Gold Spot Jumped this AM

[gonegolfin]

I guess i'm saying that if the gold rally is for real gold should blow right pass platinum, i agree plat will drop because of cat conv demand.

I think we need to see gold hold $890 today.

Best gold charts on the net is "USA GOLD" site

Yes, we need to see Gold close (on a daily basis) above the critical resistance level of $888 -> $890 and hold it over the next several trading days.

Brian

 

[hugolp]

Its seems like gold is going to end $900. +42 today

 

[fatjohn]

If gold in a few months makes a 40+ move from below 1000 to an all time high of more then 1030 then i suspect that there could be a huge one day rally.

 

[Arklatex]

GOLD ended higher by 4.67%

GOLD MINERS ended up 8.52%


I think over the long term miners will be at a ratio more than 2x even.

 

[misericordia]

Yes but how will you sell your piece of a mine when all the pretty paper burns?

 

[ILUVRP]

With gold at around $900, if it can hold above $890 for about a week it would be very positive.

I would think that about 75& of the Gold contracts that are short are losing money now.

I would think they would not take too much heat and start to cover in a big way. The charts are turning against them . The fundamentals have been against them for about 6 months.

I guess it depends on how deep their pockets are. Big banks have very deep pockets.

Just remember for every long gold contract there is a short contract. Things are turning our way fast.

As far as miners go I would stay with North American miners that have great balance sheets ( lots of cash / little debt ) & producing gold.

" A GOLD MINE IS A HOLE IN THE GROUND WITH A LIER STANDING BESIDE IT "

 

[matthalifax]

seveneyedjeff you are nuts!

if you wait till august this year to buy your gold you are crazy period.
The economy is most likely gonna start crashing in a few months even citigroup is predicting gold will be above 2000 dollars by the end of the year.

get your gold now or miss out