Gold

[drillfix]

Edwin Lefevre,
Reminiscences of a Stock Operator.

Dont you mean,

Jesse Livermore - Reminiscences Of A Stock Operator

[axion]

Well officially it is Lefevre. But IIRC after the publication Livermore said that he wrote it and Lefevre edited it, which makes sense since given the way it is written, it would be far easier for the actual person to write it like that than some third party.

[Skol]

"Have taken money off the table because the markets due for a breather"
"Bought and sold ALL recently"

Your are hard man to understand but I guess as long as your making a dollar

ALL - Aristocrat Leisure.

[Huang Chung]

Gold stocks will probably be hit for 6 next week, with the fallout from the Goldman Sachs charges. Sounds all a bit tenuous, with Paulson being a big holder of golds ETFs and shares such as Anglo Gold. A few more Silver Lake (SLR) or Papillon (PIR) could be on my shopping list come Monday, if they take a hit.

[JBmurc]

ALL - Aristocrat Leisure.

Right makes sense will setup a watchlist see how your picks go over the next 6months------

Gold down dollar up

"Jim Sinclair's Commentary

If you think that Goldman's problems are not shared by the entire derivative market, you are bonkers.

If you see the Goldman situation as negative to gold you are a total fool.

If you see the Goldman situation as being bullish to the dollar, you are hopeless."

At http://jsmineset.com

looking forward to seeing this movie
-http://www.youtube.com/watch?v=dmwGgcCdNkU

[Skol]

Right makes sense will setup a watchlist see how your picks go over the next 6months------

Gold down dollar up

"Jim Sinclair's Commentary

If you think that Goldman's problems are not shared by the entire derivative market, you are bonkers.

If you see the Goldman situation as negative to gold you are a total fool.

If you see the Goldman situation as being bullish to the dollar, you are hopeless."

At http://jsmineset.com

looking forward to seeing this movie
-http://www.youtube.com/watch?v=dmwGgcCdNkU

Looks to me like it's the opposite, the USD has strenghtened considerably against the Euro in the last 36 hours.

[Skol]

Won't be long before you'll be using that 50kgs of silver of yours as an anchor JB.
On Monday NAV = Nil Asset Value and NAVO = Net Asset Value Zero. LOL

Note the bit that says "out of riskier assets like gold and into safer assets like the USD".

Has the bell rung?



Goldman Sachs Sinks Gold Prices



By Alix Steel 04/16/10 - 03:06 PM EDT
.
Add CommentStock quotes in this article: ABX , NEM , KGC , GG , AUY , FCX , GLD NEW YORK (TheStreet) -- Gold prices Friday were dropping steeply as investors traded out of riskier assets like gold and into the U.S. dollar.
Gold Prices Nose Dive


Barrick Gold Corporation| ABX DOWNKinross Gold Corporation| KGC DOWNSPDR Gold| GLD DOWNGold for June delivery was slipping $22.10 to $1,138.20 an ounce at the Comex division of the New York Mercantile Exchange. The gold price Friday has traded as high as $1,161.20 and $1,130 after settling just above $1,160 on Thursday. The U.S. dollar index was adding 0.44% to $80.79 as the euro fell 0.67% against the dollar. The spot gold price Friday was falling over $20, according to Kitco's gold index.

The news that the SEC charged Goldman Sachs with fraud was killing gold prices as investors rotated out of riskier commodities and into safer assets like the U.S. dollar. The gold price had been finding support around $1,150 an ounce after better-than-expected earnings from big U.S. companies. But gold couldn't hold that level and is now retesting the $1,135 area as momentum buying erodes.

[Huang Chung]

A bit of argy bargy on CNBC regarding the Goldman situation:

http://www.mediaite.com/tv/cnbc-gues...goldman-sachs/

[ENP]

If you were to hold gold. Would you physically own it or own it through and ETF?

[Skol]

If you were to hold gold. Would you physically own it or own it through and ETF?

Neither, owning physical gold is very risky and owning ETF's is extremely risky.

I'll bet there's some very scared punters out there at the moment.

I wonder how many of them will have their finger hovering over the sell button at the open on Monday?

Or maybe the "buy US Dollar" button.

If you check other websites it's someone elses fault. "The usual mob" hammering gold. "Happened on a Friday". "Audit Fort Knox". LOL

Conspiracy theorists heaven.