Schaublin Posted December 4, 2009 Report Share Posted December 4, 2009 I guess the job summit worked. Gold down 2%. Here comes the volatility - I would love a 10 percent drop! Link to comment Share on other sites More sharing options...
romans holiday Posted December 4, 2009 Report Share Posted December 4, 2009 Here comes the volatility - I would love a 10 percent drop! Yep, I am looking to buy a little silver... a 20% discount would be nice. Link to comment Share on other sites More sharing options...
Concrete Jungle Posted December 4, 2009 Report Share Posted December 4, 2009 Yep, I am looking to buy a little silver... a 20% discount would be nice. I am in the same boat, down to $18.60 at the moment. Link to comment Share on other sites More sharing options...
alexreeve Posted December 4, 2009 Report Share Posted December 4, 2009 Brilliant - these jokers will get me a great discount. Igglepiggle get ready my friend. I went short at Rick Ackerman's hidden pivot $1227, closed it out at $1205 this morning. Think I'll lay off it till after Christmas, though I've been making some decent money, the stress is consuming me. Link to comment Share on other sites More sharing options...
FWIW Posted December 4, 2009 Report Share Posted December 4, 2009 I went short at Rick Ackerman's hidden pivot $1227, closed it out at $1205 this morning. Think I'll lay off it till after Christmas, though I've been making some decent money, the stress is consuming me. Very nice work! Next time let me know when you go short. You or Rick have a real knack of getting the turning points right! I went long again with 3 lots at 1186ish - all stops moved to be in profits. Now let her run to wherever she takes me! Link to comment Share on other sites More sharing options...
Schaublin Posted December 4, 2009 Report Share Posted December 4, 2009 Ok, own up - who has broken ranks and is buying again? Link to comment Share on other sites More sharing options...
romans holiday Posted December 4, 2009 Report Share Posted December 4, 2009 I went short at Rick Ackerman's hidden pivot $1227, closed it out at $1205 this morning. Think I'll lay off it till after Christmas, though I've been making some decent money, the stress is consuming me. Interesting you mention the stress levels. You really are earning your money when you take that into account. Link to comment Share on other sites More sharing options...
romans holiday Posted December 4, 2009 Report Share Posted December 4, 2009 Gold down, treasury yields up. They both look to be well correlated as safe haven assets. But gold also part of the risk trade, so I doubt it would sell off much short of forced liquidation/ deleveraging. Link to comment Share on other sites More sharing options...
alexreeve Posted December 4, 2009 Report Share Posted December 4, 2009 Very nice work! Next time let me know when you go short. You or Rick have a real knack of getting the turning points right! I went long again with 3 lots at 1186ish - all stops moved to be in profits. Now let her run to wherever she takes me! Nice, I can't help feeling there'll be a juicier entry point. Rick A is hopeful of $1337 before Christmas so I'm probably wrong and you'll be minted. Link to comment Share on other sites More sharing options...
FWIW Posted December 4, 2009 Report Share Posted December 4, 2009 Nice, I can't help feeling there'll be a juicier entry point. Rick A is hopeful of $1337 before Christmas so I'm probably wrong and you'll be minted. 2 of my 3 stops just got hit - small profits. Gonna let my last one run, so hope you are right about $1337!! EDIT: last one just got hit at 1190 - not bad for an hours work with zero stress! Link to comment Share on other sites More sharing options...
creditcrunch Posted December 4, 2009 Report Share Posted December 4, 2009 Went to my usual bullion dealer. Wanted to get another coin today... SOLD OUT!!! unprecedented public demand, anyone and everyone is buying. Was told to try again next week or the week after. Link to comment Share on other sites More sharing options...
fitkid Posted December 4, 2009 Report Share Posted December 4, 2009 Here comes the volatility - I would love a 10 percent drop! Me to so i can EXoRCISE THAT DAMN FIAT. Do you reckon that's FATHER PERISHABULL Conducting the exorcism. From: Link to comment Share on other sites More sharing options...
routemaster Posted December 4, 2009 Report Share Posted December 4, 2009 Nice to see another Gold price drop getting repelled at the Chinese Wall. Link to comment Share on other sites More sharing options...
dietcolaaddict Posted December 4, 2009 Report Share Posted December 4, 2009 Nice to see another Gold price drop getting repelled at the Chinese Wall. Just bought some and going to average in more weekend/early next week. This is 'the dip' as far as I can tell, and I don't want to stay on the sidelines through Dec-Jan - a traditionally strong period. You bulls have been rather convincing of late Link to comment Share on other sites More sharing options...
wren Posted December 4, 2009 Report Share Posted December 4, 2009 Not relevant but genius... http://www.tackfilm.se/en/?id=1259841474368RA37&q=low It's now been closed to non-Swedes due to too much traffic. Link to comment Share on other sites More sharing options...
electroweak Posted December 4, 2009 Report Share Posted December 4, 2009 pulled the trigger on some Au and Ag. Probably a bit early as usual... Link to comment Share on other sites More sharing options...
markinspain Posted December 4, 2009 Report Share Posted December 4, 2009 Payroll numbers out. Down only 11,000! Where did they find these figures? Gold straight down below 1200 They got them from www.lyingbastardstats.com. IMO somebody wants 'in' big but not at a + $1200 price. Let's see where we are at 010110. Link to comment Share on other sites More sharing options...
mSparks Posted December 4, 2009 Report Share Posted December 4, 2009 Down and Down she goes Where she stops nobody knows. Link to comment Share on other sites More sharing options...
