GOLD

[trader10]

Hi Shasta,

I would say 980's... but here an interesting chart and article on gold and silver..... Not sure if the chart will come up.....I'm having difficulties in post the charts here.

<img src=http://www.marketoracle.co.uk/images/2009/Feb/gold14month150209.gif>

http://www.marketoracle.co.uk/Article8908.html

and silver :

<img src=http://www.marketoracle.co.uk/images/2009/Feb/silver1year150209.gif>

http://www.marketoracle.co.uk/Article8913.html


cheers

[shasta]

Hi Shasta,

I would say 980's... but here an interesting chart and article on gold and silver..... Not sure if the chart will come up.....I'm having difficulties in post the charts here.

<img src=http://www.marketoracle.co.uk/images/2009/Feb/gold14month150209.gif>

http://www.marketoracle.co.uk/Article8908.html

and silver :

<img src=http://www.marketoracle.co.uk/images/2009/Feb/silver1year150209.gif>

http://www.marketoracle.co.uk/Article8913.html


cheers

Cheers T10

That chart suggests $US975, & my initial thoughts were something around that.

Obviously $1,000 is another psychological hurdle

[peat]

i just took the link (without the html code) of http://img15.imageshack.us/img15/158/goldsc8.png

and pasted it into the dialog box presented when you click on the insert image icon that is available when posting

or you can just use the image links offered by imageshack as : Hotlink for forums (1)

[Aussie]

Big move in Asia tonight. Gold rocketing in the face of a strengthening USD, now trading contrary to it's normal pattern. Just hit A$1,500 and heading to NZ$1,900. All Fiat currencies are sinking at the moment.

[Jess9]

At this rate, USD $1K / oz will get taken out well sooner than originally forecast!

[Dr_Who]

Gold $970!

[Mysterybox]

Gold $970!

974.3 high.. it just doesn't stop.

[Aussie]

"Gold has now entered the next and major leg of the long-term gold bull market after correcting down from $1,035. We see it targeting $1,000, initially. This will be achieved shortly after a small bout of consolidation. This Alert is to re-emphasize that you should be looking to see a long-term rise in the gold price, not simply another short visit to $1,000. We believe that $1,000 will be here to stay this time!

We believe, too, that gold shares will benefit to a greater extent than gold itself, in the next move up. In particular, we feel that soundly based gold “Junior” mining companies will benefit strongly . . ."

Man. I hope so . . . I have a few sorry looking Jr's with fantastic proven reserves . . . Let's roll!

ALSO . . .

"The subject of central bank sales keeps on raising its head in the gold market. Last week saw the question raised, “Will the I.M.F. sell its gold still as its cash flow seems to have improved enormously?” The answer from the I.M.F. is of course, “Yes!” It has to be, because the bureaucratic steps for that to happen have been set in place and only a meeting of the members of the I.M.F. can change that at a special meeting. This has not happened.

For the sale of 400 tonnes of gold from the I.M.F. to take place however, the key vote deciding this has not yet been cast. The U.S.A. controls over 16% of the votes [it needs an 85% majority for such a motion to be carried] of the I.M.F. and it cannot cast its vote until the U.S. Congress has cast its vote on whether they will permit the I.M.F. to sell. The vote on the subject has not even been proposed by Congress so until that is on the agenda the likelihood of such a sale is just not there. Meanwhile it sits as a seeming threat to the gold price, or does it?"

MORE . . .

"The internal strength of the market continues to improve which will support pullbacks and support future moves higher. General recognition of the massive monetary expansion and a destruction of trust in the system on various levels including in the world’s largest financial institutions has created a once in a lifetime opportunity for gold to stage a move that is likely to be historic in nature, powerful in force. Short term de-leveraging may continue to place some short-term pressures on gold and gold stocks, but overall the record prior quarter’s $32B in gold demand is going to soon overwhelm the market, above ground stocks are going to be depleted quickly. Once the supply nears or becomes depleted, the market will be in short-supply and a squeeze on the gold price will result in a very rapid move higher."

"In this author’s view, gold sub $1,000 remains a gift and accumulation should be heavy and aggressive at this time. Once the $1k level is broke then the market will accelerate momentum. This could occur in the coming 3 months."

"We are witnessing once in a century, or perhaps longer, financial event where gold and silver offer the only real protection. The U.S. treasury debt market may eventually succumb to this crisis as well at which time gold and silver would move to levels difficult to imagine today as it returns to its true historical attribute as currency."

[Jess9]

Attempting 1K barrier?? Over 980 now.

[Dr_Who]

Just hit $1000 as we speak!!!