***** The Golden Rocket: $454.10 *****

Justin

http://forex-markets.com/quotes.htm

tradedollarnut

bad dollar! bad! bad!

Justin

{I personally am uncomfortable with gold at its new level.}

He. He. IMHO Gold going to $1,000 then $2,000 within the next 10 years.

morgannut2

I understand there's a new exchange traded fund that buys gold bullion. It was mentioned by Maria in N.B.R but I didn't have a pen handy. It would be nice if there was instant liquidity in this game to sooth my gamblers urges to buy!!

Justin

{I understand there's a new exchange traded fund that buys gold bullion}

Is this de one?

http://finance.yahoo.com/q?s=gld

morgannut2

Thanks Justin---I'll call my broker at Scottrade, it looks like the one. When I make a million this week and SNIPE that sandpapered NGC 1885 Proof Tradedollar from TDN at Baltimore, you're in for a cut!!!!

Mikey

I want to see what it does to generic gold pricies

ttown

<< <i>I understand there's a new exchange traded fund that buys gold bullion. It was mentioned by Maria in N.B.R but I didn't have a pen handy. It would be nice if there was instant liquidity in this game to sooth my gamblers urges to buy!! >>



Careful on this one folks. I've read too much on this fund, they never really transfer gold from one bank to another even though it makes contracts thoughout the world. So bottom line is they may have it or they may have a piece of paper thats says they have it.......this could be another Enron scam IMO. Buy circulated gold coins and if gold doesn't pan out you still have something to enjoy and ITS IN YOUR SAFE!

http://news.goldseek.com/JamesTurk/1101100282.php

http://www.rense.com/general59/goldbullionfundadmits.htm

roadrunner

Take physical possession of your bullion gold, period. If you want to buy gold stocks then do that separately. I also do not feel the ETF gold fund is a 100% safe enterprise. The reason to buy gold is for a safety net against falling currencies. And to be safe, you need to have possession or fully trust the 3rd party who does have it.

US dollar took another hit overseas. Gold responded by springing to $453. The US dollar just fell under the inflection point where several pundits said it will turn around. The dollar needs to pick up some steam immediately in the next few days or its momentum will carry it down quite a bit further. And if that occurs, gold is going to $465-$500 in response. There is much more "discomfort" to come in the gold price as it climbs its wall of worry. There is no immediate fix on the horizon to our (and the world's) economic issues. Hence gold will continue it's 3 year up-trend until solutions are enacted.

Due to the manipulation via the gold carry trade over the past decade, gold has much still to do to find its true value relative to currencies and equities. $550-600 just gets it back to equality.
To balance the US spreadsheet you are looking at $1650 gold (per Jim Sinclair). Gold at $450 looks awfully puny in comparison.
A 20 year bull market in paper equities doesn't get all of its excesses and abuses wringed out in 3-4 years. At least not any time in the last century.

roadrunner

SportsModerator

IMHO

When it comes to gold/silver, one must practice the philosophy of Olivia Newton John

"Let's Get Physical"

Justin

Be careful morgannut2. What ttown says might be true.