kernull Posted October 6, 2009 Report Share Posted October 6, 2009 NEW ALL TIME HIGH 1035!!!!! drunk chinese hit the wrong button when partying, all time high would be above 1055-1065 Link to comment Share on other sites More sharing options...
G0ldfinger Posted October 6, 2009 Author Report Share Posted October 6, 2009 ... NEW ALL TIME HIGH 1035!!!!! Let's hope that all these American grannies who read this forum and who are waiting for your $900 price target and Bubbs general deflationary downturn have not TRADED in all their gold at $950.* * I hear some grannies sold at $700 and they are now waiting for $200/oz, because they read Prechter, Ker and RB. Link to comment Share on other sites More sharing options...
warpig Posted October 6, 2009 Report Share Posted October 6, 2009 It has been reported on the BBC already. Gold price rises to all-time high The price of gold has hit a new all-time high of $1,036.60 an ounce after a decline in the dollar boosted the attractiveness of metals to investors The last time the price of spot gold hit a new high was in March 2008, when it reached $1,032 an ounce. Gold has now risen in value for each of the past eight years. Link to comment Share on other sites More sharing options...
G0ldfinger Posted October 6, 2009 Author Report Share Posted October 6, 2009 ... all time high would be above 1055-1065 This is not correct. http://en.wikipedia.org/wiki/Gold_as_an_investment An intraday record price of USD$1033.90 was reached in March of 2008, numerically the highest to-date. Link to comment Share on other sites More sharing options...
romans holiday Posted October 6, 2009 Report Share Posted October 6, 2009 Let's hope that all these American grannies who read this forum and who are waiting for your $900 price target and Bubbs general deflationary downturn have not TRADED in all their gold at $950.* * I hear some grannies sold at $700 and they are now waiting for $200/oz, because they read Prechter, Ker and RB. To all the grannies out there. Once the gold/silver ratio hits 50, swap your silver to gold as this will protect you should the market crash. Once the market crashes load up again on silver with your cash reserves. PS. I have always stated that a core position in bullion is of primary importance. Link to comment Share on other sites More sharing options...
electroweak Posted October 6, 2009 Report Share Posted October 6, 2009 Will sure be interesting to see what the PM (UK afternoon) Gold fix is... Link to comment Share on other sites More sharing options...
romans holiday Posted October 6, 2009 Report Share Posted October 6, 2009 Let's hope that all these American grannies who read this forum and who are waiting for your $900 price target and Bubbs general deflationary downturn have not TRADED in all their gold at $950.* * I hear some grannies sold at $700 and they are now waiting for $200/oz, because they read Prechter, Ker and RB. http://www.greenenergyinvestors.com/index....st&p=130975 Maybe you missed this. I was hoping we might be able to get beyond the evil greedy "traders" thing this month. Link to comment Share on other sites More sharing options...
G0ldfinger Posted October 6, 2009 Author Report Share Posted October 6, 2009 ... PS. I have always stated that a core position in bullion is of primary importance. Fair enough. Link to comment Share on other sites More sharing options...
Pixel8r Posted October 6, 2009 Report Share Posted October 6, 2009 We should be seeing over a +$100 day soon, when the shorts are forced to cover. Link to comment Share on other sites More sharing options...
TrueNorth Posted October 6, 2009 Report Share Posted October 6, 2009 Jeepers, a wee trip to city centre and i miss all the excitement. I am gonna have to get a fancy phone. One that connect to the Intarweb. Link to comment Share on other sites More sharing options...
spooon Posted October 6, 2009 Report Share Posted October 6, 2009 Floodgates have not exactly opened here given how long it has taken. Link to comment Share on other sites More sharing options...
LauraB Posted October 6, 2009 Report Share Posted October 6, 2009 Why all the fuss guys? - We are still way off February's Euro high. But boy am I pleased I lost that 'hold some $$$$$$' habit a while back. It just didn't feel right. Streuth.. $1039 out of Zurich! Link to comment Share on other sites More sharing options...
