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  #191  
Old 13-03-2008, 09:48 PM
isc70087 isc70087 is offline
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futures went past 1k ... now waiting for bullion ... 40cents away (highest) ...
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  #192  
Old 14-03-2008, 10:03 PM
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bullion is over 1k ... and going ...
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  #193  
Old 14-03-2008, 10:04 PM
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just now 1000.58
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  #194  
Old 14-03-2008, 10:09 PM
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now officially break US$1k


not like yesterday only US$1000.6
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  #195  
Old 14-03-2008, 10:28 PM
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guess it's time for the 1k party.

Mixed feelings at the moment. Elated that it finally broke the magical 1k. Depressed at the same time as accumulation plan has to soldier on in hostile territories (bidding time for next bargain).

congrats to all fellow forummers as the party has just begun
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  #196  
Old 15-03-2008, 12:12 AM
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Default Ides of March 2008

So, Friday March 14 2008 was it:



Actually, the Ides of March is the 15th, but I think it's close enough for government work.

What to make of it all?, I'm not sure - it's not as if any of us who hold gold are a dollar richer today - we're just not a dollar poorer compared to anyone who bet the farm on Citigroup, or Bear Sterns.

What has really happened these last few days is that the dollar has fallen off a cliff;



GB5K's top call last week may prove to be prescient. Citi or BSC may not exist in any recognisable form by this time next year. Many other mega banks will likely be dinosaurs or zombies with all the collateral damage for people invested in paper assets (myself included) that that implies.

This is where the future gets sticky. All the players, from unsophisticated retail investors, through investment banks, hedge funds, Sovereign Wealth funds to Central Banks are milling about in a fog. Goldbugs have been screaming 'fire' in a crowded cinema for years now. It's only today that most people can smell the smoke.

Next up will be collective G7 action to stabilise a global market staring into the abyss - not a given - will they?, or won't they? Talk is cheap - far easier to try and talk the dollar back up and the Yen and the Euro down - expect some concerted action if that fails.

I've been watching GCA's membership climb - 336 as of this writing - I wonder if DJC could chart it and plot the rise of GCA against the price of gold? I've searched Google News for newspaper articles about investing in gold - checkout the timeline - 140,000 newspaper hits. This idea is moving into the mainstream.

Now if newspaper readers are buying gold from fear without understanding the foundation of the gold story, then they are a herd in a stampede just as likely to bail as to buy. They are cannon fodder for the commercial shorts who will milk and then massacre them.

It will soon be time to switch off the TV, disconnect the internet and stop reading newspapers for a while.

Courage.
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  #197  
Old 15-03-2008, 12:19 AM
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Quote:
Originally Posted by aurictaurus View Post

It will soon be time to switch off the TV, disconnect the internet and stop reading newspapers for a while.

Haha, I have stopped reading newspaper since 1 year and stopped watching CNBC since 4 years. confirm it works!

No Internet? Can not connect to the club website!

Ok, on a more serious note, there are two ways Mr.Market teach its lessons, the soft way: read up on history and try not to repeat people's mistake in the past (1923 hyperinflation comes to mind)

the hard way: ignore what Mr.Market has to say since last November and get whacked hard financially. Learn with REAL money. (99% of investors out there prefer to learn this way, that includes myself, gone through at least 4 bear markets in the last 17 years.)
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  #198  
Old 17-03-2008, 08:48 AM
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gold's now @ 1022.

Uob would probably retail it around 1566. That's almost $50 increase since last thursday.
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  #199  
Old 17-03-2008, 09:19 AM
isc70087 isc70087 is offline
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seems like dollar index reaching for 70 ... and yen reaching for 95 ... chf no longer parity with dollar ...

and jp morgan has cleaned out bear stearns for $2 per share ... gosh ... wonder if the public has access to buy at that price ... super lelong ...

Last edited by isc70087; 17-03-2008 at 11:57 AM.
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  #200  
Old 17-03-2008, 10:05 AM
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Quote:
Originally Posted by goldflation2013 View Post
gold's now @ 1022.

Uob would probably retail it around 1566. That's almost $50 increase since last thursday.
Goodness! what is happening? $1027 now. Looks like the mass consumer are swarming in.
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