Gold Hits 25 Year Record. $ 600/ounce

[LaoPo]

GOLD hits 25 year record. $ 600/ounce

http://www.miningweekly.co.za/min/news/today/?show=84378

""Gold, which has gained 16% this year and 41 percent in the past 12 months, touched $603 an ounce - its highest since December 1980 - before easing to $603,10/603,60 by 05:53 GMT. It was quoted at $598,80/599,60 in late New York trade on Monday.""

LaoPo

[jumbo]

GOLD hits 25 year record. $ 600/ounce

http://www.miningweekly.co.za/min/news/today/?show=84378

""Gold, which has gained 16% this year and 41 percent in the past 12 months, touched $603 an ounce - its highest since December 1980 - before easing to $603,10/603,60 by 05:53 GMT. It was quoted at $598,80/599,60 in late New York trade on Monday.""

LaoPo

Lao Pao

I bet its gone break a new record every month from now

J

[LaoPo]

"GOLD hits 25 year record. $ 600/ounce"

Old news now.

Gold hits the $ 700.--/ounce

http://www.miningweekly.co.za/min/sector/gold/?show=85812

and:

""Thurtell believes gold may go as high as $800 an ounce by year's end, while Moore said: "I think $1,000 is by no means an outrageous forecast." "

http://news.tradingcharts.com/futures/1/5/78567951.html

LaoPo

Edited May 10, 2006 by LaoPo

[LivinLOS]

And once you leverage those rises it really is a mad rush..

700 crossed and seems to have held.. 18+ % in the last 30 days..

[LaoPo]

And once you leverage those rises it really is a mad rush..

700 crossed and seems to have held.. 18+ % in the last 30 days..

Don't think it's a mad rush.

The demand (especially from countries like China and India) is still much larger than the supply. Besides that, 'gold' is a safe heaven in these turmoil times. People are also afraid what's to happen with the Middle East and Iran/Iraq in particular.

LaoPo

[LivinLOS]

Your singing to the chior.. I have been strongly betting on gold since high 300 USD prices..

What I meant was that with the leverage I have on gold prices the rapidly accelerating gold price seems to be working very fast..

[LaoPo]

than you must be a happy man! Good for you.

LaoPo

[ando]

Everything is going up at astonishing rates, -- gold, shares, property and cash. Something has got to give somewhere.

[LivinLOS]

Shares ?? Property ?? Cash ??

Dont know where your looking..

Whats Nasdaq YTD ?? 4% ?? 5% ??

Property.. The beggining of the end is happening in propery.. Foreclosures are up.. Interest rates are hurting.. The 'flippers' are getting burnt.. I think the tide has turned on real estate myself..

Cash ? Against real inflation running rampant cash looks to lose painfully... Saving in low interest safe investments are going to fight to maintain purchasing power.

[LaoPo]

Shares ?? Property ?? Cash ??

Dont know where your looking..

Whats Nasdaq YTD ?? 4% ?? 5% ??

Property.. The beggining of the end is happening in propery.. Foreclosures are up.. Interest rates are hurting.. The 'flippers' are getting burnt.. I think the tide has turned on real estate myself..

Cash ? Against real inflation running rampant cash looks to lose painfully... Saving in low interest safe investments are going to fight to maintain purchasing power.

Gold hits $ 725.-- in London today

"Gold dealers in London fixed a recommended price of US$725.75 at midmorning, up from US$719.20 late Thursday."

I agree, LivinLOS, about the real estate market...it's coming (downfall).

What do you mean by 'flippers'? US Dollars?

Curious: are you staying put in Gold?

LaoPo

[LivinLOS]

Flippers is not a term for PI girls its the term given to people who buy property purely on the basis of selling it on for capital gain (often on zero down interest only variable rate mortgates).. Not holding it or thinking of it as a home merely fliping it on for profit..

Am I staying in Gold ?? Well I think theres more chance of 1000 than 500.. I think theres a slim chance of 2k per ounce and 50 silver if certain conditions meet... Thats not a short term thing but a few years out.. So yes I am currently long gold..

