It's moving so much, gold may break through $1800 overnight.
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It's moving so much, gold may break through $1800 overnight.
eZ, hmmm, dont think tonight for $1800 as there seems to be a bit more green showing up globally.
But then this all could be short lived because who knows whats really going on with this whole show, which currently is the greatest show on earth at present..lol
Any bad news or uncertainty then kaboom, straight to your 18 target, thats fer sure.
Keep buying gold boys. It's as safe as houses. LOL
In the meantime, what's happened to silver? Going southbound.
yeah funny times when you see the Silver comex bullion levels dropping great buying Silver bullion over gold IMHO Gold will correct from here back to the 1600's IMHO Silver should hold round these levels before breaking out to new highs later this year Oct-Nov IMHO
HUI up 4.48%
latest from- Marc faber -
http://www.youtube.com/watch?v=gnI_HQWvDd0
Thanks for that JB, I also keep an eye on club.ino.com, this blog overnight. http://club.ino.com/trading/2011/08/...on-of-failure/
Or maybe Gold will keep rising,shorters getting crushed LOL -GOLD-1790oz USD-$1756AUD
http://kingworldnews.com/kingworldne...erything!.html
When asked about shorts who have been badly mauled he responded, “Well what’s happened with the shorts that were in there is they were absolutely crushed on that overnight rise on Monday. There were some margin calls on some serious players. There were some anguished faces on Monday.
These guys in London woke up with their asses handed to them and I don’t think some of these guys will ever be short again, if they are still in business. So some of these perennial shorts that have always joined in the party got screwed, I mean literally lost everything. For the ones that didn’t lose everything, they certainly lost an awful lot.
Gold just gapped up and didn’t come back and these guys were heavily short. I believe there is still enough momentum to push gold into the $1,800’s. We are moving into season now and things are happening in China that will impact the markets in due course. Because we have been seeing that point of capitulation, we have been witnessing some dramatic moves as the shorts have been mauled, and as I mentioned, in some cases to the point of ending careers.”
The voice of the herd.
Gold went up 6X before it crashed in 1980. Gold's now gone up 6x in the last few years and the gold chart is just as exponential as the greatest wipe-out of all time, the $5 trillion dollar NASDAQ crash.
It's getting very exciting.