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Gold Through $960!

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  • purch
    purch Posts: 9,865 Forumite
    Thats tradin'

    You need Bal*s of Steel :eek: to trade the Spot Markets
    'In nature, there are neither rewards nor punishments - there are Consequences.'
  • wombat42_2
    wombat42_2 Posts: 1,312 Forumite
    GOLD AND AGRICULTURE ROCK :p :j
  • wombat42_2
    wombat42_2 Posts: 1,312 Forumite
    jackdoor wrote: »
    If that's an advert I'll buy a stick! :rotfl:

    The word on the street is that the Gold dip is a temporary profit taking dip. $1000 anytime now.
  • munk
    munk Posts: 993 Forumite
    lol word on street. Wombie have you dropped commodities yet I need to know whether to do same yet or not...? :p

    Read something on 'street' this morning re gold profit taking, maybe you read same thing?

    Gold Primed for Assault on $1,000?

    Also in last few hours:
    Gold Market Overheated, Brisk Selling In India
  • TRUSt_NO_1_2
    TRUSt_NO_1_2 Posts: 342 Forumite
    right now...
    Silver or Gold junior or mid-tier mining stocks.
    Pick a company going into production soon or already producing in a safe geopolitical region

    There are hundreds to choose from...at bargain prices on the Canadian TSX
    (which is where I trade)
    Get a dartboard...right now it is almost that easy.
    Don't be late for the party..there is a LOT more to come.
    Plus buy some chunky STERLING SILVER jewellry or silver bars,or 99.999 gold ingots just to add fuel to the fire.Look at spot prices (the cost for metal itself with no fabrication costs ) on Kitco.com to get an idea of how much to pay.

    Then sit back and wait( maybe a year or three) to sell when you're happy with your profit.
    BUT DON'T GET GREEDY.
    SILVER IS EXPLODING IN VALUE (UP OVER 30% IN 9 WEEKS),AIDED BY GOLD GOING UP BIG TIME.
  • cloud_dog
    cloud_dog Posts: 6,322 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Nice article for those interested:

    "What Happens When Gold Breaks $1,000?"

    http://moneynews.newsmax.com/money/archives/articles/2008/3/5/151331.cfm?s=mnm
    Personal Responsibility - Sad but True :D

    Sometimes.... I am like a dog with a bone
  • wombat42_2
    wombat42_2 Posts: 1,312 Forumite
    munk wrote: »
    lol word on street. Wombie have you dropped commodities yet I need to know whether to do same yet or not...? :p

    Read something on 'street' this morning re gold profit taking, maybe you read same thing?

    Gold Primed for Assault on $1,000?

    Also in last few hours:
    Gold Market Overheated, Brisk Selling In India

    I am into Commodites big time now. A mixture of MFM IFunds Commodity fund, Agriculture ETF, and Meryl Lynch Gold and General. It is commonly believed that Agri commods have legs as Agri only started to boom recently while metals etc have been booming for about 4 years.
  • wombat42_2
    wombat42_2 Posts: 1,312 Forumite
    wombat42 wrote: »
    The word on the street is that the Gold dip is a temporary profit taking dip. $1000 anytime now.

    I am obviously clairvoyant :D:D:D
  • GOLD is likely to reach at least $1100 this year - It might even peak at around $1200... Trouble is this party isn't going to last for ever. Sentiment can change over night; and it will. I wouldn't buy at current prices.

    Silver's the one to watch now...;)

    Goldfinger.
  • roswell
    roswell Posts: 2,447 Forumite
    If this part of the article didnt spell bubble i dont know what does

    ""It was less than two years ago, in April 2006, that gold bullion nudged above $600 for the first time in a quarter century""

    I dont have any interest in gold, have some silver but dont believe in ramping, my opinion is that anyone that bought between $500 and $800 will look to take the proffits when it hits $1000 and from then it will be a downward trip, I hope im proved wrong.
    If it doesnt pay rent sell it.
    Mortgage - £2,000
    Updated - November 2012
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