Next Level: GOLD $1,350.00

lol.. it'll be ok...

 

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Don't stay up all night worrying about it.

CURRENTLY: In Asian markets just opening on Wednesday 7/28/2010...

GOLD: $1,162.60
Silver: $17.66
Platinum: $1534
Palladium: $4712

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LOL what do you guys think?

http://sovereignsociety.com/2010/07/27/the-irs-is-watching-you/

 

this is probably considered political but it's not meant that way just as a way to avoid a hassel...

I think it would be wise to watch what happens in november since that's basically the only thing I know of being if the republicans actually win congress back and do what they said they would do...( trash the health care bill) then I don't think the 1099's mess will matter... course if they don't do that then I would sell off alot of investment grade Gold that you feel comfortable with parting from... sounds like a big mess to deal with after jan 1st 2012...congress wonders why they have a 11% approval rating...sneeking stuff through like that...I'm not saying vote for democrat or republican...I think politics is bad on either side basically...

 

Congress is at 11%? WOW, I thought it was just under 30%, I can't beleive it's that bad....

I have been thinking about this myself, I don't know what to do with my PM's if the law actually goes into effect. If gold/silver never actually goes up THAT much to have made it worth my while to own, then to deal with the 1099 on top of that is just icing on the cake for me. And I know this is what the gov't wants, they just want to do whatever they want with our money and make sure that the people go down with the ship....of course, you know they will have golden parachutes no matter how much they cry about CEO's having golden parachutes...

 

yea that's why I said watch for november...maybe that law will go bye bye...

 

There have been several threads on this topic recently, not sure if you guys have been watching them or replied in them, I did follow along for a bit, not only is 'the IRS watching you' but so is CT, most of these threads ended up heated, political and "edited" here's some of them:

Constructive action on 1099 situation

NEW TAX requirements on gold sales over $600 (THIS IS A BIG DEAL)

Gold Coin Sellers Angered by New Tax Law​

 

CURRENTLY:In UK/EU markets for Wednesday 7/28/10...

GOLD: $1,164.60
Silver: $17.67
Platinum: $1545
Palladium: $473

US market opens in approx 30 minutes...

 

I think that's probably the best way to go, and is pretty close to the way I play it. It is generally a good idea to sell a little after a big rise, not to nail down big profits in a frenzy of greed, but to raise some cash to buy it back after the inevitable periodic drop in price. That way, it is possible to maintain and grow your position in gold [or stocks] over time without getting caught by excessive moves either way.

 

CURRENTLY: After the US market open for Wednesday 7/28/10...

GOLD: $1,161.70
Silver: $17.43
Platinum: $1543
Palladium: $473

 

CURRENTLY: After the US market open for Thursday 7/29/10...

GOLD: $1,161.70
Silver: $17.55
Platinum: $1554
Palladium: $484

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CURRENTLY:

GOLD: $1,163.40
Silver: $17.64
Platinum: $1559
Palladium: $488

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CURRENTLY:

GOLD: $1,162.20
Silver: $17.60
Platinum: $1559
Palladium: $492

 

check out this desktop widget. Test driving it now....gonna compare it to my Win7 widget...


http://www.learcapital.com/exactprice

 

Cool! I like the options for use as well. Simple made simple.

 

CURRENTLY:In UK/EU markets for Friday 7/30/10

GOLD: $1,171.50
Silver: $17.67
Platinum: $1565
Palladium: $493

US market opening in approx. thirty minutes...

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CURRENTLY:

GOLD: $1,172.80
Silver: $17.94
Platinum: $1566
Palladium: $492

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gold high for today - $1,182.00/oz.

 

PMs got some legs again today but gold still a long haul to $1,350 at this pace.
Somebody taking profits during this summer slow down with fears of deeper corrections?

CURRENTLY:

GOLD: $1,180.70
Silver: $18.13
Platinum: $1580
Palladium: $502

 

gold high for today is improved at $1,184.60 per ounce. silver at $18.16 an ounce.