GOLD BULLS...........ROARING AGAIN?
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Quote:apparently, the market
Originally posted by ashedfc
who says so
You could just as easily say check the value of gold in Argentinian pesos
Or, in term of real commodities....how about soy futures or how about pok belly futures?
the only currency that matters is the US$.
you recall how the Bank of England unleashed massive stimulus as few weeks ago?
what happened? gold barely budged.
Swiss Central Bank did the same....no change.
I think gold has gotten too far ahead of itself
Location: God's own country
Posted on: 01-11-11 02:52:54
Guys,
Any direction on Gold price?
I am contemplating buying Gold as Diwali is past and the price of Gold is expected to touch a new recent low soon (may be in a month).
Now that the Euro mess is sort of sorted out, will it increase or decrese the Gold price after a month?
Peace
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I am a Gents and not a Ladies.
Market seems to have matured...somewhat like oil. My take, it will be in this range between $1625 to $1750 for quite sometime..Buy in bulk if you see the price goes below $1550 and sell it like anything if it goes above $1900. If you are buying it for long term...like for children's marriages down the road...then buy it slow n steady..like 1 tola every 3 months no matter what the price is. Good luck.
(wow..so easy to preach!).
I think greece Govt decesion for refrendum on EU bailout package might help gold prices to rise
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infocan
it is one of the many of earth's metals............only non corrosive...........why we attach so much importance to it.......?
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Non illigitamus carborundum
Location: God's own country
Posted on: 02-11-11 05:17:06
Heard from my mentor that Gold will come down to $ 1600 to 16550 and not more. So time to load up when it is $ 1600 or below.
So I will wait . Now again as the Euro crisis is exploding again, in short term it may be good to load up (as a day trader)
Peace
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I am a Gents and not a Ladies.
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mor
Whenever you experience joy, peace, security, equanimity or purity, it is only because you are aligned with ALMIGHTY.
