Gold is way down

ER

$326/oz today.
Wasn't it just a month ago that it was flirting with $380?
Seems like whenever the Dow Jones shoots up, gold price drops.
My feeling is that, if the war is relatively quick, the economy will bounce back (seems like it's starting already), and gold price will continue to drop to 312 - 320.
What do think?

Russ

That's what we've heard.

Russ, NCNE

paigowjohnny

Short gold !!!!

barberlover

My prediction is that if the end of the war is swift and mostly bloodless, that gold will fall to between 260-280 an ounce and stay below 300 untill we deal with more terrorism or Korea gives us trouble.

SethChandler

Best week for the Dow since 1982

Russ

<< <i>Best week for the Dow since 1982 >>



Worst week for Saddam since 1991.

Russ, NCNE

keets

hey russ

you go, boy!!!! might be the worst week of his life.

ROTFLMAO!!!!

al h.

joejeweler

Yep.......just never got to sell when it was in the $380 range........but i usually scrap out on regular monthly intervals regardless of the price because i'm buying scrap at similiar levals also.

Funny thing is that gold usually reacts upwardly at the prospect of war......and sometimes peaks at the actual initiation of the outbreak of war.

But in this case......gold is actually dropping during the actual "fighting". Seems the gold bugs aren't worried in this case because the Iraqi solders are surrendering so quickly........MANY before they even fire a shot! Hard to get too worried in this case!!!!

Joe T






<< <i>$326/oz today.
Wasn't it just a month ago that it was flirting with $380?
Seems like whenever the Dow Jones shoots up, gold price drops.
My feeling is that, if the war is relatively quick, the economy will bounce back (seems like it's starting already), and gold price will continue to drop to 312 - 320.
What do think? >>