Next Level: GOLD $1,350.00

Looks like everything is taking a beating today. DOW by about -200 and gold down pretty sharply.....but still holding....for now...

 

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Yep, a lot of sell off in equities over concerns in the EU and worries about the Euro. PMs are holding on, just under 2 hours left in trading for the week...


CURRENTLY:

GOLD: $1,230/oz.
Silver: $19.20/oz.


If you're looking for something to take-off then get on over to Nasa TV real quick, STS-132 is about to blast off. These are some of the very last shuttle launches in the history of the program...

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So that's why gold went up...


http://scitech.blogs.cnn.com/2010/05/14/gold-and-diamond-ipad-could-be-yours-for-190000/?hpt=C2

 

LOL! nICE i-bling!

 

Yeah I wonder who would buy that. Do you know how much real gold you could get for $190K!!!??

 

Totally!

Every time a new Apple product / device comes out someone does something like this. I'm sure it doesn't stay in that form very long though and the gold is reclaimed somewhere down the road soon after.

 

Even if I were a multi-millionaire, I'm not sure I could convince myself to buy it. My mind just doesn't work that way.

For $190K I'd rather get a Ferrari...a nice townhouse tucked away somewhere...a sailboat....

I think I would be embarrassed actually to pull out my iPad and tell people I paid almost $200K for it...

I could see pop tarts like Paris Hilton, or Lindsay Lohan buying this though...

 

It's just marketing and names like Paris and Lindsay are just marketing-tools in the industry who rightly would likely been seen with a gold skinned device.

 

were in the up trend to night gold as of open at a high of $1234.86.
now trading at $1233.51

 

CURRENTLY: Lower in UK/EU markets...

GOLD: $1,228.70
Silver: $19.11

Platinum: $1,701

Palladium: $518

US Market opening in 20 minutes​

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CURRENTLY: At the US Market opening...

GOLD: $1,230.10
Silver: $19.22

Platinum: $1,701

Palladium: $518

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CURRENTLY:
GOLD: $1,228.90
Silver: $18.87

Platinum: $1,663

Palladium: $501​

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Over seas shadows wont go away. WE need some postive news to reverse this trend.Any ideas Krispy

 

Pay credit cards in full each month or don't use them if you are just going to continue to carry a balance.


CURRENTLY:

GOLD: $1,228.70
Silver: $18.92

Platinum: $1,671

Palladium: $509​

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Gold trends

"Squawk Box" has been interesting recently. Ron Paul was on this morning, talking about buying gold for around $35 in 1971. Also the head of UXG predicting AU at $2000 by end of year, and the head of Barrick Gold, very bullish, but not wanting to see the metal at $2000 to $3000 per ounce with a repeat of the Weimer Republic's economics.

Also this somewhat paranoid piece on Kitco: http://www.kitco.com/ind/Wieg_cor/roger_may132010.html

Things are not that bad.

Remember gold is priced in dollars. People have been buying gold like mad, not reflected in the current price fully. My gold stocks are down today. Anyone have knowledge about GNXP? Am I a sucker to be fooling around with the gold stocks or the ETFs? :smile

 

"Am I a sucker to be fooling around with the gold stocks or the ETFs?"

I can't say for sure whether you or anyone else is a sucker, but if you have to ask here, then there may be more probability that you do not understand them fully enough to have positions in them as investing vehicles.

CURRENTLY:

GOLD: $1,228.50
Silver: $18.92

Platinum: $1,671

Palladium: $509


Tomorrow, 5/18 monies begin flowing to Greece from the EU bailout.
Greek unions have scheduled a protest strike for Thursday 5/20.
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There is an entire industry out there dedicated to scaring people into believing in economic and currency collapse -- and typically getting paid [in US dollars] to tell you. GNXP is highly speculative, but if we get a gold bubble going, it might go up anyway. There is nothing wrong with owning gold stocks, but the producers are safer than the multitude of exploration companies, most of which will never find an economic deposit that will become a mine. The ETFs are a mixed bag, and you really need to read the prospectus carefully. In my opinion, SLV is probably okay to own but GLD has many serious flaws. But I'm not qualifed to offer investment advice to others so do your own due diligence.

 

Just got back from the mall and I was shocked to see a kiosk for, "WE BUY GOLD!!"

It made me realize that perhaps gold still has many ways to go (up that is) because what these people want is your gold for very little cash. Probably pennies on the dollar...ok maybe nickels on the dollar...LOL..

But I'd assume that these kiosk people are pretty smart and if gold is a bad bet, they would quickly fold up and find something else to make money on...

 

You don't have to be too smart if your business is buying gold for 20 cents on the dollar. I think they are just taking advantage of people who may have to sell because they are out of work and heard that gold prices are up. The kiosk people take no directional risk.

 

That's true....I hadn't looked at it that way from an unemployment standpoint.

These people know you need cash. If you're walking up to one of these kiosks, they already have the leverage.