Gold

[Huang Chung]

That's a shame JB...teriffic film.

Here's a link that might whet your appitite.

http://www.journeyman.tv/60895/documentaries/

[Huang Chung]

Imagine if there was no gold at Fort Knox. Imagine if it hasn't been there for the last 50 years!

Imagine if you were one of the guards...spent a lifetime, guarding NOTHING!!

[JBmurc]

Gold $1240oz USD-- $1404oz AUD also I see Gold price in the yen is up alittle over 3% for the last 2 days

T/A wise
From an important technical perspective, December gold futures prices closed nearer the session high again Wednesday as the bulls have gained fresh upside near-term technical momentum. Gold market bulls have the solid near-term technical advantage. Prices are in a four-week-old uptrend on the daily bar chart. Bulls' next near-term upside technical objective is to produce a close above solid chart resistance at $1,250.00. Bears' next near-term downside price objective is closing prices below solid technical support at this week's low of $1,211.70. First resistance is seen at Wednesday's high of $1,243.40 and then at $1,250.00. Support is seen at Wednesday's low of $1,230.90 and then at $1,223.50.

[Skol]

JB,
If Fort Knox was empty why would that 'put a rocket' under the gold price.
No one know how much is there, who cares? You'd have to assume it's empty and even if it wasn't and there was $173 billion worth of gold in there as alleged that amount is fairly minor when the US GDP is $14.6 trillion.

[JBmurc]

JB,
If Fort Knox was empty why would that 'put a rocket' under the gold price.
No one know how much is there, who cares? You'd have to assume it's empty and even if it wasn't and there was $173 billion worth of gold in there as alleged that amount is fairly minor when the US GDP is $14.6 trillion.

man you don't have clue do you---
-Well its two fold number one the world currency is the USD so if the so called world reserve currency has been lying to the rest of the world their Dollar would soon be the new pesto

-number two less gold available for the likes of the debt riddled USA -means even less large investors would want to buy into the USD treasury notes/bonds etc also not good for the USD remember the chinese they guys that hold hundreds of billions of USD debt you think their going be happy campers when they lose face to the world

Add in the facts of the USD being the dollar used in the massive paper shorts ,how can you short something you don't even hold much of??

the then massive swing of confidence that would back currencies that do have independent audits an in time a rise of a new world reserve currency.

[Skol]

Get off it JB, if there's $173 bil in Fort Knox, that wouldn't even pay 1/4 of the US military budget for 2010.
In the big picture it's chicken feed, same as the 1054 tons the Chinese have.
Only goldbugs care about that trivia, like the fictional secret gold the Japanese army hid in the Phillipines, LOL

I've seen the gold price on the way up, what is it, head and shoulders or double top?

[JBmurc]

Get off it JB, if there's $173 bil in Fort Knox, that wouldn't even pay 1/4 of the US military budget for 2010.
In the big picture it's chicken feed, same as the 1054 tons the Chinese have.

I've seen the gold price on the way up, what is it, head and shoulders or double top?

Yes gold is very rare, to the flood of paper dollars we used to think billions was a lot now trillions how many years to quad-trillions zillions?? isn't going make Gold or any needed resources any cheaper think you should get a large print of the chart of the price of gold 1963-2010 I posted here a couple times an stick it above your T.V skol maybe after looking at that for the rest of the year you might see it's been in one large bull trend 1250 will be smashed before the years out a new high will be set a top will form a pull back will happen but the trend will continue along with inflation an the fiat currencies of the world will continue their devalue plan as the governments want to devaluing their debts

[elZorro]

Skol, how is it that the Dow was crashing below the 10,000 barrier last night but recovered in the last 2 hours of trading? Not a jack-up at all is it? Looks like a flight to gold to me, going on behind all the smoke and mirrors.

[Skol]

Skol, how is it that the Dow was crashing below the 10,000 barrier last night but recovered in the last 2 hours of trading? Not a jack-up at all is it? Looks like a flight to gold to me, going on behind all the smoke and mirrors.

What jack-up and smoke and mirrors?

[JBmurc]

Another great interview on CNBC aways good to here from the more independent asian analyst
what he finished with "they have to stop printing so much easy money we may not have inflaton right now but by 2012 it will be much worse"---"they have been doing it for 20yrs do they never learn"!!!