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ekimdrachir
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« Reply #41 on: July 28, 2010, 06:46:02 PM » |
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shy69iskrazy
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« Reply #42 on: July 28, 2010, 07:56:49 PM » |
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Yeah, it's gonna go up but how much are the taxes again? Oh yeah, we won't really know until we make a transaction and file those 1099's.
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ekimdrachir
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« Reply #43 on: July 28, 2010, 09:16:31 PM » |
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Theyre having a really hard time keeping Gold down right now  SINGAPORE, July 29 (Reuters) - Gold rebounded on Thursday as the U.S. dollar weakened against other currencies but gains could be limited after holdings in the world's largest gold-backed ETF dropped to their weakest since early June.
FUNDAMENTALS
* Spot gold added $2.55 an ounce to $1,165.10 an ounce by 0051 GMT after falling as low as $1,156.90 on Wednesday, its weakest since late April.
* U.S. gold futures for August delivery rose $4.5 $1,164.9 an ounce.
* The world's largest gold-backed exchange-traded fund, SPDR Gold Trust , said its holdings fell to 1,282.279 tonnes by July 28 from 1,300.829 on July 27 -- their lowest since early June. The holdings hit a record at 1,320.436 tonnes on June 29. [GOL/SPDR]
MARKET NEWS
* The Nikkei fell 1 percent on Thursday as U.S. stocks slipped after weak durable goods figures and a downbeat assessment of the economy from the Fed's Beige Book kept the benchmark S&P 500 trapped below its 200-day moving average. [.T] [.N]
* The U.S. dollar eased towards three-month lows against a basket of currencies on Thursday, as fresh evidence of a patchy recovery in the U.S. led more investors to go short on the greenback. [USD/]
* U.S. crude futures were steady around $77 a barrel on Thursday after falling for a second day on a surprise build in crude oil inventories. [O/R]
DATA EVENTS
The following economic data is expected on Thursday
- Germany Unemployment rate sa Jul 0800 GMT
- EZ Business climate Jul 0900 GMT
- EZ Economic sentiment Jul 0900 GMT
- U.S. Initial jobless claims Weekly 1230 GMT |
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ekimdrachir
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« Reply #44 on: July 28, 2010, 09:20:21 PM » |
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GoldSilverCoins Public Gold vs. Private Gold – Why Bullion Buyers Need to Reconsider, Now http://bit.ly/3qcvqQ Also physical possession is a must |
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ekimdrachir
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« Reply #45 on: July 28, 2010, 09:23:34 PM » |
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JENin140 See Conversation @glennbeck RT @SavageNews: The Golden Witch Hunt: Left-Wing, Mainstream Media Target Gold Advertisers http://bit.ly/aQ0gkK #tcot GiftFlowers $5 Gold 1/10 oz. American Eagle at GovMint.com - Shop now! http://discountsdiscounts.com/govmint.com#128479dannyson1 I WANT MY MOUTH FILLED WITH GOLD coinscurrency 1856 Gold Dollar NGC MS60 Old Fat Holder FREE Ship&Ins*: US $359.77 (0 Bid) End Date: Wednesday Aug-04-2010 19:29:48… http://bit.ly/9lRf7bbrokerz_gold RT - #Humphreybo London Gold Market Report | Forex Info Center: Gold Stuck at 3-Month Low After Weak Long Liquidation |
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shy69iskrazy
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« Reply #46 on: July 28, 2010, 09:43:44 PM » |
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U r excited about $11? My point is that "they" make the rules every day all day and we have to abide by them. They don't have to play by the rules, but u bet ur sweet ass we do.
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ekimdrachir
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« Reply #47 on: July 28, 2010, 09:49:47 PM » |
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Not about $11, but that their manipulation doesn't work forever. Those sharp inclines and declines look like intentional trades to force the price elsewhere. If there were no manipulations, Gold might have risen quite sharply as that graph evidences.
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Letsbereal
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« Reply #49 on: September 14, 2010, 08:19:00 AM » |
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Yessssssssssssssssss New High In Gold 1268.05 now http://www.goldprice.org/spot-gold.htmlThe price reached a record $1,266.50 on June 21 TOPPING NOW
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Letsbereal
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« Reply #50 on: September 14, 2010, 08:37:51 AM » |
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OeeeeeeeeeeeeeeeeeeeHHHHHHHHH!!!! 1270 and still goinnnnnnnnnnnnng!!!!
