$1800 gold

I predicted $1800 by the end of the year in a previous thread - now I think I was conservative! :P
It has got there too quick, it will fall back - because they will have to make another announcemnt to slow it down!
 
goldpelican said:
Old Codger said:
That 'rocket' is VERY impressive!
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I was going to do the same thing yesterday bit didn't have any decent editing tools on this laptop - looks fantastic!
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I "borrowed" your downward spiralling silver girl GP and made a few adjustments :P
 
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.

By Michael Kitchen

LOS ANGELES (MarketWatch) -- U.S. exchange operator CME Group CME +0.81% said late Wednesday it is raising the margin requirements for trade in a wide range of gold products, effective Thursday. The speculative margin requirement for a new position in Comex 100 gold futures will rise to $7,425 from $6,075, or to $5,500 from $4,500 for existing "current maintenance" margins. However, benchmark gold futures extended their rise in the wake of the announcement. Comex gold for December delivery GC1Z +0.16% rose to $1,807 an ounce from its $1,784 New York settlement level Wednesday, ahead of the CME announcement.
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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...
 
Goldmember said:
thehuckler said:
mmm....shiney! said:
Quite frightening really, a little too quick for my liking. Still, I'm not complaining, gives me more breathing space if (when) a correction occurs.
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Yeah, I agree, it is rising very quickly.

It will definitely correct, just a matter of when.

However, having said that, we've seen these $50 days before with gold and ultimately, it has held its value.
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It will definately correct....but the USA keeps going down the gurgler (sadly)....the more that happens,what will happen to Gold?

......especially when real FEAR grips the Sheeple? not to mention the world? Theres serious shit going on out there :(
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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?
 
FOFOA on Gold $1800.

http://fofoa.blogspot.com/2011/08/forum-1800.html

220_orbital_launch.jpg
 
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...?
 
Midnight Man said:
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?
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You guys are too nice, no-one laughed! ;)
 
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:
 
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