Justin Thyme Posted November 21, 2008 Report Share Posted November 21, 2008 Nice moves but if Citigroup fails or merges over the weekend, the CDS "market" will deem it a credit event. Lots of contracts to settle, hence a lot more forced-selling. Sadly, the US dollar party ain't over just yet . . . Having said that, money's coming out of treasuries today . . . Link to comment Share on other sites More sharing options...
Pluto Posted November 21, 2008 Report Share Posted November 21, 2008 Stocks now rising a bit as well. My juniors still suck the big one though. Juniors need credit - no credit available. Their only hope is a buyout. Tread carefully miners are just like any other company - they all have the same problems. Link to comment Share on other sites More sharing options...
dietcolaaddict Posted November 21, 2008 Report Share Posted November 21, 2008 Thats us back through $800. Lets see if it holds! Link to comment Share on other sites More sharing options...
narco Posted November 21, 2008 Report Share Posted November 21, 2008 Hugh Hendry will be buying a safe and packing it with gold bars in 18 months time. Right now though he likes 4.5% on German Bond yields. http://www.cnbc.com/id/27835645 Link to comment Share on other sites More sharing options...
wren Posted November 21, 2008 Report Share Posted November 21, 2008 Gold USD 801.30 Platinum 814.00 That's only 12.70 difference. Gold is holding well over €600 at €639.13. Link to comment Share on other sites More sharing options...
narco Posted November 21, 2008 Report Share Posted November 21, 2008 Gold Surges Amid Deflation Concern; Silver, Platinum Rebound http://www.bloomberg.com/apps/news?pid=206...fer=commodities Nov. 21 (Bloomberg) -- Gold rose, heading for the biggest weekly gain since September, as the global economic slump dragged down asset prices and boosted the appeal of the precious metal as a store of value. Silver and platinum also gained. Link to comment Share on other sites More sharing options...
Compounded Posted November 21, 2008 Report Share Posted November 21, 2008 The degree of leverage in the system has ever increased since 1913. That's the fundamentals behind it. , This is brilliant, it conveys a message that is so difficult to explain in words in a simple easy to see way. The big question is will the current crash be so big it breaks the international monetary system altogether, cg thinks so and so do I. Link to comment Share on other sites More sharing options...
wren Posted November 21, 2008 Report Share Posted November 21, 2008 A new GBP all-time high: 541.70 Livre £ Yesterday 30 days Jan 1st 52 wk Yr high Yr low 1 oz 505,53 473,36 417,63 386,39 538,68 418,26 1 kg 16253,05 15219,01 13426,97 12422,78 17319,04 13447,51 1 gr 16,25 15,22 13,43 12,42 17,32 13,45 http://www.24hgold.com/english/gold_silver...x?money=GBPound Link to comment Share on other sites More sharing options...
G0ldfinger Posted November 21, 2008 Author Report Share Posted November 21, 2008 The whole market is imploding. Commercial real estate is going to implode next then US treasuries - which are returning almost ZERO. According to Bernanke's testimony gold is only discussed in their meetings when central bankers talk about selling. I think Bernanke is lying, and right now they are throwing everything and the kitchen sink at Gold to keep it down in the rigged paper markets. Paper markets will implode god willing and bullion will shoot to 2,000 USD or Sterling (you pick your poison) lickety split. Hold long and strong. Do you have a link for this, Pluto? Link to comment Share on other sites More sharing options...
cgnao Posted November 21, 2008 Report Share Posted November 21, 2008 Ladies and Gentlemen, THIS IS IT Link to comment Share on other sites More sharing options...
Pluto Posted November 21, 2008 Report Share Posted November 21, 2008 Do you have a link for this, Pluto? Please play the whole clip. Bernanke specifically states they only ever discuss gold when central banks want to sell at 5:03. If you believe him I have an Island off the northern coast of France called UK I can sell you. Enjoy! http://uk.youtube.com/watch?v=NyAm4nzRoMU Link to comment Share on other sites More sharing options...
