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Gold Discussion

  • #241
  • Feb 21, 2007 12:15pm Feb 21, 2007 12:15pm
It's moving up very fast now, already 3.5% higher. The CPI-report meant more inflation than expected, and oilprices are also rising.
  • #242
  • Feb 22, 2007 4:00am Feb 22, 2007 4:00am
Gold is rushing upwards... some time later - big kick!! love gold!!
  • #243
  • Feb 22, 2007 9:07am Feb 22, 2007 9:07am
There are some big sellers around 683-685 for the time being. Gold should surge towards 710 right after these sellers' inventories are drained.
  • #244
  • Feb 23, 2007 7:11am Feb 23, 2007 7:11am
Quote
LONDON, Feb 23 (Reuters) - Rising security concerns, higher oil prices and inflation worries may propel gold prices towards $700 an ounce over the coming days, analysts said on Friday. Spot gold <XAU=> was higher at $676.70/$677.40 an ounce by 1120 GMT from $676.60/$677.30 late in New York on Thursday. Earlier this week the precious metal hit a nine-month high of $682.10 and since January 5 it has gained about 12 percent.

Traders expect initial resistance at $688.50, the highest since May 19 before the key psychological level of $700.
"It's not just oil, people are looking at geopolitical tensions as well," said Simon Weeks, director of bullion at ScotiaMocatta. "There are a lot of people buying into the commodity story."
Tensions between Iran and the United Nations and ongoing conflict in Iraq have helped boost gold, seen as a haven when security risks are rising.
....
  • #245
  • Feb 23, 2007 7:20am Feb 23, 2007 7:20am
Quoting theroller
There are some big sellers around 683-685 for the time being. Gold should surge towards 710 right after these sellers' inventories are drained.
Don't forget short sellers...It's not only a matter of inventory, it's a matter of short sellers backing off as well...


Thanks,

Nader
  • #246
  • Feb 24, 2007 10:37am Feb 24, 2007 10:37am
Quoting narafa
Don't forget short sellers...It's not only a matter of inventory, it's a matter of short sellers backing off as well...


Thanks,

Nader

Should have said it like: "inventories"
  • #247
  • Mar 4, 2007 3:39pm Mar 4, 2007 3:39pm
I would like to start the discussion on XAU/USD up again. There has been some action this past week in the stock market and in the JPY pairs. Gold has dropped over $40, and I am interested in what factors you guys, and girls, think are playing a role in the recent move with Gold?

Has anyone read any interesting articles on gold lately?
  • #248
  • Mar 4, 2007 4:43pm Mar 4, 2007 4:43pm
I don't do fundamentals but I think the drop will be short lived.

Usually when other markets are looking rough gold is a good choice so people buy, this pushes up the price.
  • #249
  • Mar 5, 2007 4:09am Mar 5, 2007 4:09am
I hope willf is right. But these days the goldprice seem to move with the other markets, not contrary to them. When the markets dropped previous year in may and june, gold also went down.

For interesting articles, see www.kitco.com
  • #250
  • Mar 5, 2007 1:31pm Mar 5, 2007 1:31pm
gold is still dropping like a stone...
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  • #251
  • Mar 6, 2007 9:32am Mar 6, 2007 9:32am
Quoting willf
I don't do fundamentals but I think the drop will be short lived.

Usually when other markets are looking rough gold is a good choice so people buy, this pushes up the price.
I know what you are saying. Its just not automatic Gold going higher when equities markets go lower.
  • #252
  • Mar 8, 2007 12:45am Mar 8, 2007 12:45am
Quoting Isotonic
gold is still dropping like a stone...

This is wat i was talking abt

love gold
  • #253
  • Mar 8, 2007 9:06am Mar 8, 2007 9:06am
GOLD will not go anywhere, substancial, till next month, guaranteed. Then up. Based upon perpriatory method.
  • #254
  • Mar 9, 2007 8:13am Mar 9, 2007 8:13am
Quoting jose
GOLD will not go anywhere, substancial, till next month, guaranteed. Then up. Based upon perpriatory method.
Will you cover my loses if you turn out to be wrong? Huh.

Didn't think so.

BTW you spell it proprietary.
  • #255
  • Mar 9, 2007 10:49am Mar 9, 2007 10:49am
Quoting jose
GOLD will not go anywhere, substancial, till next month, guaranteed. Then up. Based upon perpriatory method.
That's comforting, you guarantee it. ha ha ha. what does that really mean? I make a trade based on your proprietary method and if I lose, You pay me for my losses? No I don't think so, and that makes your "guarantee" hollow, worthless, meaningless, infantile, and rediculous.
  • #256
  • Mar 9, 2007 11:55am Mar 9, 2007 11:55am
Quoting FallOf43
That's comforting, you guarantee it. ha ha ha. what does that really mean? I make a trade based on your proprietary method and if I lose, You pay me for my losses? No I don't think so, and that makes your "guarantee" hollow, worthless, meaningless, infantile, and rediculous.
Take a chill pill dude
  • #257
  • Mar 10, 2007 10:22am Mar 10, 2007 10:22am
Quoting willf
Take a chill pill dude

he he
  • #258
  • Mar 13, 2007 3:59pm Mar 13, 2007 3:59pm
643 will hold?
its just money
  • #259
  • Mar 13, 2007 9:24pm Mar 13, 2007 9:24pm
Looks like Gold is at a crossroads. Which way?

Think we may know after close on wednesday.
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  • #260
  • Mar 14, 2007 4:35am Mar 14, 2007 4:35am
I'm long at 640.
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