Next Level: GOLD $1,350.00

Anything that creates fear or uncertainty could potentially affect the price of gold. Do we agree on that? Incidentally I am at work so if I missed something then forgive me.;

 

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I'll suggest that it is narrower than that...

Anything that creates fear or uncertainty (amongst those prone to be or who are already positioned in metals commodities) could potentially affect the price of gold.

Other oil industry companies are doing very well right now in lieu of BPs disaster and PR nightmare. No rigs are reportedly being shut down in the area due to the spill and the US administration has not changed it's stance on off shore drilling. I feel typical short-term commodities volatility is what we are observing. Equities markets appear strong today as well so the fear seems very focused amongst a certain type of positioned investor. And PMs have leveled off / maintained their positions today, shortly after the UK/EU market close today.

 

Currently:

GOLD @ $1,184/oz. High so far $1,189
Silver @ $18.85/oz. High so far $18.89
Platinum @ $1,730/oz.
Palladium @ $551/oz

 

True, however ppl are kept from doing what they do for a living such a shrimp fishermen. The shrimping industry was just about to start as far as I know. When it comes to an oil spill, it's not the oil companies who are affected as much as the surrounding people and their jobs. It just seems to me that alot of regular citizens are scared for their future and that right there (fear) may boost up the value of gold. We'll see.

 

That's a reactionary response in my estimation... Consider also that trawlers were given the go-ahead to start the season ahead of the looming oil coming ashore, some of the catch has already come in for some of the fishermen and the industry, albeit early. Next, insurance, can claims be levied against BP or whomever is found responsible, if indeed there is a case of fault? Next, trawlers now out of work for shrimping are lining up for jobs to help with clean up, using their boats to help encircle surface water contamination. This is a disaster but there are aspects which will create jobs or temporary work immediately. The long term effect on the gulf and delta will be immense and is yet unable to be assessed. Fears are good indicators to keep investors alert about changing situations, but I don't see the fishermen and related industry in the gulf alone as the core group effecting the price of gold / PMs over this spill. There's too much else going on globally to pin it on this event alone.

 

Currently:

GOLD @ $1,183/oz. High so far $1,189
Silver @ $18.82/oz. High so far $18.89
Platinum @ $1,729/oz.
Palladium @ $546/oz

 

Yeah ya got that right, looks like Greece is sure to stir up some dust tho.

http://www.thestreet.com/story/10743863/1/greece-bolsters-spot-gold-prices.html

 

Hey you know what I was just thinking about the other day?

What ever happened to the Chinese telling their citizens to buy silver and gold?

Wouldn't a country of 1.5 billion make substantial uprise in the PM prices?

I know most of the country is poor, but let's face it, there are still many rich folks in chinese that could buy up PM's...

 

I haven't seen anything other than general suggestions that Chinese demand remains high for gold and outstrips their domestic supply so they rely upon imports. The price of buying imported PMs may require the Yuan to be stronger, or a stronger Yuan may facilitate buying more imports. Regardless, I don't think their appetite has diminished if it's fallen off the mainstream media reports.

 

Another impact of the oil incident are beaches around the florida/miss/la coast.

Does anyone want to swim in them? How many businesses rely on beaches?

 

Probably too many that were also previously impacted or ruined in LA and MS from Katrina. Isn't the panhandle area of FL less populated / in development and still considered more pristine than other parts of central and southern FL?

 

Currently: Opening for Tuesday 5/4 in Asian markets...

GOLD @ $1,183.30/oz.
Silver @ $18.84/oz.
Platinum @ $1,726/oz.
Palladium @ $545/oz.

 

Currently:

GOLD @ $1,180.40/oz.
Silver @ $18.80/oz.
Platinum @ $1,731/oz.
Palladium @ $546/oz.

 

Gold high is $1,190.20 per ounce.

 

Currently: in UK/EU markets...

GOLD @ $1,187.30/oz.
Silver @ $18.69/oz.
Platinum @ $1,721/oz.
Palladium @ $543/oz.

US market opens in 25 minutes...

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Gold high - $1,191.20/oz.

 

Currently: in the US market at the open...

GOLD @ $1,188.70/oz. High so far $1,189.40
Silver @ $18.73/oz. High so far $18.74
Platinum @ $1,722/oz.
Palladium @ $543/oz.

 

Currently:

GOLD @ $1,190.60/oz. High so far $1,190.80
Silver @ $18.70/oz. High so far $18.74
Platinum @ $1,718/oz.
Palladium @ $540/oz.

 

gold high - $1,193.30/oz.

 

Currently:

GOLD @ $1,192.80/oz. High so far $1,192.80
Silver @ $18.74/oz. High so far $18.74
Platinum @ $1,721/oz.
Palladium @ $540/oz.