it's a beautiful thing.... silver still 25% off it's highs though

Update: Gold hits a new high of $1043.34

Currently $1037.80

The US $ hit a daily low of 76.103

The sky is falling.

dang, the $232.84 check i mailed out on Sep 30th (last Wednesday)
hasn't had time to clear my Gold Fund ROTH account.

That little bit of $ might only buy 2 share if Gold keeps skyrocketing

dang again

CRAP!! i sold my gold earlier this year!!

this wouldn't come about without a World war 3.

if anything history has told me, it is change doesn't happen without chaos. or a super power not going down without a fight.

how can they just drop the dollar like that and not loose a vast amount of wealth from doing so?

I mean if china has bought alot of out debt, then whos going to buy that toxic debt back so they can get rid of the dollar?

but still got my silver..

ALERT


this sudden run-up in gold is an engineered thing as far as i'm concerned.


here's the thing that prompted the run-up, an item that states:

" This month, on September 8, 2009, Barrick Gold Corporation announced it was taking a $5.9 billion charge against 3rd quarter earnings in order to buy back all its forward contracts, a considerable sum to pay for succumbing to the wishes of those in power... "" (see; 321gold.com)


to stop the few major gold producers who were planning to repurchase their 'forward contracts' of future gold production...

TPTB waited in the shadows until an event could be manipulated which would send gold soaring,,,

The combined jitters of an attack on Iran/ the 'Death of the Dollar' noise,
and the much hearalded ballyhoo of a 'secret conclave' to drop the USD as the medium to price & sell Oil was the needed unstability that sent gold to it's current stratospheric price.


see, it's a win-win for those who bought forward contracts,
the gold producers cannot afford to buy-back the now impossibly expensive contracts
so the holders of the forward contracts, can book the higher valuations right now and show immense profits in their holdings.

they could also manipulate news data to sustain the markets fear & sustain gold above $1000. for as long as they wish, all the while letting a steady trickle of contracts sell (prior to expiration)--
-until they want the price of gold to drop back to the $900-950 level

hedge funds, private equity groups and market makers like goldman sacs for the Fed are the likely puppet masters all working in concert.

? what might be used to pull the rug from under the gold $$...?
one suspect may be the ETFs that do not have the proper ammount of physical gold to support the ETFs valuation. and there's more than just the billion$ invested, there is the trust/confidence in the markets factor...
once investors lose all faith & trust in gold ETFs it will be a swift crash to $800 or less. (and guess whose going to have short Puts up the gazoo?)


just a FYI, what-if story for anyone interested, thanks






[edit on 7-10-2009 by St Udio]

Originally posted by St Udio


dang, the $232.84 check i mailed out on Sep 30th (last Wednesday)
hasn't had time to clear my Gold Fund ROTH account.

update; i received notice the check cleared Monday after all
...so i actually received .713 shares for the same money
than i would have gotten on the Tuesday NAV (price)

but more importantly than the .713 share windfall, it was the satisfaction
that my instincts/intuition proved correct, & i beat the odds this once...