G0ldfinger Posted November 21, 2008 Author Report Share Posted November 21, 2008 Hugh Hendry will be buying a safe and packing it with gold bars in 18 months time. Right now though he likes 4.5% on German Bond yields. ... Who knows, he might not have enough paper money to do so by then. Link to comment Share on other sites More sharing options...
lowrentyieldmakessense(honest!) Posted November 21, 2008 Report Share Posted November 21, 2008 Please play the whole clip. Bernanke specifically states they only ever discuss gold when central banks want to sell at 5:03. If you believe him I have an Island off the northern coast of France called UK I can sell you. Enjoy! http://uk.youtube.com/watch?v=NyAm4nzRoMU yep like i said before you dont have to be a body language expert to know the liar at the end Link to comment Share on other sites More sharing options...
Steve Netwriter Posted November 21, 2008 Report Share Posted November 21, 2008 Morning all :D Was just £541.90/oz, now £537.20/oz. Now that is nice to wake up to Link to comment Share on other sites More sharing options...
plan9 Posted November 21, 2008 Report Share Posted November 21, 2008 Come on gold close over 800! (While you're waiting enjoy! ) Edit: you're (it's the cider...) Link to comment Share on other sites More sharing options...
Rikk03 Posted November 21, 2008 Report Share Posted November 21, 2008 A year ago I promised myself that I would sell at £550 oz ....... anyone want to buy? I never specified how much I would sell tho. 6 Krugers and say 10 sovereigns? Anyone offer me £5k? Link to comment Share on other sites More sharing options...
azazel Posted November 21, 2008 Report Share Posted November 21, 2008 A year ago I promised myself that I would sell at £550 oz ....... anyone want to buy? I never specified how much I would sell tho. 6 Krugers and say 10 sovereigns? Anyone offer me £5k? what sovs are they? Link to comment Share on other sites More sharing options...
Steve Netwriter Posted November 21, 2008 Report Share Posted November 21, 2008 If you live in the UK and think in GBP: If you live in NZ and think in NZ$: Link to comment Share on other sites More sharing options...
azazel Posted November 21, 2008 Report Share Posted November 21, 2008 Morning all :D Was just £541.90/oz, now £537.20/oz. Now that is nice to wake up to Good morning to you Steve. Its sure is good to come home from work and see gold doing better. Hopefully it will close above $800 for the weekend. Ker, what do the charts make of todays action and have you been wrong about the fall in gold price or do you still think its to come? Link to comment Share on other sites More sharing options...
warpig Posted November 21, 2008 Report Share Posted November 21, 2008 Nice to see the Schiffmeister getting more airtime. http://www.cnbc.com/id/15840232?video=935047784&play=1 Link to comment Share on other sites More sharing options...
Steve Netwriter Posted November 21, 2008 Report Share Posted November 21, 2008 Good morning to you Steve. Its sure is good to come home from work and see gold doing better. Hopefully it will close above $800 for the weekend. It's holding up well I wonder how the news will cover that on Monday. They seem to mention the drops more than the rises. Anyway, why do they cover Oil & gold on the business news (in NZ obviously). Isn't gold some old relic :D Just so many inconsistencies in the fiat money story Edited to add: Where are our resident gold skeptics today ? You gotta pull their legs on a day like this. Link to comment Share on other sites More sharing options...
Rikk03 Posted November 21, 2008 Report Share Posted November 21, 2008 what sovs are they? Mint condition Edward 7th - all 10 varying dates still in case - as new - probably been sitting in a vault for 50 years. Link to comment Share on other sites More sharing options...
FWIW Posted November 21, 2008 Report Share Posted November 21, 2008 Just found this: http://cityofgold.com/ Link to comment Share on other sites More sharing options...
Steve Netwriter Posted November 21, 2008 Report Share Posted November 21, 2008 Nice to see the Schiffmeister getting more airtime. http://www.cnbc.com/id/15840232?video=935047784&play=1 He is even on Bernard's site: Video: How ‘Dr Doom’ Peter Schiff was right in 2006 and 2007 November 20th, 2008 http://www.interest.co.nz/ratesblog/index....-2006-and-2007/ What is funny is that most of the people who comment on his site already know all the sensible people like Peter Link to comment Share on other sites More sharing options...
nicejim Posted November 21, 2008 Report Share Posted November 21, 2008 Just found this: http://cityofgold.com/ According to their Metals Monitor, platinum is at zero. Get in quick before G0ldfinger buys everything! Link to comment Share on other sites More sharing options...
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