Gold is going to break record highs today

Discussion in 'Commodity 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).

  9. Tsing Tao

    Tsing Tao

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