Looks Like Gold Will Break the $1,800 mark SOON.

Looks like gold will break the $1,800.00 mark tonight in overseas market trading. Silver has not performed as well as gold lately, yesterday silver prices were declining while gold was solidly advancing. Strange times, strange economic data. Maybe things will change on Jan. 20, 2013...

As of this post........40 cents to hit $1800.00

Now @ $1805.00. I wonder if after gold shakes out, if silver will start to escalate? It seems artifically low at this time in comparison to gold.



Edited 1 time(s). Last edit at 08/10/2011 10:25PM by TerraDigger.

This must be turning out to be the second gold rush for detector manufacturers & retailers What with the prices of the yellow stuff, everyone and their mother is buying water machines to hit the beaches. I wonder how many beach detectors Kellyco & all the other shops are selling now versus say a year or two ago. E-V-E-R-Y-O-N-E's making money; the gold buyers, the gold sellers, detector makers & retailers, etc. This really has been a blessing for a lot of people...detectorists included



Edited 2 time(s). Last edit at 08/11/2011 02:24AM by njnydigger.

this may be the predicted climb to $5000.00 i think when it gets to about $4500.00 you will see a massive sell-off.
chuck.

Yes....... gold just exceeded $1800 on the International market. And........gold just exceeded the price of platinum. Certainly looks like 'run-away' prices scenario. xxxxxxxx DANGEROUS.

could represent an excellent buying opportunity for silver!
buy and hold,and of course!..FIND!

(h.h.!)
j.t.

In the past it was pretty exciting to see stocks go up and of course gold. But now it seems like a countdown of sorts.

Isn't it amazing that as soon as gold starts to escalate to its real market value and the U.S. gets downgraded for credit worthiness, the U.S. government's economic data released today paints a rosy picture and the bleeding on Wall Street stops. What blatant manipulation of economic statistics. Plus yesterday's manipulation/controls of buying gold futures by the financial sector artificially helped to keep Wall Street from descending to its true values.

Terra, I basically quit trading due to the TREMENDOUS amount of manipulation. It was getting crazy after the internet bubble crashed. At all costs markets were and have been propped up for obvious reasons. I do believe it goes back to the first big stock market crash but in particular the one in the late 80's - where they made it a point to try to not let it happen again, for obvious reasons.

Regarding the data, yeah, it follows the manipulated action. It's like the unemployment figures. 9%? LOL If they used unemployment methods of 20 years ago the unemployment would be 15% - 20%. They keep taking more and more out of the statistics. But many people are waking up to this and that seems to be a part of the process of the illusion being seen through. Don't worry, it all ends good ;-)

A good question is how much longer will the stock market remain stable given current affairs.

The stock market will NEVER cease to operate. Why? Just like a casino, it's a license to print money - a real, living 'gold mine'. It's a sucker bet. Just as in a casino, some people might TEMPORARILY win, but MOST lose it all in the long run. Think about it...

Over the history of the market, it keeps going up, up, up & then BANG, a crash, market 'correction' or whatever else you want to call it. Billions if not trillions of dollars just wiped out. And who loses it? Cops, teachers, mechanics, etc., etc., etc. - the working man. Then, after all that wealth is robbed from hard working people, a new wave of suckers buy in and the process starts all over again. This happens every 5 to 10 years like clockwork. A total sham.

Unless you have the type of money to actually move & manipulate the market yourself (think Buffett, Gates, Soros, etc.) the best you can ever hope for will be to make a small profit over a long number of years.

Sure, SOME working folks are lucky & catch a break occasionally - a hot IPO, timing the market at the right time, etc. - however, in the long run, most of the average Joe investors are just sheep waiting to get sheared

You are 100% absolutely correct in your assessment of the mechanics of the stock market.