AU back above 1400
northcoin
Posts: 4,987 ✭✭✭✭✭
Gold
$1,406.50 (+7.40)
After a weekend of slipping below the 1400 mark, stability at 1400 may be back with implications for gold collectible coins as well.
2
Comments
Hopefully it will get some solid footing besides the fear factor. I hate depending on that. Perhaps monetary easing would help the gold cause.
m
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
you seem infatuated with Gold and a high spot price. watch the "tease" play out this week and then in the next week or two through the summer it can slide back into sub-$1,350 territory. as though it has never happened before. when these things take place it always hurts someone more, either the buyer or the seller. right now it seems to be the seller who is most apt to lose while a buyer can get some cheap Gold.
right now the Silver/Gold ratio is 93:1.
Ah the gold roller coaster ride....up and down.... then mellow for a while....then up a tad, then down again....Meanwhile, people jump in and out, some make a buck or two, others lose a bit....Party on...Cheers, RickO
Gold
$1,423.00 (+4.10)
07-11 3:56 AM EDT
Well that dip below 1400 was short lived. Justacommeman may well be right:
"Hopefully it will get some solid footing besides the fear factor. I hate depending on that. Perhaps monetary easing would help the gold cause."
I bought a coin shop ten years ago. Gold was $900. Silver was $10.
Here we are today. Talk, talk, talk.
It goes up. It goes down.
Watched a fellow buy as much as he could when silver hit $45 and gold was near $1900.
Dip the toe. Dabble. Immerse yourself. But remember: all metal can be sharp and cuts deep.
``https://ebay.us/m/KxolR5
Thanks NorthCoin for remaining aware and interested.
All-time high (interday) for gold was approximately $1895 on 5 September 2011.
The last eight years have been frightful, simply frightful.
Of course, one has a savings/insurance position.
$1,416.20 (+12.20)
07-12 4:59 PM EDT
FWIW
Diversify with high grade classic silver
My US Mint Commemorative Medal Set
Gold closed today $1.04 lower than it opened 24 hrs. ago. this market is a tease and a joke. stagnation only scares people.
People are buying gold so that told me I should go the other way and have moved a bit of cash into platinum. Between Ebay sniped certified bullion at spot when I can find it and I just bought a 127 gram bracelet for only a modest premium over spot @ basically 25% what it would have cost a few years ago when premiums were strong. If it moves up at all I am in the black and if it doesn’t I have my faceless watch for when I am off the clock.
11.5$ Southern Dollars, The little “Big Easy” set
Goes good with Porsche.
At least you've been getting the gold dividends for the last 8 years....oh, wait...
All comments reflect the opinion of the author, even when irrefutably accurate.
I would imagine easing would drive gold prices down somewhat as it would help an already strong economy. I don't look for any easing unless the economic indicators warrant it. What will eventually push gold up is growth in the level of our national debt.
In the meantime I am on the sideline.
I would imagine easing would drive gold prices down somewhat as it would help an already subsidized and propped up economy.
there, I fixed it for you.
well, northcoin, it appears the "slide" back to sub-$1,400 is underway, and not surprisingly. I will say this, "If we don't learn from History you are bound to repeat it" and this pattern has been repeated ad nauseum over the years. the day will come when Gold does in fact break out and sustain the bust, but it should be clear when it's happening.
I predict the price to settle for the weekend around $1,385, but I've been wrong before.
The PM roller coaster is - and has been - calm with no real dives or thrilling turns and curves....It will continue as such until the dollar dives or a major black swan event....Cheers, RickO
gold starting to break out again, just jumped up 8 dollars in 20 minutes, now 1,420
nice rally from a low this morning, but I would hardly term it a break-out.
I think gold is starting to price in a fed rate cut to help prop up the stock market. The deficit has sky rocketed the last two years with all the corporate tax cuts. The Fed might whack the rate .5 in a one and done rather then a .25 a couple of times.
m
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Silver is the one to watch, suddenly up to $16.12 and the ratio sliding back to 88:1.
Gold
$1,419.00 (+4.60)
07-26 4:59 PM EDT
Interesting week. While the valuation has been higher and lower at various points, gold has consistently stayed above $1400.00. Maybe we are in for a measure of stability
I will say my GOLD buffaloes are prettier at $1420.
😊
Gold
$1,420.80 (+1.80)
07-29 11:56 AM EDT
More of the same as a new week starts.
Gold
$1,446.60 (+0.10)
08-02 12:23 PM EDT
Impressive jump from the recent. holding pattern.
Gold
$1,459.40 (+17.90)
08-05 2:21 AM EDT
A dead cat bounce or is 1450 going to be the new 1400?
Watch the dollar
All comments reflect the opinion of the author, even when irrefutably accurate.
Production at the mines in South Africa are down.
$1460 just now.
Holy Smokes!
I should have bought bullion instead of numismatic coins.
My Saint Set
looks like it may have something to do with China letting its currency fall
Good price point to lighten up.
my dad just called to congratulate me, made my day
Gold
$1,474.20 (+10.30)
08-05 6:55 PM EDT
After a rough day on Wall Street, the Yellow Brick Road glistens.
Not to hijack but looking at my wisdom reveals that platinum is still hovering around its 30 year low
11.5$ Southern Dollars, The little “Big Easy” set
Tomorrow could be just as rough market-wise with trade tensions ratcheting up as I write.
Futures are looking ugly again, market should open around 1% down. The market is bracing for Trump to retaliate by increasing tariffs again.
China admits to manipulating its currency, Iran seizing oil tankers, ongoing cyber thefts, etc---I think gold's future seems fairly strong for the time being.
When I buy it goes down but increases when I sell lol.
Gold
$1,479.50 (+4.60)
08-06 8:26 PM EDT
Continuing to edge up even with China now reportedly stabilizing its currency.
Soon, you might want to change the title of the thread.
To $1502, today’s high.
gold hasn't went up like this in consecutive days since 2011. will gold break 1,500 tomorrow? probably, currently at 1.490 in overnight trading. my obsessive buying over the years has paid off, people close to me thought I was making a big mistake
I remember when my Mom bought me the Panda when spot was $645 oz ....... but then the Prime was hovering above 6 percent
Well you decide what pill to take
$1511, uh huh, uh huh, uh huh.
How high can we go??
I think the height of PM's is tied to an ongoing trade war and now monetary manipulation by the Chinese... The people that move large sums of money around need a convenient place to park it while international politics play out...
Successful BST transactions with: SilverEagles92; Ahrensdad; Smitty; GregHansen; Lablade; Mercury10c; copperflopper; whatsup; KISHU1; scrapman1077, crispy, canadanz, smallchange, robkool, Mission16, ranshdow, ibzman350, Fallguy, Collectorcoins, SurfinxHI, jwitten, Walkerguy21D, dsessom.
Gold
$1,504.20 (+29.30)
08-07 1:33 PM EDT
Hard to argue that point.
This is crackling me up uh huh
"Inspiration exists, but it has to find you working" Pablo Picasso
...I just read this entire thread over half a joint...so whenever @keets says buy; we sell?...seems easy enough, Let’s Roll