Gold dropping fast!!!!

rd5425 · February 13, 2003 12:21AM

Golds at $355, it already went down to $346, this is not good considering I just bought a bunch of gold at $365.

LucyBop · February 13, 2003 12:23AM

I have a friend like you, anytime he gets into something whether it be a stock or a precious metal it plummets! He has ruined me as far as Intel stock is concerned..

nwcs · February 13, 2003 12:25AM

Even though it hurts, the good side is that the prices will get reasonable again soon and you can buy again. I only buy non-bullion gold coins so I'm in it for the collection. But price certainly factors in.

coingame2000 · February 13, 2003 12:32AM

My friend called when gold was knocking on the door of $380 and asked me to get him some MS62 $20 Saints. I asked him where he was last year when gold was $100 less. He got the picture...

Mike

greghansen · February 13, 2003 12:46AM

I think your buy @ $365 is alright. There was no question that gold needed a pull back. It's move had become a bit parabolic. I DO NOT THINK this is the end of the gold bull. Too many other factors convergin other than just the war. I missed any pull back below $350, I didn't see that, but if it does consolidate below $350, I'll buy a little more.

jeffnpcb · February 13, 2003 12:55AM

Actually the fluctuation over the past few days is not as alarming as the fall of the U.S. dollar against other currencies for the past several days. The Euro is at .92 per $1. US. Go to Kitco and follow out to the currency charts. That in itself should be more alarming in relation to the price of gold. Takes less Euros to buy the same amount!
Stick with collectable coinage and avoid the bullion!!

asnooker · February 13, 2003 1:29AM

Sounds like it's almost time to buy again....

shirohniichan · February 13, 2003 1:37AM

It's all the fault of the Bush Administration and his minions of Satan. At least that's what I heard on Baghdad Radio...

Coppernicus · February 13, 2003 1:40AM

Coppernicus · February 13, 2003 1:41AM

Lucy - Next time your friend buys something, PM me and I'll short it!

LucyBop · February 13, 2003 1:42AM

<< <i>Lucy - Next time your friend buys something, PM me and I'll short it! >>

A great idea.......

MrKelso · February 13, 2003 8:32AM

$357.50

Just a correction thats all.

g097103 · February 13, 2003 8:39AM

It was a good day to load the boat with miners stock. This was already factored in as the miners didn't drop
much, for the most part. Pity the people holding Barricks yesterday.

ClausUrch · February 13, 2003 8:40AM

SUCKER!!!

meos1 · February 13, 2003 8:45AM

Hey thats great news. I have bought some modern commems recently and the thought that there may be a pull back only signals another buying wave!

Cam40 · February 13, 2003 9:59AM

Is it more likely than not that gold will go up substancialy once we start the invasion?
Someone mentioned that that sorta happen in the first Gulf War in `91
I,m tempted to buy $10,000 in GAEs now and sell it all when it gets to $480 or so per.
What are the odds.

MrKelso · February 13, 2003 10:08AM

Just a little correction is all.. Oppss i said that already. It must be the Royal Salute talking to me.

Cam40 · February 13, 2003 12:08PM

Ok ,I,ll take the little bit there in the foreground.You all can fight over the rest.

roadrunner · February 13, 2003 12:15PM

The $350 point was a good opportunity to buy back in. Numismatic gold didn' t seem to take much of a hit considering. Still feel gold will achieve the $400 mark "relatively" soon.

roadrunner

Gold dropping fast!!!!

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