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has gold gone bust?

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posted on Aug, 25 2011 @ 12:23 PM
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Also, they will not post where the gold comes in from, whether libya or even chavez trying to get his credit rating back from withdrawing gold. He wants war by the time he is 6 feet under. Gold was injected. It is flat now and slightly positive. All that gold was bought up, GO FIGURE




posted on Aug, 25 2011 @ 01:06 PM
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Gold has not gone bust, reached it top or anything else and it's not in a boom so long as the FED keeps printing more fiat paper.

Silver is more my thing so yeah, it's crap, over priced and you need to sell now

[Hidden]
I'm willing to pay 0.1% over spot for coins
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posted on Aug, 26 2011 @ 03:38 PM
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Just to follow up on this and reinforce that I was right:



Gold prices staged a rally, breaking an almost three-day selloff, after Ben Bernanke left the door open for more monetary easing.


Gold is currently up +52.20 on the day as of 4:30 PM EST. We are back where we were a week ago but the rise to $1900 this time I think will level off and we might not see it for 2-3 weeks - at least I wouldn't be surprised. I think when it blew past $1900 as quickly as it did that it caused a reaction and profit taking. The press generally tried to call the profit taking a 'correction' and the bursting of the bubble but for the bubble to burst there would have to be something economically off with its expansion and there is nothing but support for gold rising coming out of every front.

The steady rise of gold is back on track and we'll see $1900 again by mid-September and there won't be much fight this time around. The next resistance level will be $2000 and we'll see that one for some time as its a psychological barrier - the same thing happened at $1000.



posted on Aug, 26 2011 @ 11:00 PM
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I think i should make a thread on platinum money.cnn.com... from the link

Metals
New York Mercantile Last Change % Change 52-week price range Last Update
Gold
Dec. 2011 contract
$ / troy ounce Floor 1,797.30 s +34.10 +1.93%
1,314
Today|||
1,894
9:50am ET
Electronic 1,831.70 +34.40 +1.91%
1,242
Today|||
1,918
5:14pm ET
Silver
Sept. 2011 contract
$ / troy ounce Floor 40.95 s +0.207 +0.51%
24.28
Today|||
48.97
1:57pm ET
Electronic 41.72 +0.773 +1.89%
19.10
Today|||
49.82
5:15pm ET
Platinum
Oct. 2011 contract
$ / troy ounce Floor 1,826.90 s +4.50 +0.25%
1,682
Today|||
1,816
1:24pm ET
Electronic 1,835.20 +11.70 +0.64%
1,609
Today|||
1,919
12:00am ET
not 4$ dif between gold and plat. does make you wound if gold will be more valuable than platinum



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