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Wake up Goldbugs, Gold Skyrocketed overnight; Who would have thought...
Topic Started: 20 Jun 2014, 06:49 AM (21,980 Views)
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Gold price hits three-month low

Gold slid to a three-month low and other precious metals fell as the dollar strengthened and as signs of progress toward peace in Ukraine reduced the need for safe haven assets.

Gold for December delivery ended $US5.80, or 0.5 per cent, lower at $US1,248.50 a troy ounce on the Comex division of the New York Mercantile Exchange.

It was the lowest settlement for the most actively traded gold contract since June 4.

The US dollar index touched a fresh 2014 high on Tuesday, driven by investor expectations that the Federal Reserve is moving closer to raising interest rates.

As the dollar rallies, dollar-denominated gold futures become more expensive for investors who use other currencies.

Those expectations also hurt gold because it doesn't pay interest or dividends, and many traders expect the precious metal to struggle to attract investors away from Treasury bonds and other interest-bearing assets when rates begin to climb.

"We've seen the market sell off as the dollar strengthened, it makes commodities less attractive," Bill O'Neill, a principal with Logic Advisors, a commodities investment company, said.

Platinum fell to an eight-month low and palladium closed at its lowest level in a month as a ceasefire held in Ukraine and Russia's foreign minister urged Kiev to open peace talks with rebels.

Some investors had stocked up on the metals amid worries that shipments from Russia, the world's top producer of palladium and second-largest platinum miner after South Africa, would be disrupted by economic sanctions. These traders worried that either Western trading curbs or retaliatory sanctions by Moscow would affect the flow of these precious metals to the global market.

But tensions in Ukraine appear to be easing, prompting some investors to reduce their holdings of platinum and palladium.

"There's been no real interruption to supply," Mr O'Neill said.

Read more: http://www.businessspectator.com.au/news/2014/9/10/commodities/gold-price-hits-three-month-low
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goldbug
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zaph
10 Sep 2014, 07:30 AM
goldbug
9 Sep 2014, 03:34 PM
We all know your (sic) up to your eyeballs in debt
Who is the 'we'? - speak for yourself.

Frank has stated he is not up to his eyeballs in debt and nothing he's posted indicates he's telling porkies.

Nothing? Like collecting other people's rubbish off the footpath is nothing? Like taking his holidays in the cheapest 3rd world rathole is nothing? Like rabbiting on about how property is the best investment and will go up and up yet after 7 years of near zero capital gains in his home state he hasn't dipped in and bought a single house?

You are a property speculator, fair enough, you only look at the surface and believe whatever anyone tells you as long as it conforms with your core beliefs, I can understand that. But some of us use critical thinking skills, some of us read between the lines and actually question things. You and frank are part of the real estate for profit system that has grown up to consume the Australian economy. Part of a system that employs lies like a bricklayer employs a trowel.
Shadow was hopelessly wrong about the Gold Bull Market.
What else is he wrong about?
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zaph
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Nothing?


I see... You're one of those people that can't tolerate a hand-me-down. Too insecure to buy, or better still, get for nothing something that is used. The most valuable items in the world are used/second hand.

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Like collecting other people's rubbish off the footpath is nothing?


One man's trash is another's treasure.

Quote:
 
Like taking his holidays in the cheapest 3rd world rathole is nothing?


So this is back to Frank telling Porkies? - How does his holiday destination have anything to do with his debt?

---------------------------------
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You are a property speculator,


What would make you think that?




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Sydneyite
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goldbug
10 Sep 2014, 12:05 AM
Sydneyite
 
Don't forget though that your gold can be *stolen* - completely.
Don't forget that you're house can burn down! It happens all the time, and we read about those people who lose it all and get left with only a block of dirt. Are you potentially one of those idiots?
The only idiot with un-insured assets I bet is you. :re:
Edited by Sydneyite, 10 Sep 2014, 12:52 PM.
For Aussie property bears, "denial", is not just a long river in North Africa.....
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Frank Castle
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Business As Usual

zaph
10 Sep 2014, 12:27 PM
I see... You're one of those people that can't tolerate a hand-me-down. Too insecure to buy, or better still, get for nothing something that is used. The most valuable items in the world are used/second hand.
The stupid prick claims he buys gold.
I doubt it would have been NEW gold so it would be second hand gold, some possibly pulled from the teeth of jews from concentration camps
Quote:
 
The forum fucktard

Like collecting other people's rubbish off the footpath is nothing?

Other people pick gold up off the ground themselves, quite often from mining discards, but using his thought process only fools do that.
Quote:
 
Zaph

One man's trash is another's treasure.

Exactly
The wife was after a lounge and this one (and two reclining single seaters) appeared for the taking while we were looking.
Posted Image
The neighbours had renovated and the brown didnt work for her.
I am not so fussy - not when it saved me several thousand $

Same with the BBQ they ditched
Posted Image
Bit of elbow grease and a new hose and now I have a BBQ downstairs as well as the back deck.
Quote:
 
The forum fucktard

Like taking his holidays in the cheapest 3rd world rathole is nothing?

Yeah - 3rd world rathole - I dont know how I can put up with the torment of staying in such shitholes

The accommodation is always appalling
Posted Image

The bars are always overcrowded with shit views
Posted Image

And the restaurants are full of rats and disease and the beaches are always overcrowded and covered in rubbish.
Posted Image

I don't know why I've booked a few months yet again, goldbug keeps telling us its a 3rd world rathole not worth visiting.
We really should listen to his advice after all, for similar money I could probably stay in some fantastic first world destination like he is obviously used to - oh to be so lucky.

Australia's best holiday destinations


Edited by Frank Castle, 10 Sep 2014, 02:22 PM.
Ignore posts by The Whole Truth · View Post · End Ignoring
The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
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Bardon
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I am doing a reno at the moment and my wife had the decency to find the previous owner that had built a customised bar including lead lights and the works when he used to live there and previously renovated it. He was that wrapped that she remembered him and tarck him down that he not only bought us nice red and white wine he gave us a fully comprehensive photographic record of our house including his renovation work all the way back to the 30's streetscape, when he can to pick up the bar. Most of the stuff that we are demolishing and getting rid of is neatly placed outside our house and being picked up. That's a good thing in my books.
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Jimbo
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Jimbo
1 Aug 2014, 09:28 PM
I bought phys 40oz this morning at $1340 (aud) an ounce.
Just in case anyone thought I was being wise after the event.

Now sitting at $1589.55.

What a mug I am....
Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be :?: rising.
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Matthew
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Jimbo
31 Aug 2015, 09:06 PM
Just in case anyone thought I was being wise after the event.

Now sitting at $1589.55.

What a mug I am....
Congratulations Jim. 100% of that yet to be realised windfall has funded 10 weeks of your rental costs that are real and recurring over the 13 month holding period of your investment.

Well played to you......
My only hope for my three boys is that they turn out nothing at all like Chris.
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Terry
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Matthew
1 Sep 2015, 10:17 AM
Congratulations Jim. 100% of that yet to be realised windfall has funded 10 weeks of your rental costs that are real and recurring over the 13 month holding period of your investment.

Well played to you......
Forget about petty point scoring. Gold has been a superb trade in the past month and could have funded many rental costs, particularly those who work in trading houses and investment banks.
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zaph
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Matthew
1 Sep 2015, 10:17 AM
Congratulations Jim. 100% of that yet to be realised windfall has funded 10 weeks of your rental costs that are real and recurring over the 13 month holding period of your investment.

Well played to you......
How do you cope with a gin-soaked partner? Do you just chuck her to the kerb and continue to watch the game?
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