affirmation that gold is a "buy" at these levels. Sounds more like "irrational exuberance" to me.

 

why? the IMF gold is available to any central bank buyers why should price jump on the actual sale this jump in price is overdone on that news alone people just trying to ride coatails its not enough to hold the price above 1100, imho

 

the AGB play is not a spot play except that spot increases might push people towards buying more bullion than collectable -- if they are investing in GOLD why would they want to pay the premium for a proof gold coin -- which would lower the quantity sold of AGBs....no?

 

So will the buffs go to 1310 or will they stay in the same price range? anyone bothered to check?

 

No way they go to $1,310 unless gold sells off hard before tomorrow's London AM fix

 

If tomorrow's AM London Fix is above $1058...then the Mint prices stay the same.

 

lets hope thats the case... if they dropped there would be a mad rush for them while they were cheep.

 

There's been a mad rush for them while they were expensive. Damn near hit last year's mintage mark in the first couple of days.

 

Isn't that amazing?

 

I know I just hope it sells out 10 min ago.


UPDATE ON 09 Buffalo status:
Order Status: Your order request has been shipped.
WOOHOO should be here in a few days.

 

That would be nice!!!

 

YA DONE GOOD.....:thumb:

 

YA DONE GOOD AGAIN.....:thumb::thumb:

 

D-D-D-D-D-D-D-D-D-D-D-D-DANG !!!!!....:hail::bow::hail::bow::hail::bow: