Gold price watch test.

[grasshopperglock]

http://www.apmex.com/spotprices/gold-price

1340.10. Down $22.90.


Peaked in 2011. Occupy wall street, Giffords takes a bullet, etc. Now it's headed up again.

 

[V-Tach]

Silver back below $20.00/ounce today as well.....

 

[TheDan]

Silver back below $20.00/ounce today as well.....

With silver I'm very unhappy if it's between $18 and $35 an ounce

 

[ScorpionHunter]

It's the jobs report. The idea is that a stronger economy makes the Fed more likely to raise rates, which would make the dollar stronger. Generally, stronger dollar = lower gold and silver.

Interesting that crude oil has rallied back after dropping this morning. Short term I think that's a better buy than gold because of the carry trade. But who knows.

Dan, what do you have against 18 and 35? You long some strangles?

 

[TheDan]

Dan, what do you have against 18 and 35? You long some strangles?

I'm a buyer under $18 and would be a very happier seller at $35. Otherwise I just hold what I have. I might change my mind and buy some more, tho. Anything under $20 is ok really...

I like silver because I'm too poor to play with gold

 

[Sugar Land]

I'm a buyer under $18 and would be a very happier seller at $35. Otherwise I just hold what I have. I might change my mind and buy some more, tho. Anything under $20 is ok really...

I like silver because I'm too poor to play with gold

This.

 

[ScorpionHunter]

I calculate about a 50% probability silver touches $18 by the end of the year. You might get your chance to buy some.

 

[Texasjack]

Metals are commodities. If the price gets high enough, it becomes affordable to open up more mines. More stuff mined, prices fall. The prices are - and always will be - cyclic. Be very, very careful of anyone who tries to tell you it's poised to shoot straight up and continue forever. (I've heard the sales pitch.)

 

[coachrick]

Don't care about gold...care a LOT about natural gas prices. Had to sell all our gold with nat gas in the dumps for a LONG time now! Dang!

 

[grasshopperglock]

Somebody crapped $1.5 billion in gold into the futures market.

Kilo is down -$543.43.