Sean K
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Ooops, the charts Im looking at had it under 800.
Brazil are a few days behind the rest of the world...
You were still calling 600s though werent you.... $630 ish....
Gold Price - Where is it heading?
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Brazil are a few days behind the rest of the world...
You were still calling 600s though werent you.... $630 ish....
explod
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Yep, its all coming together and thanks to the discussions and collective on this thread we began loading up on aussie producers over the last month.
yeeeeeeee haaaaaaaaaaa
cant believe I brought some more LGL at $1.99 only to see them with horror go to $1.80 the following day. It has been a hard road indeed and I am sure some shaky ones to come but remember days like this to make you stronger.
cheers explod
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Well said.
Remember that September month has posted an average annualised return of over 30% for the last 30 years. The odds are really against a negative month for September.
Those who brought in early September could well receive 30% by the end of this month. I didn't thought we would make it this month, but i guess cyclical trend still prevail.
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Well said.
Remember that September month has posted an average annualised return of over 30% for the last 30 years. The odds are really against a negative month for September.
Those who brought in early September could well receive 30% by the end of this month. I didn't thought we would make it this month, but i guess cyclical trend still prevail.
Gold and Government bonds look the best bets now. US$1,000 per oz could be reached very quickly.
Trembling Hand
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Whoa....... hold it it boys. I can hear the victory trumpets sounding.
With all due respect it is just a ONE day jump (an amazing one sure) up to here
I mean everyone likes to be on a good trade but the last couple of pages read like acceptance speeches at the Oscars!! LOL
With all due respect it is just a ONE day jump (an amazing one sure) up to here
I mean everyone likes to be on a good trade but the last couple of pages read like acceptance speeches at the Oscars!! LOL
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lol, right you are. So who's going to sell here and lock in profits?Whoa....... hold it it boys. I can hear the victory trumpets sounding.
With all due respect it is just a ONE day jump (an amazing one sure) up to here
I mean everyone likes to be on a good trade but the last couple of pages read like acceptance speeches at the Oscars!! LOL
wayneL
VIVA LA LIBERTAD, CARAJO!
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Whoa....... hold it it boys. I can hear the victory trumpets sounding.
With all due respect it is just a ONE day jump (an amazing one sure) up to here
Yep, and that's a worry for this newly minted gold bug. Where are the new buyers? That's what we need for this to go to 1,000,000/oz or whatever us crazy gold bugs suggest.
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Whoa....... hold it it boys. I can hear the victory trumpets sounding.
With all due respect it is just a ONE day jump (an amazing one sure) up to here
I mean everyone likes to be on a good trade but the last couple of pages read like acceptance speeches at the Oscars!! LOL
hahah true, but it's nothing wrong with celebrating for just this one day. Doesn't hurt.
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I'm still trying to work out who the buyers were last night! It was anything but normal.. it looked like forced buying. With all the big swaying bodies on Wall Street at the moment, could this have been based on one entity's massive short position being forcibly unwound?
Whoever was buying, it created the biggest volume day in gold futures in history, and S&P down 4.71% with HUI up 11.72% is the biggest divergence I've seen in four years of watching them.
Here is one explanation which seems pretty ridiculous although it's the best I've heard yet:
"Gold has been whipsawed in recent weeks by rapidly shifting investor perceptions over whether it remains a safe-haven asset or whether it is part of a riskier commodities pool."
So we're all schizophrenics when it comes to gold!
The markets are driven by big players and surely there is more to it than this... can we ever know what happened last night?
Lucky_Country
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Just an amazing rally that still has legs today.
Where will it end production is dropping manipulation touted by the powers that be demand rising and financial turmoil ruling markets.
Oh did I mention inflation.
Has there ever been a better time for gold ?
Where will it end production is dropping manipulation touted by the powers that be demand rising and financial turmoil ruling markets.
Oh did I mention inflation.
Has there ever been a better time for gold ?
Trembling Hand
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Will be interesting to see the OI figures when they are published. The volume was truly amazing.
No doubt a lot of sleeping shorts court out but there was of course just as many sellers. For me last night was the first skirmish in a new war. Knowing who is going to win the battle at this stage is a bit hard.
AGR is selling up they are going out of the game (over capitalized) im in the mix right now to see if i can pick up their stock (over 2 tonnes) but their being greedy for prices. This wont be the 1st major refiner going under also.....
AUD gold price is nice sitting at around 1103
explod
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Not hard at all. Gold is the only thing apart from good property that has good value in it at the moment. Many of us here have been trying to tell you that for years.
T/H you have still obviously not had a good read of this thread, as I suggested the other day, or you would have no doubts.
As has been said many times, gold as an investment was only .005% of the total investement market, the slightest shift in sentiment towards it will send it parabolic. In my very humble opinion of course.
We live in interesting times.
Hey barrett, my theory is that last night Lehman Bros had their trades closed after filing for Chapter 11 and they were net short on gold. This triggered a massive short covering and hence the explosion in price. The timing fits perfectly, and I remember reading that they were short on gold. Nothing else could have changed in the last 24 hours to invoke such as explosive move. Sure the fundamentals are super bullish for gold, but when haven't they been recently? A move like this smacks of manipulation (of the good kind this time) and I am VERY cautious of it as we full well know that it can track to the downside just as quickly if not even quicker.
Regards,
Cluster.
Regards,
Cluster.
Trembling Hand
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Ok Explod whatever
Tell ya what when your averaging down on the likes of SBM and your other gold plays gets to break-even will ya tell me?
Then I can at least weight your arrogance to above triple negative junk!!
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It would be interesting to know how much shorts they really have before they collapsed. And also if they really have fully covered their shorts.
Trembling Hand
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No way would they unwind in a day. And if that was the truth for the gold bugs that is the worst possible thing. Whats going to drive it up from hear?
And what no one has yet to mention is who was on the other side of the biggest volume day yet?? there was equal amount of sellers.
explod
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Ok Explod whatever
Tell ya what when your averaging down on the likes of SBM and your other gold plays gets to break-even will ya tell me?
Then I can at least weight your arrogance to above triple negative junk!!
Yes SBM was a worry at average .279 just looking at daylight perhaps. LGL the only other major holding at 2.34 average. Was out of the market for some time (apart from small plays in some specs) till a few months back. So I have saved by being neutral.
I dont' wonder, I try to back my investing and what I say with some rationale and reasoning. And I get it wrong, but most of the time its good for me.
Cheers
Kauri
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Whiskers
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Isn't the real issue why it was puched down so low in the first place!?
I'm afraid I was a bit too conservative with my estimate. Have to maybe keep an open mind for the max now.
PS: Voodoo Kauri!
I think I change mine to ESP or somethin around here.PPS: By the way, that target is 261.8% of wave B... the max for a flat... by my ESP, voodoo or whatever.
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