G0ldfinger Posted December 4, 2009 Author Report Share Posted December 4, 2009 Down and Down she goes Where she stops nobody knows. http://jsmineset.com/2009/12/04/the-tempor...akness-of-gold/ 9. Respectfully, this is gold so if you cannot stand the heat in the kitchen then you had better leave. Buying dollars here has no real fundamental basis other than a few days at best. Link to comment Share on other sites More sharing options...
fitkid Posted December 4, 2009 Report Share Posted December 4, 2009 Sell Sell Sell !!!! Its doomed i tell you doomed.GET oUT NoW BEFoRE ITS Too LATE. The JoBLESS RECoVERY IS NIGH!!!!!! http://news.bbc.co.uk/1/hi/business/8396542.stm Gold price slumps as dollar strengthens The gold price has slumped after surprisingly good US unemployment data sent the US dollar higher, making gold a less attractive investment. Gold fell more than $76, or 6%, to $1,150 an ounce, down from a record high of $1,226.56 in early trading. After figures showed the US jobless rate falling, the dollar gained 2% on the Japanese yen and 1.3% on the euro. Gold has hit a number of record highs in recent weeks as the dollar weakened due to low interest rates in the US. 'Teeth kicking' Both the dollar and gold are seen as safe investments, but investors have preferred gold in recent months due to the weak dollar. The US has said it will maintain low interest rates for some time, which makes the dollar less attractive. But the sudden strengthening of the dollar has now sent the gold price sharply lower. The dollar rose on the back of data which showed that the US unemployment rate fell in November to 10%, down from 10.2% in October. In all, 11,000 jobs went over the month - the smallest number since the recession began in December 2007. That was far fewer than the 130,000 expected by most analysts. The dollar rose against the euro, to $1.4889, and against the yen, to 90 yen. "So many people have piled into gold, so this pop in the dollar is freaking people out," said Matt Zeman at LaSalle Futures Group. "The dollar is rocking and gold is getting its teeth kicked in." Link to comment Share on other sites More sharing options...
InternationalRockSuperstar Posted December 4, 2009 Report Share Posted December 4, 2009 Payroll numbers out. Down only 11,000! Where did they find these figures? well, to be fair, even the Shadow Stats unemployment measure fell today... ...although it is at ~22% Link to comment Share on other sites More sharing options...
fitkid Posted December 4, 2009 Report Share Posted December 4, 2009 Do you reckon they should include Gold bullion in this warning. Sales tricks warning at Christmas Some bargains are to be had in shops ahead of Christmas The consumer minister has warned shoppers about misleading sales tactics in the run-up to the festive season. Kevin Brennan said there were cases of retailers selling products at a higher price for a short period of time before discounting them to the usual level. This process of "price ballooning" misled customers being attracted by half-price promotions or similar. Government guidance says the higher price should be charged for at least 28 days. However, the actual law remains relatively woolly, suggesting that any promotion should show a fair reflection of the price. "We know that this sort of thing happens a lot, so I want to warn consumers to be on their guard," said Mr Brennan. "If someone thinks that a price has been unfairly marked up, or a discount is not genuine, then they should report this to their local trading standards team who will be able to take action and stop this exploitation of consumers." Trading standards officers suggested the tactic was used in some supermarkets. New European regulations allow officers to tackle the issue, owing to the fact that for the first time in UK law there is a duty on all businesses not to trade unfairly. Stephen Robertson, British Retail Consortium director general, said: "The rules are clear and shops follow them. Responsible retailers do not use underhand practices. "They realise customers are not stupid and know when they are getting a good deal." Link to comment Share on other sites More sharing options...
aardvark Posted December 4, 2009 Report Share Posted December 4, 2009 http://jsmineset.com/2009/12/04/the-tempor...akness-of-gold/ jims right - we've had a few $50 drops over the years, its just noise. Link to comment Share on other sites More sharing options...
wren Posted December 4, 2009 Report Share Posted December 4, 2009 http://news.bbc.co.uk/1/hi/business/8396542.stm Interesting that Auntie Pravda never mentions the price of gold in GBP even though the BBC is nominally a British entity. Link to comment Share on other sites More sharing options...
GenghisKhan Posted December 4, 2009 Report Share Posted December 4, 2009 Long term view back to 1968 in real (after inflation) terms. This is the only way I look at all my assets. http://retirementinvestingtoday.blogspot.c...estment_04.html Second highest it's ever been in real terms but still a long way to go to $1,900 or so. Based on this I'm not buying or selling. Link to comment Share on other sites More sharing options...
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