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->>>|:-) THE CITY INDIANS (-:|<<<- |
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agentbluescreen
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« Reply #51 on: September 14, 2010, 08:47:18 AM » |
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OeeeeeeeeeeeeeeeeeeeHHHHHHHHH!!!! 1270 and still goinnnnnnnnnnnnng!!!!
This is definitely more than the traditional back from holiday surge, could it be that China have heeded Li Delin's advice? A serious physical drought would be sure to ensue... |
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agentbluescreen
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« Reply #52 on: September 14, 2010, 09:06:55 AM » |
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While I sympathize with the glee of gold-possessors this is a very bad last Poker hand "bluff" that the entire A/E/EU Empire is about to lose badly. Also remember that India's traditionally huge winter physical-buying spree also lurks on the near-horizon.
Only a handful of countries might escape unscathed, and even so, they would have to devalue anyways to remain competitive.
Odd graph today, the usual (10: AM EST) London close/NYNEX collaborative price fixing scam didn't work
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Letsbereal
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« Reply #53 on: September 14, 2010, 09:37:25 AM » |
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Stocks Are Snoozing, But Yen And Gold Action Shows The Real Panic Behind The Scenes
14 September 2010, by Joe Weisenthal (Business Insider) http://www.businessinsider.com/stocks-are-snoozing-but-yen-and-gold-action-shows-the-real-panic-behind-the-scenes-2010-9Excerpt:Stocks are flat on the day. Fine, there's no news, and the bulls have had a nice run, so it's not a big deal one way or another. But behind the scenes it's panic. We already mentioned the gold spike. It's now at $1271.35Meanwhile the yen, which surged last night, just keeps crushing the dollar. It's almost too painful to watch. We're in the free bee zone now Folks! 1274.20 !!!!!!!!!
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Letsbereal
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« Reply #54 on: September 14, 2010, 10:14:10 AM » |
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New High (for the moment) 1274.30
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Letsbereal
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« Reply #57 on: September 16, 2010, 07:26:58 AM » |
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New Gold All Time High (for the moment) at 1277.39
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Letsbereal
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« Reply #58 on: September 16, 2010, 08:07:14 AM » |
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Letsbereal
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« Reply #59 on: September 16, 2010, 09:25:04 AM » |
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Analysis: To beat inflation or deflation, investors seek gold
16 September 2010, by Amanda Cooper (Reuters) http://www.reuters.com/article/idUSTRE68F37R20100916Excerpt:In nominal terms, the price of gold has more than tripled in the last 20 years, to around $1,270 an ounce, from roughly $400 an ounce in 1990. Adjusted for inflation however, the price has risen by some 70% in that time, so in 1990′s money, today’s gold price is only worth about $700.
This means that there is enough room for gold to rise.---- "It's been a great performer over the last ten years and now it's properly valued and accepted and part of society. Gold before was a bit of a pariah, one of these barbaric relics that no one understood and no one needed and that's now changed."
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Tokiem
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« Reply #60 on: September 16, 2010, 09:28:19 AM » |
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Is gold half full and the dollar half empty, or is it that gold has worth and the dollar is near worthless?
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Samuel Clemens, aka Mark Twain, was a famous speaker and humorist but he saw nothing funny about the imperial policy of the US. One of his concerns was that in implementing its imperial policies claiming to civilize the backward peoples of the world the US would itself indulge in acts of barbarism.
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agentbluescreen
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« Reply #61 on: September 16, 2010, 11:13:42 AM » |
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"money" can be backed by anything...gold, silver, shells, beads, bread, fish, paper, literally anything. "who controls the quantity" is whats is important, not what its backed by.
gold is worth 1100/z right now because the market is heavily manipulated, lol. the oligarchy will crash the gold market, just like the stock and housing markets. suckahs.