TrueNorth Posted October 6, 2009 Report Share Posted October 6, 2009 What's interesting to me is, all the stock exchanges are up. Like, up 1 or 2 percent today so far. That surprises me. Link to comment Share on other sites More sharing options...
electroweak Posted October 6, 2009 Report Share Posted October 6, 2009 What is the price target some have been looking for to confirm $1,XXX as the new breakout price, was it $1045.30? From a while back...Jim's thoughts Jim Sinclair’s Commentary Giving you gold price objectives has not proved in the past to be in your best interest as we are read by both sides of the gold market spectrum. However, one time ONLY, here they are: - $1000. Three tries and success. This is the third try. - $1024 - $1089 - $1156 - $1225 - $1296 - $1369 - $1444 - $1521 - $1600 - $1681 ... then on to Alf's numbers Link to comment Share on other sites More sharing options...
sideshow Posted October 6, 2009 Report Share Posted October 6, 2009 But boy am I pleased I lost that 'hold some $$$$$$' habit a while back. It just didn't feel right. You mean as opposed to holding GBP? Link to comment Share on other sites More sharing options...
alexreeve Posted October 6, 2009 Report Share Posted October 6, 2009 What's interesting to me is, all the stock exchanges are up. Like, up 1 or 2 percent today so far. That surprises me. Why are you surprised? That's just the deflation that's so plain to see. Link to comment Share on other sites More sharing options...
drbubb Posted October 6, 2009 Report Share Posted October 6, 2009 a cgnao rocket would top things off nicely Link to comment Share on other sites More sharing options...
LauraB Posted October 6, 2009 Report Share Posted October 6, 2009 You mean as opposed to holding GBP? Tell that one to my OH, not me My sum total of GBP is just over £1000; & that will be spent by the end of this month Link to comment Share on other sites More sharing options...
drbubb Posted October 6, 2009 Report Share Posted October 6, 2009 What's interesting to me is, all the stock exchanges are up. Like, up 1 or 2 percent today so far. That surprises me. it is ALL about the weak dollar today. I think its a reaction to the "dump the dollar" story Link to comment Share on other sites More sharing options...
LauraB Posted October 6, 2009 Report Share Posted October 6, 2009 A cuddly rocket? Link to comment Share on other sites More sharing options...
drbubb Posted October 6, 2009 Report Share Posted October 6, 2009 Let's hope that all these American grannies who read this forum and who are waiting for your $900 price target and Bubbs general deflationary downturn have not TRADED in all their gold at $950.* * I hear some grannies sold at $700 and they are now waiting for $200/oz, because they read Prechter, Ker and RB. Haha. We need some Dollar strength to get that Deflationary turn confiirmed. (Did you see my Dollar alret from earlier today?) You are "full of it" BTW ! The Highs for Stocks, Oil, Copper, etc. remain in place. Only gold, which I identified as a likely outperfomer is making new highs Also, as I said earlier (see: "I HATE being misquoted" Post, and still do !) I am still net Long Gold. And today & tomorrow I identified as a possible Seasonal peaking zone Link to comment Share on other sites More sharing options...
alexreeve Posted October 6, 2009 Report Share Posted October 6, 2009 it is ALL about the weak dollar today. I think its a reaction to the "dump the dollar" story Big reaction to an unsupported story in a minor UK paper, don't you think? Link to comment Share on other sites More sharing options...
nicejim Posted October 6, 2009 Report Share Posted October 6, 2009 If we're allowing rockets, here's mine From: http://www.youtube.com/watch?v=VSqGtOj72Q4 Link to comment Share on other sites More sharing options...
drbubb Posted October 6, 2009 Report Share Posted October 6, 2009 Big reaction to an unsupported story in a minor UK paper, don't you think? when the sentiment set-up is right, the bulls run when they see a red flag. But for how long? I am not expecting a reversal today. because the volume is strong enough to last today ... or more Link to comment Share on other sites More sharing options...
TrueNorth Posted October 6, 2009 Report Share Posted October 6, 2009 Why are you surprised? That's just the deflation that's so plain to see. My impression is that a good day for gold is often a bad day for the markets. Link to comment Share on other sites More sharing options...
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