Gold

[Skol]

Contrarian warning: tricha's buying gold.

[Skol]

A piece from the WSJ a few hours ago.

Commodity and currency ETFs and ETNs may also be getting a second look. PowerShares DB US Dollar Index Bullish ETF (UUP), which lets investors bet the dollar will appreciate against a euro-dominated basket of foreign currencies, has returned about 7% year to date. SPDR Gold Shares (GLD) has gained about 10%.

But gold, at more than $1,200 an ounce, has already benefited from a long bull run that many think is nearly spent.

"I wouldn't touch gold at a $1,000 an ounce," says Herb Morgan, chief executive of money manager Efficient Market Advisors LLC. Among bearish signs Morgan sees: Recent television ads promoting gold seem like evidence that investors are chasing hot retuns.

"It's game over," he predicts.

[JBmurc]

gold back over 1200oz higher lows---- higher highs

[tricha]

gold back over 1200oz higher lows---- higher highs

We could be in for something we have never seen in our lives, been doing some reading and inflation is next on the agenda.
Gold is at the crossroads, maybe - maybe not, for a little life insurance, some gold in physical or shares is a must. So I hold one gold stock as a hedge against massive inflation, remember folks the printing presses are working o\t.

Happy investing.

http://www.kitco.com/ind/baker/apr292010.html

Homestake Mining

We are in the camp with Jim Rogers, Bob Hoye, David Nichols, Marc Faber and Pamela & Mary Anne Aden. Up is the direction and the remaining question is how high? With the analysis above we believe we can potentially frame the high between $2,450 and $3,500. A wide range we agree, but we believe we will see signs along the way as price reaches our estimated time frame for the top.
When we start to see gold go parabolic, rising day after day and everyone in the world getting excited and joining the party, then we will know gold is in a bubble. We believe that gold’s big move up with be a moon shot like this chart of Homestake Mining from 1932 to 1934. Our challenge then will be to exit before the masses and we see the strong possibility of this event happening within the next 18 months.

We believe investors are being given the rare possibility of a once-in-a-lifetime-opportunity, yes, a parabolic move in gold. The question is what will you do with it and do you need some assistance?
For those readers unfamiliar with our services:

Dudley Baker
Owner/Editor
Guadalajara/Ajijic, Mexico
April 29, 2010

[Skol]

Yeah, if the posters here go to the peak oil thread tricha, they'll see how accurate you were on that one.
tricha's a CONTRARIAN WARNING posters.
Started the peak oil thread and guessed what happened to the POO, it crashed.
Started the "Airlines r a great public service endorsed by Skol" thread and airlines have been stand out stocks.

[Huang Chung]

They're burning the midnight oil in Brussels. The ECB say they will defend the Euro at all costs.
Won't be good news for AU.

Kind of like a monetary version of the Maginot Line....and we know how well THAT worked...

Gold up another $10.

[peat]

nice history Huang
could it be a new all time high for gold tonight???

silver over 19 as well....thats up 60c in the last hour or so

[Ponda]

nice history Huang
could it be a new all time high for gold tonight???

Peat,
Just a quick question if I may, What is the all time high of gold. Not needing the inflation adjusted.

Thanks in advance
*************************************
Edit
Just found it out. Thanks it probably took me more time to post the request than it took to find it out. Cheers,

$1226.56 on Dec. 3 2009

[tobo]

Kitco
Spot
Bid/Ask 1231.80 - 1232.80

and
Comex gold futures Tuesday afternoon hit a new all-time record high of $1,232.50 an ounce.

[Skol]

Comex gold futures Tuesday afternoon hit a new all-time record high of $1,232.50 an ounce.

iShares COMEX Gold Trust
The iShares COMEX Gold Trust was launched by iShares on 21 January 2005 and is listed on the New York Stock Exchange (NYSE: IAU) and Toronto Stock Exchange (TSX: IGT). As of April 28, 2009 the fund held 62.32 tonnes of gold in storage.[10] As of 2009, doubts have been raised about the gold which COMEX claims to store in its vaults.[11]