I have about a 30% position in gold and silver right now, and last Friday night I put in an order for a bit more at Monday's opening. But I'm not a broker and I make no recommendations.
That rat Soros.
Soros?
That should put the stock market in the toilet
tomorrow.
I never listen to anyone who even vaguely sounds like a "gold bug." But, if true, your post is somewhat scary.
Gold is at a juncture. Either gold and silver will break through resistance, or they'll pull back again. Something's got to give.
(Yes, I know, that's not very helpful.)
Did any selling of this nature occur immediately before 09/11?
I have about a 30% position in gold and silver right now, and last Friday night I put in an order for a bit more at Monday's opening. But I'm not a broker and I make no recommendations.
either this is a play on a potential terror attack this week, or a further move by Soros to try and create a "black monday" scenario anmd crash the stock market before the election. I had posted about that a couple of weeks ago.
its going to be a very long week.
I bought an ounce of gold at $400 8 years ago, they guy at Blanchard said it's going up. Literally the next day it stared falling. WHat is gold at NOW?
i don't get too concerned about any investment moving by about 1% in any given day.
http://www.freerepublic.com/focus/f-news/1255514/posts
Central Bank stops supporting dollar
Russia Journal ^ | October 22, 2004
Posted on 10/24/2004 4:12:47 PM CDT by jb6
MOSCOW - The weighted average dollar exchange rate was 29 RUR/USD in the first 90 minutes of trade at a special session today. Thus, the official dollar rate for October 23-25 will decrease by RUR0.12. This is the most considerable one-day drop of the dollar against the ruble since late April. The low on the deals was even 28.95 RUR/USD at the UTS.
Resistance for gold is about $430. If it holds above that for a few days it might be significant.
The dollar has been weakening for the last few years and has picked up downward momentum in the last six weeks.
Bookmark.
Folks! If gold is getting quoted in dollars ( D-O-L-L-A-R-S ), and those dollars are going down in value, then sellers of gold will want more of them for each unit of gold. The action is in the dollar, not gold.
The currency/dollar market is MONSTEROUS, much larger than stocks/bonds, and dwarfing gold. If you needed to buy dollars to buy all of the available gold on the planet, it would hardly move the currency/dollar markets.
Why?! If you have the physical gold and get called on your short, then all you do is deliver the metal, which is what gold producers do for a living.
Cool. I am going to be rich.
Thought you might be interested.
Oil prices are being manipulated, why not gold?
This could be the reason for the gold spike:
Tokyo Stocks Open Lower; U.S. Dollar Down
Tokyo Stocks Open Lower Following Deadly Earthquakes; U.S. Dollar Lower Against the Yen
http://biz.yahoo.com/ap/041024/japan_markets_2.html
Tokyo stocks opened lower Monday due to economic uncertainties following powerful earthquakes that hit northern Japan over the weekend. The U.S. dollar was down against the Japanese yen.
The Nikkei Stock Average of 225 issues was down 138.20 points, or 1.27 percent, at 10,718.93 points early Monday. On Friday, the index gained 67.90 points, or 0.63 percent.
The dollar bought 106.61 yen at 9 a.m. local time Monday, down 0.98 yen from late Friday in Tokyo and below the 107.26 yen it bought in New York later that day.
Stock prices fell amid uncertainties about the economic impact from the earthquakes in Niigata Prefecture, which had killed at least 23, injured thousands and forced thousands to be evacuated. A magnitude 6.8 quake hit the region Saturday, followed by hundreds of aftershocks, including the one with a preliminary magnitude of 5.6 that occurred just after dawn.
The market mood was also dampened by Wall Street's losses Friday.
Tokyo stocks opened lower Monday due to economic uncertainties following powerful earthquakes that hit northern Japan over the weekend. The U.S. dollar was down against the Japanese yen.
The Nikkei Stock Average of 225 issues was down 138.20 points, or 1.27 percent, at 10,718.93 points early Monday. On Friday, the index gained 67.90 points, or 0.63 percent.
The dollar bought 106.61 yen at 9 a.m. local time Monday, down 0.98 yen from late Friday in Tokyo and below the 107.26 yen it bought in New York later that day.
Stock prices fell amid uncertainties about the economic impact from the earthquakes in Niigata Prefecture, which had killed at least 23, injured thousands and forced thousands to be evacuated. A magnitude 6.8 quake hit the region Saturday, followed by hundreds of aftershocks, including the one with a preliminary magnitude of 5.6 that occurred just after dawn.
The market mood was also dampened by Wall Street's losses Friday.