What happened to gold this week?

greenspun.com : LUSENET : TimeBomb 2000 (Y2000) : One Thread

It looked like gold was heading northward and then this week it abruptly turned around. I would like to hear from someone that has an idea about what is happening. Thanks

-- rcwhite (cw5410@netscape.net), October 20, 1999

Answers

For the spot price of gold:
http://mrci.com/qpnight.htm
http://www.kitco.com/gold. graph.html

For the spot price of silver:
http://www.kitco.com/sil ver.graph.html

For the spot price of platinum:
http://www.kitco.com/p latinum.graph.html

For U.S. Markets and stock quotes:
http://finance.yahoo.com/?u

For Major World Indices:
http://finance.yahoo.com/m2?u

Sincerely,
Stan Faryna

Got 14 days of preps? If not, get started now. Click here.

Click here and check out the TB2000 preparation forum.



-- Stan Faryna (faryna@groupmail.com), October 20, 1999.

Just as the stock market goes up and down. so too does the metals market. The down trend in this cycle is over and is heading up for the time being. Up $1.40 in over night trading.

-- no spam (no@spa.none), October 20, 1999.

Probably the best of the best opinions, editorials, analyses, and all round guesses as to what gold is doing and why, can be found at www.gold-eagle.com. Just click on the various categories, and definitely check out the forum.

72 days.

-- Jack (jsprat@eld.~net), October 20, 1999.

Thank you for the good links and advice. Its much appreciated.

-- rc white (cw5410@netscape.net), October 20, 1999.

Remember two things.

1. gold is in serious demand right now, both off the street and within the paper trading structures of bullion banks and their investors as well as heavy purchasing overseas.

2. the price of gold is pegged to the paper trading price, not the actual demand value. Paper trading and leasing is drying up, therefore the price is dropping. At some point, since there is a huge shortage of the metal, gold will unhinge itself from the paper trading price and move upward uninhibited to a price in line with demand and conforming to correct value in terms of dollars far beyond what it is valued at with todays dollar.

-- OR (orwelliator@biosys.net), October 20, 1999.



OR,

correctimundo.

It's aready happened with silver... try buying 100oz bars at the spot of $5.40...

Gold too...

Try buying any bullion in quantity at the spot price of ,$310 or so...

I've heard figures of $400 mentioned...

Now is time for the "little guy" who just wants coins or 10oz bars to get in...

Be quick.

-- Andy (AUVENGER@cs.com), October 21, 1999.


Moderation questions? read the FAQ