Next Level: GOLD $1,350.00

Wall Street keeps giving us the term "Double Dip" recession but all I ever saw was one large single dip.The economy looks more like a "Single Dip Depression" with no end in sight.

 

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It's a double dip recession for wall street and washington. For everyone else, local folks and main street, there was never a recovery to begin with....

 

Good point. A lot of people are questioning if there was a "recovery" to begin with from the first economic "dip". The people who lost their jobs and have been looking for a job for 6 months or longer will probably see this as a "Single Dip Depression" with no end in sight. Then again I could be totally wrong on this.

 

Yeah it is hard to have a recovery with a lot of people still unemployed. Not that it will matter because the gov't will just continue to print more money to prop up the "Recovery" and the price of gold, by continuing to go up in $ price, will just sing like a canary telling us what the U.S. Gov't is doing to the value of the dollar.

 

Holding tight in overnight/Asian markets trading for Wednesday, 7/7/10:

CURRENTLY:

GOLD: $1,196
Silver: $17.84

Platinum: $1510
Palladium: $441

Krugman Says U.S. Economy Is Facing a ‘Long Siege’ from Bloomberg.com [7/6/2010]

 

I believe that gold will hit $1350 soon enough, but I also think it will hit $1100 before that. Just a simple opinion, and I haven't had that many barley pops, yet....

 

CURRENTLY: In EU/UK markets...

GOLD: $1,189
Silver: $17.67

Platinum: $1514
Palladium: $438​

US Market opening in just under two hours...
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CURRENTLY: After the US market opening...

GOLD: $1,190.10
Silver: $17.69

Platinum: $1513
Palladium: $440​

 

gold high - $1,195.00/oz.

 

CURRENTLY:

GOLD: $1,193
Silver: $17.75

Platinum: $1516
Palladium: $442​

​

 

gold high - $1,199.90/oz.
silver high - $18.10/oz.

 

CURRENTLY:

GOLD: $1,199.30
Silver: $18.05

Platinum: $1529
Palladium: $445​

​

 

gold high - $1,203.10/oz.

 

CURRENTLY:

GOLD: $1,202.20
Silver: $18.07

Platinum: $1530
Palladium: $445​

​

 

gold high - $1,207.90/oz.
silver high - $18.21/oz.

 

Can anyone make any sense of this article/chart

http://www.economist.com/node/16531196?story_id=16531196

Saying gold will plummet.....

 

CURRENTLY: In EU/UK markets...

GOLD: $1,202.10
Silver: $18.08

Platinum: $1533
Palladium: $449​

US market opening in about 10 minutes...
​

 

CURRENTLY: After the US market open...

GOLD: $1,204.20
Silver: $18.08

Platinum: $1529
Palladium: $452​

 

CURRENTLY:

GOLD: $1,190.10
Silver: $17.79
Platinum: $1515
Palladium: $443

 

CURRENTLY:

GOLD: $1,199.40
Silver: $17.99
Platinum: $1525
Palladium: $449

US metals markets closing in just under an hour...