creditcrunch Posted July 28, 2009 Report Share Posted July 28, 2009 Nothing to worry about - it's that well documented twilight zone. Regular clockwork drop as soon as newyork opens. There were some nice charts and overlays on this a while back, where are they? Link to comment Share on other sites More sharing options...
alexreeve Posted July 28, 2009 Report Share Posted July 28, 2009 Is Rich Dad Right About $15,000 Gold? Mania, here we come! Link to comment Share on other sites More sharing options...
DoctorSolar Posted July 28, 2009 Report Share Posted July 28, 2009 Is Rich Dad Right About $15,000 Gold? Mania, here we come! Robert Kiyosaki may well be right in the long term but there is something about the guy that rubs me the wrong way. John T. Reed's analysis of Robert T. Kiyosaki's book Not in anyway chastising you for posting the link igglepiggle I find this development interesting and glad you posted it. Just wanted to let others see an alternative analysis of the "guru" which I think bears listening to. Link to comment Share on other sites More sharing options...
romans holiday Posted July 28, 2009 Report Share Posted July 28, 2009 Robert Kiyosaki may well be right in the long term but there is something about the guy that rubs me the wrong way. John T. Reed's analysis of Robert T. Kiyosaki's book Not in anyway chastising you for posting the link igglepiggle I find this development interesting and glad you posted it. Just wanted to let others see an alternative analysis of the "guru" which I think bears listening to. +1. He is a charlatan.... the primary product he sells is himself. I hope he doesn't create too much bad publicity if gold does not rocket to 15,000 this year. Link to comment Share on other sites More sharing options...
wren Posted July 28, 2009 Report Share Posted July 28, 2009 Is Rich Dad Right About $15,000 Gold? Mania, here we come! I think we've been in the Awareness stage for at least 18 months. Maybe the next stage (mania?) is not as far off as I thought. I assume this "Rich Dad" guy is pretty well known among the investing public? Link to comment Share on other sites More sharing options...
warpig Posted July 28, 2009 Report Share Posted July 28, 2009 Oddly gold isn't affected by inflation.... Who knows, but if the plates stop spinning then the sky's the limit IMO. Is Rich Dad Right About $15,000 Gold? Mania, here we come! Link to comment Share on other sites More sharing options...
DoctorSolar Posted July 28, 2009 Report Share Posted July 28, 2009 +1. He is a charlatan.... the primary product he sells is himself. I hope he doesn't create too much bad publicity if gold does not rocket to 15,000 this year. Dear god! he is associated with that buffoon Trump! It's even worse than I thought. The tone, manner, attitude and shear blatant arrogance of the man beggars belief. Sorry off topic I know but the way that man has conducted himself over his planned golf course here in Scotland makes my blood boil! Link to comment Share on other sites More sharing options...
alexreeve Posted July 28, 2009 Report Share Posted July 28, 2009 Robert Kiyosaki may well be right in the long term but there is something about the guy that rubs me the wrong way. John T. Reed's analysis of Robert T. Kiyosaki's book Not in anyway chastising you for posting the link igglepiggle I find this development interesting and glad you posted it. Just wanted to let others see an alternative analysis of the "guru" which I think bears listening to. I agree with you. But that wasn't the point (as you're clearly aware). The significance isn't his opinion, simply his mainstream impact. Link to comment Share on other sites More sharing options...
HPCsoYESTERDAY Posted July 28, 2009 Report Share Posted July 28, 2009 Dear god! he is associated with that buffoon Trump! It's even worse than I thought. The tone, manner, attitude and shear blatant arrogance of the man beggars belief. Sorry off topic I know but the way that man has conducted himself over his planned golf course here in Scotland makes my blood boil! i read his book - rich dad, poor dad - and it was dreadful, you could have condensed the contents of the book on the back of a fag packet Link to comment Share on other sites More sharing options...
nicejim Posted July 28, 2009 Report Share Posted July 28, 2009 i read his book - rich dad, poor dad - and it was dreadful, you could have condensed the contents of the book on the back of a fag packet I read a few chapters from one book in the series. There was so much repetition of a few basic themes it felt like reading an old testament story. A few bullet points and one or two footnotes could get the ideas across far better. Anyway, here's a pic to celebrate the PM sales... Link to comment Share on other sites More sharing options...
Steve Netwriter Posted July 28, 2009 Report Share Posted July 28, 2009 Jesus, Gold just dropped $10 in as many seconds.. it literally gapped down. Will post a pic in a mo.. EDIT: I think we just saw "the team" back in action. The US$ went too low Link to comment Share on other sites More sharing options...
Steve Netwriter Posted July 28, 2009 Report Share Posted July 28, 2009 Oddly gold isn't affected by inflation.... Who knows, but if the plates stop spinning then the sky's the limit IMO. Very nice Thanks. Compare with my real CPI adjusted chart: Gold certainly has a lot of "accounting" to do, which is why I think talk of anywhere near $1250 being a top are so misguided. Link to comment Share on other sites More sharing options...
DoctorSolar Posted July 28, 2009 Report Share Posted July 28, 2009 Gold certainly has a lot of "accounting" to do, which is why I think talk of anywhere near $1250 being a top are so misguided. I agree with you and yet we are now seeing a steady stream of former gold bulls (Bill Bonner, Hugh Hendry, Rick Rule) turning decidedly bearish or at best neutral. Taking the view that gold is solely an insurance policy against catastrophe IF things get bad. Maybe this type of change in thinking and a clear out of bullish sentiment and weak hands is what we need to go through before the next leg up? Link to comment Share on other sites More sharing options...
