The Reason Why I think The Price of Gold Has Peaked!

AbesNeighbor

I just bought three coins for my SET and paid Waaaay too much. That usually means I bought at the top!

agentjim007

Ya I bought a coin also. We destroyed the entire gold market.

Bear

You are now following my stock market principle of investing "Buy high and sell Low"

Gives me a tax loss every year it seems.

jeffnpcb

Dropped over $15 in two days and still dropping now!

LanLord

Glad I dumped alot of bullion over the weekend. Wish I had done it at $380 though.

Cameo CC

In my opinion the value of gold is directly tied to the value of the US dollar. With the fears of war, gold went up. Now CNN reports, "WASHINGTON (CNN) -- U.S. officials told CNN Wednesday that "secret surrender" negotiations have begun with key Iraqi military officials in hopes some military units will not fight U.S. and coalition forces should there be a war."

With the fear of war going down then it is natural for gold to go down as well.

I do believe gold will go over the $400.00 level by the year end.

Todd

Tootawl

As of 2:55pm EST, gold is going for $336.00 down 10.60. ....ouch....

Tootawl

So much for my idea of selling some gold eagles in Baltimore.

MrKelso

Just another correction Gold is still bullish.

AHHHHHHHHHH!!!! The Joy