if gold goes up today, things are starting to get serious

[matthalifax]

after going up nearly 5 percent yesterday if gold goes up another couple percent or more I think we are starting to see a serious rally.

I'm praying that the Gold Anti-Trust Action Committee is wrong about manipulation and that we won't see them manipulate back down. But I have my fears.

If it does go back down I hope it's just due to a sell-off etc. But I think we might be starting to see the huge demand that is being put on mints and refinery translating to the prices.

GO GOLD GO!

 

[hugolp]

after going up nearly 5 percent yesterday if gold goes up another couple percent or more I think we are starting to see a serious rally.

I'm praying that the Gold Anti-Trust Action Committee is wrong about manipulation and that we won't see them manipulate back down. But I have my fears.

If it does go back down I hope it's just due to a sell-off etc. But I think we might be starting to see the huge demand that is being put on mints and refinery translating to the prices.

GO GOLD GO!

I hope GATA is right and the banks come in to bring gold down. I want to buy some.

 

[matthalifax]

hahaha nooo I have too much invested in Gold for that right now. I think they will definitely try to bring it down whether they can outweight the massive demand globally will be interesting.

 

[hugolp]

hahaha nooo I have too much invested in Gold for that right now. I think they will definitely try to bring it down whether they can outweight the massive demand globally will be interesting.

Gold will go up sooner or later. It will happen. So it doesnt matter for you if prices go down for a week so the rest of up can buy a bit more.

 

[matthalifax]

yeah true look at this article http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/3526645/Citigroup-says-gold-could-rise-above-2000-next-year-as-world-unravels.html

but I just don't think your going to see Gold go down. The only way is probably the IMF they have 3000 tonnes of gold to sell but I hear that China might be making a private sale with them. They are apparently the biggest gold holder now. China's current interest in gold is soo promising. They only have like 1 percent of their foreign reserves in gold while the US has like 70 percent. If they even slightly increased their stake in gold which they are doing right now gold will skyrocket!!

 

[Mordan]

Gold will go up sooner or later. It will happen. So it doesnt matter for you if prices go down for a week so the rest of up can buy a bit more.

it matters if you have a highly leveraged long position with a small margin

 

[matthalifax]

exactly Mordan, thanks to leverage our economy is fucked. So my advice to people is buy the physical gold that you can see and hold it for the next year and so and don't even look at daily, monthly prices if you can resist hahah. Which i can never do but I'm not phased by dramatic fluctuations nonetheless.

 

[Mordan]

exactly Mordan, thanks to leverage our economy is fucked. So my advice to people is buy the physical gold that you can see and hold it for the next year and so and don't even look at daily, monthly prices if you can resist hahah. Which i can never do but I'm not phased by dramatic fluctuations nonetheless.

I totally agree with you. but my understanding is that I don't have enough money to profit from physical gold

 

[matthalifax]

agreed mordan so use leverage with small amounts of money good idea, i want to do this leverage thing how do I do it? what's a forex broker? how do i find one? what website do I go to?