Next Level: GOLD $1,350.00

Oh yes, it's all the more worth while exploiting disasters in a time of volatility, correction or collapse to appeal to peoples sense of fear thus separating them from rationality and their stuff that lined their pocket books.

 

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CURRENTLY: overnight for Tuesday 6/1/2010...

GOLD: $1,222.10
Silver: $18.56

Platinum: $1,571

Palladium: $470​

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gold high - other part of the world - $1,225.20/oz.

 

CURRENTLY: Currently in UK/EU prices not holding as in 'other part of world'...

GOLD: $1,221.50
Silver: $18.42

Platinum: $1,549

Palladium: $459

US Markets reopen after Monday holiday closure in about 1 hour 40 minutes...
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CURRENTLY: Currently in US markets...

GOLD: $1,228.50 - high $1,229.20
Silver: $18.49 - high $18.51

Platinum: $1,551

Palladium: $458
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CURRENTLY:

GOLD: $1,226.10 - high $1,229.20
Silver: $18.57 - high $18.60

Platinum: $1,554

Palladium: $462
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Wow, good movements overnight!!!

 

gold high - $1,229.90/oz.

 

CURRENTLY:

GOLD: $1,226 - high $1,229.90
Silver: $18.53 - high $18.72

Platinum: $1,561

Palladium: $465
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Anyone want to guestimate the rise recently?


N. Korea/S. Korea issues
BP oil disaster/Possible bad hurricane season
Recent issues with Israel/U.N.
Euro issues not going away


Take your pick!!!!

 

all of the above plus other factors

 

It seems like gold wants to come down, but something keeps bringing it back up.

When we went below $1200 it disappointed me a little since we were at the $1250 door....now it's made up most of it already....

For awhile $1200 was that magic number....especially when I started investing when gold was at $1,000. Heck, it even hit $990 at one point....

Thinking of $1200 seemed like it would take forever and now it's here..

I want to see that psychological $1300 magic number......

 

...and I, how long it will take to reach Elaine's magical $1,350...

 

Is that $1350 a number out of a hat?

 

It was Elaine siding or speculating(?), with no certainty, with unnamed sources over their predictions, that we would see $1,350/oz. by the end of 2009, which we did not... see the very first post of this thread ...as well 'they' / she, called for a high of $1,650/oz. by the end of 2010.

 

LOL!!!! I read the first post, here's the next 2 responses....

He's right so far (regarding $1350)...but wrong on the $1100 being high, look where we are now....

Leadfoot came out swinging on this post!






Anyways, like I said before, when we do hit $1300, $1500 etc etc, I bet it will be very anti-climatic....we'll just wake up and say, "hey lookie, gold is $1500...oh well...I think I'll just wait till it dips to buy...."

hahaha

 

Next Level: GOLD $1,350.00

I don't think it will be a problem at this level. But a couple of weeks ago Squawk Box had the head of Barrick and US Gold Corp. on the program. The former head said that he did not want his descendents living in a world with gold at $2000 and $3000 gold and more because of the social implications. The head of US Gold (UXG) said he expected a rapid rise to over $2000 this year. I guess he is hoping for the apocalypse!

 

Yeah but you know, I'm sure these guys are extremely smart and know what ramifications can happen with gold at those prices....errr...or maybe not?

Remember when gold was say $400? What if you could go back when it was $400 and say, "Did you know in 2010 gold will be $1250'ish?"

I mean, you'd probably get the same guy at Barrick and US Gold Corp saying the same thing back then, "I don't want my kids growing up in a world where gold is $1200-1300 bucks!!"

I honestly don't think the world will be upside down if gold is $2000 an ounce....

Now, if gold were $10,000 an ounce, then you can think that maybe indeed things are bad because $10K seems so over the top pricey...

 

Not really sure it matters what price a given PM gets to be down the road or what it once was compared to the price of today, but rather how quickly it goes from current price to several multiples of the current price in a very narrow time frame that might indicate a world in which one wouldn't wish their descendants living in. Besides that, it is irresponsible of those guys to expressed this, if they were not also consciously themselves working to prevent such a future scenario, were they are as sincere as they claim themselves to be.

 

Next Level: GOLD $1,350.00

The Barrick head was saying that they can mine gold for around $500, so they make dough from the mining and the corporation, itself. If he came on MSNBC like Goldfinger, or some other Ian Fleming villain, it might not be good for business. So he presents himself as Mr. Socially Responsible, it helps him with the liberals, anyway. The US Gold head seemed very cocky to me. His stock has been doing very well lately; nonetheless, I have a standing sell order at a little over $4 a share. I would rather have the metal.