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GOLD at highest yet? $1084.20
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Anonymous Coward
User ID: 434204
11/3/2009 12:25 PM
Report abusive post | GOLD at highest yet? $1084.20
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What is the current highest for gold so far?
Today it's at $1084.20
[link to www.kitco.com]
Last Edited by ^TrInItY^ on 11/3/2009 at 12:47 PM |
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Anonymous Coward
User ID: 746244
11/3/2009 12:26 PM | | Re: GOLD at highest yet? $1084.20 | Quote |
I seen it hit 1080.00 for a few seconds |
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Anonymous Coward
User ID: 434204 (OP)
11/3/2009 12:29 PM | | Re: GOLD at highest yet? $1084.20 | Quote |
I seen it hit 1080.00 for a few seconds Quoting: Anonymous Coward 746244
Yea, I saw that. I notice the USD is hanging in at 76. I wonder what is going on. Someone is buying gold, but why now? |
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Anonymous Coward
User ID: 742149
11/3/2009 12:29 PM | | Re: GOLD at highest yet? $1084.20 | Quote |
1080.10 |
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Anonymous Coward
User ID: 742149
11/3/2009 12:36 PM | | Re: GOLD at highest yet? $1084.20 | Quote |
1083.10 BOOM  |
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Anonymous Coward
User ID: 434204 (OP)
11/3/2009 12:39 PM | | Re: GOLD at highest yet? $1084.20 | Quote |
The price has been going up too fast. Do you guys think we are seeing a paper metals pump and dump? |
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The_Venerable
User ID: 768142
11/3/2009 12:41 PM | | Re: GOLD at highest yet? $1084.20 | Quote |
Would love to see physical delivery obligations fail. |
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Locoaz
User ID: 809525
11/3/2009 12:42 PM | | Re: GOLD at highest yet? $1084.20 | Quote |
I seen it hit 1080.00 for a few seconds
Yea, I saw that. I notice the USD is hanging in at 76. I wonder what is going on. Someone is buying gold, but why now? Quoting: Anonymous Coward 434204
India is buying gold 200 tons from IMF |
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GlassPearls 
GlassPearls
User ID: 613866
11/3/2009 12:42 PM
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The price has been going up too fast. Do you guys think we are seeing a paper metals pump and dump? Quoting: Anonymous Coward 434204
Taken all together, there is a massive loss of confidence going on. The USD being one, but now serious players are demanding the real deal metal-wise. No paper crap.
Something is brewing for sure.
Add to this the recent news of banks being forced to build large cash reserves all of a sudden. Plus raising rates on cards and canceling others.
Jim Sinclair has been calling for the dollar death on 11/7 for months. Got:  ? |
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Locoaz
User ID: 809525
11/3/2009 12:45 PM | | Re: GOLD at highest yet? $1084.20 | Quote |
The price has been going up too fast. Do you guys think we are seeing a paper metals pump and dump?
Taken all together, there is a massive loss of confidence going on. The USD being one, but now serious players are demanding the real deal metal-wise. No paper crap.
Something is brewing for sure.
Add to this the recent news of banks being forced to build large cash reserves all of a sudden. Plus raising rates on cards and canceling others.
Jim Sinclair has been calling for the dollar death on 11/7 for months. Got: ?
Banks are going basel 3, money baked in metals. |
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Anonymous Coward
User ID: 787523
11/3/2009 12:47 PM | | Re: GOLD at highest yet? $1084.20 | Quote |
I seen it hit 1080.00 for a few seconds
Yea, I saw that. I notice the USD is hanging in at 76. I wonder what is going on. Someone is buying gold, but why now?
India is buying gold 200 tons from IMF Quoting: Locoaz
THE IMF HAS BEEN THROWING THAT BULLSHIT STORY AROUND FOR YEARS, EVERY SINGLE TIME THE PRICE OF GOLD GOES UP, THEY TROT OUT THE PRECIOUS METALS VERSION OF OSAMA BIN LADEN'S AK-47/CAMOUFLAGE FATIGUES VIDEO.
GOOGLE IMF GOLD SALE AND THE YEAR 2009/2008/2007/2006 AND YOU KNOW WHAT YOU'LL SEE? SAME FUCKING STORY EVERY TIME AND THE EXACT SAME AMOUNT OF GOLD THEY ALLEGEDLY HAVE, IT NEVER CHANGES.
