What's that noise? Is it the bubble popping?

Gold down 3%, new life for the dollar?

 

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It might be the debt bubble popping. For gold, some of the big players who need to raise money quickly to cover other positions will no doubt sell today because gold is so easy to sell. If gold drops $100 over the next week it is probably a good buying opportunity.

 

Central banks in Asia are not buying gold just because it is pretty.

 

I agree with cloudsweeper, if gold dips a good $50-$100 bucks, don't frown on it, use it to your advantage to buy more.

You know there are always people sitting on the fence waiting for gold to dip.

When it was at $1000-$1010, there were voices waiting for it to hit $900, even $800....and it never did.....

I admit, I pulled the trigger too soon on Wednesday. This was before the dubai story came out...

But in the long haul, all "should" be well....

 

gold might dip, but it isnt going anywhere but up.

 

Well, it's still dipping! Is Nadler right? Is this the time to sell, while you can still get something for it? Down to 1166 now, how low can it go?

 

The next shoe to drop is the commercial real estate bubble.....when those start defaulting over the next few months....we'll be in crisis once again. There's nothing too rosy looking about the dollar. I believe more than ever that because of our fiscal irresponsibility, it's very possible that it's headed for collapse.

I hope gold goes down a bit....so I can buy more.

Nightowl

 

Dubai is the only reason the dollar has any life right now. It'll go down soon, and gold will regain. And Nightowl is right...wait for the commercial real estate bubble to pop. Gold and guns, guys. Gold and guns.

 

The noise is more ppl buying more gold! Yeah it's down right now but it won't be for long. It may dip and dangle, but it's gonna go thru the roof!! You know we will be sending more troops to Afganistan and what will happen to the dollar if that happens?

More power to the gold price, I would think. :bow:

 

Maybe Nadler will be right, but I consider it a low probability bet. Markets never move in a straight line for long, and there is nothing unusual about the price backing off a percent or two [or more] from the high before resuming the climb. The floor for gold is probably in the $800 to $900 range, close to the total cost of production. Anybody nervous about that should sell because it isn't worth losing sleep over an investment.

 

Looks like you could be right! Over $1,200 now.