Steve Netwriter Posted July 29, 2009 Report Share Posted July 29, 2009 I agree with you and yet we are now seeing a steady stream of former gold bulls (Bill Bonner, Hugh Hendry, Rick Rule) turning decidedly bearish or at best neutral. Taking the view that gold is solely an insurance policy against catastrophe IF things get bad. Maybe this type of change in thinking and a clear out of bullish sentiment and weak hands is what we need to go through before the next leg up? I agree about the weak hands, but I'm not so sure Bill Bonner would say "if". The last one I read he said "when" Try this From: "We are in the early stages of the depression" Link to comment Share on other sites More sharing options...
Member100 Posted July 29, 2009 Report Share Posted July 29, 2009 The tone, manner, attitude and shear blatant arrogance of the man beggars belief. Sorry off topic I know but the way that man has conducted himself over his planned golf course here in Scotland makes my blood boil! He's very popular in the US. Where he's a sort of charactature New Yawk-er. I dont like him either, but I think his run with the Apprentice was good entertainment. I can easily see him upsetting people in Scotland, and even in his own country. Link to comment Share on other sites More sharing options...
Steve Netwriter Posted July 29, 2009 Report Share Posted July 29, 2009 He's very popular in the US. Where he's a sort of charactature New Yawk-er. I dont like him either, but I think his run with the Apprentice was good entertainment. I can easily see him upsetting people in Scotland, and even in his own country. Having missed the source of this comment I thought you were talking about Ben Bernanke :lol: Link to comment Share on other sites More sharing options...
LauraB Posted July 29, 2009 Report Share Posted July 29, 2009 Thxs for the recent moral support guys. Much appreciated ................................................................................ With the soaring gold prices luring millions of small investors into the bullion market, a new illegal trade is also thriving in China. With more and more people, lured by the rising yellow metal prices, wishing to make a profit from the bullion market, black market has become rampant in China now. Hundreds of underground gold dealers are luring investors who are keen on punting in the yellow metal, but stumped by the high entry barriers set by the gold bourses. Not surprisingly, these black markets promise high returns and low costs to anyone willing to invest a sizeable amount for trading. What the punters really do not know is that they are actually parking their bets with illegal brokers who have no access to the gold exchange. The black market dealers are not brokers, rather they are more like the bankers in a casino with little capital or reserves, other than the deposits they take from clients, to cover losses. (Well would you ever? Shocking) Many of these illegal institutions claim they can trade gold in London or Hong Kong, but they have no ties with the London Metal Exchange (LME) or Hong Kong market. Instead, they open an account with their clients’ money and do high-leverage betting on their own. Currently, only Shanghai Gold Exchange members and futures companies under the aegis of China Securities Regulatory Commission (CSRC) are permitted to do gold-related investments, said analysts. Parking the money with the black market traders can be proved dangerous as all they show is a phony trading record and vanish when you ask for money. These illegal gold brokers have disrupted the gold market and lured business away from certified gold trading institutions. http://www.commodityonline.com/news/Gold-b...-19990-3-1.html Link to comment Share on other sites More sharing options...
Steve Netwriter Posted July 29, 2009 Report Share Posted July 29, 2009 With the soaring gold prices luring millions of small investors into the bullion market, a new illegal trade is also thriving in China. Hey, you missed the best bit Gold prices closed at $955 per ounce on Monday in London. By the end of June, more than 600,000 gold investment accounts were opened in China. Gold serves as a stable investment tool to retain value during the global financial crisis. Link to comment Share on other sites More sharing options...
LauraB Posted July 29, 2009 Report Share Posted July 29, 2009 Hey, you missed the best bit Gold serves as a stable investment tool to retain value during the global financial crisis. I edited that out! - I was just too embarrassed to post it on this hallowed forum Besides, it might not be true Link to comment Share on other sites More sharing options...
sash777 Posted July 29, 2009 Report Share Posted July 29, 2009 Another massive drop this afternoon. Never cease to be amazed by the volatility. Link to comment Share on other sites More sharing options...
wren Posted July 29, 2009 Report Share Posted July 29, 2009 Another massive drop this afternoon. Never cease to be amazed by the volatility. Not so much in euros though as the dollar is up at 1.4021 to the euro. Silver is well down today at EUR 9.45, USD 13.25. I bought double my normal quota of silver today (as I did yesterday). I like silver well below EUR 10. At least until I've finished buying either in September or next month. Link to comment Share on other sites More sharing options...
cgnao Posted July 29, 2009 Report Share Posted July 29, 2009 Link to comment Share on other sites More sharing options...
headmelter Posted July 29, 2009 Report Share Posted July 29, 2009 Another massive drop this afternoon. Never cease to be amazed by the volatility. 1 Sov. Edward VII 7.32 Gramm £142.73 1 Sov. Elisabeth 7.32 Gramm £140.01 1 Sov. Georg V 7.32 Gramm £142.73 Sales back on then. Link to comment Share on other sites More sharing options...
Errol Posted July 29, 2009 Report Share Posted July 29, 2009 Another massive drop this afternoon. Never cease to be amazed by the volatility. In what? I would hardly call the drop today massive! Wait a few years and you'll be seeing daily moves of $50-100 or more. Link to comment Share on other sites More sharing options...
azazel Posted July 29, 2009 Report Share Posted July 29, 2009 Im ready! Fully stocked in gold and silver. Nice to see you again dude. Link to comment Share on other sites More sharing options...
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