I predicted $1800 by the end of the year in a previous thread - now I think I was conservative! It has got there too quick, it will fall back - because they will have to make another announcemnt to slow it down!
I think we'll see a correction, but with the Americans admitting they're screwed for at least the next few years, who knows?
margin hikes. http://www.marketwatch.com/story/cme-hikes-gold-margins-but-prices-still-rising-2011-08-10
Not a bad thing if it can drop the price back down a bit I agree gold will go up but 100 dollars a week is unsustainable. This margin increase should slow down treading a bit if that combines with a slump in the value of the USD in relation to the aussie dollar or in my case the canadian dollar that could offer another dip giving us all an opportunity to add a little to the gold stack!
1800 is insane! Not a good reflection of global economic health at all, i'm not too sure that my meagre investment in gold will outweigh the other financial struggles we will face alongside these profits...
Maybe gold is now starting to account for all of the fiat out there? Obviously it will correct at some point. Maybe the correction will be from $5000 to $3000?
I don't know much about (ch)arts but I know what I like and the three day spot chart looks nice. Higher highs, higher low. Maybe a new high when london opens?
I believe it up to the sustained orbit, anyone hanging in for that will be left (fairly) high and dry
Meh, what the heck. I'm a newb, but I'll throw my hat in and say 5pm AEST Friday AUD$1737.00/oz. And you can all start laughing at 5.01pm - no earlier, k?
Down $50 odd bucks from the $1800...good we've had a correction really,brings some sanity to the price.Want ti to keep on creeping up steady as she goes. Dont want another repeat of the silver price in May do we...?
So how long do we wait before AUD$1800? I was hoping about a week ago that it would still be low to mid 16's right now.
It's funny, we have anxiety attacks when spot drops, have anxiety attacks when spot stagnates, have anxiety attacks when spot skyrockets - how do we sleep at night? :lol: