$ 1760 US GOLD

Discussion in 'Gold' started by mazewolf, Aug 9, 2011.

  1. mazewolf

    mazewolf New Member

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    just hit! the gold swan event...:cool:
     
  2. Earthjade

    Earthjade Member

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    It's just a number.
    Don't expect magical things to happen just because it hits $1764 no matter how much someone claims it is backed by mathematics.
    The truth is, when you're dealing with so many variables, one of which is unquantifiable human nature, all statistical predictions are guesses.
    The best we can do is understand the general situation (ie. people are running from stocks and into gold and US T-Bills)
     
  3. goldpanner

    goldpanner New Member

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    Just got a big knock down - so what happened ?
     
  4. Ouch

    Ouch Active Member

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    Bob Chapman just announced it would cut through $1800 like a hot knife through butter.
     
  5. goldpelican

    goldpelican Administrator Staff Member

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    QE3 rumours - Federal Reserve is meeting.
     
  6. Diablo21

    Diablo21 Member

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    So that means it's going to go down ;) :p
     
  7. goldpanner

    goldpanner New Member

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    It must have hit Jim Sinclairs 1764 while I wasn't looking - and ......... well............. down she went! :rolleyes:

    Can somebody tell me why gold and silver both fell at the same time?
     
  8. goldpanner

    goldpanner New Member

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    Are they meeting at 2 am in the morning NY time? -
     
  9. Diablo21

    Diablo21 Member

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    That's the least they can do.
     
  10. Sargeant Argent

    Sargeant Argent New Member

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    I'm just happy to see it dropping a bit the growth earlier in the day was unrealistic and probably due to panic. I don't plan on selling anytime soon and my targets are a long way off. I like to see it rise but I love to see it drop ;)
     
  11. Mitchell

    Mitchell Member

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    lol'd hard, thanks for that
     
  12. goldpanner

    goldpanner New Member

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    We are certainly seeing a bit of volatility here - who said gold was less volatile than silver?

    Jim Sinclair's prediction = fail! :|
     
  13. Lucky

    Lucky Well-Known Member Silver Stacker

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    still dropping!
     
  14. CEO10K

    CEO10K New Member

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    I think this is the dip I was waiting for, now not to get too greedy.
     
  15. Silverthorn

    Silverthorn Well-Known Member

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    so your interpretation was it would hit 1764 and then double too seconds later?
     
  16. goldpanner

    goldpanner New Member

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    Yep - thought there would be a massive spike upwards! :D

    - actually I'm a skeptic and can't for the life of me see how a figure like that could make any difference whatsoever to the gold price! :/

    But everything else he says is spot on!
     
  17. Silverthorn

    Silverthorn Well-Known Member

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    There's often a retracement when his numbers get hit. What he is looking at is arithmetic progression that should start to get steeper now. Based on square numbers he said in the recent interview with turk. Phase 3 coming up.
     
  18. goldpanner

    goldpanner New Member

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    I think we saw artihmetic progression in gold already this morning and thats probably why it took a plunge.

    Well lets wait and see how it goes on the next spike up!

    I can see how as the price gets higher the dollar changes in spikes and dips gets bigger. I remember when a $10 change in the gold price was newsworthy, now it is jumping up and down in much larger amounts! - What will it be like if it ever gets to $5000 an ounce - the spikes and dips would be 100s of dollars at a time! :eek:
     
  19. Silverthorn

    Silverthorn Well-Known Member

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    If the ride gets too bumpy you can flee to the safety and stability of silver. :)
     
  20. boston

    boston Well-Known Member Silver Stacker

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    LOL :)
     

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