$1,200 Gold - it just keeps on trying! :)

[Gaillo]

Just like 10,000 DOW, gold is apparently being heavily manipulated today.

Over the last 8 hours, Gold has been hitting $1,200 and trying to break through, only to be beaten back down each time. Four attempts so far, at approx. 2 hour intervals. Looks like the latest attempt might succeed in staying above...

Thoughts?

[kregener]

The PPT is working feverishly to keep the price of gold from going galactic.

[oldmansmith]

Gold is at $1202 as I type. The PPT put all their energy into the DOW this afteernoon in order to paint the tape, and let gold go for a minute. I think gold looks really strong right now.

[1970 Silver Art]

No matter how hard the PPT tries, they just cannot keep gold (and silver) down for very long. When gold is trying to send a message about the horrible condition of the $ and the bad financial condition of the U.S. to the people, that message will get through eventually one way or the other. The PPT will lose the "war" with gold in the long run IMO.

[Ponce]

I paid $625.00 for my 20 Maple Leaft.........doing good.

[JohnQPublic]

Harvey Organ explained it (http://gold-silver.us/forum/gold-silver-precious-metals/harvey-organ's-comments-for-this-week/) and I am listening to Eric Sprott (http://watch.bnn.ca/#clip304448) explaining it 5 days ago.

[the white rabbit]

http://www.wolframalpha.com/input/?i=comex+gold

[jedemdasseine]

Where can I find an updated chart of the gold-dow ratio?

EDIT: ok, where can I find an update and semi-decent chart of the dow-gold ratio? All the one's I find are lacking in some way.

[jedemdasseine]

Watch the premiums closely.

Demand for 1 ounce coins is high right now.

[DMac]

Where can I find an updated chart of the gold-dow ratio?


$INDU:$GOLD


Some charts here (http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID2791469)


Up to date:
$INDU:$GOLD (http://stockcharts.com/h-sc/ui?s=$INDU:$GOLD&p=D&yr=1&mn=0&dy=0&id=p49331477819&a=175957448)

[jedemdasseine]

I only made it to one gold shop yesterday in Seoul, but Krugerrands were 1,580,000 won out-the-door. People were buying, and I was reminded of demand for gold in Greece.

[jedemdasseine]

Where can I find an updated chart of the gold-dow ratio?


$INDU:$GOLD


Some charts here (http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID2791469)


Up to date:
$INDU:$GOLD (http://stockcharts.com/h-sc/ui?s=$INDU:$GOLD&p=D&yr=1&mn=0&dy=0&id=p49331477819&a=175957448)




Thanks.

[jedemdasseine]

And for what it's worth, I sold a quarter ounce gold maple in Phnom Penh and got 1/4 the London Fix.

Universal money....after all these years in the business, and it still blows my mind.

[jedemdasseine]

The daily morning bop in NY looks like it may bounce at 1205. 1215 was the resistance last night.

The 200 dma has been extremely consistent for the past year.

[Libertarian_Guard]

I only made it to one gold shop yesterday in Seoul, but Krugerrands were 1,580,000 won out-the-door. People were buying, and I was reminded of demand for gold in Greece.


Could you give me a rough estimate of how much over the spot price this is?

5% - - 10%, more or less?

[undgrd]

^^^^

Total Price
1292 USD per ounce

[jedemdasseine]

Exchange rate comes out to about $1315 or thereabouts.

[Libertarian_Guard]

Exchange rate comes out to about $1315 or thereabouts.



That is about 9% over the current spot price. The seller is doing very well with this much of a mark-up. The buyer isn't getting his best possible deal, but even still, he is trading fiat for the real stuff, I'd call that a bargan!

[undgrd]

I only made it to one gold shop yesterday in Seoul, but Krugerrands were 1,580,000 won out-the-door. People were buying, and I was reminded of demand for gold in Greece.




Exchange rate comes out to about $1315 or thereabouts.




Are you sure about your math?

1 USD = 1223.2 Won
1579999.9785 Won = 1291.6939 USD

[jedemdasseine]

I only made it to one gold shop yesterday in Seoul, but Krugerrands were 1,580,000 won out-the-door. People were buying, and I was reminded of demand for gold in Greece.




Exchange rate comes out to about $1315 or thereabouts.




Are you sure about your math?

1 USD = 1223.2 Won
1579999.9785 Won = 1291.6939 USD

Are you sure about your exchange rate?

[jedemdasseine]

Regardless, the point is that people were more than happy to pay the premium.

[undgrd]

I only made it to one gold shop yesterday in Seoul, but Krugerrands were 1,580,000 won out-the-door. People were buying, and I was reminded of demand for gold in Greece.




Exchange rate comes out to about $1315 or thereabouts.




Are you sure about your math?

1 USD = 1223.2 Won
1579999.9785 Won = 1291.6939 USD

Are you sure about your exchange rate?


Pulled it from Yahoo Finance but...no I'm not