GOLD ...GOLD ....GOLD were we going from here?
- Thread starter gimp570
- Start date
I think today was options expirations on the oct contract. There were a buttload of calls written @ 390 (like 7500 contracts or something), and thats why it had to be pushed down today.
Normally, I would expect a pretty dramatic selloff from here, but the physical market has been so strong that I wouldn't bet on it.
So I guess the answer is, I don't know, but the LT direction is up.
--laz
The very definition of unattractive are the financial (i.e. non-real) instruments of a debtor nation who's trying to reflate their economy.
America is a House of Cards.
The USD is toast.
The Dollar price of Gold goes much higher.
Regards,
Dr. Zhivodka
America is a House of Cards.
The USD is toast.
The Dollar price of Gold goes much higher.
Regards,
Dr. Zhivodka
I'm in agreement with the good doctor ... that the USD is toast and that gold and silver will do well.
The only thing that could stop this is if the printing press was turned off. In that situation you would have a replay of the early 1930s and a deflationary depression.
I doubt Greenspan and co will let that happen.
The only thing that could stop this is if the printing press was turned off. In that situation you would have a replay of the early 1930s and a deflationary depression.
I doubt Greenspan and co will let that happen.
Quote from axeman:
I really hate agreeing with you
But at least this does assume, that nothing changes
in the future. Maybe the government will do something
right and prevent the card collapse?
Ok ok... I was dreaming.
peace
axeman
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Will give you an opinion much better than mine;
$XAU went further than $155.55.
Actually went .05 further.
The streets are paved with gold.
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Dvidends are fun also, wise balance with tek stocks which have no dividends, generally.