Wow guys, Something is happening!!!

[paulho77]

hip hip hooray !!!! waited so long for this time for it to hold USD$1k and abv. but den again am afraid will short live hopefully not this time round. looking at how china is buying physical GOLD and how oil nations trying to dump USD....round 2 is beginning to unfold for CURRENCY CRISIS !!!! prepare for the big drop to go into SHAREs....heheh

[Roborovskii]

Woot! PPTs' computer must've crashed and they can't get to work today.

[PJL001]

Originally Posted by CoolMaxGold

Well I ain't too excited for two reasons:

• Gold is rising only in USD terms. I am an AUD holder.
• There ain't any Pupshock and his posting of "party girls" --- unless PJL001 can foot the bill.

hey, hey, when mama is not around, the little boys are out to play?

[et2cetera]

Usually, I just read Jon Nadler for ironic entertainment, but today one of his graphs did make some sense:

The line in blue is the price of gold against a basket of currencies, as versus the one in red (USD).
from

http://www.kitco.com/ind/nadler/oct062009A.html

Do note that a graph, like numbers, can be exploited and interpreted many different ways. Make your own judgement.

[lowem]

Mmm, that's an interesting idea, to take the USDX components and translate that into KGX to price gold. We're still up aren't we.

Meanwhile, gold has reportedly hit $1045 earlier and right now we're still holding around the $1040 level.
Let's give it a few more days and see whether this holds - or not

[admin]

I'm nervous about recent developments.

[lowem]

Originally Posted by admin

I'm nervous about recent developments.

Vertical/near-vertical rises in gold or oil always make me nervous

*Something is happening* but the billion-dollar question is *what*.

Short list :

* USDX making a double-top from 77 marking a trend reversal
* Israel-Iran conflict possibly heating up (should be bullish for oil too, obviously)
* Rumours of oil producers shunning USD, promptly officially denied of course
* Rumours of an ongoing economic recovery (yeah ... right ...)

[admin]

Spot price just went above 1044.

[lowem]

Woohoo!

Gold prices just broke above $1050!
Party! Party! Party!

[admin]

I am still scared of heights.