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  #11  
Old 16-01-2008, 10:00 AM
Aigburth Aigburth is offline
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Default Buy on dips

I think $840 to 850 is a good level for me to buy in more gold!! Hope the cartel will force the price to this level! I am "worry" that they may not be able to break the $890 level as there will be quite a bit of buying interest at this level.

Waiting.....
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  #12  
Old 16-01-2008, 10:54 AM
GoldRush GoldRush is offline
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The problem is the px is pushed down in the Europe/NY market, by the time the Asian market opens, the px rebound. It is difficult for us here to do bottom fishing.
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  #13  
Old 16-01-2008, 05:51 PM
Aigburth Aigburth is offline
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Default Correction coming...

Correction on gold and silver prices are happening. This is healthy and good for the bull run. If you still believe in gold and/or silver, there may be a good chance to load up soon! Be ready for it!

Waiting.......
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  #14  
Old 16-01-2008, 06:20 PM
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GoldBull5000 GoldBull5000 is offline
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Yes, I agree. gold at below $880 is basically FREE GOLD again. We had free gold on sale from time to time thanks to the central banks.

For those who have been waiting for corrections and pull backs, just load up on your favorite gold coins NOW!

Sales price on gold never last too long and you you NEVER be able to buy at the absolute lowest price. This week is very good time to buy physical gold again.

Quickly move out of all other assets and load up more on REAL GOLD. Once we go through $1000/oz by later this year, you will never see $880 gold ever again for another decade to come.

The key once again: BUY REAL PHYSICAL gold!
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  #15  
Old 16-01-2008, 06:20 PM
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Tungsten Tungsten is offline
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if it drops <$850, will be at the UOB counter..
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  #16  
Old 17-01-2008, 01:28 AM
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GoldBull5000 GoldBull5000 is offline
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Goldman Sachs raises gold price forecasts for 2008-2010
By Jon Nones
16 Jan 2008 at 11:06 AM


The world's largest securities firm, Goldman Sachs Group Inc., increased its gold forecast for 2008 through 2010 today citing an impending U.S. recession in the second and third quarters of this year.

According to Goldman, the metal will average $915 an ounce this year, compared with an earlier estimate of $800. Gold will average $870 next year and $940 in 2010, from earlier forecasts of $852 and $907.

Gold has averaged $877 so far in 2008, but is off $24.50 at $876.10 today.
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  #17  
Old 17-01-2008, 01:30 AM
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GoldBull5000 GoldBull5000 is offline
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It's a nice try by Goldman Sachs to talk the future price of gold down.

Where is the rest of the COMEX shorting gang here? I expect them all come out with new price targets that is dictated by the top of their firms.
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  #18  
Old 24-01-2008, 09:14 PM
isc70087 isc70087 is offline
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spot prices following equities to go up?
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  #19  
Old 24-01-2008, 10:18 PM
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GoldBull5000 GoldBull5000 is offline
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Spot Gold price follows the speed of the Bernanke digital printing press.

They just printed couple of hundreds of billions to support the US equities, of course some of it will spill over to the bullion market.

Beside, the Asians now should wake up to the fact that there is no such thing as "strong dollar policy".

The REAL dumping of USD will start sooner than later. Hang on to your gold!
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  #20  
Old 25-01-2008, 12:40 AM
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rollerblader rollerblader is offline
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Default buying physical

For those of you thinking of buying them. If you think the prices are too high, just buy one first. If it soften buy some more. The price do not soften for too long.

I fairly taken aback by the speed at which the 75 point drop was announced.
Anyway another bad news for banks.

PARIS (AP) -- French bank Societe Generale said Thursday it has uncovered a $7.14 billion fraud -- one of history's biggest -- by a single futures trader whose scheme of fictitious transactions was discovered as stock markets began to stumble in recent days.

CEO Daniel Bouton said the trader's motivations were "irrational," netting the trader no personal financial gains.

I wonder if this guy was just a fall guy to cover up everything.
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