Steve Netwriter Posted January 21, 2009 Report Share Posted January 21, 2009 Was that just the briefest of spikes?? It is back down to $1601 today... the 22nd of January. :blink: [just checked on the price at goldmoney which they keep up-dated well I believe] Also, I think the author of that article is confused about how many grams there are in an ounce. Hmm, odd, I didn't check the numbers. Was in a hurry. I've just found this NZ$ gold live chart: http://goldprice.org/NewCharts/gold/images/gold_1d_o_NZD.png http://www.goldprice.org/gold-price.html Link to comment Share on other sites More sharing options...
romans holiday Posted January 21, 2009 Report Share Posted January 21, 2009 Hmm, odd, I didn't check the numbers. Was in a hurry. I've just found this NZ$ gold live chart: http://goldprice.org/NewCharts/gold/images/gold_1d_o_NZD.png http://www.goldprice.org/gold-price.html Thanks for the link Steve. Link to comment Share on other sites More sharing options...
alexreeve Posted January 22, 2009 Report Share Posted January 22, 2009 Another day, another record £626/toz (according to the chart at bullion vault). Link to comment Share on other sites More sharing options...
Wanderer Posted January 22, 2009 Report Share Posted January 22, 2009 Hey all, This article http://www.commodityonline.com/news/China-...-14417-3-1.html made me trade back into gold a bit. Having been in Japan and seen what happens when consumers start looking to gold, one can only imagine the impact if the volume of Chinese consumers began to see gold as a store of value. Wanderer Link to comment Share on other sites More sharing options...
Wanderer Posted January 22, 2009 Report Share Posted January 22, 2009 Hey all, This article http://www.commodityonline.com/news/China-...-14417-3-1.html made me trade back into gold a bit. Having been in Japan and seen what happens when consumers start looking to gold, one can only imagine the impact if the volume of Chinese consumers began to see gold as a store of value. Wanderer Link to comment Share on other sites More sharing options...
tinecu Posted January 22, 2009 Report Share Posted January 22, 2009 Another day, another record £626/toz (according to the chart at bullion vault). Again over £20K/kg...simply awesome. Of course we are really just witnessing the fall of sterling. Link to comment Share on other sites More sharing options...
S60R Posted January 22, 2009 Report Share Posted January 22, 2009 DOUBLE POST: Frizzers on some interesting patterns in the price of gold (more evidence of manipulation?). Good stuff. Gold is shifting from West to East – along with the balance of power http://www.moneyweek.com/investments/preci...gged-14501.aspx This might be true only if one could sell and buy gold at spot prices without any imposed commisions. Is there a way to do this? Link to comment Share on other sites More sharing options...
grumpy-old-man Posted January 22, 2009 Report Share Posted January 22, 2009 This might be true only if one could sell and buy gold at spot prices without any imposed commisions. Is there a way to do this? yes, local jewellers. but you would need to know your coins I suppose (or trust them) & you will be limited to small buys I would imagine. One local jeweller near me had a lot of 1oz & half oz gold coins (1oz kruggs mainly), but he said he also had some small gold bars. He also had loads of silver. unfortunately I didn't find out until after I had bought my first coins. edited - this would only apply on the buying side I would imagine (obviously). Link to comment Share on other sites More sharing options...
sylvester Posted January 22, 2009 Report Share Posted January 22, 2009 http://www.mikeruppert.blogspot.com/ THE DRAMA HEIGHTENS, THE TENSIONS MOUNT by Michael C. Ruppert © Copyright 2009, Michael C. Ruppert. All Rights Reserved. JAN. 21, 2009 -- 9 PM PST -- What a day. OK, the good news: Obama is doing as much or more than I had hoped. By his repudiation of Bush-era FOIA policies today he made it a one-two after his inaugural (well-deserved) bitch slap of Bush over the Constitution. It looks like he has his priorities straight and is acting like a commander. (His salute is pretty good, but I've seen better.) But look, I'm as hardened a cynic as they come. In thirty-two years at this crap I have seen just about every kind of "let down" imagineable. The fact is that the force majeur of global economic collapse may make these efforts symbolic only; stillborn. But otherwise I could not be more encouraged over the last 36 hours. I know, that's a small sampling to judge an entire presidency. What will count most immediately -- and what will show us the Heart of Barack Obama -- will be what he does on the economy and he is going to have to make some very UGLY decisions within two weeks at most. I was reading a piece today by Captain Hook at Financial Sense. It said that gold was like a beach ball being held underwater. That's a perfect analogy. My only minor disagreement was with Dr. Hook's assumptions about a recovery. There isn't going to be any recovery.... Continues at link Link to comment Share on other sites More sharing options...
azazel Posted January 22, 2009 Report Share Posted January 22, 2009 Hey all, This article http://www.commodityonline.com/news/China-...-14417-3-1.html made me trade back into gold a bit. Having been in Japan and seen what happens when consumers start looking to gold, one can only imagine the impact if the volume of Chinese consumers began to see gold as a store of value. Wanderer Are you going back into the ETF or BV? Link to comment Share on other sites More sharing options...
enrieb Posted January 22, 2009 Report Share Posted January 22, 2009 Where to Invest in Times of Distress? "It is action well taken by the British government," Clive Hyman from Hyman Capital Services Limited said Monday. He sees "one or two US institutions to go to the wall this week." Puru Saxena from Puru Saxena Limited sees opportunity in copper, silver and platinum. http://www.cnbc.com/id/15840232/?video=1004555064&play=1 Link to comment Share on other sites More sharing options...
