$1600 and out of the dip.

Discussion in 'Gold' started by TheEnd, Jul 27, 2012.

  1. TheEnd

    TheEnd Well-Known Member

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    $1625 today .... woohoo!
     
  2. warrenworthingtoniii

    warrenworthingtoniii New Member

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    This is still below when gold first crashed down to the $1,600 level again back in late September. And still $100 or so below the price earlier this year. So the recent price rise in itself is nothing to get excited about.

    But on the other hand, we have news like this coming out. It's US bonds that we really have to look at for a signal:
    http://www.growthstockwire.com/3131/Horrible-News-for-Bond-Investors
     
  3. TheEnd

    TheEnd Well-Known Member

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    $1626 as of 6.30pm....Ooh yeah!
     
  4. Dogmatix

    Dogmatix Active Member

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    $1640, fairly sizable jump just now

    (AUD up today and holding so far)
     
  5. Ilikemetals

    Ilikemetals Member

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    Gold bitcheeeeez!
     
  6. TheEnd

    TheEnd Well-Known Member

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    Wonder why the jump.....Greece did'nt default on monday?
     
  7. TheEnd

    TheEnd Well-Known Member

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    Woah 1655 now within 3 hrs early this morning...... Somethings going on this is abnormal.
     
  8. Tacrezod

    Tacrezod Member

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    The minutes of the last fed reserve meeting have been released, with more talk of QE.
     
  9. Goldrush

    Goldrush Member

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    Gold and Silver both up strongly again last night due to the release of the FED minutes which showed growing support for the central bank to provide additional stimulus "fairly soon".

    So looks like we will see more money printing sooner rather than later, good time to be in Gold and Silver!!
     
  10. jparrie

    jparrie Member

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    There was a news article I read the other day saying that China was after 6000 tonnes of the shiny stuff. While the world is still run by mad Keynesian economists, gold will always be in demand. Printing is the only thing they know, it will come and so will much higher prices for PMs. Platinum has gone up 11% in the last month.

    Keep stacking.
     
  11. CriticalSilver

    CriticalSilver New Member Silver Stacker

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    US$1663 and still climbing!
     
  12. Mi lao shu

    Mi lao shu Member

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    I am waiting September drop, 1300-1400usd range, Euro is raising, Au is raising, i see this just like a preparation for big drop . First will rise and then drop, so drop will look huge and will shake off weak hands.
    Attack on Syria probably follow, and then after reelection new QE...
     
  13. Dogmatix

    Dogmatix Active Member

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    ^ a drop would really screw people over... So yeah, I wouldn't be surprised if it works out similar to what you've suggested
     
  14. Lunardragon

    Lunardragon Well-Known Member Silver Stacker

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    pog breaks the ma with low volume.
    Waiting ppl to jump in the ship.
     
  15. bordsilver

    bordsilver Well-Known Member Silver Stacker

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    Interestingly near all-time high for Indians.

    http://timesofindia.indiatimes.com/...old-near-record-high/articleshow/15610825.cms
     
  16. warrenworthingtoniii

    warrenworthingtoniii New Member

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    I dunno if this recent buying means being out of the dip. I could have sworn last March ($1,700) that we were out of the dip.
     
  17. TheEnd

    TheEnd Well-Known Member

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    It's all directly depending on wether countries are being bailed out by more printing or just defaulting....The pressure waves on the metals follow accordingly to whats going on and who's getting the next bailout.... Plus this new China deal to buy so much is very positive aswell.
     
  18. thatguy

    thatguy Active Member

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    I suspect $33.52 will be the silver limit before a big drop, gold?? maybe a run up to 1790 and then a plunge
     
  19. smeagol

    smeagol New Member

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    what could possibly trigger a drop?

    if we have QE3, would people move out of pm's (causing a drop) and into stocks as the free money will temporarily prop up the stock market?

    but then doesn't that mean inflation too... so back to pm's?? ooor just stick to pm's all the way and take the hit when/if the price drops?
     
  20. Dogmatix

    Dogmatix Active Member

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    @smeagol

    It doesn't matter if people move into PMs or not... the people aren't the ones that move/make the market (the paper market).

    But generally QE3 looks good for PMs :)
     

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