However the last run from 600 - 725 has just been without pause.. I would expect a pullback and after the current run seeing a 50 USD down day would not shock me.. Of course I would prefer a consolidation but hey.. Also my gold holdings are paper bullion so they can be closed out very fast should I wish to.. I have taken profits many times so far on mining shares and traded them but the bullion is just security..

Interesting thing is its usually the March - June that gold does most poorly.. July and into the second half is when Gold really perfoms..

The way the world looks to me I cant see much room for people not wanting to hedge against global tensions, dollar weaknesses, and a less predictable future.. I think the markets seem to have underpriced global fear and theres plenty coming..

[LaoPo]

OK Gents.....since Gold hit the US $ 725,00 just over a month ago it's now down to well below the 600,00 line (again).

What's your opninion?

Is it going further down or will the new rally start within a few weeks?

read also this:

http://www.kitco.com/ind/Wiegand/jun162006.html

and:

http://www.miningweekly.co.za/min/news/today/?show=88019

LaoPo

Edited June 17, 2006 by LaoPo

[westcoastnative]

It will go back up if their are rumors of a military strike on Iran or more provacations from North Korea and their missle tests. Gold is always considered a safe haven.

[cclub75]

OK Gents.....since Gold hit the US $ 725,00 just over a month ago it's now down to well below the 600,00 line (again).

What's your opninion?

Is it going further down or will the new rally start within a few weeks?

Short term : I don't make a bet, I believe the market is too volatile with too many manipulations.

Long term : up.

As said, the rallye was non-stop, and very powerfull. So it's not shoking to see such a correction.

Ask yourself the real question : during this month, have imbalances of world finance changed ?

I would answer : no....

So eventually, i buy, i buy, i buy (physical gold). I like very much those 1 Bath small medals for instance.

When I'm looking those medals, I'm thinking of how much eggs I will be able to buy with them during the next world war.

I'm joking.

Anyway, i'm long on physical gold (only). And I don't really care to buy at 11 000 THB per Bath on monday, and 11 150 on thursday. Or the contrary.

[markydd]

if you are interested in investment you may be inerested in this also

slidinvestmentreffer.rtf

Edited June 26, 2006 by markydd

[LaoPo]

if you are interested in investment you may be inerested in this also

Hmmmmm...REALLY? sounds like an extremely dangerous and risky investment to me.

From the website, above:

You invest You receive daily:

$10 - $1,000 1.8%

$1,001 - $5,000 2.3%

$5,001 - 20,000 3%

$20,001 - ?? MORE

HIGHER PAYOUT RATES:

You invest You receive daily

$20K - $30K 3.2%

$30K - $50K 3.4%

$50K - 80K 3.6%

80K ? 100K 3.8%

Plus 0.2% if compounded.

100K+ 4.0% 5.0% if compounded.

LaoPo

[Gary A]

If it sounds too good to be true you can bet your sweet doot doot it is. Get rich quick schemes are normally only profitable to the shysters who start the schemes. The stock market was VERY good but if you stayed in too long you more than likely lost your profits already. There are NO get rich schemes and those that think there are will suffer.

[Phil Conners]

The Street today: Time to take your gold profits off the table:

http://www.thestreet.com/_tscrss/markets/m...s/10293549.html

[cclub75]

The Street today: Time to take your gold profits off the table:

Well... he gave only a advise of common sense : balance the portfolio, use part of the profit on gold to buy the "loosers" (other stocks for instance).

Not really a novelty.

[Mali_in_CM]

Any info on solidinvestment?

[LivinLOS]

Looks like a standard ponzi scam (HYIP is the PC term for it)..

As long as it is known to be a ponzi thats fair and fine.. Theres huge forums devoted to HYIP and ponzi's and plots of people play them like casino games.

[Mali_in_CM]

I think you're right.

As ever, if you can make money before the music stops...

But who knows.