elder-miner Posted August 31, 2012 Share Posted August 31, 2012 Quote Link to comment Share on other sites More sharing options...
frank c Posted August 31, 2012 Share Posted August 31, 2012 Its playing towards making its yearly high.Last year I think it was in Oct. it hit its high Quote Link to comment Share on other sites More sharing options...
DolanDave Posted August 31, 2012 Share Posted August 31, 2012 I wonder if Bernanke told his family and friends to buy up some gold before his speech ??Dave Quote Link to comment Share on other sites More sharing options...
IDdesertman Posted August 31, 2012 Share Posted August 31, 2012 Sure is an interesting spike isn't it..... Quote Link to comment Share on other sites More sharing options...
elder-miner Posted August 31, 2012 Author Share Posted August 31, 2012 http://www.policymic.com/articles/13953/bernanke-qe3-hint-sends-gold-and-silver-surging-but-more-stimulus-will-not-happen-any-time-soonQE3 is getting closer. Gold could hit $2k with ease, if the Fed pumps more funny money out. Quote Link to comment Share on other sites More sharing options...
lotsa luck Posted September 1, 2012 Share Posted September 1, 2012 Silver followed along today almost perfectly but could not find a reason for the spike that made any sense to me. Quote Link to comment Share on other sites More sharing options...
Nugget Shooter Posted September 1, 2012 Share Posted September 1, 2012 Is odd..... Quote Link to comment Share on other sites More sharing options...
GlennM Posted September 1, 2012 Share Posted September 1, 2012 Bernake (head of the Fed) stated they are not going to do anything right now to ease economic woes. Basically said you're SOL.With that, within the half hour, gold started to climb.It always reacts fast to the Fed talking. And when it's not economically favorable, precious metals go up.I watched it jump $10 almost during his speech. Quote Link to comment Share on other sites More sharing options...
elder-miner Posted September 1, 2012 Author Share Posted September 1, 2012 Our total Income Tax collections are $865 billion and our deficit is running $1.35 Trillion. To make up the difference, Bernanke has printed $2.3 Trillion in new money which has kept interest rates down which has and will continue to devalue US dollar.When interest rates return to normal 5% to 6% just the interest on our debt will be more than our total Income Tax collections and we will see rampant inflation. Congress is paralyzed in a treasonously self imposed stupor like a deer in the headlights of a speeding diesel semi-truck as the nation approaches several fiscal cliffs. Even the Super Committee could not reach any consensus on how to control the federal deficit budget spending. A Presidential election is looming. Food, fuel and about all other costs are rising. Unemployment remains uncontrollably high, the economy is wallowing in a deep muddy pit. Politicians are stupefied waiting for catastrophe to hit. Some SHTF scenario will happen sooner than later. Incredibly, civil unrest & riots are a possibility if things continue to get worse. You could well see gold prices go to $2500 in the not far distant future. Possibly higher.I thank God, over the years I had the foresight to provide myself and family with a defensible sustainable, isolated refuge in case chaos raises it’s ugly head. Quote Link to comment Share on other sites More sharing options...
Desertsunburn Posted September 1, 2012 Share Posted September 1, 2012 I was right in the middle of buying gold at the time of the speech! I was piecing out two lots and checked the pricing twice during the event. Paid more for the last lot than I did for the first lot by about $1/gram! First time that happened to me in the middle of a buy!We knew this was going to happen, just did not know which way it was going to go based on what the feds were going to do.More buying today!! Jim Quote Link to comment Share on other sites More sharing options...
Hoser John Posted September 1, 2012 Share Posted September 1, 2012 The largest user of gold hits every year at this time as brides in India,one of the largest consumers, mandate a dowery of gold in any shape and form so prices historically peak this time a year. John Quote Link to comment Share on other sites More sharing options...
Hoser John Posted September 2, 2012 Share Posted September 2, 2012 YAHOO PEAKED FRIDAY JUST SHORT OF $1700-go gold go-John Quote Link to comment Share on other sites More sharing options...
elder-miner Posted September 13, 2012 Author Share Posted September 13, 2012 Watch it today.......... Quote Link to comment Share on other sites More sharing options...
Nugget Shooter Posted September 13, 2012 Share Posted September 13, 2012 They just announced they will be printing more money at the rate of 40 billion a month, didn't say how long. Watch gold now! Quote Link to comment Share on other sites More sharing options...
Sonoran Dave Posted September 13, 2012 Share Posted September 13, 2012 Kitco says its up 34.00 so far today $1762 Quote Link to comment Share on other sites More sharing options...
GlennM Posted September 13, 2012 Share Posted September 13, 2012 Oh crap. Here we go again.Up $35.80 now Quote Link to comment Share on other sites More sharing options...
Hoser John Posted September 14, 2012 Share Posted September 14, 2012 GETCHA GETCHA HIGHER Quote Link to comment Share on other sites More sharing options...
Desertsunburn Posted September 14, 2012 Share Posted September 14, 2012 Silver followed along today almost perfectly but could not find a reason for the spike that made any sense to me.Bernake spoke.I worked till 9 PM last night buying gold and silver. Wooooo Hooooo Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.