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GOLD 900+ BreakOUT THREAD
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Me114 
aka ladynada
User ID: 323570
10/8/2008 7:25 AM
Report abusive post | |
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Anonymous Coward
User ID: 520433
10/8/2008 7:37 AM | | Re: GOLD 900+ BreakOUT THREAD | Quote |
pop early who knew obama laughter OP dianna ross fish ate goes maybe bottle water? |
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Me114
aka ladynada
User ID: 323570
10/8/2008 7:37 AM
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Anonymous Coward
User ID: 520433
10/8/2008 7:39 AM | | Re: GOLD 900+ BreakOUT THREAD | Quote |
pop early who knew obama laughter OP dianna ross fish ate goes maybe bottle water? Quoting: Anonymous Coward 520433 |
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Me114
aka ladynada
User ID: 323570
10/8/2008 8:47 AM
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Me114
aka ladynada
User ID: 323570
10/8/2008 8:56 AM
| | Re: GOLD 900+ BreakOUT THREAD | Quote |
GG a gold stock is gapping up premarket
the bid now is 26.90
and the close yesterday was 25.91
that means that people are bidding, now, before the open, to buy GG for 1 dollar more than it closed yesterday
it is NOT trading yet
this is a teaching moment
=+=+=+=
The TWO Witnesses are Mom and Dad & they're coming to give YOU a SPANKING
[link to heartdaughter.com]
Official Elijah Blog
[link to heartdaughter.com] |
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Anonymous Coward
User ID: 464853
10/8/2008 8:57 AM | | Re: GOLD 900+ BreakOUT THREAD | Quote |
it was the 1/2 point rate cut that did most of the move in addition to people being unerved by the world markets all in tank mode. gold to 1650 soon according to www.jsmineset.com |
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Anonymous Coward
User ID: 57834
10/8/2008 9:03 AM | | Re: GOLD 900+ BreakOUT THREAD | Quote |
real rates are deeply negative.
gold now trumps paper. |
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Anonymous Coward
User ID: 520280
10/8/2008 9:06 AM | | Re: GOLD 900+ BreakOUT THREAD | Quote |
If the trend holds, gold will get slapped back under $900.
The dollar is holding up pretty well considering interest rates have effectively decreased 25%. |
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Anonymous Coward
User ID: 57834
10/8/2008 9:12 AM | | Re: GOLD 900+ BreakOUT THREAD | Quote |
all currencies will be sold against gold. |
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Me114
aka ladynada
User ID: 323570
10/8/2008 9:15 AM
| | Re: GOLD 900+ BreakOUT THREAD | Quote |
all currencies will be sold against gold. Quoting: Anonymous Coward 57834
at some point gold will look more attractive than currencies, BECAUSE.. at some point a govt will think about backin their currency with gold...
=+=+=+=
The TWO Witnesses are Mom and Dad & they're coming to give YOU a SPANKING
[link to heartdaughter.com]
Official Elijah Blog
[link to heartdaughter.com] |
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Me114
aka ladynada
User ID: 323570
10/8/2008 10:20 AM
| | Re: GOLD 900+ BreakOUT THREAD | Quote |
okay i made a fake watch list
check this out a nice hedge on gold
GLD to go long
GDX to play the gold mining stocks as a slight hedge
what do u think?
=+=+=+=
The TWO Witnesses are Mom and Dad & they're coming to give YOU a SPANKING
[link to heartdaughter.com]
Official Elijah Blog
[link to heartdaughter.com] |
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Anonymous Coward
User ID: 520515
10/8/2008 10:22 AM | | Re: GOLD 900+ BreakOUT THREAD | Quote |
okay i made a fake watch list
check this out a nice hedge on gold
GLD to go long
GDX to play the gold mining stocks as a slight hedge
what do u think? Quoting: Me114
I think you don't understand hedging.
If you were hedging you would go long the metal and short the gold stocks. |
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Anonymous Coward
User ID: 464853
10/8/2008 10:24 AM | | Re: GOLD 900+ BreakOUT THREAD | Quote |
okay i made a fake watch list
check this out a nice hedge on gold
GLD to go long
GDX to play the gold mining stocks as a slight hedge
what do u think?
I think you don't understand hedging.
If you were hedging you would go long the metal and short the gold stocks. Quoting: Anonymous Coward 520515
I think he's hedging the inflation by mixing his metals portfolio to include gold and junior mining stocks. Jim Sinclair of jsmineset.com recommends the same tactic.
good for you 114 |
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Anonymous Coward
User ID: 520515
10/8/2008 10:29 AM | | Re: GOLD 900+ BreakOUT THREAD | Quote |
okay i made a fake watch list
check this out a nice hedge on gold
GLD to go long
GDX to play the gold mining stocks as a slight hedge
what do u think?
