[Poohbah]

Better hurry! The word on the street is that the gold derivatives market blow up when gold gets to $348

The word on the street used to be that the gold derivatives market would blow up at $340. And before that, $330.

An ever-moving target...just the sort of thing to get the clueless to buy lots and lots of gold.

[rohry]

"The word on the street used to be that the gold derivatives market would blow up at $340. And before that, $330."

I guess that you are not paying attention. The fire is already raging in the plane and is working its way to the fuel tanks:

Your analysis is welcome...

By the way the chart is not up to date. The price of gold is currently $345. What is your dog in this fight?

[arete]

The word on the street used to be that the gold derivatives market would blow up at $340

How do you know that it isn't? If the POG stays at these levels for a couple of weeks, you are going to see a bunch of other financial problem coming to the surface. Just be happy that we are finally being set free and that the fiat dollar is going into the toilet where it belongs.

Richard W.

[Woodman]

Don't forget the $320, $315, $310 & $300 levels where JPM Chase was going under by trillions of dollars. They gold bugs will never learn. My own gut tells me I am better off investing greenbacks in Food and Bullets no matter how worthless they are because I will have move of a need for those items whengold become the main means of exchange again.