frank c Posted September 17, 2014 Share Posted September 17, 2014 Gold just hit $1217.00 that's the lowest its been in some time it seems to be taking a drive deeper than it has in the past 6 months or so.It was breaking into the 1300's on and off but settled back into the 1200's and now looks like its Tanking on a downward trend.There wasn't any great jump around September as it usually does because of India's weddings and all the gold they purchase around that time of the year,........????????????????I don't like it. Quote Link to comment Share on other sites More sharing options...
Terry Soloman Posted September 17, 2014 Share Posted September 17, 2014 Time to buy! 1 Quote Link to comment Share on other sites More sharing options...
frank c Posted September 17, 2014 Author Share Posted September 17, 2014 Time for YOU to buy Terry. By this time next month I hope to be selling. Quote Link to comment Share on other sites More sharing options...
weaver hillbille Posted September 18, 2014 Share Posted September 18, 2014 I suppose those in the stock market and war hawks are pushing it down. Silver's down ,too, into the 18 buck range. To say there's going to be/is consolidation in the mining sector is an understatement, as the cost to mine can be greater than the return. A couple of not so "hard and fast" rules:Stock Market gets happy- commodities( some)tank, as they are a hedge against the "uncertain" SAme thing when world tensions rise- but only if US projects strength. Yes, it is a time to buy if you have disposable income........ but what will happen next year when GE comes out with theirMR FUSION power source/gold reactor- in go fishing weights- out comes gold. It will bankrupt all conventional Au mining plays. Quote Link to comment Share on other sites More sharing options...
Goldbug Ron Posted September 18, 2014 Share Posted September 18, 2014 By tanking, do you mean $250 an oz? Be there, done that. Now all the gold that I found at that price is super inflated.Over the past several months I have noticed that as the price of gas has very slowly come down, so has the price of gold. Just a thought.Goldbug Ron Quote Link to comment Share on other sites More sharing options...
weaver hillbille Posted September 18, 2014 Share Posted September 18, 2014 Yup, there's an oil glut and refining capacity is amped up. Quote Link to comment Share on other sites More sharing options...
Rimshot Posted September 18, 2014 Share Posted September 18, 2014 I can not tell a lie. I single handedly put gold into a tail spin 9/10/2014 ($2048 oz). I bought 1/2 ounce and gold has been in tail spin ever since. The following day I read an article. This jack azz was predicting gold would go down to $700 an ounce...............................Hope he's wrong.whaaaaaaaaaaaaaaaaaaaaaaaaaaa!!!!!!!!!!!!!!!!!! 1 Quote Link to comment Share on other sites More sharing options...
Hoser John Posted September 18, 2014 Share Posted September 18, 2014 Nothing is real anymore as markets manipulated by the ultra rich. Hurt me BAD as 1/3 of gold prices gone in a year so my backup against the dollar in deep doodoo. Seen worse,much worse but miss $1.900 much-Everything else in this world of insanity is in the crapper so why not this also John 1 Quote Link to comment Share on other sites More sharing options...
GeoJack Posted September 18, 2014 Share Posted September 18, 2014 I'm staving off any issues by keeping all my gold in the ground. I'll just go dig it up when the market gets back up. 2 Quote Link to comment Share on other sites More sharing options...
frank c Posted September 18, 2014 Author Share Posted September 18, 2014 gEOJACK I LIKE THAT I THINK YOU HAVE THE SITUATION DOWN PAT !! Quote Link to comment Share on other sites More sharing options...
TomH Posted September 18, 2014 Share Posted September 18, 2014 I'm staving off any issues by keeping all my gold in the ground. I'll just go dig it up when the market gets back up. Thanks for my laugh today! Tom Quote Link to comment Share on other sites More sharing options...
GeoJack Posted September 18, 2014 Share Posted September 18, 2014 Don't get me wrong, I'll still be detecting, but what I find I'm putting right back in until this straightens out. Quote Link to comment Share on other sites More sharing options...
Mike Furness Posted September 18, 2014 Share Posted September 18, 2014 Quote Link to comment Share on other sites More sharing options...
frank c Posted September 18, 2014 Author Share Posted September 18, 2014 Yes happiness is that it doesn't go below 1200 Quote Link to comment Share on other sites More sharing options...
El Dorado Posted September 18, 2014 Share Posted September 18, 2014 When I started seriously mining for gold in the mid 80's gold was $240/OZ. as far as I am concerned the price is still high and does not bother me at all. Mind you I would not care one bit if it went north of $2000 Quote Link to comment Share on other sites More sharing options...
frank c Posted September 19, 2014 Author Share Posted September 19, 2014 Well when it hit 1800. I let go of some that I had detected when it was 400.I sure do like to see it over 1300. Quote Link to comment Share on other sites More sharing options...
Relichunter2 Posted September 19, 2014 Share Posted September 19, 2014 Its still high....its all relative .....if you got gold..and you have not much time....sell and enjoy it....go on a vacation, buy a car, maybe a steak for dinner more often. But if you got more time....sit on it, and wait until it cycles again. It a usable resource, more out there.....fear sucks.... I was detecting when it was 280 per ounce and will continue..its a passion regardless. Quote Link to comment Share on other sites More sharing options...
Hoser John Posted September 19, 2014 Share Posted September 19, 2014 Will never stop as have gold from 1956 still and all my stash is marked as to who/what/when/cost to mine so still plenty of profit BUT sure like the sound of $2k much better I'd never bury gold as that's how it was found in the first place and everyone and his brother now detecting so risky even in your own yard-John Quote Link to comment Share on other sites More sharing options...
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