support price for gold $795 and getting close

MoneyLA

the trend line shows support for gold at about $795 and we are getting close.

cheers, Alan Mendelson
www.BestDealsTVshow.com

pf70collector

Right now the Plat Uncirculated W's are much too overpriced at the mint also.

StampAlarm

I read $740-$760 for gold

roadrunner

There are probably articles out there that list support for gold at $650 as well. The longer you read, the more variations you will find.
$795 would not even be a correction in my book. If that's all that cartel & commercials can muster, they are in for big trouble soon.

On 11/15 a true accounting of risky derivatives is due by all the banks playing with them. Note that most of the bigger ones have already turned in their numbers and it's not pretty. Other than Merrill Lynch at 38% or so, all the others have a 100-250% ratio of level 3 derivatives
to actual liabilities (in layman's term that mean's that could potentially be bankrupt). Merrill is in the best shape at this point. A typical
statement lists $100 BILL in level 3 derivatives vs $50 BILL in real company assets. Not pretty.

roadrunner

StampAlarm

Does anyone here pay attention to the once a day for silver and twice a
day for gold London Fix? Small fry here just goes with the flow like most,
but seeing the big time people come to an agreement on a price, especially
what a small fry would consider good, gives some comfort

Afternoon gold....805 silver....1514cents

Fun info on this site



Jerry