If was preparing for Armageddon, I would be stockpiling cigarettes and booze. Those will be worth more than their weight in gold once the store shelves empty out. maybe i shoulda said, "you cant smoke or do shots of gold"
It is not a question of who "controls the quantity" of a currency, so much as it is the critical matter of who OWNS and USURES it. for their own unending and solely ever re-concentrating benefit. Ordering-up ever more (even privately owned) fiat currency (quantitative monetary "easing") simply devalues the rest of it, still outstanding. Food, booze, drugs and tobacco are plentiful and easily produced (grown) endlessly renewable and replaceable consumable self regenerative and recyclable effectively "infinite" un-own-able resources (aside from Monsanto). All that matters about them is their labor cost and locales of production, processing and distribution. The laws of labor supply and labor demand will always regulate their currency-market values. If all the highly regulated and taxed breweries on earth were shut down booze would still be around, since people would just make it themselves and sell it more cheaply. The same goes for foodstuffs, they will only ever command the price that the market will bear. Tobacco is practically a weed, all it needs is rain and dirt to replenish itself. Of course labor, prepared or fresh food and lodging are actually spendable "currency" in and of themselves, but they cannot be saved nor command an actual guarantee-ably escalating (appreciating) replacement value, they can easily be depreciated in times of plenty. Clean potable water, petroleum and gold (and especially other rare mineral) "reserves" are finite, owned resources. They cannot be man made, and their (actual common) worth values are always thus proportional to the size of the demanding-population (it's growth) and it's supporting "labor-currency" in relation to their ever-dwindling (proportionally smaller-by-division) actual "commodity"... (actually meaning their "relative rarity" or "common"-ality). Where gold and human population stand today if you have less than something like an ounce of it, you have less than your share of it. What hat means where comparable finite "commodities" of similar rarity but more (or less) utility are concerned is of course another matter. What matters most is that the people who own private currencies now more desperately than ever before want it, for themselves, to sustain their privately owned currency monopolies.. In a growing world it's not who owns and controls the demand for any given commodity (including money) that establishes it's transitory "currency value" it's how many "who's" whom own and control the demand for a finite commodity that establishes that non-fiat thing's un-depreciable "currency value". The Mona Lisa is the prime example of a finite commodity that will never be a "fiat currency", gold and silver are simply more populist and utilitarian examples of this sort of a truly "reserved measure of relativistic values". Is gold half full and the dollar half empty, or is it that gold has worth and the dollar is near worthless?
Gold is just another prime example of a non fiat, limited resource "currency", as such it is merely a "canary in the coal mine" but always beware, since there are plenty of other such "limited resource currencies" as well. Should gold (and it's other precious metal partners alone) become the only one(s) of these commodities who's currency are moving upwards, something else (other than relativistically predictable inflation) may well be afoot. |
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ekimdrachir
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« Reply #62 on: September 16, 2010, 12:48:29 PM » |
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Letsbereal
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« Reply #63 on: September 16, 2010, 12:56:20 PM » |
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Important Graph: Inflation Adjusted Gold Greenspan’s Warning on Gold
15 September 2010, (The New York Sun) http://www.nysun.com/editorials/greenspans-warning-on-gold/87080Hinde Capital On Gold Wars And A Golden Renaissance
14 September 2010, by Tyler Durden (Zero Hedge) http://www.zerohedge.com/article/hinde-capital-gold-wars-and-golden-renaissanceIMF report to boost gold demand
11 September 2010, by Geena Paul (CommodityOnline) http://www.commodityonline.com/news/IMF-report-to-boost-gold-demand-31654-3-1.htmlBangladesh to buy 10 tonnes gold from IMF
11 September 2010, (CommodityOnline) http://www.commodityonline.com/news/Bangladesh-to-buy-10-tonnes-gold-from-IMF-31645-3-1.htmlUS gold ends down with yen, ECB gold sale awaited
10 September 2010, (Reuters) http://af.reuters.com/article/metalsNews/idAFN1056157020100910'Gold is the best asset class to be in'
10 September 2010, by Richard Evans (Telegraph.UK) http://www.telegraph.co.uk/finance/personalfinance/investing/gold/7995084/Gold-is-the-best-asset-class-to-be-in.htmlAre banksters creating gold price bubble?