THE IMF HASN'T GOT ANY GOLD- THAT'S MY GUESS AND THE FIRE SALE HEADLINE IS THEIR ATTEMPT TO DEFLATE THE PRICE.
OH, AND WHENEVER THERE ARE LARGE SALES OF GOLD HOLDINGS, LIKE THE ONE BROWN ENGINEERED FOR GREAT BRITAIN, THEY LOSE THEIR FUCKING ASS AND THE PRICE CONTINUES TO CLIMB. |
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Anonymous Coward
User ID: 807766
11/3/2009 12:50 PM | | Re: GOLD at highest yet? $1084.20 | Quote |
$1084.60 now, new high. |
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Anonymous Coward
User ID: 744028
11/3/2009 12:52 PM | | Re: GOLD at highest yet? $1084.20 | Quote |
price of gold is saying war |
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Anonymous Coward
User ID: 380667
11/3/2009 12:54 PM | | Re: GOLD at highest yet? $1084.20 | Quote |
As a former jeweler, I have always seen the price of gold
go up the closer we get to Christmas. I wonder if $1100 gold is in the realm ... or more...the purchase made by India really drove it...wow. |
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the hermit
User ID: 796008
11/3/2009 12:58 PM | | Re: GOLD at highest yet? $1084.20 | Quote |
Posted leading another thread, appears relevant here:
Link: [link to financialsense.com]
Over the past few weeks, anecdotal accounts of shortages of physical gold bullion have been surfacing around the world. Empirical observations supporting this development include [below excerpted from Eric DeCarbonnel – Market Skeptics];
Mints are seeing a sharp rise in sales this year due to interest so strong that dealers are reporting a shortage of products such as Krugerrands and one-ounce bullion coins.
China is now pushing their citizens to buy gold.
Anecdotal accounts from “boots-on-the-ground” gold and silver brokers are reporting heavy ‘net with drawl of physical metal’ at COMEX depositories, raising doubts as to whether there is gold in inventory to match existing warehouse receipts.
London gold vaults are being emptied. Hong Kong is pulling all its physical gold holdings from depositories in the UK and moving their $63 million worth of gold home to newly built vaults near the city's airport. Dubai is also planning to withdraw its gold from London. Meanwhile, private investors and Swiss ETFs continue to move gold out of London.
Many large money managers who were formerly in paper gold are now demanding physical gold bullion instead.
Anecdotal accounts I have already reported on, during the week of Oct. 5, some large allocated physical transactions that were settled in London under VERY strange circumstances. Banks like JPMorgan and Deutsche Bank (who sold endless amounts of gold futures at prices of 950 to 1025) and then tried to make “side deals” with the folks they sold the futures to – offering them spot + 25% (around 1,275 per ounce) to settle in fiat – after their counter parties demanded [allocated settlement] substantial tonnage of physical gold bullion.
Additionally, wide-spread reports specifically relating to COMEX include:
Delays and complications in the delivery process have become increasingly commonplace. It is taking weeks and possibly even months, and sometimes dozen of inquiries, for investors to get the gold they already own out of the warehouse.
More restrictions are being applied to overseas buyers requesting delivery.
Some brokerages will not help with the delivery process or refuse to help even after the commissions are paid.
Investors withdrawing their 100oz. bars from the Comex depositories are being given bars with incorrect serial numbers or weight...
...In recent weeks and months the buyers of gold futures and paper promises have increasingly become “monetary interests,” i.e., foreign Central Banks – who have clearly recognized the fiat profligacy of Anglo-American Central Banking and their rampant gold price rigging. The reason for the physical shortages of gold bullion ARE SPECIFICALLY because these entities possess more than adequate means to produce the fiat money required to purchase ALL the “relative pittance” of physical gold bullion backing the ridiculous amount of paper promises of gold that have been sold into the market place.
Even a blind squirrel [or an informed shill, perhaps?] should be able to stumble across the litany of actual, historical evidence that shows how ALL fractional, irredeemable, fiat money systems ever devised by mankind have ended in abject failure.
Today’s fractional reserve gold market will be no different.
(emphasis added)
my two cents: If gold exchanges fail to deliver and default, the spot price will go ballistic!!! Same with silver.
Comex and London exchanges will be bankrupt, possibly along with the banks that finance them. |
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Galaxy
User ID: 805848
11/3/2009 12:58 PM
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Notice how exited we were a couple of weeks ago, when gold was going through the 1000 barrier..
