torino Posted July 30, 2008 Report Share Posted July 30, 2008 1. Watching gold prices, in your opinion, how low would have gold to go for gold buyers/holders to panick & start selling ? 870? 850? 820? 800? 790? 770? 760? 666? 2. where can one find quantity of gold held by IMF, World Bank? who influence their decision to sell their gold? Link to comment Share on other sites More sharing options...
torino Posted July 30, 2008 Report Share Posted July 30, 2008 1. Watching gold prices, in your opinion, how low would have gold to go for gold buyers/holders to panick & start selling ? 870? 850? 820? 800? 790? 770? 760? 666? 2. where can one find quantity of gold held by IMF, World Bank? who influence their decision to sell their gold? Link to comment Share on other sites More sharing options...
GTG Posted July 30, 2008 Report Share Posted July 30, 2008 I am getting a discrepancy between the price of gold reported by Kitco and IGIndex, which I haven't noticed before. At the time of posting, Kitco says around $910, whereas IGIndex says around $901 Does anyone know which is more reliable, or can suggest a 3rd party than is better than either? You could try http://www.livecharts.co.uk/MarketCharts/gold.php IG, think "cartel" and Alibaba and the forty ______ I've also read reports by others saying what you see there is entirely different to the real world. Link to comment Share on other sites More sharing options...
romans holiday Posted July 30, 2008 Report Share Posted July 30, 2008 Bargain gold and silver everybody! Grab it while you can. Thanks Uncle PPT And all gullible weak handed idiots running to financials. Link to comment Share on other sites More sharing options...
darreng1000 Posted July 30, 2008 Report Share Posted July 30, 2008 it's just hit the 200 dma according to my chart Link to comment Share on other sites More sharing options...
GTG Posted July 30, 2008 Report Share Posted July 30, 2008 Did n't the ECB announce they were going to sell some gold in accordance with the IMF agreed limits? Someone posted the announcement on here I believe. Link to comment Share on other sites More sharing options...
romans holiday Posted July 30, 2008 Report Share Posted July 30, 2008 "it's just hit the 200 dma according to my chart " Thats it! All is forgiven! I am going back to the dollar! Link to comment Share on other sites More sharing options...
sossij Posted July 30, 2008 Report Share Posted July 30, 2008 And all gullible weak handed idiots running to financials. Ha ha! Exactly! It's just the usual end-of-month-gotta-smack-it-down. Just recharged my BV and GM accounts Link to comment Share on other sites More sharing options...
G0ldfinger Posted July 30, 2008 Author Report Share Posted July 30, 2008 The credit crunch is over. There will be no Greater Depression, not even a recession. Sell all your gold and silver. :lol: Link to comment Share on other sites More sharing options...
sossij Posted July 30, 2008 Report Share Posted July 30, 2008 The credit crunch is over. There will be no Greate Depression, not even a recession. Sell all your gold and silver. :lol: ... to meeeeeeee! Link to comment Share on other sites More sharing options...
romans holiday Posted July 30, 2008 Report Share Posted July 30, 2008 Ha ha! Exactly! It's just the usual end-of-month-gotta-smack-it-down. Just recharged my BV and GM accounts Nice. I am too trigger happy these days. Come pay day, must buy gold! Never know which way it will go.... just want to be in before the "doldrums" are over and Autumn arrives. Link to comment Share on other sites More sharing options...
sossij Posted July 30, 2008 Report Share Posted July 30, 2008 Nice. I am too trigger happy these days. Come pay day, must buy gold! I'm lucky, due to a temporary quirk of fate I'm currently being paid weekly. It's great, I just buy the same amount in £s each week whatever happens... smooths out the peaks and troughs nicely When I go back onto monthly payment its gonna really try my patience. Never know which way it will go.... just want to be in before Autumn arrives. A Septemeber/October rise like last year would be just great. Holding fast. Link to comment Share on other sites More sharing options...
cgnao Posted July 30, 2008 Report Share Posted July 30, 2008 1. Watching gold prices, in your opinion, how low would have gold to go for gold buyers/holders to panick & start selling ? 870? 850? 820? 800? 790? 770? 760? 666? 2. where can one find quantity of gold held by IMF, World Bank? who influence their decision to sell their gold? They panicked in September 2006 when it dropped below 600. The rest is history. Then Today Link to comment Share on other sites More sharing options...
Bobsta Posted July 30, 2008 Report Share Posted July 30, 2008 Did n't the ECB announce they were going to sell some gold in accordance with the IMF agreed limits? Someone posted the announcement on here I believe. Not that I know of. Two "Eurozone" banks sold some gold earlier this week and it was announced yesterday (I posted it). Is that what you're referring to? Link to comment Share on other sites More sharing options...
sossij Posted July 30, 2008 Report Share Posted July 30, 2008 Two "Eurozone" banks sold some gold earlier this week and it was announced yesterday (I posted it). That was very considerate of them... and now some of it belongs to me Link to comment Share on other sites More sharing options...