I think you don't understand hedging.
If you were hedging you would go long the metal and short the gold stocks.
I think he's hedging the inflation by mixing his metals portfolio to include gold and junior mining stocks. Jim Sinclair of jsmineset.com recommends the same tactic.
good for you 114 Quoting: Anonymous Coward 464853
One of the main reasons that gold is going up is due to the chaotic conditions in the stock market. In that case gold goes up and ALL stocks are under pressure including gold shares, as we have already seen.
If the chaos subsides, then gold goes down and all stocks go down especially the gold stocks.
So this is a dumb idea. If you're bullish on gold, buy gold.
If you want to hedge it, sell the gold stocks short against your metal position. I don't know who Jim Sinclair is but he doesn't sound very smart. |
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Me114
aka ladynada
User ID: 323570
10/8/2008 10:29 AM
| | Re: GOLD 900+ BreakOUT THREAD | Quote |
okay i made a fake watch list
check this out a nice hedge on gold
GLD to go long
GDX to play the gold mining stocks as a slight hedge
what do u think?
I think you don't understand hedging.
If you were hedging you would go long the metal and short the gold stocks. Quoting: Anonymous Coward 520515
i know im not talkin about shorting to do the hedge.. this is a gold mining/gold buillion combo
=+=+=+=
The TWO Witnesses are Mom and Dad & they're coming to give YOU a SPANKING
[link to heartdaughter.com]
Official Elijah Blog
[link to heartdaughter.com] |
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Anonymous Coward
User ID: 519598
10/8/2008 10:29 AM | | Re: GOLD 900+ BreakOUT THREAD | Quote |
your gonna lose your ass.Its manipulated |
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Me114
aka ladynada
User ID: 323570
10/8/2008 11:14 AM
| | Re: GOLD 900+ BreakOUT THREAD | Quote |
your gonna lose your ass.Its manipulated Quoting: Anonymous Coward 519598
this has been THE problem
but its getting away from them now
we do pray u know, and God answers the prayers
=+=+=+=
The TWO Witnesses are Mom and Dad & they're coming to give YOU a SPANKING
[link to heartdaughter.com]
Official Elijah Blog
[link to heartdaughter.com] |
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Me114
aka ladynada
User ID: 323570
10/8/2008 1:23 PM
| | Re: GOLD 900+ BreakOUT THREAD | Quote |
GG a gold stock is gapping up premarket
the bid now is 26.90
and the close yesterday was 25.91
that means that people are bidding, now, before the open, to buy GG for 1 dollar more than it closed yesterday
it is NOT trading yet
this is a teaching moment Quoting: Me114
GG is 29.94 NOW!
thats FOUR DOLLARS from yesterday
=+=+=+=
The TWO Witnesses are Mom and Dad & they're coming to give YOU a SPANKING
[link to heartdaughter.com]
Official Elijah Blog
[link to heartdaughter.com] |
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Me114
aka ladynada
User ID: 323570
10/8/2008 1:58 PM
| | Re: GOLD 900+ BreakOUT THREAD | Quote |
Gold Prices May Spike
[link to www.cnbc.com]
a video
Gold Prices May Spike
Within the gold complex, there is a disparity between the paper market and the physical market, notes Jurg Kiener, CEO of Swiss Asia Capital. He tells CNBC's Maura Fogarty & Rebecca Meehan that if the paper market collapses, gold prices may double very quickly.
Last Update: Tues. Oct. 7 2008 | 12:15 AM
darn video looks broken!
=+=+=+=
The TWO Witnesses are Mom and Dad & they're coming to give YOU a SPANKING
[link to heartdaughter.com]
Official Elijah Blog
[link to heartdaughter.com] |
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Gold Finguh!
User ID: 323570 (OP)
10/8/2008 3:11 PM | | Re: GOLD 900+ BreakOUT THREAD | Quote |
theyre not poundin the short term treas as much so some of that went into establishing a long position on GOLD at 900
what u think? |
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Me114
aka ladynada
User ID: 323570
10/8/2008 8:31 PM
| | Re: GOLD 900+ BreakOUT THREAD | Quote |
get wit the gold party
Gulf central banks look to gold as uncertainty rises
[link to archive.gulfnews.com]
10/08/2008 06:41 PM By Cleofe Maceda, Staff Reporter
Dubai: Central banks in the Gulf and elsewhere in the world will likely turn to gold as the global banking crisis boosts the metal's appeal as a buffer against dire economic conditions, industry sources said on Tuesday.