9 September 2010, by Stewart Thomson (CommodityOnline) http://www.commodityonline.com/news/Are-banksters-creating-gold-price-bubble-31637-2-1.htmlGold futures climb past $1,260 on Globex
8 September 2010, by Myra P. Saefong (MarketWatch) http://www.marketwatch.com/story/gold-futures-climb-past-1260-on-globex-2010-09-08Will economic recovery be a cause for Gold price fall?
8 September 2010, by Julian D.W. Phillips (CommodityOnline) http://www.commodityonline.com/news/Will-economic-recovery-be-a-cause-for-Gold-price-fall-31573-3-1.htmlStocks, Irish Bonds Drop, Gold, Yen Rally on Europe Concern
7 September 2010, by Rita Nazareth and Elizabeth Stanton (Business week) http://www.businessweek.com/news/2010-09-07/stocks-irish-bonds-drop-gold-yen-rally-on-europe-concern.htmlBurry, Predictor of Mortgage Collapse, Bets on Farmland, Gold
7 september 2010, by Jon Erlichman and Dakin Campbell (Bloomberg) http://www.bloomberg.com/news/2010-09-07/michael-burry-predictor-of-mortgage-collapse-bets-on-farmland-and-gold.htmlGold & Silver Trading Biggest Scam in History Financial Armageddon Could Result
6 September 2010, by Tom Pappalardo (The Huffington Post) http://www.huffingtonpost.com/tom-pappalardo/gold-silver-trading-bigge_b_706594.htmlDeutsche Bank's Brebner Sees Gold at 2011 High of $1,550 Vid http://www.youtube.com/watch?v=oxSv_PHiQwEAlan Greenspan: Hedge Against the Federal Reserve and Buy Gold
6 September 2010, (Economic Policy Journal) http://www.economicpolicyjournal.com/2010/09/alan-greenspan-hedge-against-federal.htmlExclusive: The Paulson Portfolio Post-Mortem (In Which We Learn That The Maestro Himself Is Advising J.P. On Future Gold Prices)
5 September 2010, by Tyler Durden (Zero Hedge) http://www.zerohedge.com/article/exclusive-paulson-portfolio-post-mortem-which-we-learn-maestro-himself-advising-jp-future-goGold Advances to Two-Month High on Haven Demand Amid Global Equity Slump
31 August 2010, by Pham-Duy Nguyen (Bloomberg) http://www.bloomberg.com/news/2010-08-31/gold-advances-most-in-two-weeks-on-haven-demand-amid-global-equity-slump.htmlGold Rallying to $1,500 as Soros's Bubble Inflates
31 August 2010, by Nicholas Larkin (Bloomberg) http://www.bloomberg.com/news/2010-08-30/gold-rallying-to-1-500-for-analysts-as-soros-s-bubble-inflates.htmlMcGhee Sees New Highs for Gold Before Year End Vid http://www.youtube.com/watch?v=JQ1qsSlJJjsChina's gold demand surges 26% in Q2: WGC
26 August 2010, (China Daily - Asia One News) http://news.asiaone.com/News/Latest%2BNews/Asia/Story/A1Story20100826-234057.htmlDemand for gold surges 36% in the second quarter
25 August 2010, by Claudia Assis (MarketWatch) http://www.marketwatch.com/story/demand-for-gold-rises-36-in-the-second-quarter-2010-08-25Gold Spikes As World Gold Council Says Gold Demand Surges 36% In Q2, Sees Ongoing Demand Out Of China And Europe
25 August 2010, by Tyler Durden (Zero Hedge) http://www.zerohedge.com/article/gold-spikes-world-gold-council-says-gold-demand-surges-36-q2-sees-ongoing-demand-out-china-aRussian Gold Rush
23 august 2010, by Investment Rarities (Silver and Gold Coin Blog) http://silverandgoldcoinblog.com/2010/08/23/russias-gold-rush/Goldman Tells Its "Special" Clients To Sell Gold Even As It Raises Its Price Target On The Shiny Metal
18 August 2010, by Tyler durden (Zero Hedge) http://www.bloomberg.com/news/2010-08-23/housing-slide-in-u-s-may-drag-economy-into-recession-as-foreclosures-rise.htmlGold flourishes on China move
4 August 2010, (CommodityOnline) http://www.commodityonline.com/news/Gold-flourishes-on-China-move-30645-3-1.htmlDeciphering the BIS gold swap
29 July 2010, by James Turk (Free Gold Money Report) http://www.fgmr.com/deciphering-the-bis-gold-swap.htmlGold Daily Chart; Shock and Awe for Comex Option Expiration
27 July 2010, (Jesse's Café Américain) http://jessescrossroadscafe.blogspot.com/2010/07/gold-daily-chart-shock-and-awe-for.htmlLBMA Closes Off Public Access To Key Bullion Bank Trading Data