Bobsta Posted July 30, 2008 Report Share Posted July 30, 2008 James Turk of GoldMoney.com latest commentary. More Than a Helping Hand So... to take my mind off watching G/S I've been playing a little with the graph in this article. Go HERE, and select "Large" for the size at the bottom-right of the chart. Now set the units to: "Change, Billions of Dollars" and the date range start to 1969-01-01 .... refresh the graph and notice how every time the Fed has loaned money in the past, it's been paid back soon after. Then look at today... shorten the time range if you like... and you'll see that so far they've just leant and leant and leant. Some of it got paid back right at the very start of this mess, but since then, nothing. And some say what's going on now is deflationary. How the feck is this deflationary?! Link to comment Share on other sites More sharing options...
MattFC Posted July 30, 2008 Report Share Posted July 30, 2008 So... to take my mind off watching G/S I've been playing a little with the graph in this article. Go HERE, and select "Large" for the size at the bottom-right of the chart. Now set the units to: "Change, Billions of Dollars" and the date range start to 1969-01-01 .... refresh the graph and notice how every time the Fed has loaned money in the past, it's been paid back soon after. Then look at today... shorten the time range if you like... and you'll see that so far they've just leant and leant and leant. Some of it got paid back right at the very start of this mess, but since then, nothing. And some say what's going on now is deflationary. How the feck is this deflationary?! and then add the following series!!! FDHBFRBN , Federal Debt Held by Federal Reserve Banks, Mar Jun Sep Dec, Billions of Dollars, Not Seasonally Adjusted suddenly your borrow line looks very very small Link to comment Share on other sites More sharing options...
G0ldfinger Posted July 30, 2008 Author Report Share Posted July 30, 2008 ... Then look at today... shorten the time range if you like... and you'll see that so far they've just leant and leant and leant. Some of it got paid back right at the very start of this mess, but since then, nothing. And some say what's going on now is deflationary. How the feck is this deflationary?! On that note: http://www.bloomberg.com/apps/news?pid=206...&refer=home Fed Extends Emergency Loan Programs Through January (Update3) ... July 30 (Bloomberg) -- The Federal Reserve extended its emergency lending programs to Wall Street firms through January after policy makers judged that markets are still too weak to go without a backstop from the central bank. They will pay it all back, right? Right?? :lol: Link to comment Share on other sites More sharing options...
GTG Posted July 30, 2008 Report Share Posted July 30, 2008 Not that I know of. Two "Eurozone" banks sold some gold earlier this week and it was announced yesterday (I posted it). Is that what you're referring to? Oh that's what it was, thanks. Link to comment Share on other sites More sharing options...
Bobsta Posted July 30, 2008 Report Share Posted July 30, 2008 On that note: http://www.bloomberg.com/apps/news?pid=206...&refer=home That's such an excellent article GF. ``The U.S. is pulling out all the stops here to make sure we don't have a terrible downturn or a collapse in the financial system,'' said Allen Sinai, chief global economist at Decision Economics in Boston. ``There isn't anything else the Federal Reserve can do but to keep pumping liquidity into the system.'' I quite agree. Link to comment Share on other sites More sharing options...
cgnao Posted July 30, 2008 Report Share Posted July 30, 2008 They want to push gold back below $900 but they can't. Link to comment Share on other sites More sharing options...
CharlieSays Posted July 30, 2008 Report Share Posted July 30, 2008 If in doubt of where to post... Shamelessly stolen from http://stockmania.com/ Link to comment Share on other sites More sharing options...
cgnao Posted July 30, 2008 Report Share Posted July 30, 2008 Commodity bull market 101 They push the commodity price down by shorting it with paper contracts on future exchanges. Artificially low prices spur demand, then the shorts can't deliver enough of the real stuff. Stockpiles drop, prices shoot back up, the shorts get squeezed and by covering they push prices up even more than before. http://www.bloomberg.com/apps/news?pid=206...&refer=home Oil Rises as Report Shows Unexpected Gasoline-Supply Decline By Mark Shenk July 30 (Bloomberg) -- Crude oil rose more than $1 a barrel after the U.S. Energy Department reported the first decline in gasoline inventories in five weeks. Supplies fell 3.53 million barrels to 213.6 million barrels last week, the department said today. Stockpiles were forecast to rise 350,000 barrels, according to a Bloomberg News survey. Link to comment Share on other sites More sharing options...
kernull Posted July 30, 2008 Report Share Posted July 30, 2008 i want the news to post this headline : "crude rose on strong dollar , high us inventories, and no pipe blown in nigeria" .... and looks like market still can't believe it Link to comment Share on other sites More sharing options...
ziknik Posted July 30, 2008 Report Share Posted July 30, 2008 Commodity bull market 101 They push the commodity price down by shorting it with paper contracts on future exchanges. Artificially low prices spur demand, then the shorts can't deliver enough of the real stuff. Stockpiles drop, prices shoot back up, the shorts get squeezed and by covering they push prices up even more than before. SNIP What do you think of DrBubb's prediction? SNIP As I have said elsewhere. I have been expecting Oil to make a peak somewhere between $140 and $160, and then head back towards $80-110. (Then, after the correction, I expect a huge move up in oil. I am currently targetting $400 per barrell for 2010-12.) SNIP Edit: Spelling. Sorry DrBubb Link to comment Share on other sites More sharing options...
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