Gold is going to break record highs today

Discussion in 'Metal Futures' started by Debaser82, Sep 14, 2010.

  1. All we need is 14$ more...

    The mines have been strong although not really skyrocketing (yet).

    Perhaps today.

    Or tomorrow...

    :)
     
  2. 6$!
     
  3. Tsing Tao

    Tsing Tao

    this is about the place where i would expect a cartel smackdown to come in and shake out the weaker longs. i wont be among the ones shook out
     
  4. Tsing Tao

    Tsing Tao

    great buy stops at 1260....
     
  5. 1500$ here we come!
     
  6. Tsing Tao

    Tsing Tao

    interesting chart from shanky's blog implies caution is due.
     
  7. I've harped on gold and metal stocks for a long time. Although they have gone up a lot, (check MCP since i posted about rare earths) there is no guarantee they will continue one way or another. Although the Fed and gov't have a strict anti-deflation policy, which keeps metal prices heading up, there is no guarantee there won't be a policy change later this year.

    One factor working in the favor of non precious metals and rare earths is they are used to make weapons, which seems to be a booming business.
     
  8. Gold is a weapon. Owning gold is the only action a citizen of this republic can take to defend against its government (economically).

    LONG LIVE THE GOLD BUG
     
  9. Tsing Tao

    Tsing Tao

    until the government decides you cant own it (again)
     
  10. Hear Hear.
     
    #10     Sep 14, 2010