[hang 'em]

"By the time you read about it in the paper it's peaked"

[Cicero]

For what it's worth, I think the present up leg has a few more weeks to go, and gold will probably reach around 530 before it corrects. It's almost certain to correct around the beginning of next year. But nothing is completely certain, or we'd all be rich.

I put in a mild plug for gold here a couple of weeks ago, when it looked like another upleg was starting, but it's not quite as good an opportunity now. Still, I think I'm not going to lighten up for another three or four weeks, maybe.

The MSM is only just beginning to mention the subject. There have only been a very few articles, even though passing 500 was a significant milestone. You'll know it's time to sell completely when CNN is urging you to buy.

[Petronski]

Gold keeps away the bogeyman.



'Cuz it's shiny!

[Movermike]

I love guys like Gartman and Bernstein, and throw in Kudlow and Luskin. They haven't recommended gold all the way up from $250 in 2001, and now they would buy it at $460. Who wouldn't! But if it goes straight up to $600, where will they be - still out of the market.

It's been 64 days since
Don Luskin, on Kudlow's TV show,
said that gold's up trend is over
and the price of gold will drop
$30-40 from $464.20!

Here are predictions you can take to the bank:
The central banks and the bullion banks are short 12,000 to 16,000 tonnes of gold, and the price of gold will equal the price of the Dow Jones Industyrial Average.
Mover Mike http://www.movermike.com

[arthurus]

Gold is NOT an investment, not for gain, anyway. Gold is to store value while the markets all get unpredictible from the inflation that is represented by the rise in the nominal price of gold. Only some speculators make money "investing" in gold metal by playing the very short term dips and blips in the price of gold. Those who hold gold lose a percent or two in transaction costs but the main body of value does not rise or decline. Investing in gold stocks can be lucrative if bought before the gold price starts making headlines which sends folks to gold stocks and runs the prices up more than the price of the metal warrants.

[Chewbacca]

For the truth about what is going on in the Silver and Gold markets go to the experts on the subject. They have been calling the market exactly as it has been for the last eight years.

http://www.lemetropolecafe.com


Gold to the moon baby!!!! Yeeeeehaaaaawwwwww!!!!!
GATA be in it to win it.

[jokar]

Gold

[arthurus]

• Central banks, especially in Asia, are buying to diversify their reserves beyond dollars and euros

Central banks in Asia are trying to maintain the value of their holdings as the major currencies of the world get pumped full of helium. They are not gaining by holding gold except relatively. As the piles of euros and dollars get smaller and smaller the pile of gold retains its dimensions. It does NOT grow but it doesn't shrink as dollars and euros do.

[bert]

.....some central banks are buying gold.....

Which central banks?

[William Terrell]

There is a rash of "Buy gold!", "Buy gold!" on all the radio stations, breathlessly predicting it will top $1000/oz. Spots are bought on all the conservtive radio stations.

Bite not. These are people that bought heavily 5 years ago when gold was $311/oz. You don't buy gold now; you sell gold now.