Next Level: GOLD $1,350.00

I guess we don't have enough world turmoil to hit $1300 yet...

I wonder what evil leader out there would like to make a nasty statement, that'll get gold to $1300....

 

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There were protests in Spain earlier. I guess it didn't have the steam needed either. But just enough for Elaine to raise her pom poms.

 

$1247 now...come on!

Let's hit $1250.....heck, let's hit $1260 so we can close on a little down on $1250!!!

 

CURRENTLY: nearing the close in UK/EU markets...

GOLD: $1,250.70 -- High $1,252.30
Silver: $18.41 -- High $18.47

Platinum: $1531
Palladium: $443

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You know, and $1200 still is not the new floor....I've seen this thing drop below $1200 too many times.....but it's always hovered around it....

 

CURRENTLY: Gold seems to have run out of steam this afternoon...

GOLD: $1,236.70 -- High $1,252.30
Silver: $18.28 -- High $18.51

Platinum: $1523
Palladium: $444​

 

Went over $1250 today, was that due to supply and demand or the US dollar? I don't get it but I'll be on google later to try to put a face on my confusion. Next level== mo money!!

 

Last weeks bad unemployment report, EU deficit fears, Hungary in the news this week, and today, Protests by Spanish govt. workers taking a pay cut in a country with 20% unemployment. Lots going on so you'll need to take a wide overview as you delve into the media coverage.

 

Don't sell the farm yet.

 

Yeah it did lose a little steam. It's at $1236 right now. I'm still very happy with that number...

When it goes into the $1220's that's when I get worried cause then it hits the teens.....and starts to hover around $1200 again....

 

I am hoping for silver to go over $20.00 AN OUNCE then i can get rid of my low grade silver coins.

 

dow jones and standard & poor 500 are expected to drop another 10%. dow jones at 9,000 pts. and s & p at 975 pts. while gold should go up 10% instead to $1,375.00 per ounce. a nice new all time record high. silver, palladium and platinum might follow the stocks down.

 

I thought you were of the idea that gold followed the direction of the DJ. Who's 'expecting' what you are saying now?

 

if gold up $135.00 from its current price. platinum should down $270.00 to $1,250.00 an ounce.

 

Is FEAR the reason?

Do you think this global pandemic of "FEAR" is driving the market now?

If this is so, along with other instances as KRISPY has posted, metals should continue to rise. I am not saying to sell the farm yet. ( I am not a financial advisor). Is this another "Bubble"? Or just another opportunity to buy gold under $2000, Or $2500?

Your thoughts? Am interested in everyones opinion!

 

I concur, that will be a nice sell point.

 

I appologize in advance if this seems just a bit off topic, but it's just as good as gold...

How 'bout that STEVEN STRAUSBERG!!!! :hail:

14 K's in 7 innings!!! Rookie debut sets new club record!!! :goofer:

(ok...I'm done )

 

Opportunity..

My OPINION is, yes, definitely FEAR. Well founded fear (if one looks at the whole global picture.) What do you know of that really has held it's perceived value? Paper dollars? Stock market? Properties? Homes? (I don't mean that facetiously, but rather, seriously.) My OPINION is we're in a 'whole world of trouble', and probably likely to be worse before better. Of course, then, the problem becomes what to do with one's gold and/or silver? A quandary, to be sure. I'm curious, too, what other's think regarding the rise in price of metals. Thank you for asking for "opinions". (Everyone is qualified to give an opinion!)

 

CURRENTLY: In Asian markets for Wednesday 6/9/10

GOLD: $1,237.90
Silver: $18.29

Platinum: $1527
Palladium: $448​

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CURRENTLY: In EU/UK markets...

It seems overnight gold relaxed and platinum is a touch higher, the reverse action of what Elaine predicted a few posts back.

GOLD: $1,235.70
Silver: $18.30

Platinum: $1544
Palladium: $457

US market opening in just under an hour...
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