Next Level: GOLD $1,350.00

Discussion in 'Bullion Investing' started by elaine 1970, Sep 11, 2009.

  1. Otter

    Otter Likes shiny objects

    He is based in Orange County, CA. I have heard him a couple of times on radio and has a podcast as well (I believe). You can Google him and get a lot more info.
     
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  3. fools_gold

    fools_gold Junior Member


    The article is pretty damn long. I started to scroll towards the bottom and there was something about 70% off subscription. The heck with that...
     
  4. fools_gold

    fools_gold Junior Member

    Why the heck is the USD at 77? What happened here? Perhaps we SHOULD print more money considering it doesn't seem to make a difference!!
     
  5. Otter

    Otter Likes shiny objects

    That the Dollar Index...thats the highest its been since Oct...
     
  6. fools_gold

    fools_gold Junior Member

    But I see no reason why it should be remotely close to 77!!?? It was on it's way down to 74......
     
  7. Cloudsweeper99

    Cloudsweeper99 Treasure Hunter

    All markets fluctuate. Nothing goes in a straight line for long. Look at a long term chart for any bull or bear market in just about any stock, bond or commodity and you will see this clearly. Nobody can predict or say for certain why these short term moves happen. Maybe it is short covering by over-leveraged speculators. Maybe some hedge funds are positioning themselves for year end. Maybe one of them needed cash to buy another castle. Maybe some central banks are adjusting their reserve holdings. Maybe it is related to balance of payments adjustments for holiday imports/exports. Maybe some speculators just decided to buy dollars because they thought it was time for a correction in the bear market. Nobody knows. It doesn't matter. Try to use either strict fundamental investing, or technical analysis. Both work. Listening to internet "experts" predict the moves in the dollar and gold doesn't.
     
  8. fools_gold

    fools_gold Junior Member

    APMEX has a current FREE SHIPPING for all orders of at least $1,000!!!

    One day only, tomorrow December 16th. Get your wallets out!!!
     
  9. Yankee

    Yankee Senior Member

    you meen $5000. dont you?
     
  10. fools_gold

    fools_gold Junior Member

    Thanks cloud, I am going to stick with strict fundamentals as that all I can go on. Errr....like to base my decisions on.

    You're right, who knows what is happening behind the scenes, I figured maybe someone had some insights that I wasn't aware of. I was thinking maybe all these banks paying back their loans from the gov't might have something to do with it. But it seems very little compared to the debt that we're in to make a dent.

    But perhaps it's more psychological in the minds of investors to hear that banks are paying back and things are fine and dandy...
     
  11. fools_gold

    fools_gold Junior Member

    no no! $5,000 is till the end of December 31st...

    I just got a notice now that they have a ONE day free shipping for tomorrow ONLY on orders of at least $1,000....

    So if there's anything you wanted to buy, do so now!
     
  12. taurus876

    taurus876 Senior Member


    Uh-oh, APMEX suspects gold is going down and wants to get rid of their inventory while gold is still high.
     
  13. krispy

    krispy krispy

    or they ticked off smaller buyers with the $5K free shipping offer...
     
  14. fools_gold

    fools_gold Junior Member


    I think that is the case. Therefore, by having this one day free shipping allows those that were ready to buy, to do it now. 24 hour window....
     
  15. Otter

    Otter Likes shiny objects

    As much as people would like NOT to be affected psychologically, when there are so many unknowns its hard not to be swayed by emotion to some extent.

    As for repayment amounts to debt, its probably a little more indirect. Loan repayments imply an improving economy allowing the Fed to raise interest rates sooner thereby decreasing the probability of runaway inflation. And then there is time...you may be looking longer term, when many of the currency speculators are looking at mins, hours, or days. So investments have to do with your time horizon.
     
  16. fools_gold

    fools_gold Junior Member


    That's an excellent point. Peter Schiff who has been very bearish on the USD even just said that right now there is money to be made (short term) in the USD if you want to take advantage of it. But over the long run it will continue to lose it's value.

    So I suppose if you know how to get in and get out quickly you can make some money.....with....money... :bigeyes:
     
  17. Danr

    Danr Numismatist

    If I had the dough I'd pick up a bunch of fractional 2009 Eagles with that deal.
     
  18. Otter

    Otter Likes shiny objects

    I wonder how frequently they actually hold inventory betting on a rise in spot(?). My guess is not that often. I suspect it all about spread and volume for the most part. Buy/sell as quickly as they can and take the spread and limit the risk.
     
  19. fools_gold

    fools_gold Junior Member

  20. krispy

    krispy krispy

    LOL! Thanks for the chuckle. I've also seen these selling on TV recently.

    '2010'... 'gold clad tribute proof'...

    '31mg of Pure 24k gold' !!!

    1000 milligram = 1 gram and 1 oz. troy of gold is 31.1 grams (not milligrams), right!
     
  21. fools_gold

    fools_gold Junior Member

    WOW! So basically I can scratch off the gold that they sprayed on!!!
     
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