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Gold Price - Where is it heading?

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Haha what - and treasuries do? Come back when you know what you're talking about.
 
Starcraftmazter said:
I was obviously talking about US treasuries....the short-dated ones with negative real yields.
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Obviously! I mean, with this being Aussie Stock Forums and all, how silly of me to assume you were talking about Australian gov credit.

Investors with dollar obligations hold those notes you speak of, they have no reason to hold gold. The gold market isn't even liquid enough right now to take those investors.
 
sinner said:
Obviously! I mean, with this being Aussie Stock Forums and all, how silly of me to assume you were talking about Australian gov credit.
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When you hear the word "treasuries", do you honestly not think of the US first? Given I implied they have no real return, it would not have taken an insurmountable quantity of logic to conclude what I was talking about.

sinner said:
Investors with dollar obligations hold those notes you speak of, they have no reason to hold gold. The gold market isn't even liquid enough right now to take those investors.
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I'm sure not everyone has obligations to hold dollar assets, or at least broadly speaking it would be better to say they seek to protect their capital. But clearly gold is the best option for this.

As for liquidity, well that's a matter of perspective. If I had $10 Bn of customer money to protect, I would simply go around buying physical gold from every gold miner in the free world, and if I exhaust them I would buy it from the market. You can do this no matter how much money you have.

Of course if it is a large sum of money you will drive the price of gold up - but I fail to see how that's a problem for you. Gold is worth much more than it is priced in USD currently.
 
SCM, clueless as usual about how the market works, what the markets even are, etc. Enjoy.

Difference between an insurance agency or pension fund and other 'investors' still not clear to you?

Difference between clicking "buy" in the US Treasury Bill market and going around to every gold miner in the free world still not a matter of liquidity?
 
sinner said:
SCM, clueless as usual about how the market works, what the markets even are, etc. Enjoy.
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That's a great argument, tell me - are you in a professional debating team? You seem to have a lot of experience. I bet you have a lot of debating trophies at home
 
Starcraftmazter said:
That's a great argument, tell me - are you in a professional debating team? You seem to have a lot of experience. I bet you have a lot of debating trophies at home
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Yes yes I wish I could debate like you so that my claims would carry the force majeure of yours in the opinions of ASF!
 
sinner said:
Yes yes I wish I could debate like you so that my claims would carry the force majeure of yours in the opinions of ASF!
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Or you could do so out of common courtesy. Or you could keep your mouth shut if all you want to do is ad hominem. But whatever

Have fun not holding gold when the financial system collapses.
 
Starcraftmazter said:
Or you could do so out of common courtesy. Or you could keep your mouth shut if all you want to do is ad hominem. But whatever

Have fun not holding gold when the financial system collapses.
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so how much worth are you trying to protect from the financial colapse with gold?

Anyone else think gold will close below 1500 by the end of the week? Hope you didnt by at 1800+ scm thinking it was gonna go unchallanged to 3k looking cheap now time to buy some more on margin right.
 
two female cannibals were eating a male clown, they started at the feet.....after a while one said how ya going and the other said i'm having a ball and the first one said jee you eat fast.....

short .....looking for 1558 for a bounce on this current trounce.......

 
Joules MM1 said:
short .....looking for 1558 for a bounce on this current trounce.......

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closed at 1560.1 after we hit bid at 59.1 ........got a few in the chop and we'll chop into 68's i think before another attempt make a larger range........no buyers here, i think
 
Joules MM1 said:
closed at 1560.1 after we hit bid at 59.1 ........got a few in the chop and we'll chop into 68's i think before another attempt make a larger range........no buyers here, i think
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oops, almost pulled a perfect hindsight post
from managed funds chat room at comsec which i thought i had posted here
Joules mm1
14/5/2012 12:16:43 PM STO spot at 1586 stop 1587 downside targets 1566 to 1558
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I thought the punch line would be "Does this taste funny to you?"
 
VeryGreen said:
I thought the punch line would be "Does this taste funny to you?"
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a-ha ! :cup:

these two elephants walk into a bar followed by a priest, a giraffe and a cross-dressing lip-stick wearing crocodile ........the barman looks up and sez, this is a joke, right?
 
As expected, money going to US treasuries............waiting, waiting......

SAN FRANCISCO (MarketWatch) — Treasury prices climbed Monday, sending yields on 10-year notes to their lowest level of the year, as renewed worries about Greece’s political uncertainty encouraged traders to seek the safety of U.S. government debt.
Yields on 10-year notes 10_YEAR -3.79% slumped 7 basis points to 1.782%. A basis point is one one-hundredth of a percentage point.

Greek fears grip Europe

Attempts to form a government in Greece fail again, reigniting fears the country will be soon be forced out the euro zone. European stocks and the euro fall sharply. (Photo: AP)

Yields on 10-year notes hadn’t fallen below 1.80% on a closing basis since October, according to data from FactSet Research.
 
gold on the verge of a fast move here, towards the 1300's - assuming support goes
 
Edwood said:
gold on the verge of a fast move here, towards the 1300's - assuming support goes
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news out of euro goes from bad to worse yet gold continues to slide hate to think whats gonna happen when we finally start getting some good news.
 
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