Another Monday, another premarket open rally
rgCoinGuy
Posts: 7,478 ✭
Quid pro quo. Yes or no? 0
rgCoinGuy
Posts: 7,478 ✭
Quid pro quo. Yes or no? 
Comments
That is the question
<< <i>Love that Loch Ness Mo9nster curve.........
Ah yes, Nellie it tis!!!!
Love the CBS Marketw*tch headline: "Gold futures rally 4% on Obama infrastructure plan"
<< <i>Love that Loch Ness Mo9nster curve.........
dang me too....i thought that b4 i read your post...and Goldbully's
bailout to companies other than financial institutions means more purchasing, more money....inflation....weaker USD...oil is way to friggin low...so an eye on that as the dollar weakens
Starting the late Sunday/Early Monday rise again!
<< <i>All that glitters....cook it!!!
Why is the handle on the shovel next to the flame? Won't it burn your hands?
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>Something just kicked it up a notch. >>
Feds lowering the prime again?
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>Something just kicked it up a notch. >>
manipoolation of course.
seriously though... i have a feeling gold will peak right around 850ish
and by the end of this week be below 800 again... and maybe even
visit a new low for the year.
the trend is down for the short term.. not up.. in my opinion.
long term is a different story... years out....
--------
as for silver? below 10 in several business days.
<< <i>
<< <i>Something just kicked it up a notch. >>
manipoolation of course.
seriously though... i have a feeling gold will peak right around 850ish
and by the end of this week be below 800 again... and maybe even
visit a new low for the year.
the trend is down for the short term.. not up.. in my opinion.
long term is a different story... years out....
--------
as for silver? below 10 in several business days. >>
I guess it all depends which "fortune teller" you listen to or believe. I've read exactly the oposite, saying that if Gold breaks the $830 support level on the upside, man the torpedo's, full speed ahead for an upswing ....
We shall see.
The continuing weakness in the dollar certainly didn't help..now at <.83 following a head and shoulders reversal. Or how about continued lack of faith in stocks and the paper financial system in general because of the $50 BILL Madoff Ponzi scheme. A lot of fallout from that catastrophe. It's coming down to that you can trust what you can hold in your hand and what is perceived to have value world-wide.
$850 won't turn gold. Possibly $870-880 could but I think we're making way to $900. The rise in the HUI over the past 2 months from 160 to 280 (+75% gain) is leading the physical gold rise much like it did in 2001-2003.
As far as gold testing a bottom soon, that could happen if the dollar reverses course in the next 2 weeks. And as far as long term gold prices, I'd be very surprised if we don't set a new all-time high in 2009 and a better than 50-50 shot of hitting $1200. Just my 2c.
roadrunner
wsj link
The PPT straight-drop takedown was apparent at Monday's open. Right on time boyz. Now see if you can keep the metal from closing above $887.
roadrunner
Constant $, stable Euro? I don't know what charts you'r looking at, but the euro is up by about 10% against the $ since 11/17...
Could it be a coincidence that Gold is up by about 9% during the same time frame?
I didn't realize that "last week" included the period from 11/17. My bad. I'm looking at the charts from the Christmas 7 day period where in fact, the dollar was eerily stable while gold shot up. Tougher for the PPT to play with gold when things other than the dollar are affecting it.
roadrunner
I'm guessing it will retract, which means it will rise dramatically.
I've been really good and not spending my extra cash for the last few weeks.
I'm excited to finaly own a piece of gold...
Click on this link to see my ebay listings.
<< <i>
<< <i>Love that Loch Ness Mo9nster curve.........
Ah yes, Nellie it tis!!!!
Love the CBS Marketw*tch headline: "Gold futures rally 4% on Obama infrastructure plan"
That's quite a left handed compliment and I'd bet they meant it that way. --Jerry
*edit - no pun intended
That's quite a left handed compliment and I'd bet they meant it that way. --Jerry
I'll bet that any number of left handed compliments will be in the offing this year. Wait for the market's reactions to Obama's "Alternative Energy Mandate Bill", or his "Health Care Bill".
Later on, I'm sure that his "Civil Unrest Contingency Plan" will be a big hit.
I knew it would happen.
Two more days of the current action and you can look for a real spike in gold.