Is gold on the way down? That up there is the bottom line and the reason gold just went up to $1227 an oz and change the other day is b/c there are more ppl in the world now than there ever has been= supply and demand. I think the fear only comes into the equation when small price dips occur like the one that just happened. The doom and gloom crowd is really few and far between!! Anyone who buys gold out of fear needs to get back on meds!! JMHO
I fixed it for you, at least I think that's the saying. Btw Stainless, that avatar is fantastic :thumb:.
What's most amazing to me....is how the loss of 11K jobs is percieved as something good. It's still negative growth. We'll find out in the days ahead how they cooked those numbers. It's all smoke and mirrors. Nightowl
thanks...lol. I was going to put it like that originally, but didn't want to upset the MODS. stainless
I have not seen anyone point out gold's historical prices.. If this is normal, why is gold making record highs?
This is wrong, if you factor in inflation gold prices were highest in 1980. http://www.rapidtrends.com/2009/09/21/the-real-price-of-gold-inflation-adjusted/
Look, you can come off in whatever harsh tone you want when you phrase that "This is wrong" blah blah blah, but I've been an American speculator for a few years now and know that gold is at very historic highs on the commodities exchange. You can factor in what you want, this is pretty groundbreaking in and of itself. Sorry you feel that way though.
Harsh would be "You have no clue what you're saying and it is clearly obvious that your statement is undeniably false" (I don't believe this BTW, just an example). "This is wrong" is just an intro to my sentence and has little harsh and negative connotation. This is a personal attack against me in my opinion, because while I was just answering your question "why is gold making record highs?" you critique me in saying I am harsh and that you have superior knowledge because you're an "American speculator". Now that I look back, I could have said "it is not making record highs because...." but "this is wrong" was just quicker to write. If you're a speculator, you simply speculate, and it is hard to take anything you say as fact because you are simply making an educated (<---debatable) guess. But, you are right that gold is reaching new heights! Then again, anyone can look at a Kitco.com chart and in 5 seconds tell you that gold is high.
Even in inflation-adjusted terms it's at a post-'84 record. This is an Event, worth discussing and trying to explain even though it's only an all-time record in nominal terms. In other words, I'm saying you're both right, so you can both hate me now. Interesting points for discussing and trying to explain what's happening: - gold is up since the peak of fear last year when it looked like the entire financial system might collapse, and - gold has been going up in non-dollar currencies, so there's even more to what's going on than a flight from the dollar. And compliments to CloudSweeper for the best explanation yet.
SELL!, SELL!, SELL! Metal Bid Ask Gold $1,152.60 $1,153.60 ($15.30) Silver $18.29 $18.34 ($0.17) Platinum $1,438.80 $1,448.80 ($2.90) Palladium $371.00 $376.00 ($7.50) Updated:12/6/2009 5:02:33 PM CST
have to agree it does look like a personal attack that should not come in to any thread just mhop get back to the orpt dave
I believe that gold kicked off a correction on Friday, however, that will last at least the next 1-2 months. This is similar to what happened in May 2006 and March 2008. I am looking for a re-entry point in the 950-980 range.
No, this guy just wants to jerk my chains and debate me and I quite honestly don't feel like having a debate with him. He has not earned his place at all with that harsh rhetoric of his. So, to him I say, "goodbye, you're on ignore.."