[expat_panama]

Ah, forgot to mention that gold is down by a third since five years ago. Sure some folks know how to get rich buying/selling gold, and others do it w/ silver, copper, grains, currencies, I'm just on one of 'em.

More metals info at http://www.cmi-gold-silver.com/gold-silver-daily-spot-prices/

[dp0622]

been making a few bucks the past week going long eur/usd.

expect 1.17 and will take it from there.

if the USD reverses its 8 year run, gold could see over 2k.

the problem with gold going to 15k an ounce is, you probably wouldn’t want to live in a world where gold is 15k an ounce.

from the long term angle, there you need an investment pro :)

[Alberta's Child]

My rule of thumb is to stay away from any asset class that is advertised all over TV and radio.

This model has served me well over the years. Once you see Erik Estrada or some other lame A-hole on ads and infomercials hawking the "next big thing" in real estate, it's time to get ready for another real estate collapse.

[Read Write Repeat]

With tech imploding again, gotta put the money somewhere.

[Pontiac]

Depending on your level of risk tolerance, gold should be anywhere between 2% and 10% of your portfolio, but not much more than that -- because the world is only going to end once, and how are you going to collect on your bets if it does?

Depends on your definition of the world.

If you mean the world economic system (which is why you buy gold) I would say that it has ended several times in history.

Rome is the largest of these world economic systems (my opinion) that ended and brought down a big portion of the wealth accumulated in the world.

[RegulatorCountry]

Precious metals are one safe haven in times of economic turmoil. It’s also been subject to apparent manipulation over the past couple of decades. When the fear outstrips attempts to suppress value, then it’s going up. When it doesn’t, it stagnates or falls. Currency valuations also play a role. It’s not a simple matter of inflation equals increasing gold or silver price. There’s a lot of psychology involved. That said, there’s a certain level of fear now, and gold is creeping back up again. Jump in if you think it’s going to continue. It might.

[Mr Apple]

...hit a four-month high of just under $1200 per ounce on Monday before dipping 0.7% Tuesday to $1189.30.

I like gold. I like Am 1oz gold Eagles, Canadian 1 oz gold Mapleleafs and 1 oz gold Krugerrands but my guess is that gold will settle back to the $10.90 level and stay at that level all this year. Gold will spike but drift back to the $10.90 level (again, my guess.) I think that the real bargain now is silver. I like silver at this level of $15.38. I was posting last week to buy silver when spot was $14.50ish. I prefer 1 oz silver Canadian Mapleleafs and the 1oz silver Mexican Liberatad. Buy now is my advice to all. [get gold and silver quotes at kitco.com -only 10 min delay but don't buy from kitco; you'll get better quotes from local coin dealers /call 2-3 to compare quotes]

[expat_panama]

Happy day after Ash Wednesday!  While silver's just topped where it was last Nov., gold jumped to an 8-month high and metals futures are standing pat w/ a -0.01%.  Stock index futures are scared to -0.49% after yesterday's flat outcome in falling volume. 

Anyone here into short sales?

Today's "Claims Day" at the report factory:

8:30 AM Continuing Claims
8:30 AM Initial Claims
8:30 AM Continuing Claims
10:30 AM Natural Gas Inventories

New econ threads:

• Economic Libertarians Will Have a Friend in Ted Cruz
• Something Very Disturbing Spotted In A Morgan Stanley Presentation
• How Fears About Recession Could Become A Self-Fulfilling Prophecy
• $100 Trillion Up in Smoke
• Portfolio Moves As U.S. Recession Signals Intensify
• White House forecasts fastest economic growth in decade...? Where-Washington D.C.?

[DannyTN]

Cruz want s us to go back to the gold standard for currency. Can you imagine your dollars purchasing value jumping around like gold? Down 20% one year up 20% the next subject to speculators like Soros? No thanks. Cruz is incompetent when it comes to the economy.

[StAnDeliver]

"I recommend you use this recent rally to lighten up, meaning SELL some of your gold."

Definitely a sell-into rally.

[mad_as_he$$]

I make good money on gold. I mine it.

[STJPII]

How high will this go today? This is absolutely EPIC!