Posted on 09/02/2009 2:20:53 PM PDT by Kartographer
Gold prices surged Wednesday, breaking out of a narrow trading range that has been a constraint for months.
Gold for December delivery jumped $22, or 2.3 percent, to $978.50 an ounce on the New York Mercantile Exchange — its highest close since June 4 and the biggest one-day jump since March 19 when the metal jumped more than $69.
(Excerpt) Read more at google.com ...
How’s silver doing?
I Japans new PM dumps the dollar like he promised...LOOK OUT!
>>December silver rallied 30.5 cents, or 2 percent, to $15.3650 an ounce, <<
WoooooHoooooo!
I just bought another 300.00 worth of Silver!
I paid 2.99 over spot at 14.21
Gold ROCKED today.
I should sell a couple hundred oz of silver...today or tomorrow.
One (among many) places to get quick quotes: www.amark.com
Freedom’s Precious metals are gold, silver, and lead. I call it diversifying my portfolio.
I brought gold for the 1st time last night. You can all thank me.
Woo Hoo!!!
how is cold pressed latinum doing?
Gold I guess has it’s place but I rather have food and ammo.
don’t be a scrooge. tell where you bought it.
APMEX
https://www.apmex.com/Default.aspx
Once you buy from them, they send you special offers.
Your first purchase can be expensive, but the later ones are GREAT.
The best theory I can come up with for gold’s spike today is twofold:
1: Metals and oil ETFs are getting dumped, led by the utter carnage in UNG (Nat’l Gas) because there is a serious movement afloat to limit speculation in some of these commods. In 0bama’s utopia, see, speculators are responsible for otherwise unexplainable fuel price rises, which harms da peeple.
2: Since mining is so fuel intensive, a *decrease* in the POO [price of oil] is often viewed as a contrary bet to metals prices. Eg; gas/diesel gets cheaper, metals get cheaper to mine.
3: Since many commod investors are getting squeezed out of their oil bets, they have a tendency to stay with commod bets.
4: There’s also a nicely formed triangle on the gold chart which looks to pop prices maybe $10 higher.
http://tickerforum.org/cgi-ticker/akcs-www?post=109352
[probably behind a password, but give it a whack]
Absolute causality? Nope, just makes a certain amount of sense.
Once you buy from them, they send you special offers. Your first purchase can be expensive, but the later ones are GREAT.
I just started an APMEX account a month ago and have made several purchases. I'm pleased so far with them.
It’s at $996/oz. right now.
AU up up and away
USD going down though I wish it wasn’t
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