bakachu Posted February 20, 2009 Report Share Posted February 20, 2009 Geeky LOTR reference You shall not pass! Link to comment Share on other sites More sharing options...
HPCsoYESTERDAY Posted February 20, 2009 Report Share Posted February 20, 2009 $990.10$ hey, no rocket pics! well ok.......... Link to comment Share on other sites More sharing options...
Rosco Posted February 20, 2009 Report Share Posted February 20, 2009 Friend of mine runs PM option trading for one of the bigger bullion banks in the city. I asked him his opinion on gold.. "as for gold...it's had a good run up for sure, longs got excited and addded to positions thru 931 and 950, so there is where the puke will happen. personally i gonna get myself lined up with some gamma puts with 4-6wks maturity...that where the risk lies at the moment..too many retail people gettign excited and buying it now at 975-980....all traders i know are saying that we need to consolidate so very hard to see it rage too much higher too soon, but i not gonna go short as there is just fresh air between here and the mar08 high at 1032!!!!" Only thing I'm sure about is that whichever way it goes, its gonna be volatile...... Link to comment Share on other sites More sharing options...
wren Posted February 20, 2009 Report Share Posted February 20, 2009 What just happened to the dollar? Any big news? Link to comment Share on other sites More sharing options...
azazel Posted February 20, 2009 Report Share Posted February 20, 2009 1000!! Oh yeah!! Link to comment Share on other sites More sharing options...
HPCsoYESTERDAY Posted February 20, 2009 Report Share Posted February 20, 2009 bingo Link to comment Share on other sites More sharing options...
CharlieSays Posted February 20, 2009 Report Share Posted February 20, 2009 Hold on everyone Women and Children first... Link to comment Share on other sites More sharing options...
Pluto Posted February 20, 2009 Report Share Posted February 20, 2009 Link to comment Share on other sites More sharing options...
bitbigt Posted February 20, 2009 Report Share Posted February 20, 2009 Nice way to end the week for holders of PM [...and commiserations to anyone that doesn't!] Link to comment Share on other sites More sharing options...
FWIW Posted February 20, 2009 Report Share Posted February 20, 2009 had a little slap just then.... come on me precious! Link to comment Share on other sites More sharing options...
goldenbee Posted February 20, 2009 Report Share Posted February 20, 2009 It was never in doubt now was it. It will be nice to see it close above $1000 and £700 for the weekend. Link to comment Share on other sites More sharing options...
dopamine Posted February 20, 2009 Report Share Posted February 20, 2009 Wish I'd put the mega trade I planned at $915/oz. Dithered for a day then it ran away from me. Would've had an extra £10K for my GM account today. My cojones are too small, but I'm being a bit glass half empty as my core positions are well up. Link to comment Share on other sites More sharing options...
marceau Posted February 20, 2009 Report Share Posted February 20, 2009 You'd better send a commiseration bottle over to HPC as well. Link to comment Share on other sites More sharing options...
Pluto Posted February 20, 2009 Report Share Posted February 20, 2009 You'd better send a commiseration bottle over to HPC as well. I am banned from posting there. Link to comment Share on other sites More sharing options...
moroboshi Posted February 20, 2009 Report Share Posted February 20, 2009 I am banned from posting there. In the case of HPC, being banned is really a badge of honour Link to comment Share on other sites More sharing options...
marceau Posted February 20, 2009 Report Share Posted February 20, 2009 I am banned from posting there. Judging by the recent amount of gold thread suppression on HPC, they'll have banned half their users by the end of this month. I thought the site was meant to help and educate people. Apparently that only counts if you want to be 'helped' and 'educated' into holding fiat. Link to comment Share on other sites More sharing options...
nicejim Posted February 20, 2009 Report Share Posted February 20, 2009 Great thread today guys! I was watching on kitco from work but The Moment happened on my way home. I thought it would be a case of "maybe tomorrow" From: The WCW kruger price is from when they last had any in stock! Link to comment Share on other sites More sharing options...
moroboshi Posted February 20, 2009 Report Share Posted February 20, 2009 Back below $1000 (just) for now, so where next? It would seem guaranteed that the march 2008 high will be retested, but after that? Judging by Trader Dan's latest post and chart on jsmineset, the weekly move up is one of the, if not the, biggest since 2006, so I'd naively expect a bit of a pullback or some sideways movement before any move higher - but feel free to shoot that guess down Link to comment Share on other sites More sharing options...
bitbigt Posted February 20, 2009 Report Share Posted February 20, 2009 Preparing for a second probing.... [oohheeer Misses!] Link to comment Share on other sites More sharing options...
warpig Posted February 20, 2009 Report Share Posted February 20, 2009 All I meant was, these are far from normal times and it's not going to take a particularly heavy straw to break the camel's back. The IMF is nearly out of money, albeit Germany has said it will financially assist the IMF, how long can this go on for given the compound nature of the problem. Personally I think it's time to place your bet. Pressure? Up or down? Link to comment Share on other sites More sharing options...
G0ldfinger Posted February 20, 2009 Author Report Share Posted February 20, 2009 Congratulations! Me too! LMAO! Me too. EDIT: HPC = bl00dy morons who herd the sheeple into the slaughterhouse. Link to comment Share on other sites More sharing options...
G0ldfinger Posted February 20, 2009 Author Report Share Posted February 20, 2009 I think it's very good what gold did today. It didn't go to $1,100 in a blow. It said 'hello' at the $1,000 level, and showed its tongue to all the idiots who sold it down to $681.65 after having reached $1,032.20 before. Gold is back, and if the idiots sell it again down to $600, it will be back again, and again, and again, because there is not much gold in the idiots' hand anymore anyway. Link to comment Share on other sites More sharing options...
lowrentyieldmakessense(honest!) Posted February 20, 2009 Report Share Posted February 20, 2009 I think it's very good what gold did today. It didn't go to $1,100 in a blow. It said 'hello' at the $1,000 level, and showed its tongue to all the idiots who sold it down to $681.65 after having reached $1,032.20 before. Gold is back, and if the idiots sell it again down to $600, it will be back again, and again, and again, because there is not much gold in the idiots' hand anymore anyway. true but quite a few idiots own etf's - that problem needs to be solved also Link to comment Share on other sites More sharing options...
G0ldfinger Posted February 20, 2009 Author Report Share Posted February 20, 2009 true but quite a few idiots own etf's - that problem needs to be solved also No problem. They will blow up. Link to comment Share on other sites More sharing options...
nicejim Posted February 20, 2009 Report Share Posted February 20, 2009 No problem. They will blow up. I take it this is in relation to GLD buying more gold in January than was mined. Why is there an assumption that they didn't get it from some other source? Have they announced that it was all newly mined stock? Link to comment Share on other sites More sharing options...
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