The rally continues.

[matthalifax]

Gold keeps marching on! Single handly protesting the government in a way that would make Jefferson very, very proud!

 

[tpreitzel]

I'm pretty sure we're in record territory right at the moment... ~ $1360 with silver @ ~ $23.50

 

[matthalifax]

THIS IS AMAZING! I'm getting a straight line up on the graph!!!

 

[tpreitzel]

THIS IS AMAZING! I'm getting a straight line up on the graph!!!

up, up, and away !

I'm going to bed. Anybody want to bet on the price of these two commodities in $ by 8 AM EDT today ?

 

[matthalifax]

hahaha it's keeping me awake if it keeps going up at this rate i'll be up all night
you have much position in gold?

 

[tpreitzel]

hahaha it's keeping me awake if it keeps going up at this rate i'll be up all night
you have much position in gold?

Not currently. I hold some physical gold though, but never enough in these times. I originally started buying gold when the price was about $260 in 2001 or so. With the upcoming election, I'm a bit nervous speculating in precious metals...

Hope you make a financial killin' tonight! Good luck!

 

[matthalifax]

yeh i meant physical, i lost money speculating with leverage on the metals. Best to stick to physical.

 

[tpreitzel]

yeh i meant physical, i lost money speculating with leverage on the metals. Best to stick to physical.

Yep, leverage is a double-edged sword. Good luck and good night!

 

[Lafayette]

Hmmm...

Gold just dropped about $20 in less than an hour, but inching its way back up.
Someone trying to trigger panic selling?

 

[Original_Intent]

I was starting to freak out a little that there had not been any sell off.

 

[Seraphim]

This huge pull back (in silver) today was justified, short term it was over bought. It will probably consolodate a bit here and the go up again...down 56 cents in USD and 29 cents in CAD today...

http://www.kitcosilver.com/

I wouldn't be surprised to see 22$ silver in USD as the consolodation. From there I think a leg up to the 25 area is realistic.

 

[Pennsylvania]

None of this selling is based on anything substantial. Keep buying, keep holding.

 

[fatjohn]

Nah this is just making a base for a huge rally.
Remember Jim Sinclair sees gold at 1650 before 14 januari.
Silver could well reach 30 if he's true.

 

[teacherone]

Nah this is just making a base for a huge rally.
Remember Jim Sinclair sees gold at 1650 before 14 januari.
Silver could well reach 30 if he's true.

If Sinclair is calling high gold then it's time to sell baby!

 

[tpreitzel]

Honestly, I'm waiting for the dust to settle from this upcoming general election. At that point, I'll assess the likely immediate and longer term potential of the US dollar. I really do want to speculate some money in the currency and commodity markets in some form. We'll see.

Lastly, when I went to bed, I thought that precious metals might correct a bit as the business day got underway in the US.

 

[fatjohn]

If Sinclair is calling high gold then it's time to sell baby!

He's been calling it for like five years. You should sold your gold five years ago.:o