Luctor et Emergo. |
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Anonymous Coward
User ID: 750269
11/3/2009 12:59 PM | | Re: GOLD at highest yet? $1084.20 | Quote |
$1100 Gold will happen, probably tomorrow. There is no ceiling on gold, its gonna balloon up, then pop. |
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GlassPearls
GlassPearls
User ID: 613866
11/3/2009 1:03 PM
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price of gold is saying war Quoting: Anonymous Coward 744028
Could very well be. Also would explain why Obama recently authorized withdrawal from our strategic oil reserves. |
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Falconia
User ID: 809461
11/3/2009 1:16 PM | | Re: GOLD at highest yet? $1084.20 | Quote |
Yet it hasn't had ony affect on the stock market? Any insights? |
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Anonymous Coward
User ID: 809417
11/3/2009 1:18 PM | | Re: GOLD at highest yet? $1084.20 | Quote |
omg 1085!! |
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Anonymous Coward
User ID: 742149
11/3/2009 1:19 PM | | Re: GOLD at highest yet? $1084.20 | Quote |
omg 1085!! Quoting: Anonymous Coward 809417
1085.20 Go GO Go |
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Anonymous Coward
User ID: 742149
11/3/2009 1:20 PM | | Re: GOLD at highest yet? $1084.20 | Quote |
Silver Riding the wave 17.11 |
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Anonymous Coward
User ID: 434204 (OP)
11/3/2009 1:24 PM | | Re: GOLD at highest yet? $1084.20 | Quote |
Notice how exited we were a couple of weeks ago, when gold was going through the 1000 barrier.. Quoting: Galaxy
LOL! Indeed. I was thinking about that this morning - when 1,033 was the level of resistance. |
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Randy Wildcat
Watchman
User ID: 809058
11/3/2009 1:25 PM
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Silver Riding the wave 17.11 Quoting: Anonymous Coward 742149
Hi-Ho Silver...Away!!
The strongest reason for the people to retain the right to keep and bear arms is, as a last resort, to protect themselves against tyranny in government.
Thomas Jefferson |
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GlassPearls
GlassPearls
User ID: 613866
11/3/2009 1:26 PM
| | Re: GOLD at highest yet? $1084.20 | Quote |
Silver Riding the wave 17.11
Hi-Ho Silver...Away!!
Nice. And you live where? LOL! |
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Anonymous Coward
User ID: 742149
11/3/2009 1:31 PM | | Re: GOLD at highest yet? $1084.20 | Quote |
Silver Riding the wave 17.11
Hi-Ho Silver...Away!!
:Gold: :Gold:
Nice. And you live where? LOL! Quoting: GlassPearls
ITS IN THE TUBE HANGING TEN AT 17.23 GO GO GO |
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lime flavoured
User ID: 809315
11/3/2009 1:35 PM | | Re: GOLD at highest yet? $1084.20 | Quote |
price of gold is saying war Quoting: Anonymous Coward 744028
How do you work this out? |
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NO LIMITS, LET IT SOAR
User ID: 616315
11/3/2009 1:36 PM | | Re: GOLD at highest yet? $1084.20 | Quote |
IT WAS ABSOLUTELY A STRATEGIC MOVE OF SELF PRESERVATION BY INDIA AND BROKE THE CHOKEHOLD OF $1500 IN ONE FELL SWOOP
THAT'S THE KIND OF ACTION THAT CAN TAKE IT TO 1250 OR MORE
TO THE MOON ALICE |
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Anonymous Coward
User ID: 65489
11/3/2009 1:36 PM | | Re: GOLD at highest yet? $1084.20 | Quote |
kitco ask
$1086.10
this puppy is just a shade away from $1100 wow wow wow |
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Anonymous Coward
User ID: 413833
11/3/2009 1:38 PM | | Re: GOLD at highest yet? $1084.20 | Quote |
$1100 Gold will happen, probably tomorrow. There is no ceiling on gold, its gonna balloon up, then pop. Quoting: Anonymous Coward 750269
I hope you're right when it pops...back up the truck. |
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lime flavoured
User ID: 809315
11/3/2009 1:41 PM | | Re: GOLD at highest yet? $1084.20 | Quote |
kitco ask
$1086.10
this puppy is just a shade away from $1100 wow wow wow Quoting: Anonymous Coward 65489
1084 now, bit off profit taking. |
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