GOLD

[trader10]

I'm wondering what gold will do in the next weeks ahead )) I've got physical gold.....and the only stock on hold with gold is AGS....

Russia 'test-fires ballistic missile'

December 9, 2007 - 7:14AM

Russia test-fired an inter-continental missile with new equipment able to pierce anti-missile shields, state news agency RIA said, underscoring Moscow's determination to assert its military might.

The RS-12M Topol ballistic missile, called the SS-25 Sickle by NATO, was successfully launched at 17:43 pm (0143 AEDT) from Kapustin Yar firing range in southern Russia, RIA said, citing a spokesman for rocket forces.

"The launch was carried out with the aim of confirming the stability of the fundamental flying and technical characteristics of this class of missile," Rocket Forces spokesman Alexander Vovk told RIA.

He said the test was part of a trial of unspecified new equipment that could pierce anti-missile shields. Russian generals say the country is working on weapons that would pierce any shield the United States could make.

The launch of the revamped missile comes amid US plans for a missile defence shield in Europe, which Russian President Vladimir Putin has said would threaten Russian interests.

Putin signed a law last week suspending Russia's participation in the Conventional Forces in Europe (CFE) Treaty in a step which could allow it to deploy more forces close to western Europe. The move comes into force on December 12-13.

As configured in 1985, the Topol has a maximum range of 10,000 km, and can carry one 550-kiloton nuclear warhead. The 20.5 metre long missile was designed in the 1970s and made its first flights in 1982.

The last launch of a Topol missile took place on October 18.

Buoyed by huge oil revenues, Russia under Putin has been boosting military spending while at the same time using diplomacy to broaden Moscow's influence.

This week, Russia said it would start the first major navy sortie into the Mediterranean since Soviet times. Eleven ships, including an aircraft carrier, will take part in the sortie and be backed up by 47 aircraft-including strategic bombers.

© 2007 Reuters

[Craig3215]

looks like gold is breaking out of its symmetrical triangle on the daily chart should get up to around 875

[ananda77]

...with the ongoing enormous increase in the amount of paper money in mind (and a pick up in inflation in just a few months time -A SURE BET-), a study by Peter Millar in 2006:

""The Relevance and Importance of Gold in the World Monetary System"

concluded that a 'Seven-fold increase in gold [is] needed to avert debt depression'

excerpts: "In the second half of the 20th century we saw a repeat of the first three phases of the same cycle:

"-- Phase 1: Stability from 1944 to 1968 under a gold standard.

"-- Phase 2: Inflation from 1968 to 1981, which caused and justified another buildup of debt.

"-- Phase 3: Disinflation from 1981 until the end of the 20th century, and maybe to the present.

"However, it appears that Phase 4 (instability and ultimately deflation due to excessive debt) may have started. If so, Phase 5 (revaluation of the gold price to raise the monetary value of the world monetary base and hence reduce the burden of debt) becomes likely or inevitable. The extent of that revaluation would need to be major according to our calculations, probably by a factor of at least seven times, possibly up to 20 times the current price of gold."

read the full study here: http://www.gata.org/node/4843

...and more "Comparison shows gold underpriced by US$ 400" here:

http://tinyurl.com/23tdgu


Kind Regards

[JBmurc]

If you have interest in GOLD check out the latest price 872 it has just hit 2nd gear $900 soon might have to take my profits on me GOLD bull warrant soon 100% profits sounds good

[brookvill]

Gold now trading at above A$1000 certainly great news for unhedged, or lightly hedged producers. this price action has the hallmarks of a very early speculative move in gold.
With the US heading into a recession gold will certainly be on the move up for some time. Interesting times ahead for us gold bugs
.

[Craig3215]

Martin Armstrong told me a couple of months ago that he could see gold moving down to around the 730 area before resuming its move up to 1500 I'm going to start to accumulate now and load up at 730

[arco]

Hi Craig

Good to hear Martin is still following his passion.

The weekly chart is showing both a Gartley and a BF on old resistance, so
the turnaround should not be far away.

How do you trade your gold there - physical or what?

rgds - arco

[patsy]

Hi Craig


How do you trade your gold there - physical or what?

rgds - arco

Apart from GLD as an ETF in the NYSE, I suggest you look at GOLD in the ASX. I bought some bullion through NZ Mint but I think that GLD and GOLD are the way to go. Less hassles and more liquidity.

[shasta]

Apart from GLD as an ETF in the NYSE, I suggest you look at GOLD in the ASX. I bought some bullion through NZ Mint but I think that GLD and GOLD are the way to go. Less hassles and more liquidity.

Golds on the move & looking promising...

Currently at $US877.90/oz & with the FX at .7165 = $A1,225/oz

Gold & Silver to rally hard thru the end of 2008 & into 2009

[arco]

Just wonder if the next stop for Gold is the grey box in the lower RH corner.

.