Gold Price - Where is it heading?

explod · 25 September 2009

http://www.marketwatch.com/story/st...1B-A342-4B1F-81A9-A44EE349BB56#comment2865703

Not sure if this link has been posted up before, but looks like the cat is getting out of the bag now.

And as Uncle discloses, maybe there is no gold anymore at fort knox or wherever the storage is now.

Ageo · 25 September 2009

explod said:
And as Uncle discloses, maybe there is no gold anymore at fort knox or wherever the storage is now.

Its all going to asia now thats why, majority of scrap, bullion etc.. is going offshore. Perhaps they are preparing for something down the track????

Time always tells...........

Until then volatility still seems normal as spreads havent blown out but if it does then we will know something is in the mix.

Ardyne · 25 September 2009

Where's it heading ?...Down apparently. just noticed it under $990.00.

Nice Double top too btw

Sean K · 29 September 2009

Hitler on his gold investments:

Kryzz · 29 September 2009

Sym triangle on the 4hr chart, occuring at some important resistance, not sure what gold price this is exactly (etf etc?), just from the go trader mt4 platform.

GumbyLearner · 29 September 2009

One for the Flat-earth and/or tin-hat theorists

Federal Reserve Admits Hiding Gold Swap Arrangements, GATA Says

http://search.finance.yahoo.com/news/Federal-Reserve-Admits-Hiding-bw-2550373789.html?x=0&.v=1

MANCHESTER, Conn.--(BUSINESS WIRE)--The Federal Reserve System has disclosed to the Gold Anti-Trust Action Committee Inc. that it has gold swap arrangements with foreign banks that it does not want the public to know about.

The disclosure, GATA says, contradicts denials provided by the Fed to GATA in 2001 and suggests that the Fed is indeed very much involved in the surreptitious international central bank manipulation of the gold price particularly and the currency markets generally.

The Fed's disclosure came this week in a letter to GATA's Washington-area lawyer, William J. Olson of Vienna, Virginia (http://www.lawandfreedom.com/), denying GATA's administrative appeal of a freedom-of-information request to the Fed for information about gold swaps, transactions in which monetary gold is temporarily exchanged between central banks or between central banks and bullion banks. (See the International Monetary Fund's treatise on gold swaps here: http://www.imf.org/external/bopage/pdf/99-10.pdf.)

explod · 5 October 2009

Strange happening tonight, the usual Monday rally in the us$, but gold this time going up, and on a Monday?

May be a very interesting week

Boyou · 6 October 2009

Anyone else watching the POG tonight?

Getting very close to a new high...

cuttlefish · 7 October 2009

explod said:
Strange happening tonight, the usual Monday rally in the us$, but gold this time going up, and on a Monday?

May be a very interesting week

boyou said:
Anyone else watching the POG tonight?

Getting very close to a new high...

Looks like you were right explod - gold doing some more interesting gyrations again tonight (tue).

GumbyLearner · 7 October 2009

Gold running.

Let's see what the smackdown crew can come up with tonight.

I'm excited.

explod · 7 October 2009

Yep I am awake and watching

Not saying anything, its all been said.

Cept you Gumby, go for it man/woman

GumbyLearner · 7 October 2009

explod said:
Yep I am awake and watching

Not saying anything, its all been said.

Cept you Gumby, go for it man/woman

Me too explod.

Can't really say anything either.

You have been a major contributor to this thread.

I realize as a novice that you have had many detractors over the years.

If they come to criticize you, can I be your wingman tonight?

Oh and thanks for your gender inclusiveness. LOL

refined silver · 7 October 2009

explod said:
Yep I am awake and watching

Not saying anything, its all been said.

Exactly.

GumbyLearner · 7 October 2009

refined silver said:
Exactly.

I'll second that!

Gar · 7 October 2009

Fresh out the oven

http://www.kitco.com/kitco-gold-index.html

I've been looking for something like this for a while so I thought I'd share

The Kitco Gold Index has one purpose, that is to determine whether the value of gold is actual, a reflection of changes in the US Dollar value, or a combination of both.

The U.S. Dollar Index ® represents the value of the US Dollar in terms of a basket of six major foreign currencies: Euro (57.6%), Japanese Yen (13.6%), UK Pound (11.9%), Canadian Dollar (9.1%), Swedish Krona (4.2%) and Swiss Franc (3.6%). It is an exchange traded (FINEX) index and has become a standard used worldwide.

The Kitco Gold Index is the price of gold measured not in terms of US Dollars, but rather in terms of the same weighted basket of currencies that determine the US Dollar Index ®.

Since the Kitco Gold Index has no US Dollar component it needs to be compared to the actual US Dollar price to give it some perspective. In all of the historical and live charts that we are displaying here we’re showing both trend lines for the purposes of making this comparison. Here are a few possible situations that you may see and what the meaning could be:

explod · 7 October 2009

Gar said:
Fresh out the oven

http://www.kitco.com/kitco-gold-index.html

I've been looking for something like this for a while so I thought I'd share

Gold is making new highs again tonight. The propaganda from Kitco is just that. Gold since 2002 has gone up in all currencies by around 300%, for gold investing it is a long term thing, not a traders lot. On Kitko the price of gold is quoted against purportedly the US dollars, index not mentioned, however we refer to it as that, a bit of a misnomer? Gold is at all time highs in most currencies and has been for some time against the UK pound and the Euro. The fear of the US dollar losing supremecy (and it is) has Wall Street and Co shi t ng themselves and the huge jawboning of the last week or two and the tales against gold in the local press are all testimont to that.

I am going out to help the missus with the gardening, love this daylight saving, my gold and silver can look after itself.

Dowdy · 7 October 2009

The question should be where is gold heading - it should be where is the US dollar heading?

And the way the US government is spending and the Fed printing, it's got no hope so expect to see gold make new highs

GumbyLearner · 7 October 2009

Snippet from Rico at BBC Asia

Gar · 7 October 2009

explod said:
Gold is making new highs again tonight. The propaganda from Kitco is just that. Gold since 2002 has gone up in all currencies by around 300%, for gold investing it is a long term thing, not a traders lot. On Kitko the price of gold is quoted against purportedly the US dollars, index not mentioned, however we refer to it as that, a bit of a misnomer? Gold is at all time highs in most currencies and has been for some time against the UK pound and the Euro. The fear of the US dollar losing supremecy (and it is) has Wall Street and Co shi t ng themselves and the huge jawboning of the last week or two and the tales against gold in the local press are all testimont to that.

I am going out to help the missus with the gardening, love this daylight saving, my gold and silver can look after itself.

I think you may have skimmed my post and the link too quickly explod

Its a price chart with the USD value and the other majors combined...

explod · 7 October 2009

Gar said:
I think you may have skimmed my post and the link too quickly explod

Its a price chart with the USD value and the other majors...

In fact I hit the link and it was the same article I read via a Kitco link in the last day or so when I then examined it closely. In my view (and everyone may have a different one, many of the recent articles and charts (and also in this instance)are very selective and as such can be misleading.

The thing to be aware of is that the mountain of US debt and the money printing is going to trash the US dollar, but most other economies are also heading down (if not already in UK an example) the same path.

In fact at the end of the day I do not care about gold, just want to safeguard my financial stake. And I vehemently get on this thread to alert others about that too. You all make your own decisions though and love the alternate opinions because I am often wrong and want to learn more.

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