Go Gold

Kitco.com ^

[Fyscat]

Next stop, US$372.00?

[Support Free Republic]

Donate Here By Secure Server

Or mail checks to
FreeRepublic , LLC
PO BOX 9771
FRESNO, CA 93794
or you can use
PayPal at Jimrob@psnw.com

Become A Monthly Donor
STOP BY AND BUMP THE FUNDRAISER THREAD
Thanks Registered

[Semaphore Heathcliffe]

POG certainly is goosed today.

[Billy_bob_bob]

Up $7.00 in three hours. Hmmm. What the heck is going on?

[AdamSelene235]

Down with the Funny Money !!!

[meyer]

Up $7.00 in three hours. Hmmm. What the heck is going on?

Iraq!

[Semaphore Heathcliffe]

there's paper burnin in them thar hills

[Centurion2000]

Hmmm ... is the ballon going up yet ? AT the very least it seems to be tugging at the tether ropes.

[meyer]

The dogs of war are barking louder today.

[Steven W.]

maybe, on the way back to $270

[Steven W.]

not to mention the current alignment of Saturn and Jupiter which goldbugs will always tell you is very positive for its price momentum.

[Billy_bob_bob]

Strong moves up are usually followed by strong moves down. To be honest I'm surprised that gold hasn't gone down below $330 in the last couple of weeks, which would allow a lot of people to get out from under some short positions without being hurt too badly. Instead it's really starting to look like there is a new "support" for gold at $350, because it has stayed above that price for a while now.

Regardless, I'm still expecting at least one sharp, short term move down, at least below $340. Then, look out, because I'm thinking that over the next couple of years gold is going to perform very well as an investment.

[Fyscat]

270.00 Gold?

Click the link

http://biz.yahoo.com/djus/030114/2119000864_1.html

[meyer]

not to mention the current alignment of Saturn and Jupiter which goldbugs will always tell you is very positive for its price momentum.

While I don't describe myself as a "gold bug", I recognize its value as a hedge against devaluating currency. It is a portable currency, recognized around the world.

Its also a way to play the market without .gov getting its greedy hands on your earnings (provided there are earnings).

That said, I've seen plenty of writings on gold that range from the truly logical to something close to what you are implying. As with any advice, one should weigh it against common sense.

[Cicero]

Humm. Gold was bullish in 2002, certainly. It has been mildly correcting for the past three days, making the gold bugs very nervous and taking the edge off the high-flying stocks, but it looks as if it may have decided not to do a real correction after all.

The new resistance level was said to be $357, and now all of a sudden it shoots up and closes at $357.80. Silver is also up nicely, although it's still lagging gold.

The gold chart needs to confirm this breakthrough over the next couple of days or weeks before we know it's for real, but this may be another positive sign.

As Thom Calandra points out today at CBS Marketwatch, the Wall Street pros are finally starting to admit that there may have been a bull market in gold, but they are "Late to the Gold Rush." They are only now admitting that--surprise--gold may get up to 350 this year!

[Semaphore Heathcliffe]

I'm still expecting at least one sharp, short term move down, at least below $340. Then, look out...

Definitely a good idea to keep some dry powder on hand for what might be a last great buying opportunity for some time.

[Semaphore Heathcliffe]

They are only now admitting that--surprise--gold may get up to 350 this year!

Gotta hand it to those Wall Street pros...they're all about going out on a limb.

[Semaphore Heathcliffe]

le ping

[richardtavor]

Inspectors found chemical missles and said it was a "breach"

[Nick Danger]

They are only now admitting that--surprise--gold may get up to 350 this year!

It will either do it in the next month or two, or probably not at all. These are "world uncertainty" buys. There was a $7 rise today when the inspectors found the empty chemical weapon shells... that's people reacting to imminent war.

Nobody seems to think that the war is going to last very long once it starts, so the time to get out of gold is when you see those night-vision-green screens on CNN. Once the uncertainty is resolved, gold could easily return to pre-excitement levels.