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Gold Just Went Nuts, Surging To A Record Above $1230
The Business Insider ^ | 5-11-2010 | Joe Weisenthal

Posted on 05/11/2010 1:11:31 PM PDT by blam

Gold Just Went Nuts, Surging To A Record Above $1230

Joe Weisenthal
May. 11, 2010, 3:22 PM

Interesting developments in gold today. It's been higher all day, but really has gone nuts in the last hour.

[snip]

(Excerpt) Read more at businessinsider.com ...


TOPICS: News/Current Events
KEYWORDS: commodities; economy; gold; goldbugping
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1 posted on 05/11/2010 1:11:31 PM PDT by blam
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To: jiggyboy
RBS' Bob Janjuah: Euro Will Fall To Dollar Parity, And The S&P Is Fairly Valued At 850

* 0:40 Buy stocks short term, euro is going to parity, treasuries are a problem long term, gold to $1500 this year

2 posted on 05/11/2010 1:16:01 PM PDT by blam
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To: blam

I’m a very happy person today!


3 posted on 05/11/2010 1:18:43 PM PDT by Free America52 (The White guys are getting pissed off. We beat Hitler Hirohito and Krushchev. Obama will be easy.)
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To: blam

Ain’t seen nothing yet.


4 posted on 05/11/2010 1:21:12 PM PDT by beethovenfan (If Islam is the solution, the "problem" must be freedom.)
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To: blam

Watching some aftermarket trades and some volume correction on my SmartStation now....Bloomberg Financial Computer is quiet.


5 posted on 05/11/2010 1:23:40 PM PDT by DCBryan1 (FORGET the lawyers...first kill the "journalists".)
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To: blam

Buy Silver.


6 posted on 05/11/2010 1:28:25 PM PDT by samadams2000 (Someone important make......The Call!)
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To: samadams2000
"Buy Silver."

I already did, back at $12.50.

7 posted on 05/11/2010 1:32:39 PM PDT by blam
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To: blam
You mean the radio ad that said it would go over $1200 was correct. Maybe time to sell. Bought most of mine when it was at $300 or just below in the high $200's.

What do you think?

8 posted on 05/11/2010 1:54:46 PM PDT by gunsequalfreedom
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To: Free America52
I’m a very happy person today!

Only if you sold today.

9 posted on 05/11/2010 1:55:13 PM PDT by gunsequalfreedom
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To: Free America52

I hope you aren’t thinking you’ll sell your gold for a fortune,

because gold going up like this is an indicator that the dollar will soon be worthless.


10 posted on 05/11/2010 1:55:47 PM PDT by MrB (The difference between a (de)humanist and a Satanist is that the latter knows who he's working for.)
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To: gunsequalfreedom
Maybe time to sell.

This is the only reason to have a broker at one of the major brokerage firms. Keep a small account with one of then and a few grand in it.

When he recommends that you buy gold. UNLOAD IT FAST!!!!! You are at exactly the top.

11 posted on 05/11/2010 2:10:26 PM PDT by Onelifetogive (Flame away...)
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To: blam

12.50? Late to the party!


12 posted on 05/11/2010 2:14:18 PM PDT by Travis McGee (---www.EnemiesForeignAndDomestic.com---)
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To: Onelifetogive
When he recommends that you buy gold. UNLOAD IT FAST!!!!! You are at exactly the top.

We are going to witness the end of global fiat money. In paper terms, gold is nowhere near a "top." We'll see gold outlawed (good luck to them) before we'll see a gold "collapse."

13 posted on 05/11/2010 2:15:39 PM PDT by Travis McGee (---www.EnemiesForeignAndDomestic.com---)
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To: MrB
I hope you aren’t thinking you’ll sell your gold for a fortune, because gold going up like this is an indicator that the dollar will soon be worthless.

Exactly. Better to be holding physical than a pile of "Weimar confederate dollars."

14 posted on 05/11/2010 2:16:39 PM PDT by Travis McGee (---www.EnemiesForeignAndDomestic.com---)
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To: Travis McGee
"12.50? Late to the party!"

Yup...

I bought (many) Krugerrands at $402.00 each though.(back in 1993)

Oh...

I took your advise on nickels too.(I won't even tell you how many nickels I have, lol)

The Nickel Is Worth 5 Cents Again

15 posted on 05/11/2010 2:28:06 PM PDT by blam
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To: blam

I’m waiting to see what Harvey says about the Comex tonight...


16 posted on 05/11/2010 2:45:46 PM PDT by djf
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To: blam

Perfect. You are well poised for the big fast run to $100. Regards.


17 posted on 05/11/2010 2:45:47 PM PDT by samadams2000 (Someone important make......The Call!)
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To: blam

Those Krugerrands sell for $1,200+ each on eBay.

You made a good investment back in 1993.


18 posted on 05/11/2010 2:46:02 PM PDT by july4thfreedomfoundation (I'm voting for Sarah Palin because she pisses off the right people.)
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To: blam

China buying again, hedging on the European disaster that is coming?


19 posted on 05/11/2010 2:47:35 PM PDT by Danae (Don't like the Constitution, try living in a country with out one.)
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To: blam

bump


20 posted on 05/11/2010 2:48:30 PM PDT by GOPJ ("Draw Mohammad Day" - - May 20, 2010 - Draw for freedom - draw for your children's freedom.)
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