Mr Pipples Posted January 23, 2009 Report Share Posted January 23, 2009 Does Manipulation Render Technical Analysis Obsolete? by Peter Degraaf | January 22, 2009 - http://www.financialsense.com/fsu/editoria.../2009/0122.html In conclusion: Technical analysis works in markets where there is no manipulation. It also works most of the time, even in manipulated markets, in view of the fact that the manipulators also read the charts. Historically manipulations are doomed, as supply-demand factors rule in the end. The banks tried to hold the gold price at 35.00 in 1968, and during one day in April they sold 4,000 tonnes in a vain attempt to hold the line. They failed then, and they will fail in the future. Thus, in the words of Richard Russell: “He who buys the dips, and rides the waves will be successful.” Link to comment Share on other sites More sharing options...
allyjcambo Posted January 23, 2009 Report Share Posted January 23, 2009 Gold continuing to make all time highs in GBP. Link to comment Share on other sites More sharing options...
azazel Posted January 23, 2009 Report Share Posted January 23, 2009 £640 per ounce. Nice new record thanks mainly to the pound crashing. Link to comment Share on other sites More sharing options...
cgnao Posted January 23, 2009 Report Share Posted January 23, 2009 Beware the dirty tricks of the Gnomes of Zurich who are hell bent on trying to push the yellow metal back below 1,000 CHF. Link to comment Share on other sites More sharing options...
alexreeve Posted January 23, 2009 Report Share Posted January 23, 2009 Another day another sterling record £645/toz, so glad most of my savings are in Gold. Link to comment Share on other sites More sharing options...
FWIW Posted January 23, 2009 Report Share Posted January 23, 2009 Looking at my pnf charts, I am happy to say that we have broken through the 865 ceiling. We will probably consolidate around here for a while and then test 890. If we break through that, then the rocket pictures & champagne is coming out! http://stockcharts.com/def/servlet/SC.pnf?c=%24gold,P Link to comment Share on other sites More sharing options...
FWIW Posted January 23, 2009 Report Share Posted January 23, 2009 Another day another sterling record £645/toz, so glad most of my savings are in Gold. +1 Link to comment Share on other sites More sharing options...
Steve Netwriter Posted January 23, 2009 Report Share Posted January 23, 2009 Looks like a rocket in NZ$: Link to comment Share on other sites More sharing options...
LauraB Posted January 23, 2009 Report Share Posted January 23, 2009 Beware the dirty tricks of the Gnomes of Zurich who are hell bent on trying to push the yellow metal back below 1,000 CHF. Just my luck, I finally unlock my last significant bits of turdling & gold rockets. Thxs to you cgnao I'm 60% in gold & happily drinking Chivas rather than Grants, but would you hold off purchasing more right now & wait for a smackdown? -- With euros maybe, but with Sterling I scare easily. Without you guys I'd be another hapless victim; I may still be but at least the yellow metal makes me feel good Link to comment Share on other sites More sharing options...
liamsquire Posted January 23, 2009 Report Share Posted January 23, 2009 Thxs to you cgnao I'm 60% in gold & happily drinking Chivas rather than Grants, but would you hold off purchasing more right now & wait for a smackdown? I'd like people's opinions too. I've been wanting to buy more Gold but was hoping I could get it a little cheaper. Should I jump in now at a new GBP high or hold off for a bounce in GBP (if there is one) and a fall in the Gold price? Link to comment Share on other sites More sharing options...
Pixel8r Posted January 23, 2009 Report Share Posted January 23, 2009 I'd like people's opinions too. I've been wanting to buy more Gold but was hoping I could get it a little cheaper. Should I jump in now at a new GBP high or hold off for a bounce in GBP (if there is one) and a fall in the Gold price? The best tactic is to average in and hold. I have been buying in on dips, but it kind of depends if you have any holding already. If I didn't have any holding I would buy some now, then average in the rest. If you already have a holding, try to buy on dips rather than spikes. Link to comment Share on other sites More sharing options...
liamsquire Posted January 23, 2009 Report Share Posted January 23, 2009 The best tactic is to average in and hold. I have been buying in on dips, but it kind off depends if you have any holding already. If I didn't have any holding I would buy some now, then average in the rest. If you already have a holding, try to buy on dips rather than spikes. I only have a litte, so not sure. Might wait to see how it goes for a few days. Hoping the pound increases over the course of the day after a dip as it has been doing the past few days. Cheers for the help Pixel8r. Any other info/opinions are very welcome. Link to comment Share on other sites More sharing options...
Wanderer Posted January 23, 2009 Report Share Posted January 23, 2009 Are you going back into the ETF or BV? I went back in through proxy - Royal Gold (RGLD) shares. Glad I did given today's action. Just my luck having taken profits. But Mrs W is keen to buy a house soon (I know, I know....) and gets mad when I tell her how much money we've made when gold goes up only to admit a week later its gone back down again.... So I took some profits this time! Link to comment Share on other sites More sharing options...
G0ldfinger Posted January 23, 2009 Author Report Share Posted January 23, 2009 I went back in through proxy - Royal Gold (RGLD) shares. Glad I did given today's action. Just my luck having taken profits. But Mrs W is keen to buy a house soon (I know, I know....) and gets mad when I tell her how much money we've made when gold goes up only to admit a week later its gone back down again.... So I took some profits this time! Not sure what you mean. It's Sterling that plunges, gold is just doing fine. So, you exchanged something fine for something that is in a freefall and just paper anyway. I wouldn't call this "taking a profit." I would call this "making a financially disastrous decision." Oh,well. Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now