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22-09-2009, 07:53 PM
#561
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22-09-2009, 07:57 PM
#562
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22-09-2009, 08:03 PM
#563
Thanks,Arco, POG has gone from $1006 to 1012 in the last few minutes. Of course it often goes up or down by more than that, but it suggests that $1,000 is well supported.
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22-09-2009, 08:06 PM
#564
WOW! Talk about firepower!
GOLD picked up in Asian trade this morning, edging above $US1005/oz - and the word is that Beijing is suggesting it may put up its hand for the entire 403 tonnes of the yellow metal about to be put on sale by the International Monetary Fund.
http://www.theaustralian.news.com.au...-36418,00.html
Last edited by Dr_Who; 22-09-2009 at 08:10 PM.
Having got ourselves into a debt-induced economic crisis, the only permanent way out is to reduce the debt – either directly by abolishing large slabs of it, or indirectly by inflating it away.
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23-09-2009, 07:25 PM
#565
Gold Up Again!, Should make for interesting night/very early morning trading
US gold ends up, nears $1,020/oz on dollar tumble
http://www.reuters.com/article/marke...0090922?rpc=44
Good summary of the last few days over at BullionVault also:
http://goldnews.bullionvault.com/gold_china_092220096
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23-09-2009, 09:10 PM
#566
Originally Posted by TTrader
Probably should post this on the Silver thread, but relevant to Gold & PGM's.
Silver, PGMs to outperform gold as it hits well over $1,300/oz - Melek
http://www.mineweb.net/mineweb/view/...9666&sn=Detail
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01-10-2009, 10:55 PM
#567
Originally Posted by airedale
I wonder if Aussie is still out there. He beat the drum when POG was $950 and less. He should come out for a bow now that POG is touching $1020.
Still here and checkin' in occasionally. Just ridin' the train up . . .
Concerned the dollar may be oversold and we could see a healthy pull back in the POG. I'd love to kiss $950 just one-more-time before permanent lift-off into the four figure realm . . .
Last edited by Aussie; 01-10-2009 at 10:58 PM.
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05-10-2009, 06:05 PM
#568
Hi Aussie, I don't think that the US dollar is oversold, after printing a zillion more dollars recently it is finding a new [lower]level. $1,000 looks like support now.
In fact the 1000 bench mark was passed with little media comment which indicates a steady up trend still in place.
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05-10-2009, 10:37 PM
#569
Originally Posted by airedale
Hi Aussie, I don't think that the US dollar is oversold . . .
I just think it's due for a bounce. An October market correction may provide it. Long-term there's little doubt it's going lower but things never move in a straight line. The gold stocks have had a nice run too. I have lightened up a little. A correction would suit me fine.
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06-10-2009, 09:53 AM
#570
Something unusual happened overnight.POG rose by $10 even when the Nymex was open. Perhaps the last of the Nymex shorts have been shaken out.
Agree with you Aussie, a retracement at this point would be a good entry/re-entry point.
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