25 July 2010, by Tyler Durden (Zero Hedge) http://www.zerohedge.com/article/lbma-closes-public-access-key-bullion-bank-trading-dataBullion buyers bank on gold coins - Precious metal glitters for investors seeking to hedge financial chaos
23 July 2010, by Claudia Assis (MarketWatch) http://www.marketwatch.com/story/bullion-buyers-bank-on-gold-coins-2010-07-23?pagenumber=1Production Shortfall on gold market growing
22 July 2010, by Willem Middelkoop (Willem Middelkoop's Goud) (google trans from Dutch) http://tinyurl.com/2eqecllhttp://translate.googleusercontent.com/translate_c?hl=en&ie=UTF-8&sl=nl&tl=en&u=http://www.goud.com/willem-middelkoop-column.html&rurl=translate.google.com&twu=1&usg=ALkJrhibPTF52mzIpiLm03BRArcv8nvRhQExcerpt:Interesting question from the Dutch financial Guru and gold seller Willem Middelkoop: Gold production has been declining for years now and the demand is huge. Why doesn’t the gold price explode? The total gold demand during the quarter amounted to 1050 tons. On an annual basis this would amount to 4200 tonnes. The gold production has been declining for years now and this year is estimated at no more than 2300 tonnes. This results in a production deficit of 1900 tons! So, why doesn’t the gold price explode? Gold is bullish despite the recent fall: Jeff Nichols
21 July 2010, (CommodityOnline) http://www.commodityonline.com/news/Gold-is-bullish-despite-the-recent-fall-Jeff-Nichols-30183-3-1.htmlRussia's Reserves in Gold Increased by 6.2 Tonnes of Gold
20 July 2010, (Harvey Organ's - The Daily Gold) http://harveyorgan.blogspot.com/2010/07/commentary-july-202010.html'Abolish Comex paper gold. Go for physical gold'
19 July 2010, by Dan Norcini (CommidityOnline) http://www.commodityonline.com/news/Abolish-Comex-paper-gold-Go-for-physical-gold-30103-3-1.htmlChina Gold output surges to 127.34 tons in Jan-May
19 July 2010, (CommodityOnline) http://www.commodityonline.com/news/China-Gold-output-surges-to-12734-tons-in-Jan-May-30133-3-1.htmlGold Daily and Weekly Charts; Silver Weekly Chart; Bernanke's Bluff; Endgame
19 July 2010, (Jesse's Café Américain) http://jessescrossroadscafe.blogspot.com/2010/07/gold-daily-and-weekly-charts-silver.htmlTop Chinese Economists Call For Government To Ditch U.S. Treasuries And Buy Gold
19 July 2010, by Vincent Fernando (Business Insider) http://www.businessinsider.com/top-chinese-economist-calls-for-government-to-ditch-us-treasuries-and-buy-gold-2010-7#ixzz0u95KdFW8China should cut U.S. Treasury holdings: economist
18 July 2010, (Reuters) http://www.reuters.com/article/idUSTRE66I05U20100719India to import 550 tonnes gold in 2010
16 July 2010, (IBT Commodities) http://uk.ibtimes.com/articles/20100716/india-import-550-tonnes-gold.htmGoldman Sachs lifts gold forecast to $1,355/ounce
15 July 2010, by Matthew Walls (MarketWatch) http://www.marketwatch.com/story/goldman-sachs-lifts-gold-forecast-to-1355ounce-2010-07-15Jim Rickards - China, Gold, CNBC & Wilbur Ross
Watch Vid: http://www.cnbc.com/id/15840232?video=1543680832&play=1Jim Rickards for King World News – July 14, 2010http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2010/7/14_Jim_Rickards_-_China%2C_Gold%2C_CNBC_%26_Wilbur_Ross.htmlGold futures rise to highest point in two weeks - Silver rides on gold's coattails to gain more than 2%
13 July 2010, by Cynthia Lin and Claudia Assis (MarketWatch) http://www.marketwatch.com/story/gold-futures-rebound-on-physical-interest-2010-07-13The insiders’ favorite gold mine – The gold stock the smart money is buying
13 July 2010, by Brett Arends (WSJ.com and MarketWatch) http://www.marketwatch.com/story/the-gold-stock-the-smart-money-is-buying-2010-07-13?pagenumber=1BIS gold swap signifies a threat to Europe, not to gold
13 July 2010, by Michael J. Kosares (24hGold) http://www.24hgold.com/english/contributor.aspx?contributor=Michael%20J.%20Kosares&article=3005836072G10020Are The World's Biggest Gold Bulls Hoping To Blow A Fast Bubble, While Hedging Against A Collapse?
