Gold Climbs Past $1300

[FunnyMoney]

It's time for a gold poll.

I believe it will happen this week, probably today.

[mamboni]

I don't like these polls becuase I'm always afraid they will offend the PM gods. It's like whenever someone posts a silver rocket and silver then tanks. So, now I'm afraid you may have kharmically tempted a gold correction. But, not to fear: as long as Silver Sammy doesn't show up praising silver, we should be OK.


"Everyone's got a plan, until they get punched in d'face"

.................................................. ........Mike Tyson

[Silver Rocket Bitches!]

Well it certainly has found support at $1290. Won't take much for it to bust through $1300. I say sometime this week.

[ximmy]

soon... very soon...

[Liquid]

$1300 would be cool to see. I wonder at what point does your average sheep start to wake up? $1500 gold, maybe.

[JohnQPublic]

I voted later this week. It has already hit $1296. I almost voted tonight, but that is a coin flip!

[DMac]

I'm going to go out on a limb and say it breaks 1300 once Asia starts trading.

After all, our CONgress is about to start a trade war. (http://www.zerohedge.com/article/here-comes-protectionism-house-vote-legislation-pressuring-china-revalue-currency)

[FunnyMoney]

I'm going to go out on a limb and say it breaks 1300 once Asia starts trading.

After all, our CONgress is about to start a trade war. (http://www.zerohedge.com/article/here-comes-protectionism-house-vote-legislation-pressuring-china-revalue-currency)




Starting wars of all types, just the normal for central govts.
Anyway, fiat money was a big mistake, history has been clear about that.


BTW, Asia is now trading....

[1970 silver art]

I am going to say that gold will close above $1300 tomorrow (Sept. 23, 2010). ;D

EDIT: I also think that gold will finish above $2000 sometime in 2012. ;D

[undgrd]

Going down this week...retrace and 1300 within 2 weeks

[Silver Rocket Bitches!]

$1300 would be cool to see. I wonder at what point does your average sheep start to wake up? $1500 gold, maybe.


I see evidence of some sheep starting to wake up. A guy at work came up to me and said "did you see the price of gold?" Very out of character for this guy.

"No I didn't, what's goin on?" I replied.

"Gold has hit like four all time highs this week. I'm thinking about going around the house and finding old gold jewelry that my wife doesn't wear. I don't think we'll ever see gold prices this high again."


On second thought....maybe they aren't waking up!

[Ponce]

Stop looking at the water or it will never boil.........

[Sparky]

$1300 would be cool to see. I wonder at what point does your average sheep start to wake up? $1500 gold, maybe.


I see evidence of some sheep starting to wake up. A guy at work came up to me and said "did you see the price of gold?" Very out of character for this guy.

"No I didn't, what's goin on?" I replied.

"Gold has hit like four all time highs this week. I'm thinking about going around the house and finding old gold jewelry that my wife doesn't wear. I don't think we'll ever see gold prices this high again."


On second thought....maybe they aren't waking up!


That's a good sign that this bull has a ways to run. It will be over when they're lining up to buy.

[1970 silver art]

$1300 would be cool to see. I wonder at what point does your average sheep start to wake up? $1500 gold, maybe.


I see evidence of some sheep starting to wake up. A guy at work came up to me and said "did you see the price of gold?" Very out of character for this guy.

"No I didn't, what's goin on?" I replied.

"Gold has hit like four all time highs this week. I'm thinking about going around the house and finding old gold jewelry that my wife doesn't wear. I don't think we'll ever see gold prices this high again."


On second thought....maybe they aren't waking up!


Yeah they might be waking up about gold prices but they are waking up to the constant TV and radio commercials that tell people to SELL their gold because it is at an all-time high. The more that gold climbs, the more commercials that you will probably see to SELL your scrap gold and jewelry. I do not see many TV commercials that tell people to buy gold. But then again, I do not have full cable TV access so I could be wrong on this. I think that the only time that I saw a TV commercial telling people to invest in gold was one time that I was at my parent's house and they had the channel on CNN and there was a commercial that I saw that told people to invest in gold. I think the company that was responsible for that commercial was GoldLine if I am not mistaken. That is the only commercial that I saw that advertised to BUY gold. 99% of the TV and radio ads that I have seen and heard are telling people to SELL their gold.

