from 5-18. Looks like I called another one right. " GLD is an exchange traded fund that tracks the price of gold. And yes there is a rumble in the market around gold right now, this is not the first that I heard of it. Gold may pop up soon. I will go out on a limb and say that gold will pop up soon. ($917 today for the record) " http://www.cointalk.com/forum/t53010/
The price of gold in pounds sterling has hardly changed. I suspect that what you are seeing says more about the troubles of the US dollar than it says about gold. Later, John
Gold prices seem to spike overnight. I assume that it's buying in Asia (China?). The US dollar has hit a record low, the the stock market is due to re-test the bottom. I expect gold to edge up, then come back down with the next rally. I see it acting as expected.
Gold and the dollar I think the dollar vs gold is the problem. I am not sure the average family can buy enough gold to stave off inflation. Printing money is bad economics to cover massive buying and lending by the feds. Pep
The first statement is false. The USD Index is still above 80. It's been significantly lower. The second statemen combines a falsehood with a guess. Nothing in the stock market is ever "due." And you are guessing that it will retest. Maybe it will and maybe it won't. But to state is as fact is wrong.
It must have just been a coincidence that the DOW dropped 1.5% yesterday, and gold went up 1.5%. Excuse me, for stating an opinion.
Of course it is a coincidence. Surely you aren't claiming to be able to call daily price moves in advance?!?
Yup. Just check out the prices at your nearest gas station. Once again it's taking more dollars to buy the same fuel that was 2.00 a month ago. The fuel and it's availability hasn't changed.
