Hi explod, I hope you are not one of those many people on ebay currently paying above spot for those coins from that Adelaide coin dealer. There ia frenzy!
By my rough calculations each coin 0.34 troy oz of 0.92 silver = 17 ounces per fifty coins = ~$250-260 at spot price, people have already bid up to $315 with 20h to go!
Like you said, unprecedented.
Just go look at the MACD for HUI.
Hi everyone
As the AUD is weak against the USD, doesn't this mean that any gold purchased now will lose a significant amount of value when the AUD regains strength?
Unless of course the price of gold rose at a faster or corresponding rate.
I'd appreciate an explanation of this relationship. I can find plenty of information on the relationship between the USD and gold, but not the AUD as well.
Thank you very much.
I think people should take a big look at gold.
Some serious, serious volume being moved through...
Call time on the GLD I think.There has been some talk about possible problems with delivery on the December contract. I don't know the dynamics, but we're getting towards the end of the contract.
Plus, there seems to be money appearing for all assets. My futures is showing bright green all over the place. Copper and Silver are running HARD.
There has been some talk about possible problems with delivery on the December contract. I don't know the dynamics, but we're getting towards the end of the contract.
Plus, there seems to be money appearing for all assets. My futures is showing bright green all over the place. Copper and Silver are running HARD.
Heya Bobby,Hello Wayne,
Long time speaking to you , do hope your well , happy & safe .
Can you elaborate on those futures showing green please
Regards Bob.
In this respect the present crisis in the West will ultimately end up discrediting mechanical monetarism -- and with it the fiat paper-money system in general -- as the U.S. paper-dollar standard, in place since Richard Nixon broke the link with gold in 1971, finally disintegrates.
The catalyst will be foreign creditors fleeing the dollar for gold. That will in turn lead to global recognition of the need for a vastly more disciplined global financial system and one where gold, the "barbarous relic" scorned by most modern central bankers, may well play a part."
Heya Bobby,
Yep,
All metals, grains, meats and softs are up strongly The only things slightly down on my screen is bonds and , Yen.
You can track futures prices at www.barchart.com or www.futuresource.com
Good morning Explod.
<< The catalyst will be foreign creditors fleeing the dollar for gold. >>
they've been telling us that for some considerable length of time & aren't everyone getting sick of that "fiat-money" slur on the dollar?
but the fact is that this morning the USDollar does look weak against both the yen & the euro.
I wouldn't write Gold off at this stage.
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