Why Gold is jumping?

Quote from daddyeaux:

when the Fed. says it will stop publishing M3 data.....me thinks something is amiss...

the Fed. never offered an explaination...not even a bad one
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true and look what gold has done from just that exact announcement day. :)
 
Quote from originalskunk:

How many ounces of gold does it take to buy the dow?

http://stockcharts.com/def/servlet/SC.web?c=$INDU:$GOLD,uu[m,a]daclynay[df][p][i]&pref=G
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I saw the chart. The implication (according to the gold bugs) is that the Dow has lost much of its value when you price it in "real money" as opposed to the inflationary fiat money.

There is a fault with that view. Gold is not a monetary constant. It is not the financial equivalent of the speed of light. It has its own supply and demand considerations and is highly volatile quite apart from its role as "true money." Yes an ounce is an ounce. But the demand for that ounce changes and seems to overshadow gold's ability to represent a steady, non-inflated supply of money.
 
Quote from daddyeaux:

dollar doing a cannon ball..........

big al to the rescue
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well... I was about to hit up Costco for couple cases of toilet paper...

but Greenie saved me the trip..

I am just going to use $bills now !!!


All aboard
 
http://www.yutaka-shoji.co.jp/english/market/chart/gold.html


was scrolling reuters wires and saw this ...
october ? strange ... that they would buy gold so far out in the future on TOCOM

-The key October gold futures contract on the Tokyo Commodity Exchange fell by the daily 75-yen limit to 2,005 yen per gram as investors unwound buy positions after pushing it to an 18-year high of 2,155 yen on Monday.-

-But between now and Christmas it will become increasingly illiquid-
 
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