Waiting for $1800 gold

Discussion in 'Gold' started by whinfell, Feb 11, 2016.

  1. Peter

    Peter Well-Known Member

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    $1785
     
  2. bubblebobble2

    bubblebobble2 Administrator Staff Member Silver Stacker

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    Knock..... Knock..... Knocking on heaven's door :D
     
  3. Junk Silver

    Junk Silver Member Silver Stacker

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  4. Killface

    Killface Well-Known Member Silver Stacker

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    Sell more now!
     
  5. 2nd_Hand_Gold_Man

    2nd_Hand_Gold_Man Member

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    I SOLD A LITTLE MORE..................i made my % AND WAS HAPPY.........................................it can go down as fast as it goes up ( and some times drops like a rock ) i make my % and always get out a happy man) then again im not a stacker so i make my $$$$$$$$$$$$$$$$$$$ AND GET THE HELL OUT AND START AGAIN
     
  6. REDBACK

    REDBACK Well-Known Member Silver Stacker

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    2ndhndgldmn
    I'm still trying to work out whether your really Mfcking smart or really Mfcking dumb :/

    REDBACK
     
  7. 2nd_Hand_Gold_Man

    2nd_Hand_Gold_Man Member

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    SOME 1 FELL OUT OF THE WRONG SIDE OF THE BED :lol::lol::lol:
     
  8. REDBACK

    REDBACK Well-Known Member Silver Stacker

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    Lol
    Love your reaction :lol: Priceless
    Its just that sometimes you come on and ask the simplest stupid questions and at other times you portray the Guru in you.
    You swear like my Baltic friends do :lol: ~That actually makes me like you
    Wasn't my bed thats why
    Kiss Kiss

    REDBACK ;)
     
  9. 2nd_Hand_Gold_Man

    2nd_Hand_Gold_Man Member

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    PFFFFFFFFFFFFFFFFFFFT....IF IT WAsnt YOUR BED SHE musta been ugly lol............NO REPLY NEEDED NOW PFFFFFFFFFFT SAYS IT ALL
    i like u tooooooooooo redback (i just dont LOVE YOU lol) OR STALK YOU...................LOL ITS ALL GOOD.....HAVE A GOOD DAY
     
  10. REDBACK

    REDBACK Well-Known Member Silver Stacker

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    WHY ARE YOU SHOUT...ING IN THE MORN...ING!!!!
    ARE YOU DOING A BRICK TAMLAND IMPER..SON..ATION
    Take care my friend

    REDBACK
     
  11. 2nd_Hand_Gold_Man

    2nd_Hand_Gold_Man Member

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    bloody keyboard sticking (early morning cuppa spilled on the cap lock button) i smacked it just now and its a working...............ill have to get a new one 2 day............have a good day redback and happy stacking to you(i was in melb thurs and wow it was cold yesterday................heres hoping you guys get some warmer weather down there.............cheeeers mate]
     
  12. REDBACK

    REDBACK Well-Known Member Silver Stacker

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    Cool next time you come to Melbourne ill shout you a coffee
    And we can trade insults over the table lol
    Your a good sport
    Take care
    REDBACK
     
  13. 2nd_Hand_Gold_Man

    2nd_Hand_Gold_Man Member

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    ill take ya up on it.cheeers redback
    take care
    best wishes and kindest regards
    mc2ndhandgoldman lol cheeers
     
  14. JulieW

    JulieW Well-Known Member Silver Stacker

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    "Maybe more of what is causing this rate to be low are factors that won't be rapidly disappearing but are part of the 'new normal.'"

    Janet Yellen, 15 June 2016

    Probably the smartest thing that the public can do, in the US and the UK at the least, is something that changes the basis of this 'new normal' that the professional plutocrats find to be so comfortable for themselves, if not for their broad constituencies.

    Gold took off higher today and cracked up above the 1300 level.

    And it had run quite far in a short period of time, and those who trade the precious metals like paper currencies were seeing some nice opportunities for a quick whipsaw, and they took it.

    So in a fairly short period of time gold was smacked back down about $30 intraday as the algos did their thing, and the thin specs started taking profits and then dumping positions.

    And unless you are a daytrader this does not matter much at all. It was not unusual for gold to get rejected at the 1300 level This has been the story for quite some time, as well as the old support and resistance at 1280.
    http://jessescrossroadscafe.blogspot.com.au/
     
  15. Nedsnotdead

    Nedsnotdead Active Member Silver Stacker

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    Bump
    Is this the highest gold has ever been in Aud?
     
  16. brexitbaby

    brexitbaby New Member

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    Depends On Who Is Asking.
  17. Killface

    Killface Well-Known Member Silver Stacker

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    Bump again.. We have reached the highest ever AUD gold price recently, but I had trouble finding details.. it was the other week wasn't it? Does anyone have a link to this info, or a chart that shows the intra-day highs?
     
  18. Ronnie 666

    Ronnie 666 Well-Known Member Silver Stacker

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    No it's the lowest value ever for the Au$.
     
  19. JulieW

    JulieW Well-Known Member Silver Stacker

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    Actually it was around 50c near 2001.

    http://www.tradingeconomics.com/australia/currency

    I think 60c is very possible. That could be what puts gold here over $2k
     
  20. millededge

    millededge Active Member

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    POG was low then in USD and AUD terms. Hewson predicted an AUD fall to 50c if memory serves, in the first GFC 2008. Opposite happened. So much for a PhD in Economics.

    This time it is the Euro that may collapse, for different reasons. Interestingly, it reached its all time high versus the USD in July 2008, right before Lehman Bros filed for chapter 11. Back then, the issue was subprime US realestate. We have this problem and in the West of our country, more supply is coming on market, but not that many people are in crisis, so many are holding out for a better price. There is no stampede for the exit as there was in the US situation in 2008, yet. My guess would be a Chinese crisis that would catalyse our own.

    But for now, the Euro stands as the obvious next domino and that should in theory push the POG up in Euro terms and indirectly in AUD.

    Armstrong has a theory that the unstoppable rise of the USD will mark the end of the existing reserve system. Maybe this could arise from debt destruction, ie supply is destroyed, aka "deflation" or maybe due to demand in an all out herd panic egress from the Euro. Logically, gold benefits too.
     

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