GOLD price

geez the gold price is sinking faster than a submarine at the moment going by the charts.

whats happening out there?

doesn't look good for the short term .

regards
oneday

Hi Oneday
The truth is the whole system is rigged,but the day is coming when the will not be able to keep it up.
Germany want their 1600 odd tons back, the US said that they would give them back 300 tons over 7 years,but all the got back over 12 months was 5 tons,that says they have not got it,it has been used to suppres the price.
Here is some good reading on the suppresion

http://www.silverdoctors.com/tag/gold-manipulation/

Regards Frank

Yep Ray , more down for gold unfortunately by the looks of the trend & as the traders say , the trend is your friend .

geez--aussie dollar down and gold on a slide.

regards
oneday

So much for the $2k-$5k predictions by Xmas..... Noooo, that was last year, wasn't it??

it quietly goes up to $1400 due to a weak AUD.

Thank god we are not trading Iron Ore. $78 per ton.

Just shows u how dumb this aussie government is in not turning the tap off like the Arabs sheiks do when oil goes below $90 a barrel.

But I suppose the vast majority of members on here don't have to sell gold to keep shareholders happy but there are a few professional prospectors on here that are cautious when to sell and when not to.

I don't think we will see $4k per ounce this year either--would be nice though...ah well another spin doctor will come again and get his predictions in the print so long as they r extraordinarily false.

regards
oneday

starting to get delirious, dyslexic and now down right dizzy--couple of weeks ago she hit $1360 and now $1430 give or take--

someone is playing a funny game with a very good currency..certainly too unstable.

regards
oneday

Might sell the 342 Tonnes i have
Whoops! i meant oz's

oneday wrote:starting to get delirious, dyslexic and now down right dizzy--couple of weeks ago she hit $1360 and now $1430 give or take--

someone is playing a funny game with a very good currency..certainly too unstable.

regards
oneday

Playing with it the same way they played with the stock market in the past few weeks. one minute shares are down coz there was a trumped up panic about Germany and the next minute shares are higher than they have been for awhile.
it's called manipulation by those who can do it. and I believe in conspiracy theories.

An interview with Kitco on 7 October.  you might get ya wish with the gold price.  I dunno and its amazing how the stock market has rebounded in the last week.
Manipulation ??  

The Oz dollars is down and hence gold is up (I guess). Seems to be holding $47/gm over the last week and did touch $48 briefly.

Fingers crossed for the NY.

that's pure gold--$35 is more realistic I think for nuggets and shrapnel..

regards
oneday

One opinion on where gold price is heading -
"Gold doesn’t offer yield. And it will be smashed by the bullish US dollar.

When gold was trading at US$1,350 per ounce in early August, I explained to you how it’s falling to US$931 next year. It’s now trading at US$1,221.80 per ounce. I’ve shown Diggers and Drillers readers a detailed monthly analysis on gold and silver. If you’re interested in knowing where gold is heading in 2015, click here."

Extract from -
http://www.dailyreckoning.com.au/dow-jones-coming-bull-market-mean-resources/2014/12/15/

geez the aussie Dollar hits /81c today so it may rebound the gold price even past the $1500 mark and make next season a whole lot brighter..

one can only hope..

to work or to prospect?

regards
oneday

Going to be a long time dead. Prospect!

So much ground.................so little time..........


Driller

yep just another spike heading towards the heavens..

might b a merry xmas yet.

regards
oneday

maybe right Ray , the euro & swissy had a huge currency adjustment in one day ,franc de pegged from the euro he did & there could be  big bank dramas coming up & gold may go to the moon .

seems like there is resistance at $1650 AUD and a low of $1615 so will see which way she is determined to go-- my guess is up,

regards
oneday

with interest rates dropping like a tonne of lead and a low au$ we could see $1800 plus by xmas maybe more.

I hopeit keeps going up by $100 every month.

regards
oneday

gold cetainly has the mood swing going--trying to find a base yet surging back up.

its lucky we r all patient buggers..

regards
oneday