Will Gold break 1300 soon.

T

TheEnd

Well-Known Member
There has been some big volatility lately...straight ups and straight downs of near $10 each way..... I think we may see it break 1300 this week?
 
I took it the wrong way, I must be stuck in downward spiral mode, I checked the charts and was like what's he talking about, it's already under us$1,300! Then it clicked, you mean up, I guess it depends on what mr Bernanke is told to say next
 
Needs to not only break 1300, but then 1320 and 1340 in quick succession. I prefer it just going straight to $1500 :)
 
With the AUD at 92c against the USD, gold @ $1,400 is not particularly attractive as an investment. I'd say its in a "neutral" price point in AUD terms, which means if you dont have any gold you might dip you toe in the water with a small purchase but if you are already a holder its not time to increase your exposure above your long term asset position.
 
For some reason it just WILL NOT break 1300....I wonder why? Is it Jim Rogers new predictions???
 
TheEnd said:
For some reason it just WILL NOT break 1300....I wonder why?
Click to expand...

I'll tell you why... it was doing fine until I bought some Krugs... then ffffft! :(

Typical
 
TheEnd said:
For some reason it just WILL NOT break 1300....I wonder why? Is it Jim Rogers new predictions???
Click to expand...

Maybe it's because the correction in prices isn't over yet?
 
Not long to go before $1300 is broken. Why do you listen to the likes of Jim Rogers. Do you really believe he would be telling you what he is doing. You may at best hear 3-6 months later what he did.
 
I can understand why people like Jim Rogers tell everyone it will drop more. That way he can tell all the naysayers to shut the f@#& up if it does drop due to BS.

But do what he does & not what he says, and what he does is BUY BUY BUY!
 
wouldn't surprise me to wake up tomorrow and hear that Ben said he will increase QE 10x and gold crashed to $200. In this crazy world anything can happen.

Anywho I picked up these today just in case.

0021.jpg
 
QE in england has been voted down.

Bernanke on rack to rollback QE in September .. Why did the prices go up and the USD weaken by 1c
 
You must log in or register to reply here.
Back
Top