Next Level: GOLD $1,350.00

What? I come back from a nice drink at starbucks and it's $1172!!?

Now's the time to buy for anyone who's been waiting for gold to dip....

 

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They don't sell gold at Starbucks! LOL! :goofer:

 

I'm confused, did APMEX just increase their premium again?

Gold at $1175 currently, and their asking $1286...

That's a $111 premium over spot!!!

 

EIther they just haven't updated their price (most likely) or they aren't accepting the dip. From a practical point, spot is almost meaningless right now (too strong, but you get the drift). Dealers are buying at a premium to spot and selling at an ever wider spread.

There are two markets, the big boys and the little boys. (Probably) none of us have the resources to play with the big boys -- except maybe Yankee after he has liquidated his Gold reserves

 

These "paper" investors are a fickle lot. They won't get through the first chorus of "Happy Days are Here Again" before the next news blurb turns their sentiment 180 degrees.

How anybody could think that a good (ie: fabricated) jobs report means we have turned the economic corner and are on the path to unbridled prosperity....completely escapes me. Remember Dubai's woes...that was going to be the end of the run because the dollar strengthened...oh yeah, then they woke up.

There's too much crap in the soup for it to smell like soup to me, so when it comes to what they're dishing up today...I'm not hungry.

Nightowl

 

The economy is starting to improve. Unemployment dipped to 10%.

As long as there are continuing positive signs for the economy, gold will fall.

My prediction is gold at $1000 before March 31, 2010.

 

The key to that is "as long as there are signs that the economy is continuing to improve".

Too many job killing bills before Congress for that to be the case....and they're all chompin' at the bit to pass 'em so they can get "their piece of the pie"....at our expense. Then there's social security....a rapidly growing pool of first time benefactors...and a shrinking revenue base. That's another recipe for disaster.

I'm not buying into the "things are getting better" theory. There's no meaningful effort to correct the course we're on. There's not even any meaningful discussion about it.

Nightowl

 

The economy is improving very slowly, but the politicians are trying to make the public believe that everything is great! The fact that Obama just increased troops over to Afganistan is a good indication that the price of gold will continue to grow!!! There are many insecure areas in our economy.

Insecure dollar growth = higher gold prices!! Also, don't forget that our country is not the only one who is in the middle of an economic downturn. Gold will not go down in price for quite some time!! Believe it!!

Is it time to buy gold? I'm keeping my eyes open, that's for sure!!!

 

down to $1,161.40/oz. at the moment

 

Holy cow!!! $1156.00!!!!

The sky is falling!!! LOL....

Wow what a drop!

 

I told ya all to SELL!, SELL!, SELL! but you wouldnt listen. Well I am sure it will go up again in price I know I will be buying all my Eagles back soon by the look of it! No one ever listens to oll Yankee

 

Nor should they

 

below $1,150 now $1,149.60/oz.

 

When Gold is under a $1000 next month, then I will be buying

 

Smart man! I will be buying also! Looks like we dont have long to wait! Gold$1,150.30 $1,151.30 ($66.50) When it gets to $1000. I think I will even buy 2 or 3 Buffalo's along with the Eagles

 

Absolutely amazing...

APMEX still holding onto a $111 premium over spot. They must have bought a bunch very high during the last couple of days....

Yankee really made out!!!

 

APMEX will drop their premium I am sure the price drop speed caught them a little off Gard. Check again tomorrow.

 

will they correct that for the weekend do you think? or did you mean "tomorrow" = Monday?

 

I think today's price drop has caught EVERYONE off guard. there's no reason for it IMO...

Going from 10.2% UE to 10% isn't that huge of a difference....are people that easily influenced that the economy is getting better?

Besides, it's not even 10% it's more like 17+%.....

 

Now things will get interesting...I stopped buying at $1150...what will I do it goes into a holding pattern in the $1100 -- $1150 range