As long as the majority of the population is still asleep on terms of what gold and silver are doing, then I do not think that we are approaching a blow off period any time soon. Just my opinion.

Like Sparky said, if people are waiting in long lines to BUY, then the it is over. This would be, in my opinion, like the tech and dot-com stock run up of the late '90's when everybody is trying to buy.

[FunnyMoney]

T minus "just a bit more time left".

The sheep don't wake up yet. The decade has really just begun.

[SLV^GLD]

Josey, the Goldline Ad for buying gold was for buying gold at something on the order of 300% of spot.

[MNeagle]

Josey, the Goldline Ad for buying gold was for buying gold at something on the order of 300% of spot.


Yes, see this thread: http://gold-silver.us/forum/gold/goldline-lawmaker-to-do-battle-over-gold-coins/

[uranian]

USDX is up today (seems like 80 is being defended), gold flat, good sign for gold. i've taken to listening to king world news' weekly metal wrap lately, they have a segment from a guy who runs a big coin dealership in the US (CMI gold/silver) who reports on what it's like in his business. seems (as you'd expect) that when they get really busy, a temporary top is close to being in. he reports at the moment that business is quiet, as many sellers as buyers, another good sign that we've still got a way to go in the current run. $1300 seems like a no-brainer within the next few days, p'raps $1400-$1500 before we get a decent retracement? towards the end of the year? assuming hyperinflation doesn't kick in any time sooner, which i'll give a 50-50 the way the QE2 talk is lining up.

[JohnQPublic]

Stop looking at the water or it will never boil.........


I don't know, I must have a pretty hot gaze, because I have been watching since gold/silver hit bottom in 2008, and it has been getting pretty hot. If no boiling, surely at the phase where all the gas bubbles come out!

[Silver Rocket Bitches!]

Josey, the Goldline Ad for buying gold was for buying gold at something on the order of 300% of spot.


Truth. On top of that, I've read that once you call Goldline to purchase bullion, they use scare tactics to get you buying numis at 60% premiums using the touted line that the Government is going to confiscate bullion but not numismatic coins.

People fall for it, buy the numis, get it appraised and find out they paid $1500 for a $700 coin!

Pays to DYODD. LITERALLY.

[1970 silver art]

Josey, the Goldline Ad for buying gold was for buying gold at something on the order of 300% of spot.


That is a very good point SLV^GLD. :) The devil is in the details of the Goldline ad and the fact that they charge that much of a premium is one of those "devilish details".

[1970 silver art]

Josey, the Goldline Ad for buying gold was for buying gold at something on the order of 300% of spot.


Yes, see this thread: http://gold-silver.us/forum/gold/goldline-lawmaker-to-do-battle-over-gold-coins/


It appears that mommy gov't is again trying to step in to protect us from ourselves with this "gold regulation" legislation. Who needs to DYODD when you can cry to mommy gov't to "fix" things for you? I guess that we are too lazy to google the word gold to get additional information about buying gold before jumping to actually buy gold.

Yeah it is crazy to charge the crazy high premiums that Goldline was charging but we as consumers also have to the power to so no to a deal.

[FunnyMoney]

So TPTB believe they can stall things at $1293. They think that the truth of money can be hidden just a few more years, that wealth protection will never gain critical mass, that the biggest miner of gold can be proven wrong about never selling and that a handful of anonymous Internet posters can be discredited in the process.

They sit there like the miserable mortals which they are and believe that nothing has changed while their rats jump ship and the anger against them mounts. They worship their fiat power and sell their soul for a few moments of false glory.

But the signposts are ahead. They read that such moments are fleeting, and around the corner, 1300.

[uranian]

less than five bucks to go. options expiry in silver is early next week; if they can't squash the price for that, i'm guessing we're close to another breakout in PMs.

http://www.youtube.com/watch?v=o4OAWhX31wQ

(skip forward a few minutes if you don't want to see silver bullion porn!)

[1970 silver art]

The high so far for today....................$1300.70.

[osoab]

The high so far for today....................$1300.70.



http://www.kitconet.com/images/sp_en_6.gif

[osoab]

I really didn't think gold would pass 1300 before this coming tuesday.

