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Gold is officially stuffed - $350 target now!

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thestorm

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Brilliant employment numbers from the US, exceeding all expectations, have put the final nail in the coffin for Gold.

Lowest unemployment for 5 years proved that the Republicans are the best at running the economy.

It was a disastrous result for Gold. Some people are now saying Gold could drop as low as $350 from it current $620+ figure.

Watch the gold stocks crash on Monday as everyone moves their money back into the almighty US$ :)
 
lol, if it was disasterous for gold why was the metal up last night? gold stocks wont crash on monday. the u.s dollar on the other hand is in big trouble in coming years. you only need to look at their trade defecit.
cheers
 
I watched Foxtel this morning and all the experts on CNBC were confirming the last rites for Gold.

George W Bush is now presiding over the greatest economy ever and will lead the DOW to its greatest rise ever. All hail the mighty George W and the Republicans.

If the Democrats get in then Gold could go as low as $200 so you all better hope mighty George wins next Tuesday's elections.

Rememeber you must swap Gold for $US. USA is the greatest economy in the world - the rest of the world follow the almighty $US
 
thestorm said:
I watched Foxtel this morning and all the experts on CNBC were confirming the last rites for Gold.

George W Bush is now presiding over the greatest economy ever and will lead the DOW to its greatest rise ever. All hail the mighty George W and the Republicans.

If the Democrats get in then Gold could go as low as $200 so you all better hope mighty George wins next Tuesday's elections.

Rememeber you must swap Gold for $US. USA is the greatest economy in the world - the rest of the world follow the almighty $US
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Are you trying to build your credibility up here Storm? :confused:
 
thestorm said:
I watched Foxtel this morning and all the experts on CNBC were confirming the last rites for Gold.
Click to expand...

Well the experts always get it right................................. :rolleyes:

Gold futures were all up in the US, obviously futures traders dont watch Fox ?.
 
Pager said:
Gold futures were all up in the US, obviously futures traders dont watch Fox ?.A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty. Winston Churchill
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A pessimist sees a bitch in every broad, an optimist sees a broad beach with lots of beautiful birds in bikinis" - Alred E Neumann.
"but the bikinis are covered up with curtains, and none of my follwers are allowed to optimise.!! or be optimistic or stuff " - Sheik Al Hilaly
An optimist sees a golden smile and a smiling broad, a pessimist just ... walks along looking at the cars and stuff. ;)
a pessimist sees just a future trader - an optimist sees a future in trading lol, good luck with that call , to one and to all. .... AHH SHUDDUP
 
thestorm said:
Brilliant employment numbers from the US, exceeding all expectations, have put the final nail in the coffin for Gold.

Lowest unemployment for 5 years proved that the Republicans are the best at running the economy.

It was a disastrous result for Gold. Some people are now saying Gold could drop as low as $350 from it current $620+ figure.

Watch the gold stocks crash on Monday as everyone moves their money back into the almighty US$ :)
Click to expand...
Talk about over the top! I'm not even going to dignify your comments with a response. I think there is more room on the upside for gold.
 
thestorm said:
I watched Foxtel this morning and all the experts on CNBC were confirming the last rites for Gold.

George W Bush is now presiding over the greatest economy ever and will lead the DOW to its greatest rise ever. All hail the mighty George W and the Republicans.

If the Democrats get in then Gold could go as low as $200 so you all better hope mighty George wins next Tuesday's elections.

Rememeber you must swap Gold for $US. USA is the greatest economy in the world - the rest of the world follow the almighty $US
Click to expand...
Storm...the US$ is in trouble and so is Mr Bush...why...ask Iraque....the US soldiers will tell you...MR Bush is being stuffed...as, like his father is a war monger...Gold will go all the way...watch the reality at work....Storm you make me laugh LOLOLOLOLOLO...... :2twocents
 
2020hindsight said:
A pessimist sees a bitch in every broad, an optimist sees a broad beach with lots of beautiful birds in bikinis" - Alred E Neumann.
"but the bikinis are covered up with curtains, and none of my follwers are allowed to optimise.!! or be optimistic or stuff " - Sheik Al Hilaly
An optimist sees a golden smile and a smiling broad, a pessimist just ... walks along looking at the cars and stuff. ;)
a pessimist sees just a future trader - an optimist sees a future in trading lol, good luck with that call , to one and to all. .... AHH SHUDDUP
Click to expand...

