Gold just hit AU$1600

SilverDJ

SilverDJ

Well-Known Member
Gold just hit AU$1600, and the all time high is only $1781 or so in Sep 2011.
So only about 10% below that record high.
Just say'n.
 
My SMSF may be above water :)

I wonder how long it will last, I am going to make the most of it now by gloating at my wife.
 
I don't think the AUD will fall below the 80 cent level without a RBA interest rate cut. That could come early next month
 
Jislizard said:
gloating at my wife.
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Danger Will Robinson!!!

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SovereignBuyerMelbourne said:
SilverDJ said:
Gold just hit AU$1600, and the all time high is only $1781 or so in Sep 2011.
So only about 10% below that record high.
Just say'n.
Click to expand...
Is a correction likely do you think? I'm trying to figure out if I should sell or buy.
Click to expand...

Whatever you end up doing, you'll regret :p
 
SovereignBuyerMelbourne said:
SilverDJ said:
Gold just hit AU$1600, and the all time high is only $1781 or so in Sep 2011.
So only about 10% below that record high.
Just say'n.
Click to expand...
Is a correction likely do you think? I'm trying to figure out if I should sell or buy.
Click to expand...

I just bought some.
I think it has a way to go up yet. Wouldn't surprise me if i cracked the record in the next few months.
But I'm equally likely wrong just as those who say it will go down.
A month or two ago it seemed like practically everyone on this forum was signaling doom and gloom for metals, down down down, they were all wrong.
Everyone's call is little more than a coin toss, regardless of how much they try and justify the analysis.
 
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