Potential pain for the goldbugs in 2007.
To: Proud_USA_Republican
To: Proud_USA_Republican
No way. Gold and Silver go a lot higher over the next 5 years. Mark this post and come find me in one of the Clinton Re-education camps.
3 posted on
10/29/2006 9:40:43 PM PST by
samadams2000
(Somebody important make....THE CALL!)
To: Proud_USA_Republican
buy dollar sell dollar buy oil sell oil buy oil
There is only one side of the market and it is not the bull side or the bear side, but the right side.
Jesse Livermore quote
4 posted on
10/29/2006 9:41:31 PM PST by
Flavius
(Qui desiderat pacem, praeparet bellum)
To: Proud_USA_Republican
Buying opportunity! Buy Gold! Buy Gold! Buy Gold! ;-)
5 posted on
10/29/2006 10:45:23 PM PST by
glorgau
To: Proud_USA_Republican
"A lot will depend on the dollar," he cautions, noting that a weaker greenback could bolster prices."
NS Sherlock.
6 posted on
10/29/2006 11:53:32 PM PST by
jwh_Denver
(Tagline in the oven, browning)
To: Proud_USA_Republican
You can sell gold if you want to, but with all the whack jobs in the world, I wouldn't do it.
Just for example, let's suppose the Iranians try to test a nuke and Israel nukes Iran's enrichment sites (you will have to use nukes to get them all, and in several locations). What do you think the price of gold will be then? Even $700/ounce will be in the far rear view mirror!
7 posted on
10/30/2006 2:10:22 AM PST by
Herakles
(Diversity is code word for anti-white racism)
To: Proud_USA_Republican
This can't be true. A guy on the radio keeps telling me that gold is going to $2K per ounce very soon. The only thing I don't understand is why is he so eager to sell me the gold he owns just before the price skyrockets?
9 posted on
10/30/2006 2:24:01 AM PST by
Fresh Wind
(Democrats are guilty of whatever they scream the loudest about.)
To: Proud_USA_Republican
I'm a firm believer that the only precious metal worth investing in is tin foil.
To: Proud_USA_Republican
Demand will decline faster than that, however, with a rise in jewelry fabrication (up 47 tons) and electronics manufacture (higher by 31 tons), being overwhelmed by weaker ETF off-take (down 108 tons), zero central bank purchases (a decline of 100 tons) and a fall in de-hedging of 186 tons. Other uses, such as for making coins, will be approximately 3 tons higher. ETF demand is the big unknown and will clearly swing the market as the speculators get in and out. But the net zero central bank purchases is laughable. The gold bears have been talking that up for years and it hasn't happened. Here's a sampling: http://www.mineweb.net/gold_silver/251943.htm
Gold sales by signatories of the Central Bank Gold Agreement (CBGA) fell short of the annual 500 tonne quota at 393 tonnes at the end of the second Agreement year on 26 September. Sales under the remainder of the Agreement, running until September 2009, are unlikely to reach the annual quota of 500 tonnes for the full five year Agreement period, GFMS, a leading source of information on precious metals said in a statement.
The next paragraph has the standard gold bear disclaimer: Barclays Capital, though, does not concur, suggesting that the full sales quota may have been realised, but the figures did not appear in the statistics as they were forward sales.
11 posted on
10/30/2006 2:39:34 AM PST by
palmer
(Money problems do not come from a lack of money, but from living an excessive, unrealistic lifestyle)
To: Proud_USA_Republican
The gold people sometimes seem to miss that, like oil, when the price goes up, the profit from exploration and extraction increases, which increases the supply of gold. But unlike oil, the uses of gold aren't increasing exponentially, since a lot of it just sits around being used as a substitute currency, meaning if people think they are about to lose their shirts, they'll all start selling their gold into a market with increase supply and dropping demand.
To: Proud_USA_Republican
Although the supply of gold looks set to drop by 159 metric tons for 2007, demand will plummet even faster, lower by 313 tons when compared to revised estimates for the whole of 2006, according to a new study scheduled for publishing Monday morning by Fortis Bank. The report was authored by a team of analysts led by veteran gold market watcher Jessica Cross, CEO at Virtual Metals, a London-based specialty consulting firm.
Jessica, the economic right hand keeps saying that Asian countries are getting richer and the middle class in such countries is growing. Historically, such nations have valued gold highly as a store of value and these traditional habits are unlikely to change. So what makes you think that the demand for gold will drop?
13 posted on
10/30/2006 6:16:22 AM PST by
Old_Mil
(http://www.constitutionparty.com/)
To: Proud_USA_Republican
Up $10 today.
14 posted on
11/01/2006 9:23:46 AM PST by
AdamSelene235
(Truth has become so rare and precious she is always attended to by a bodyguard of lies.)
To: Proud_USA_Republican; Petronski
23 posted on
11/09/2006 10:27:51 AM PST by
AdamSelene235
(Truth has become so rare and precious she is always attended to by a bodyguard of lies.)
To: Proud_USA_Republican
Gold was over priced @ $375.00 per ounce.
I would not be surprised to see it drop back to those levels over the nex year or so.
24 posted on
11/09/2006 10:29:33 AM PST by
roaddog727
(BullS##t does not get bridges built)
To: Proud_USA_Republican
Commodities have reached their pullback lows. It's up for everything now and for a while. Too bad gold has next to zero actual value except for gilding domes or it would participate more fully in the upcoming and just started commodity price increases. 634 is over-enthusiastic and the result of the glum-bear on the Art Bell Show last night.
25 posted on
11/09/2006 10:35:52 AM PST by
RightWhale
(RTRA DLQS GSCW)
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