cgnao

They don't need to pour any more. The money is already out there. Unless interest rates climb well above the M4 money supply growth rate, there is no way to stop prices.

This ain't no game.

They are having a go now.

Don't worry they'll try again. Usually next try is after the London PM fix.

Usual attempt to smash it down. If so Heaven sent opportunity for the laggards who now want in.

Technical analysis in gold is the best way to the poorhouse.

http://www.youtube.com/watch?v=GqH21LEmfbQ

You can be sure the kitchen sink will be thrown at it this afternoon on the COMEX.

London Gold Fix in EUR AM PM 27-Jun-08 585.660 584.069 30-Jun-08 589.639 589.213 01-Jul-08 589.373 595.578 02-Jul-08 592.518 589.989 03-Jul-08 591.782 592.790 04-Jul-08 593.439 593.644 07-Jul-08 588.574 586.270 08-Jul-08 590.863 587.710 09-Jul-08 588.545 589.366 10-Jul-08 592.910 597.304 11-Jul-08 600.709 http://www.youtube.com/watch?v=yXL9AkXzlt8

This is it. http://english.vietnamnet.vn/biz/2008/07/792484/ Selling land for gold, not VND 07:34' 08/07/2008 (GMT+7) VietNamNet Bridge – After a long period of quoting land prices in VND, landlords are now setting prices in gold instead of VND in order to avoid risks from the VND’s devaluation.

That refers to USD trades, because I expect volatility and whipsaws which will wipe most out.

No. This is the dreaded crack-up boom described by Ludwig von Mises, who wrote "If the credit expansion is not stopped in time, the boom turns into the crack-up boom; the flight into real values begins, and the whole monetary system founders. Continuous inflation (credit expansion) must finally end in the crack-up boom and the complete breakdown of the currency system."

Northern Rock too.

In the UK that is only possible with unallocated silver. Owning unallocated silver is an oxymoron. All you own is a piece of paper stating that the dealer owes you silver.

They don't need to.

http://en.wikipedia.org/wiki/Bucket_shop_%28stock_market%29 The highly leveraged use of margins theoretically gave the speculators equally large upside potential. However, if a bucket shop held a large position on a stock, it might sell the stock on the real stock exchange, causing the price on the ticker tape to momentarily move down enough to wipe out its clients margins, and the bucket shop could take 100% of their investments.

Let me clarify this once and for all. Spread betting outfits are just modern age bucket shops. There is no trade entered on any market anywhere when you place a bet with them. They are out there to rip you off. http://en.wikipedia.org/wiki/Bucket_shop_%28stock_market%29 ONLY SUCKERS SPREAD BET

Haven't you all figured it out yet? Only suckers spread bet.

Gold is staying overbought, characteristic of great bull markets. Those who want in are waiting for the correction that a seeming army of analysts are promising is "just around the corner." Meanwhile, the gold bull snorts, tosses his head -- and moves higher. The twin bull of silver does the same. -- Richard Russell, 2006

Just an update. 6.5 EUR today, +58.5% since June 12. PS. They are issued by UBS. This and other gold derivatives they issued over the past few years will crucify them.

It looks like it's ready to explode upwards

http://www.marketwatch.com/news/story/gold...0629E1A6F5D7%7D Gold revs its engine and squeals down the track Prices were stuck in a $50 trading range until the Fed sent the dollar reeling Last update: 7:30 a.m. EDT June 27, 2008 SAN FRANCISCO (MarketWatch) -- The U.S. Federal Reserve gave gold the fuel it needed to restart its engine and the precious metal has already driven through the trading range barrier it's been stuck in for the past month.

Not true