Gold or other Precious Metals?

[usmbtech]

Anyone think we've seen the bottom in Gold for a while? It's having a nice bounce today.

 

[Valerie]

yeah i think we are at a bottom here..

1150 was supposed to be the approximate technical bottom support level and then it dipped a bit lower than that.

 

[Valerie]

i figured the lower fuel costs is what gave it room to go a little lower...

 

[Valerie]

the technical experts say there isn't much room to go lower than that because of the cost of getting it out of the ground..

 

[Valerie]

 

[Valerie]

i was thinking maybe there's room to push it down to around $950 but i doubt it.

imo the long term risk/reward from here is very good.


Technical Gold Charts and Data - London Fix

 

[sjay]

i was thinking maybe there's room to push it down to around $950 but i doubt it.

imo the long term risk/reward from here is very good.


Technical Gold Charts and Data - London Fix

It's probably bottomed out,but so what.It can stay at the bottom for years look at it's history. 5% to10% of your assets as a hedge is allright but as an investment it;s a lousy play.

 

[william the wie]

the technical experts say there isn't much room to go lower than that because of the cost of getting it out of the ground..

That's true. But given the price divergence between paper and physical gold keeping track of the real price is difficult.

 

[dascrow]

I think long term you will do alright. It's only going to get more expensive to pull it out of the ground.

 

[Snouter]

So sad "end time" idiots who believe in the jewish/christian book of bullshit bought gold at the highs for fear of an FOX news Apocalypse. As far as an investment, is GOLD a critical factor in anything consumers buy today?

 

[sfnssie]

The chart of GG looking strong.

 

[longknife]

I just read a piece on a financial site that so much gold and silver is being purchased that the supplies are becoming strained.

Does that mean the prices will climb?

 

[Agit8r]

As long as the dollar remains strong, it is unlikely to go up significantly.

 

[Dovahkiin]

Gold is a silly investment.

 

[longknife]

Gold is a silly investment.

Please explain

 

[Picaro]

As long as the dollar remains strong, it is unlikely to go up significantly.

Relative to the U.S. dollar, yes, but the opportunities for arbitrage among several other currencies on a gold basis are pretty high.

One can't go by just the daily spot market prices; gold trades at both retail and wholesale prices. Daily spot market prices are only of interest to speculators and those who need some liquidity for other reasons.