12 July 2010, by Vincent Fernando (Business Insider) http://www.businessinsider.com/gold-contango-liquidation-2010-7Secret gold swap has spooked the market
11 July 2010, by Garry White and Rowena Mason (Telegraph.UK) http://www.telegraph.co.uk/finance/markets/7884272/Secret-gold-swap-has-spooked-the-market.htmlBullish Money Flows in Gold
10 July 2010, by Jim Sinclair (Jim Sinclair's Mineset) http://jsmineset.com/2010/07/10/jims-mailbox-484/Gold - the catastrophe hedge- Stansberry
10 July 2010, by The Gold Report (Mineweb) http://global.commodityonline.com/newsdetailslink.php?url=http://www.mineweb.com/mineweb/view/mineweb/en/page103855?oid=107745&sn=DetailHedge funds look for a golden edge
9 July 2010, by Sam Jones and Jack Farchy (The Financial Times) http://www.ft.com/cms/s/0/f1b2691e-8b80-11df-ab4d-00144feab49a.html?ftcamp=rssCentral banks’ gold with BIS?
7 July 2010, (CommodityOnline) http://www.commodityonline.com/news/Central-banks%E2%80%99-gold-with-BIS-29758-3-1.htmlGold in short supply, prices can go parabolic
6 July 2010, by Arnold Bock (CommodityOnline) http://www.commodityonline.com/news/Gold-in-short-supply-prices-can-go-parabolic-29710-3-1.htmlEuropean banks use gold reserves to raise cash
6 july 2010, by Jack Farchy in London (The Financial Times) http://www.ft.com/cms/s/0/e3ed5836-8949-11df-8ecd-00144feab49a.htmlHistorical Silver: Gold Ratio Suggests Parabolic Top For Silver of Over $100 per Ounce!
6 July 2010, by Lorimer Wilson (Kitco) http://www.kitco.com/ind/Wilson/july062010.htmlGold May Climb After Biggest Decline in Week on Economic Woes
29 June 2010, by Kim Kyoungwha and Sungwoo Park (Bloomberg) http://noir.bloomberg.com/apps/news?pid=20601116&sid=aMe.A2x2TkgYSecond Gold Price Intervention In An Hour
28 June 2010, by Tyler Durden (Zero Hedge) http://www.zerohedge.com/article/second-gold-price-intervention-hour
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agentbluescreen
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« Reply #64 on: September 16, 2010, 01:41:31 PM » |
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George Soros thinks Gold is a bubble, but the big banks even admit  "Beware staring too long into the abyss, for after a while it stares back into you" ~~Mark Twain In the final analysis gold is only "worth" the amount of "paper" someone is willing or forced to accept to part with it. |
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Viper
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« Reply #65 on: September 16, 2010, 01:59:59 PM » |
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George Soros thinks Gold is a bubble, but the big banks even admit
Thanks ekim, that was an awesome photobomb there.  |
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Letsbereal
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« Reply #66 on: September 16, 2010, 02:01:32 PM » |
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"Beware staring too long into the abyss, for after a while it stares back into you"
~~Mark Twain
In the final analysis gold is only "worth" the amount of "paper" someone is willing or forced to accept to part with it.