Trade what happens not what you think may happen :) , becouse a bunch of experts on CNBC are pessamistic on gold, does not mean its all downhill from hear.

An argument could be made for falls/rises in every tradeable commodity out there.

My point is keep an open mind to a move in either direction, im neither a gold bull or bear.

As you say SHUDDUP ;)
 
Pager said:
My point is keep an open mind to a move in either direction, im neither a gold bull or bear. As you say SHUDDUP ;)
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:) no offense meant . sorry if taken. I was quoting what Alfred E Neumann would say (your Avatar). As if I'd take the piss out of something Winston Churchill said!. My guess is he would also have said "Gold for the retreat, Shares for the attack" - but I'm guessing bigtime.

Gold goes up and down with world events , and even Johnny Howard doesnt seem to have any influence there - Iran /Iraq war took it down when it was predicted to hit $1000 ( back in early 80's). You're dead right. And I guess it makes sense that you can't be optimistic about everything simultaneously - must be trade off's surely.

GB Shaw "optimist invented the aeroplane, pessimist the parachute" _ I think you , if not you then others around here - are saying " have a parachute ready" - and I couldn't agree more.

As I say - sorry if flippancy wasn't suitable response - thought you might be a MAD magazine buff ;). PS I'm told 300 times a day to SHUDDUP - .. 150 of which are by my inner voice...that talks to me ...... so when I get on the web, I do the same thing. ;)
 
i think the storm & his cnbx cohorts are blinded by the republican propogana machine of lies & manipulations.
 
Not to put too fine a point on it but I think gold created an all time record for the New York exchange, with 10 consecutive days closing higher.
What is strange in this run north is that it never really "took off", averaging about $4.50 a day.
Typically when gold rallies it has a few massive gains interspersed with profit taking.
Also unusual during this run north has been gold's separation from oil prices, which remained largely unchanged, and certainly "low" by recent standards.
Is "the storm" from Melbourne - 4 seasons in one day!
 
2020hindsight said:
:) no offense meant . sorry if taken. I was quoting what Alfred E Neumann would say (your Avatar). As if I'd take the piss out of something Winston Churchill said!. My guess is he would also have said "Gold for the retreat, Shares for the attack" - but I'm guessing bigtime.

Gold goes up and down with world events , and even Johnny Howard doesnt seem to have any influence there - Iran /Iraq war took it down when it was predicted to hit $1000 ( back in early 80's). You're dead right. And I guess it makes sense that you can't be optimistic about everything simultaneously - must be trade off's surely.

GB Shaw "optimist invented the aeroplane, pessimist the parachute" _ I think you , if not you then others around here - are saying " have a parachute ready" - and I couldn't agree more.

As I say - sorry if flippancy wasn't suitable response - thought you might be a MAD magazine buff ;). PS I'm told 300 times a day to SHUDDUP - .. 150 of which are by my inner voice...that talks to me ...... so when I get on the web, I do the same thing. ;)
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No offense taken, no offense intended in return :)

Sometimes maybe i should SHUDDUP ;)
 
2020hindsight said:
A pessimist sees a bitch in every broad, an optimist sees a broad beach with lots of beautiful birds in bikinis" - Alred E Neumann.
"but the bikinis are covered up with curtains, and none of my follwers are allowed to optimise.!! or be optimistic or stuff " - Sheik Al Hilaly
An optimist sees a golden smile and a smiling broad, a pessimist just ... walks along looking at the cars and stuff. ;)
a pessimist sees just a future trader - an optimist sees a future in trading lol, good luck with that call , to one and to all. .... AHH SHUDDUP
Click to expand...
I'm glad I got rid of Fox Pay TV last year. If all the experts are so good then how come they seem to get their predictions wrong most of the time. As always, do your own research before buying/selling.
 
Dunno about the $350 target, that's way too bit too pessimistic ATM.

Nevertheless IMO, this correction that started in MAYis far from done just yet. No clearcut evidence at hand that it has finsihed.

Cheers
 
thestorm said:
I watched Foxtel this morning and all the experts on CNBC were confirming the last rites for Gold.
Click to expand...
I think that's the funniest thing I've ever heard :D

"sell gold and oil and buy stocks! What are you waiting for? Free market capitalism is the best path to prosperity! BUY, BUY, BUY. All news is good news. All dips are buying opportunities. BUY, BUY, BUY!"
 
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