With bank shares across the world plunging and the US dollar still unstable, central banks have no better option but to diversify their reserves into gold, considered the only alternative to the US dollar and euro.
Analysts said demand from banks will likely affect gold prices, and retail consumers will resort to investing in bullion as well, particularly in exchange traded funds (ETFs), coins and small bars.
"Gold will definitely see a revival as a reserve asset for central banks. The main purpose for the central banks when investing is not to generate the highest possible returns, but to provide a safe and sound financial basis for the currency and the economy built on it," Rolf Schneebeli, former head of the World Gold Council, told Gulf News.
Schneebeli said suitable central bank assets must be universally recognised and must provide a liquid market that is deep enough to absorb major transactions. However, he noted, there are not many currencies that can be used as possible assets.
Earlier this year, the US dollar plummeted against the euro. Although it has started to strengthen recently, doubts remain over its outlook.
"The only alternative to the US dollar is the euro. The pound sterling is probably not strong enough anymore. The yen and the Swiss franc, both strong currencies, do not have enough depth ... Hence, gold is really the only alternative to the dollar and euro," Schneebeli added.
Another advantage of investing in gold, Schneebeli said, is that the precious metal is "nobody's liability."
"This means one is not at the mercy of other governments. After all, governments might use the financial system to exercise pressure on other governments. In the case of gold, this is quite difficult," he said.
K.P. Baiju, managing dir-ector and chief executive officer of Buz Consulting, said gold demand from banks "will impact the prices and will help sustain the current levels for the time being".
Baiju noted that demand from consumers will continue to increase as well, because "gold is considered a good means of small-time savings."
"Gold prices are currently ranging around $825 to $850 an ounce, which was last year's fourth quarter level and the consumers know that this is a good time to buy," Baiju told Gulf News.
Among UAE consumers, Schneebeli sees an increase in demand for ETFs, coins and gold stocks.
=+=+=+=
The TWO Witnesses are Mom and Dad & they're coming to give YOU a SPANKING
[link to heartdaughter.com]
Official Elijah Blog
[link to heartdaughter.com] |
|
Anonymous Coward
User ID: 519598
10/9/2008 9:04 AM | | Re: GOLD 900+ BreakOUT THREAD | Quote |
Its manipulated.Thats why I dumped at 950 a ounce and poured the money into my custom build Harley.Which doubled the appraisel value of it.I also dumped my silver at 18.50 and powder coated parts on my Harley.Its a fixed game |
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Me114
aka ladynada
User ID: 323570
10/9/2008 7:40 PM
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Me114
aka ladynada
User ID: 323570
10/10/2008 4:00 AM
| | Re: GOLD 900+ BreakOUT THREAD | Quote |
GOLD!
926.90
saw some 930 action too
Perth Mint Doubles Gold Output on Haven Buying (Update1)
[link to www.bloomberg.com]
By Jason Scott
Oct. 10 (Bloomberg) -- The Perth Mint, producer of 10 percent of the world's bullion, doubled output in the past six months, joining a global push to boost production as investors seek protection from the credit crisis.
Perth Mint sold so-called Kangaroo and Nugget coins weighing a total of 62,630 ounces in the three months to Sept. 30, compared with 154,501 ounces for the 12 months to June 30, senior manager Bron Suchecki said in an interview from Perth, Australia yesterday, adding there's been a surge in ``moms and dads'' buying over the counter in the past three months.
``It's reflecting a real breakdown in trust in financial products,'' Suchecki said at the mint. ``People aren't thinking `how do I grow my wealth' but `how do I protect it.'''
Gold for immediate delivery has jumped 10 percent in the past week as investors pulled a record $52.1 billion from U.S.-managed stock and bond mutual funds. The U.S. Mint and Austria's Muenze Oesterreich AG are among coin makers to increase production.
``People are rushing to buy gold purely as a safe haven,'' Jonathan Barratt, managing director of Commodity Broking Services in Sydney, said in a phone interview today. ``The premiums at the moment for physical gold are going through the roof. Physical sellers are slowly running dry. It's pretty much the only bright spark among commodities.''
Overseas Demand
As well as producing coins, the mint holds about A$1.5 billion ($1 billion) of gold on deposit for investors, about 90 percent of whom are from overseas, up from A$880 million a year ago, Suchecki said. It doesn't give figures for the amount held.
``There are people that want physical gold as a kind of insurance against financial calamity and breakdown of society,'' Suchecki said. ``You can't get an insurance policy to cover against that. These types don't really care what happens to the gold price.''
