Gold @ $1,528

[Warlord]

I can see gold going up to its all time high's of $1800. If you look at the chart its now on an upward trajectory and may be heading to its 2012 all time high.

I'm definitely in the market for gold atm.

 

[oyarde]

Nice

 

[Warlord]

I'm buying Krugerands mostly. They come with very low premiums, very close to spot.

 

[Zippyjuan]

I can see gold going up to its all time high's of $1800. If you look at the chart its now on an upward trajectory and may be heading to its 2012 all time high.

I'm definitely in the market for gold atm.

$1895 was the record price- not $1800. And that was 2011- not 2012. It did hit $1800 in 2012- but that was not an all time high. Why do you think it may go to a record high? Will the economy go into recession (gold tends to move inverse to the economy- higher in bad times, lower in good times)?

 

[Warlord]

$1895 was the record price- not $1800. And that was 2011- not 2012. It did hit $1800 in 2012- but that was not an all time high. Why do you think it may go to a record high? Will the economy go into recession (gold tends to move inverse to the economy- higher in bad times, lower in good times)?

Sorry 2011.

I think its broken resistance and is on its way up. If it clears $1550 which is the 2 year high then we're definitely on our way.

 

[Zippyjuan]

Sorry 2011.

I think its broken resistance and is on its way up. If it clears $1550 which is the 2 year high then we're definitely on our way.

So you just looked at a line on a chart and assumed it must behave in a certain way- you don't actually have any reason for it to go up that much (25%).

 

[Warlord]

So you just looked at a line on a chart and assumed it must behave in a certain way- you don't actually have any reason for it to go up that much (25%).

Its broke the resistance is retracing upwards. That's just my view from the charts. Also there's a lot of QE and inflation so the gold price will eventually reflect that.

 

[Zippyjuan]

Its broke the resistance is retracing upwards. That's just my view from the charts. Also there's a lot of QE and inflation so the gold price will eventually reflect that.

What is the rate of inflation?

 

[oyarde]

1530 Gold is a bargain as cheap insurance on a 29K Dow.

 

[Brian4Liberty]

It is puzzling as to why everything seems to be going up at once. But here are two options:

1. Money on the sidelines is jumping in. A mania is developing.
2. Accelerated monetary inflation is resulting in accelerated asset price inflation.

As for option 1, don’t forget that the Wall St. brokerages know how much cash is sitting out there, and when that sidelines cash runs low, they will sell and start the panic selling.

 

[Zippyjuan]

 

[oyarde]

1540 Gold tonight , currently @ 1538.50

 

[Brian4Liberty]

1540 Gold tonight , currently @ 1538.50

Wait til tomorrow...

 

[oyarde]

Wait til tomorrow...

Trump orders strike killing Iranian Revolutionary Guard Quds General in Iraq planning attacks . Something like that ?

 

[Warlord]

That was timely. I bought some yesterday when it was 1527. It's already above the premium i paid so very happy with that.

I can see it breaking 1550 soon or later.

 

[oyarde]

Been as high as 1547.60 this morning .

 

[Warlord]

Been as high as 1547.60 this morning .

Resistance at 1550...

 

[oyarde]

Resistance at 1550...

1550.30 currently . Dow down 259 , silver 18.10 .

 

[Warlord]

This is a 2 year high oyarde and I reckon its on a run upwards over the next year or so back to the 2011 highs. We'll see.

 

[oyarde]

Late tonight Zippy will get out his gold and waller in it by the light of the moon .