Gold Through $960!

free4440273

Originally Posted by free4440273
Dollar index at all time low also :eek:

Jonbvn wrote: »

On a side note, oil is currently at $102/barrel. Fortunately, I have been on this rollcoaster for a while.

I wonder if this means that Dow futures will be UP again this morning:rolleyes:

purch

Struggling to find any managed funds in silver mining

You'll have to manage it yourself..

DIY is cheaper and more fun

mr_fishbulb

Just broken $975 briefly.
Silver approaching $20.

wombat42_2

mr_fishbulb wrote: »

Just broken $975 briefly.
Silver approaching $20.

Holy [EMAIL="Sh@t"]Sh£t[/EMAIL]

cloud_dog

What should also start (contunue for some) is that gold producers (especially mid-tier) sP should start to catch up as stocks have been lagging Gold slightly. :j

jon3001

quentinfarquar wrote: »

Struggling to find any managed funds in silver mining, and advice.

From what I've read there are very few dedicated silver mines. It's mainly a by-product of other mining operations such as those involved in copper and lead.

tawse57

The US markets are down on some rumours about not bailing out the monoline guys. If they do not then it is mad max territory.

roswell

The IMF havent sold thier gold yet though, does this mean when they do sell the price will go down ?

My thoughts are they have said they are going to sell this gives a heads up that there is going to be more supply, it would seem logical to me that if gold was better than cash in a crisis they would hold gold and sell cash ??

cloud_dog

roswell wrote: »

The IMF havent sold thier gold yet though, does this mean when they do sell the price will go down ?

Possibly. There is talk of willing buyers and the power cuts in S. Africa are seriously disrupting production.

What people need to realise is that the gold (commodities) market is such a small market compared to bonds, etc so if the real money starts flowwing in to Gold etc then prices could rocket. Again, there is a train of thought that the current run up in Gold is down to some large buyers in the market.

My thoughts are they have said they are going to sell this gives a heads up that there is going to be more supply, it would seem logical to me that if gold was better than cash in a crisis they would hold gold and sell cash ??

They really don't have much of an option (although I'm sure the consoiracy theorists would argue differently). They have a finance problem and need generate moey to cover costs (like anyone else). The one thing that does imply a willingness to try to stiffle the gold price is the mere fact that the US Government is not likely to veto the sale.

mr_fishbulb

Ooooh er! Almost back to $960 in 1 hour:

http://www.kitco.com/charts/livegold.html
http://www.kitco.com/charts/livesilver.html