what's happening here w/ gold?

hiyosilver · March 13, 2007 4:34AM

besides the obvious nosedive?

Bochiman · March 13, 2007 4:41AM

Why, it's breaking out of course!
It has met my 200 point indicators and all signs are positive. It may not be today, maybe not even tomorrow, but sometime before the world crumbles into dust, it will hit $10 gigamillion per ounce. Mark my words!!!

ziggy29 · March 13, 2007 4:43AM

No, just another stock market meltdown. I'm extremely puzzled at how closely gold is tracking the stock market. It's highly unusual for gold to consistently crater when the stock market does -- especially with a declining dollar.

HonoluluDude · March 13, 2007 4:48AM

My two cents: Liquidity exiting assets perceived as speculative, since the stock market
is showing signs of weakening and subprime mortgage lenders are going belly up.
There is a perception out there that the subprime contagion could affect the
entire real estate complex, thus dooming the economy in the process.

Gold's a safe haven, but when liquidity flees, the baby gets thrown out with
the bath water.

19Lyds · March 13, 2007 4:58AM

Simple!

All the Gold investor's have sold out and are now buying and hunting for Plain Edge GW Dollars! Much bigger profit over a much shorter time frame!

BobaFett72 · March 13, 2007 4:59AM

its tanking

mhammerman · March 13, 2007 5:01AM

Here, you big ol' bison, come here.

hiyosilver · March 13, 2007 6:35AM

<<Here, you big ol' bison, come here.>>

HMMM....A nice BIG ol' fubbalo, I like that idea.

roadrunner · March 13, 2007 10:57AM

Sounds like it's time for a $700 gold vs. $700 google vs. 13,000 Dow
bet again.

And at least the $700 gold vs 13,000 DOW is a horserace.

roadrunner

jmski52 · March 13, 2007 11:31AM

Something's happening to gold?

Joflax · March 13, 2007 11:50AM

Gold down just over 1% and market down just over 2% ,
Baby with the bathwater stuff, gold still way outperforming the market over the last 5 years...its the next 5 years I am worried about

Bear · March 13, 2007 11:57AM

If the world should come crashing down,

would that mean, no more donuts will be made?

bidask · March 13, 2007 1:05PM

<< <i>If the world should come crashing down,

would that mean, no more donuts will be made? >>

If growth in China and US slow, yes there will even be fewer donuts made.

And the price of gold will go down too!

fastrudy · March 13, 2007 1:09PM

Look at the bright side.

If the revolution falls on a Sunday, you get Monday off.

fishcooker · March 13, 2007 4:24PM

Not sure why anyone would call its price a nose dive. The price continues to trade within its established range. Its action continues to follow the established trend in a textbook fashion. Investments 102 class example.

SpaceMonkey · March 13, 2007 4:26PM

absolutely... expect 620ish in the coming weeks and then...onward and upward!

/ed

jmski52 · March 13, 2007 10:37PM

If gold suddenly turns into lead, THEN there will be a problem. Until then, gold remains a store of wealth. And yes, the price will fluctuate, and there are too many influences to estimate why it moves in either direction.

"The future ain't what it used to be." - Yogi Berra

hiyosilver · March 14, 2007 4:32AM

<<Look at the bright side.

If the revolution falls on a Sunday, you get Monday off. >>

QUE VIVA LA REVOLUCION!!

what's happening here w/ gold?

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