Gold

[drillfix]

Well if you provide some proof instead of trotting out another conspiracy theory you might have some credibility.

From truth about painting charts to painting others out to be cosnpircy theorists all the time.

I am not talking about the pog here skol, I am talking about why the Dow looks like its eventually going to fall off a cliff whilst I waist my precious time arguing with you who just cannot see it, because you have your head buried somewhere I dare not mention.

You want proof?? Then simply ask yourself was there, or was there Not QE1 and QE2 ?? so why on earth would you want proof, when its common knowledge.

Anyway, enough from me, as there is no getting through to you Skol as whatever is in your mind is set in stone and it has fossilized.

Good luck and dont forget to take profits yeah.

Cheers~!

[Skol]

The goldbugs and their soothsayers have been predicting economic armageddon for years and it's never happened, Dow 1500, hyperinflation, all manner of hellish consequences.

The companies listed on the S&P500 Dow and other indexes actually do something, manufacture things, employ people, build aircraft, cars and machinery, gold does nothing, it's inert in more ways than one.

Time you guys realised that you've missed out on one of the most explosive rallies in recent history, too bad.

Since October last year my trading account's up 28% in AUD.

At what point would you concede defeat and conclude that economic armageddon won't occur?

[Skol]

You guys wanna laugh, read this, gold is 'liquid', "you can take it anywhere in the world and sell it". LOL


Another little boost for gold because without more suckers getting on board the ponzi scheme will collapse.


Hollywood-type heists, says a New Zealand gold dealer.

"[Robberies] are starting to become more and more prevalent. And we'll probably see more of it as time goes on," said Mike O'Kane, head of bullion at New Zealand Mint.

"You read about real-world equivalents of the Ocean's Eleven-type movies ... we've seen a few of those in the last 10 years that you wouldn't have seen in the 1980s or 1990s."

Ocean's Eleven, a 2001 remake of the 1960 film of the same name, was based around the efforts of a group of criminals to simultaneously rob the Bellagio, the Mirage and the MGM Grand casinos in Las Vegas.

In 2000 the price of gold hit its lowest point since the 1980s, at just less than US$300 ($356) an ounce.

Its value climbed steadily but doubled in the year after the 2008 financial crisis, and was as high as about US$1920 an ounce last August.

However, Mr O'Kane said even if criminals melted down gold they would still have trouble selling it on for market prices as it would not be marked by a recognisable refinery or mint.

But there was still large enough demand to ensure an international black market for gold, silver and jewellery, he said. "A good example of that would be Vietnam. In Vietnam if you are to buy property, 90 per cent of the transactions are done in gold. And the other 10 per cent are actually done in US dollars.

"The key thing about it is it's liquid - you can take it anywhere in the world and sell it. People will buy it off you. The liquidity of it is a key element."

India had been a large market for gold, but China had become the world's largest gold market almost overnight.

[drillfix]

Yeah yeah yeah Skol.

Blah Blah Blah, thats what your best at, now rock'on and get back to your American house wife shows~!

[skid]

So far, not a SINGLE ONE of them have correctly predicted the price of gold.[/QUOTE]

And nowhere has that been more true than with you, Skol LOL

[Skol]

So far, not a SINGLE ONE of them have correctly predicted the price of gold.

And nowhere has that been more true than with you, Skol LOL[/QUOTE]

Incorrect, I think my estimate is closer, the lowest estimate from all these 'experts' and gold 'analysts' is $2500USD, the highest is $15,000.

Imagine, I'll bet suckers actually pay these tea leaf readers for their 'expertise'.

Hey skid, maybe you could subscribe to the Mary-Ann and Pamela Aden Newsletter, they're well known gold aficianados. They reckoned gold would be $3000 - $5000 by February 2012.

It'll be money well spent.

[Pumice]

Gold and Silver got smashed! (USD went up considerably)
Seems the Fed may raise well before 2014


and not a word from Skol......

Those holding Gold, whats your T/P and S/L targets?

[Skol]

Gold and Silver got smashed! (USD went up considerably)
Seems the Fed may raise well before 2014


and not a word from Skol......

Those holding Gold, whats your T/P and S/L targets?

Must be time to 'back the truck up'.

[STRAT]

Yeah yeah yeah Skol.

Blah Blah Blah, thats what your best at, now rock'on and get back to your American house wife shows~!

Now thats not nice.

[Pumice]

Although I won’t take a short position on Gold, I have been accumulating USD.
Which is what I assume you have been doing.

Time will tell. But this move does look ominous. Could be a giant double top?
I’m sure there will be a bit of a hysteresis effect so, I doubt we will see gold back at $300 ever again (not in nominal terms at least)