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Gold is cutting a hole through the floor
Topic Started: 25 Nov 2013, 04:34 PM (5,551 Views)
peter fraser
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Down to $1238 and falling still. It will be a big night at the New York Metals Exchange tonight.

http://www.kitco.com/charts/livegold.html

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Edited by peter fraser, 25 Nov 2013, 04:35 PM.
Any expressed market opinion is my own and is not to be taken as financial advice
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mel
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Even the guys who bought well a decade ago are going to have to concede they should have sold - while just about everyone else has had their arse handed to them when adjusting for inflation. Of course things could be worse. People could have bought silver before they paid their mortgage down and absolutely shafted themselves... but hey.. whatever :bh:
APF - a place where serious people don't take themselves too seriously. There's nothing else like it.
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herbie
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mel
25 Nov 2013, 04:55 PM
... Of course things could be worse. People could have bought silver before they paid their mortgage down and absolutely shafted themselves... but hey.. whatever :bh:
That's the spirit Mel! Look on the bright side of things - As me ole granny used ta say "Ya can always find someone else worse off than you hey?" :D
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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mel
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herbie
25 Nov 2013, 05:00 PM
That's the spirit Mel! Look on the bright side of things - As me ole granny used ta say "Ya can always find someone else worse off than you hey?" :D
haha! I was actually talking about me there Herbs :)

Just don't tell anyone what a big bloody mess I have made of things......
APF - a place where serious people don't take themselves too seriously. There's nothing else like it.
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herbie
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mel
25 Nov 2013, 05:05 PM
haha! I was actually talking about me there Herbs :)
Knowing that you were is what made it so funny Mel ... :D
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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newjez
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mel
25 Nov 2013, 04:55 PM
Even the guys who bought well a decade ago are going to have to concede they should have sold - while just about everyone else has had their arse handed to them when adjusting for inflation. Of course things could be worse. People could have bought silver before they paid their mortgage down and absolutely shafted themselves... but hey.. whatever :bh:
If you are interested in an asset Mel - you either hold it or trade it. The fundamentals were there for gold. They are no longer there. But what is the long term future? no one knows. that is why some people hold. Personally I think it will break 1000 before it breaks 1500. You also need to consider the price in AUD if you are Australian. Measuring it in US doesn't mean much if your currency is dropping.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
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mel
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herbie
25 Nov 2013, 05:08 PM
Knowing that you were is what made it so funny Mel ... :D
yep - i suck bigtime :lol

What does everyone think about the gold support thing? It doesn't look good at all..

Maybe BP can find us a Gerald Celente video of Gerald having a mild stroke live on youtube :lol
newjez
25 Nov 2013, 05:10 PM
If you are interested in an asset Mel - you either hold it or trade it. The fundamentals were there for gold. They are no longer there. But what is the long term future? no one knows. that is why some people hold. Personally I think it will break 1000 before it breaks 1500. You also need to consider the price in AUD if you are Australian. Measuring it in US doesn't mean much if your currency is dropping.
absolutely agree Newjez, and I couldn't agree more with the exchange rate potential.

Personally I would recommend most people hold a small amount 'just in case', since people like me clearly have no idea what they are doing and tend to chase the market the wrong way almost every time :)
Edited by mel, 25 Nov 2013, 05:17 PM.
APF - a place where serious people don't take themselves too seriously. There's nothing else like it.
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peter fraser
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mel
25 Nov 2013, 05:12 PM
yep - i suck bigtime :lol

What does everyone think about the gold support thing? It doesn't look good at all..

Maybe BP can find us a Gerald Celente video of Gerald having a mild stroke live on youtube :lol

absolutely agree Newjez, and I couldn't agree more with the exchange rate potential.

Personally I would recommend most people hold a small amount 'just in case', since people like me clearly have no idea what they are doing and tend to chase the market the wrong way almost every time :)
Don't be hard on yourself mel, you were on a website where everyday someone was telling us that "you can't lose" on gold and silver.

They are the famous last words of many a speculator.

Look on the bright side - our old mate Nick sold his house in the trough and bought gold around $1200 per ounce and according to his story he has "backed up the truck" a few times in the "dips"

It's what his grandpa told him to do.
Edited by peter fraser, 25 Nov 2013, 05:25 PM.
Any expressed market opinion is my own and is not to be taken as financial advice
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Catweasel
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Catweasel say strange.

If it buy a Gold the ETF on a Nikkei,

at a lows in a 08,

it would the up 82% in a 5 the years.

In world of a deflate!

For every mouse,

there be silver lining.
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mel
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peter fraser
25 Nov 2013, 05:24 PM
Look on the bright side - our old mate Nick sold his house in the trough and bought gold around $1200 per ounce and according to his story he has "backed up the truck" a few times in the "dips"

It's what his grandpa told him to do.
I guess i could always think about him if i wanted to feel better :lol
APF - a place where serious people don't take themselves too seriously. There's nothing else like it.
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