And not to leave silver out, but 21 seems to have been defended well this week.

I guess the next question is how far down can the banks take down Au and Ag.

A lot of FRN stands to be lost on expiration on Monday.

[1970 silver art]

The high so far for today....................$1300.70.



http://www.kitconet.com/images/sp_en_6.gif


Let the battle for $1300 begin. Every time it gets close to that $1300 mark, it gets pushed back to $1296-$1297 but the Yellow Metal Barbarian just keeps coming back.

[1970 silver art]

I really didn't think gold would pass 1300 before this coming tuesday.

And not to leave silver out, but 21 seems to have been defended well this week.

I guess the next question is how far down can the banks take down Au and Ag.

A lot of FRN stands to be lost on expiration on Monday.





Yeah I agree that silver defended 21 very well this week. Next stop: $22 but not before it gets pushed back to the low $20 range. $20 might be the new support level for silver but it will get tested IMO before it continues to move to $22 and then $23 at the end of this year. ;D

This is just a WAG on my part. I am not a TA person. I really do not know what will happen with silver. I just hope that silver does not do a "2008" on us.

[osoab]

I really didn't think gold would pass 1300 before this coming tuesday.

And not to leave silver out, but 21 seems to have been defended well this week.

I guess the next question is how far down can the banks take down Au and Ag.

A lot of FRN stands to be lost on expiration on Monday.





Yeah I agree that silver defended 21 very well this week. Next stop: $22 but not before it gets pushed back to the low $20 range. $20 might be the new support level for silver but it will get tested IMO before it continues to move to $22 and then $23 at the end of this year. ;D

This is just a WAG on my part. I am not a TA person. I really do not know what will happen with silver. I just hope that silver does not do a "2008" on us.



I wouldn't mind picking more up @ $12. That is unrealistic, though andthe premiums would compensate for spot.

If this strength continues till Oct expiration, this will be very interesting for the next 3 weeks or so.

The miners will probably run nicely today too.

[1970 silver art]

The NBC Today show was briefly talking about gold hitting $1300 a few minutes ago. I noticed that once gold hit the $1270 level, the NBC Today Show and the NBC Nightly news are now talking about it more now than before. I thought that was interesting that they are talking more about gold when it is at $1300 than they were when gold first broke $1000. I did not hear much MSM talk about gold when it initially hit $1000.

Just an observation on my part.

[Shami-Amourae]

According to my APMEX alert:

$1,300!!!!!!!!
Prices current as of Sep 24 2010 4:48AM. <------------------
(Pacific Standard Time)

[mamboni]

The NBC Today show was briefly talking about gold hitting $1300 a few minutes ago. I noticed that once gold hit the $1270 level, the NBC Today Show and the NBC Nightly news are now talking about it more now than before. I thought that was interesting that they are talking more about gold when it is at $1300 than they were when gold first broke $1000. I did not hear much MSM talk about gold when it initially hit $1000.

Just an observation on my part.




Gold is giving these TV hosts insomnawang. :oo-->

[chad]

http://www.youtube.com/watch?v=1V6T0lJc3dU

[DMac]

1300?!

BOOM GOES THE DYNAMITE!

http://www.youtube.com/watch?v=W45DRy7M1no

[Silver Rocket Bitches!]

This is going to have a big psychological impact. You're talking four months to go from $1200 to $1300.

http://www.casinoman.net/images/blog/champagne.jpg

[DMac]

We're on the road to $1650, then the moon.


http://jsmineset.com/2009/05/10/alf-field%E2%80%99s-gold-price-predictions/




Alf Field’s Gold Price Predictions
Posted: May 10 2009 By: Jim Sinclair Post Edited: May 10, 2009 at 8:06 pm

Filed under: General Editorial

Dear CIGAs,

The following is Alf Field’s Gold price predictions:

We are presently in Major Up Move Three.

Major ONE up from $256 to $1,015 (actually 4 times the $255 low);

Major TWO down from $1015 to $699, say $700 (a decline of 31%);

Major THREE up from $700 to $3,500 (a Fibonacci 5 times the $500 low);

Major FOUR down from $3,500 to $2,500 (a 29% decline);

Major FIVE up from $2,500 to $10,000 (also a 4 fold increase, same as ONE)