Next Level: GOLD $1,350.00

PMs in U.S. CLOSING on 12/08:

Gold at $1,129.30
Todays HIGH $1,123.50 / LOW $1,154

Silver at $17.57/oz.
Todays HIGH $17.51 / LOW $18.03

Platinum at $1,416/oz.
Todays HIGH $1,454 / LOW $1,404

Palladium at $372/oz.
Todays HIGH $380 / LOW $363

 

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it seems to be side stepping tonight will china take the the bait and sell
in my op no. there to clever for that
there not the ones with the debt ireland like the the us likes to borrow to much
i know there is a large difference but per head of pop
just a thought
we have a very nice budget tomorow and like the us the tax payer comes out the the worst
at the present gold is at $1128.59
dave

 

Uhh..the New York opening (and close) was interesting..but not the way I thought.

At any rate, there's a raft of predictions for a short correction and a range next year of $1300-1350 gold in 2010 with the Euro trading at about $1.60.

 

LMAO,

Thanks I really needed a laugh today, its been one of those days you'd like to do over.

 

We all have those days.

With all the media on Tiger Woods, he's had enough. He feels his image has been tarnished.

So he's changing his name to Cheetah.

 

It will be interesting if gold stays above the 30 day MA. If not, I suspect it will consolidate in the $1050 - $1100 range then move higher after the New Year. (My New Year Contest guess was $1068 )

The dollar is strengthing on an improving economy, but inflation fears should keep a floor under gold for a while. I suspect prices will continue to rise through the first half of 2010, but begin a sustained down trend in late Summer, early Fall...in anticipation of higher Fed rates after the elections.

That's my guess...it'll be interesting to see what actually happens?

 

There she blows! MetalBidAsk Gold$1,122.00 $1,123.00 ($19.90) Silver$17.42 $17.47 ($0.33) Platinum$1,401.00 $1,411.00 ($31.40) Palladium$358.00 $363.00 ($12.30) Updated:12/9/2009 11:57:53 AM CST

 

Currently Gold: $1,120.50

High today $1,147.60/oz.
Low today $1,116.30/oz.

Currently Silver: $17.37

High today $17.89/oz.
Low today $17.30/oz.

 

I just......don't.....know.......what.......to.......say.......

 

How about this, "Now where did I hide all that cash I was planning to buy more ounces with?" :eating:

 

I got my box of cash sitting right here besides me just waiting for the right time!

 

All that cash went out the window when I bought my gold at inflated prices!!!

 

No it didn't! I got it right here! it came when I sold all that gold at inflated prices!

 

Yes, I have much to learn...

Shame on me, here I thought I actually had some sound fundamentals about our monetary policy...

 

No worries! Just give PMs a little time to go back up and you can say you always had the fundamentals.

 

Fools_Gold

Don't feel bad its not a real loss untill you decided to sell if ever. All you really lost was time and maybe a little confidence. It happens to everyone. If you want to feel better about yourself watch cnbc the last friday of every month when they do there bad trade segemnt and the pundits get clalled out on national televions.

 

The fundamentals will be right to buy again soon!

 

Wow, that's interesting, didn't think anyone would want to be called out on TV. That would definitely be entertaining.

The Kramer issue earlier this year was entertaining as well, especially when he went on Jon Stewart's show.

 

YouTube links for: Jim Cramer vs Jon Stewart

 

Currently Gold: $1,128.10

High today $1,147.60/oz.
Low today $1,115.20/oz.

Currently Silver: $17.42

High today $17.89/oz.
Low today $17.09/oz.