The Perth Mint, founded in 1899, employs about 250 people, working three shifts a day, every day. Formerly a branch of Britain's Royal Mint, it's controlled by the Western Australian government and owns a 40 percent stake in AGR Matthey, Australia's only major gold refiner.
Kangaroo coins, the mint's biggest sellers, weigh as much as 1 ounce; Nuggets are coins with higher weights.
Since Lehman Brothers Holdings Inc.'s Sept. 15 filing for bankruptcy protection, gold for immediate delivery has jumped 19 percent, the Standard & Poor's 500 Index has slumped 27 percent and the benchmark Australian stock index has lost 16 percent.
Gold Rush
Muenze Oesterreich, which makes the world's second highest- selling gold coin, increased output of the Philharmonic almost fourfold and doubled production of gold bars in the past year, Vienna-based Marketing Director Kerry Tattersall said yesterday. The 800-year-old mint, located in a former Habsburg palace, has also added a third work shift to press more coins.
The U.S. Mint said Oct. 6 it had exhausted some of its supplies of bullion coins and was trying to meet demand for gold, silver and platinum. South Africa's Rand Refinery Ltd. temporarily ran out of Krugerrand gold coins after ``unusually large'' orders, the company said Aug. 28.
While the value of iron ore, oil and other commodities sinks due to fears of a global recession, gold companies in Australia, which is the world's third-biggest producer of bullion, are profiting. Newcrest Mining Ltd., Australia's largest gold miner, rose the most in nine years in Sydney yesterday while Lihir Gold Ltd. gained 12 percent, the most in three weeks.
The International Monetary Fund said the global economy may be headed for a recession next year and increased its estimate of losses tied to loans and securitized assets to $1.4 trillion, up from $945 billion estimated in April.
``I see this demand continuing while there's this uncertainty,'' Suchecki said. ``But I don't think we're at the point where the average person who's never bought gold before is suddenly trying to buy physical gold. There's not that mass-market demand as yet.''
To contact the reporter on this story: Jason Scott in Perth at jscott14@bloomberg.net
Last Updated: October 9, 2008 22:20 EDT
=+=+=+=
The TWO Witnesses are Mom and Dad & they're coming to give YOU a SPANKING
[link to heartdaughter.com]
Official Elijah Blog
[link to heartdaughter.com] |
|
Me114
aka ladynada
User ID: 323570
10/10/2008 6:48 AM
| | Re: GOLD 900+ BreakOUT THREAD | Quote |
[link to www.marketoracle.co.uk]
Commodities / Market Manipulation Oct 10, 2008 - 03:01 AM
By: Rob_Kirby
Much has already been written about the untimely demise of investment bank Bear Stearns. Most, if not all, that has been written to date – deals with issues related to equities / expiring options – or the share price.
Recently, new information has come to light which allows us to forensically examine the demise of Bear Stearns from a completely different angle – GOLD .
No-one should be surprised by this development. Up until the untimely demise of Bear Stearns, the most celebrated and at the same time misreported and misunderstood financial collapse in American History was that of Long Term Capital Management [LTCM] back in 1998. The treatment – or more properly stated, the decision to bail-out LTCM – was all motivated by GOLD. For a primer on the LTCM / GOLD nexus, readers can gain a nuts-and-bolts background in these two articles:
• The Anatomy of a Fictional Hedge Fund Collapse
• LTCM Revisited - A Forensic Account
go to the link to read the article(s)
....
[link to www.marketoracle.co.uk]
=+=+=+=
The TWO Witnesses are Mom and Dad & they're coming to give YOU a SPANKING
[link to heartdaughter.com]
Official Elijah Blog
[link to heartdaughter.com] |
|
Me114
aka ladynada
User ID: 323570
10/10/2008 7:27 AM
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Anonymous Coward
User ID: 522396
10/10/2008 7:44 AM | | Re: GOLD 900+ BreakOUT THREAD | Quote |
but even if you buy gold, the government is s'pose to come take it, that's what ma grandpappy tol' me. |
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Me114
aka ladynada
User ID: 323570
10/10/2008 7:54 AM
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manipulated
User ID: 519598
10/10/2008 9:49 AM | | Re: GOLD 900+ BreakOUT THREAD | Quote |
Why is it that gold is tanking |
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Me114
aka ladynada
User ID: 323570
10/10/2008 10:44 AM
| | Re: GOLD 900+ BreakOUT THREAD | Quote |
Why is it that gold is tanking Quoting: manipulated 519598
i fell asleep
whats goin on?
=+=+=+=
The TWO Witnesses are Mom and Dad & they're coming to give YOU a SPANKING
[link to heartdaughter.com]
Official Elijah Blog
[link to heartdaughter.com] |
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