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flipside21

Registered: May 2011
Posts: 400

05-08-12 09:31 AM

Gold could easily break down at least $100/ou from 1,627 to 1,527 in the next week.

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AK100

Registered: Nov 2004
Posts: 1019

05-08-12 12:28 PM

Gold could also get people short and stop the early longs out below $1612 and then look to challange the $1800 level.

Not saying it's going to happen but we must factor in the duality if/when $1612 is broken.

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dumb_mother

Registered: Sep 2007
Posts: 746

05-08-12 12:45 PM

hopefully gold goes to .0001 cents per oz so i can buy every ounce in the world... but if it even gets half way there i'd love to put my entire net worth into it anywhere under 1k/oz

i don't know if anyone remembers the bing search -> ebay -> paypal thing where it rebated 20% up to 200$ / purchase.... man i bought enough gold on e-bay that i instantly sold to cash out and just pocket the rebate.... if only i'd just held that gold i was getting it all something like 860/oz

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zdreg

Registered: Oct 2003
Posts: 8340

05-08-12 12:50 PM

Quote from dumb_mother:

hopefully gold goes to .0001 cents per oz so i can buy every ounce in the world... but if it even gets half way there i'd love to put my entire net worth into it anywhere under 1k/oz

it will never happen because there are too many dumb_mother(s)around who think exactly the same way.

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dumb_mother

Registered: Sep 2007
Posts: 746

05-08-12 12:52 PM

Quote from zdreg:

it will never happen because there are too many dumb_mother(s)around who think exactly the same way.

so when (if) rather than hitting 1k / oz gold hits 10k/oz what do you think the gold/silver ratio will be? unless gold gets pegged at some arbitrary 100:1 ratio i think it'll get much closer to 10:1. why buy gold when you can buy silver which is still at almost half of nominal highs let along inflation adjusted....

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Jgills

Registered: Aug 2011
Posts: 223

05-08-12 02:17 PM

Quote from dumb_mother:

so when (if) rather than hitting 1k / oz gold hits 10k/oz what do you think the gold/silver ratio will be? unless gold gets pegged at some arbitrary 100:1 ratio i think it'll get much closer to 10:1. why buy gold when you can buy silver which is still at almost half of nominal highs let along inflation adjusted....

because, silver is not gold.

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