You still don't get it. In times of distress (Like in WOII for instance) paper money is non existend. Gold is the only money left. If this system collapses, which it eventually will there is no paper money anymore. However food, fine shoes, boots and clothing will be equaly and maybe even more important than gold but at least people are willing to except it as money. |
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Letsbereal
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« Reply #67 on: September 17, 2010, 01:49:51 AM » |
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Yesssssss New All Time High (For the moment) 1282.50 Yeaaaaaeeeeehhhhhh!
We’re in the free bee zone now Folks broken the 1280 resistance aaaahhhhh!!
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« Reply #68 on: September 17, 2010, 02:22:51 AM » |
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Sprott Raises Capital To Buy Another 6 Tons ($250 Million Worth) Of Gold
16 September 2010, by Tyler Durden (Zero Hedge) http://www.zerohedge.com/article/sprott-raises-capital-buy-another-6-tons-250-million-worth-goldExcerpt:The wholesale demand for physical gold continues without reprieve, as the Sprott Physical Gold Trust (PHYS) has just announced it will sell another 22 million units. Use of proceeds: "The Trust will use the net proceeds of this offering to acquire London Good Delivery physical gold bullion in accordance with its objective and subject to the investment and operating restrictions described in the Preliminary Base Prep Prospectus." Somehow we are confident that Sprott, when determining the pent up demand for this trust, is fully aware that gold is not very edible, if at all.
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stangrof
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« Reply #71 on: September 17, 2010, 03:46:13 AM » |
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1282$!! 09/17/2010 11H 45 AM
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Most people are other people. Their thoughts are someone elses opinions, their lives a mimicry, their passions a quotation.
Oscar Wild
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Letsbereal
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« Reply #73 on: September 17, 2010, 05:10:57 PM » |
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"Keep your f**kin Cash to Lay in Your Panties" : Brad Neely http://www.youtube.com/watch?v=_qO66Rmi1MwMonetary easing fears lift gold to record high
17 September 2010, by Javier Blas (The Financial Times) http://www.ft.com/cms/s/0/1fcc41a8-c28b-11df-956e-00144feab49a.html?ftcamp=rssExcerpt:Spot bullion hit on Friday a nominal record of $1,282.75 a troy ounce in London.
The Gold rally was helped by: - Central banks are prepared to begin a new round of quantitative easing. - Bullish comments from leading gold miners. AngloGold Ashanti said it planned to wind up its forwards sales, a bet that high prices are here to stay. - Signs that central banks are net buyers of gold after two decades of net selling, Michael Lewis, head of commodities research at Deutsche Bank, said the rally had “further to run”, forecasting that bullion could hit $1,600 an ounce in two years, “given favourable interest rate and exchange rate trends and the appearance of new sources of demand for gold from both the private and public sectors”. It has gained 17% this year, extending a decade-long rally. But adjusted for inflation gold prices are a long way from a high set in 1980.
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« Reply #74 on: September 17, 2010, 07:38:07 PM » |
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Bob Chapman just made a Gold Call for $1,300 troy ounce whitin 3 weeks on the AJS.“It’s gonna go right trough $1300 like it wasn’t there” within the next three weeks.” says Bob ChapmanThe Alex Jones Show Fri 09.17.2010 part-14 http://www.youtube.com/watch?v=dy2qxggASIYThe Alex Jones Show Fri 09.17.2010 part-15 ($1300 Call at 3:30 Min) http://www.youtube.com/watch?v=GJpeJAomFZsOK. Said Ted Anderson but that $1300 is only $20 away from the last high so is this could even be a conservative number.The Alex Jones Show Fri 09.17.2010 part-16 http://www.youtube.com/watch?v=HpbxlPDwzFo
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« Reply #75 on: September 17, 2010, 07:57:44 PM » |
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OK. Said Ted Anderson but that $1300 is only $20 away from the last high so is this could even be a conservative number.
The Alex Jones Show Fri 09.17.2010 part-16 (Ted Anderson Quote at 4:15 min)http://www.youtube.com/watch?v=HpbxlPDwzFo |
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« Reply #77 on: September 17, 2010, 09:18:00 PM » |
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phosphene
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« Reply #78 on: September 18, 2010, 05:50:55 PM » |
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1/2oz gold coins with $25 face value. LOL! Talk about flaunting the market manipulation in your face.  |
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"A strange game. The only winning move is not to play."--Joshua
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