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£759.60 as I write this, which is a new all time high in GBP.

 

Gold has just broken through £755 - great news indeed.

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£759.60 as I write this, which is a new all time high in GBP.

 

Yep - I just bought another load!!! Probably buying at the top again. :lol:

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Gold in sterling hits record after S&P downgrades

 

27 Apr 2010 - 17:22

 

NEW YORK, April 27 (Reuters) - Gold priced in sterling rose to a record 761.22 pounds per ounce on Tuesday, as the metal appreciated against paper currencies in a flight to safety after Standard & Poor's downgraded Portugal and cut Greek ratings into junk territory.

 

Earlier in the session, gold also hit record peaks in euros and Swiss francs .

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Must..............resist.................the.....................temptation.....

..............to.............post.................pictures.............of........

......rockets...... ;)

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:lol: Wow.

 

Just could not resist this... sorry.

.........

 

:rolleyes:

Your punishment is to 1) sign in to HPC 2) find a RealistBear thread 3) say something complimentary about his economic forcasting :)

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According to our old friend Bob Hoye:

 

a close in gold above $1161 should trigger a move to all-time highs

 

http://www.321gold.com/editorials/hoye/hoye042310.html

 

Gold closed at 1167 so it looks like it could be party time for gold here. With USD going up along with gold the GBP price could get interesting. Looks like cgnao's target of 900GBP will be here soon enough.

 

Gold up, USD up, other metals down in USD terms, stock indices down.... interesting change in the "normal" run of events.

 

Gold decoupling from the stock markets at last? Gold and USD seen as safe haven?

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The naysayers and pennies-in-front-of-steamroller-pickers are getting whacked right now. No surprise, and they will get many more whackings. :lol:

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Does anyone know how to work out the options expiry date for december? Other months are OK, by the rule below, but there seems to be uncertainty over whats a holiday or not at the festive time. Help appreciated

 

A gold futures option shall expire at the close of trading four business days prior to the end of

the month preceding the option contract month; provided, however, that (1) if such day is a Friday,

the expiration date shall be the preceding business day or (2) if such day is the day immediately

prior to an Exchange holiday, the expiration date shall be the preceding business day. In the event

that the official Exchange holiday schedule changes subsequent to the listing of a Gold futures

option, the originally listed expiration date shall remain in effect. In the event that the originally

listed expiration day is declared a holiday, expiration will move to the business day immediately

prior.

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