LaoPo Posted April 11, 2006 Share Posted April 11, 2006 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 Link to comment Share on other sites More sharing options...
jumbo Posted April 12, 2006 Share Posted April 12, 2006 GOLD hits 25 year record. $ 600/ouncehttp://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 Link to comment Share on other sites More sharing options...
LaoPo Posted May 10, 2006 Author Share Posted May 10, 2006 (edited) "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 Link to comment Share on other sites More sharing options...
LivinLOS Posted May 11, 2006 Share Posted May 11, 2006 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.. Link to comment Share on other sites More sharing options...
LaoPo Posted May 11, 2006 Author Share Posted May 11, 2006 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 Link to comment Share on other sites More sharing options...
LivinLOS Posted May 11, 2006 Share Posted May 11, 2006 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.. Link to comment Share on other sites More sharing options...
LaoPo Posted May 11, 2006 Author Share Posted May 11, 2006 than you must be a happy man! Good for you. LaoPo Link to comment Share on other sites More sharing options...
ando Posted May 11, 2006 Share Posted May 11, 2006 Everything is going up at astonishing rates, -- gold, shares, property and cash. Something has got to give somewhere. Link to comment Share on other sites More sharing options...
LivinLOS Posted May 12, 2006 Share Posted May 12, 2006 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. Link to comment Share on other sites More sharing options...
LaoPo Posted May 12, 2006 Author Share Posted May 12, 2006 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 Link to comment Share on other sites More sharing options...
LivinLOS Posted May 12, 2006 Share Posted May 12, 2006 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.. Link to comment Share on other sites More sharing options...
LaoPo Posted June 17, 2006 Author Share Posted June 17, 2006 (edited) 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 Link to comment Share on other sites More sharing options...
westcoastnative Posted June 21, 2006 Share Posted June 21, 2006 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. Link to comment Share on other sites More sharing options...
cclub75 Posted June 21, 2006 Share Posted June 21, 2006 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. Link to comment Share on other sites More sharing options...
markydd Posted June 26, 2006 Share Posted June 26, 2006 (edited) if you are interested in investment you may be inerested in this also slidinvestmentreffer.rtf Edited June 26, 2006 by markydd Link to comment Share on other sites More sharing options...
LaoPo Posted June 26, 2006 Author Share Posted June 26, 2006 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 Link to comment Share on other sites More sharing options...
Gary A Posted June 26, 2006 Share Posted June 26, 2006 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. Link to comment Share on other sites More sharing options...
Phil Conners Posted June 26, 2006 Share Posted June 26, 2006 The Street today: Time to take your gold profits off the table: http://www.thestreet.com/_tscrss/markets/m...s/10293549.html Link to comment Share on other sites More sharing options...
cclub75 Posted June 26, 2006 Share Posted June 26, 2006 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. Link to comment Share on other sites More sharing options...
Mali_in_CM Posted June 29, 2006 Share Posted June 29, 2006 Any info on solidinvestment? Link to comment Share on other sites More sharing options...
LivinLOS Posted June 29, 2006 Share Posted June 29, 2006 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. Link to comment Share on other sites More sharing options...
Mali_in_CM Posted June 29, 2006 Share Posted June 29, 2006 I think you're right. As ever, if you can make money before the music stops... But who knows. Link to comment Share on other sites More sharing options...
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