Why Gold is jumping?

daddyeaux · Dec 9, 2005

I think you mean Dubai gold is now traded "publically"...

why mess with silly COMEX position limits and audits

MacroEvent · Dec 9, 2005

http://www.dgcx.ae/Products.htm

they have their own electronic exchange now to trade a gold futures contract --- why not be the "house" in a big stakes poker game?

SethArb · Dec 11, 2005

is monday the top or the next squeeze higher ?

holiday time approaching ... could be some quick
movements either way before things quiet down
end of the month / yr ...

here is a chart for tonight's gold market in japan
where it is monday am

www.yutaka-shoji.co.jp/english/market/chart/gold.html

MacroEvent · Dec 11, 2005

HOOOOUUUUUUAAAAAAAAAHHHHHHHH!

holy cow --- what a run! :eek:

howardy2k · Dec 11, 2005

Any truth to the rumor that the gold cartel is losing its hold on the price of gold? I think the oil dollars and hedge fund will take this baby to new heights ie oil 05

daddyeaux · Dec 11, 2005

this has a 1980ish feel to it................

$543 basis March is the .618 fibbo pull up going back to 1980...

if it clears that, who knows

SethArb · Dec 12, 2005

dude ... hope that was typo !

FEB is lead month in gold futures
but I get your fib drift

if tomm is anything like tonight
that will be some opening bell on COMEX !

The Kin · Dec 12, 2005

I thought the Canadian dollar is a good proxy for gold. But it's been sideways for the last couple of weeks. Gold should be pushing it higher, no?

The Kin · Dec 12, 2005

err nevermind - it's moving now in the right direction.

Hook N. Sinker · Dec 12, 2005

I am not so sure the value of gold is going up. The value of currency - lots of currencies - might be going down. Maybe it just appears that the price (exchange rate of gold to dollars) is increasing.