Guest Posted August 20, 2004 Report Share Posted August 20, 2004 Gold moved in all major currencies today! Link to comment Share on other sites More sharing options...
Guest Posted August 20, 2004 Report Share Posted August 20, 2004 Sterling! Link to comment Share on other sites More sharing options...
Guest Posted August 20, 2004 Report Share Posted August 20, 2004 Japanese Yen! Link to comment Share on other sites More sharing options...
The CoinGuy Posted August 20, 2004 Report Share Posted August 20, 2004 Pretty Serious move in Sterling Maxxi...Nice to see this all around. TCG Link to comment Share on other sites More sharing options...
faramir Posted August 20, 2004 Report Share Posted August 20, 2004 Sterling! The pound price and aussie price of gold have actually been in a bear market the last couple years. The worse gold performers next to the Rand price. It would be good to see some confirmation in those currencies. And the Euro, which makes me comfortable as long as the price is over 330 in Euros. Link to comment Share on other sites More sharing options...
The CoinGuy Posted August 20, 2004 Report Share Posted August 20, 2004 A little buying into the close... TCG Link to comment Share on other sites More sharing options...
D_A_N Posted August 20, 2004 Report Share Posted August 20, 2004 gotta love the strengh of SA's GFI, HMY, AU the leveraged golden players. Link to comment Share on other sites More sharing options...
Tig 'Ol Bitties Posted August 21, 2004 Report Share Posted August 21, 2004 I never owned any physical to be honest. I don't know why. I still remember that Thor once said he bought some. I'm interested to hear why and how people buy physical gold and perhaps silver. And how this proportionates to their gold stock portofolio's. Sometimes, I think I should use 10% of my money and buy physical with it. Any thoughts? I own physical and treat it as an insurance policy. Currently about 16% of my liquid assets are in gold and silver bullion. Nothing special, mainly PCGS-69 Eagles now, but I do have a variety. Maples are by far my favorites as they are just pure in appearance and content and they make up the gold along with Phils, Pandas, Kangaroos, bars and a few Krugs. I also hold physical silver in 10 and 100 ounce bars...holding 6.857 pounds of silver in your hand is a nice feeling. I plan on bringing my allocation higher in the coming months (up to 20-25%) as gold is probably rangebound for the next few years. I also dont plan on ever selling it all, as I will unload a bunch in 4 digits on a parabolic spike and keep the rest in the family forever. Started buying in '02 and havent found a reason to stop doing so yet so I continue... To me, not only are the precious metals beautiful in their appearance, but also in their timelessness. I figure if I could walk into a bar and get a drink with it 200 years ago and could do the same thing today (and get a boatload more drinks!), why wouldnt my kid's kid's kids be able to do so in another hundred. Link to comment Share on other sites More sharing options...
Tig 'Ol Bitties Posted August 21, 2004 Report Share Posted August 21, 2004 This one of mine is out of the box. If it manages to close above C$ 2.30 it could go places next week. (USD equivalent 1.75) Of all the gold mining stocks out there, NXG is the one I most want to see succeed. It is not my largest position (NEM), but I am impressed with everything they have done. Take a great bankrupt mine, creditors take control, creditors install quality management from affiliated mining companies, mine becomes profitable, creditors sell stake to let the little pup run on its own. Its a hollywood success story so far.... Link to comment Share on other sites More sharing options...
traderfromhell Posted August 21, 2004 Report Share Posted August 21, 2004 Something to watch early next week. Bullish engulfing candle in the dollar. Short term bottom in? Short term top in in the Gold Indices Gold and Silver. We still need to close above 6.90 to indicate much higher in the short term. Link to comment Share on other sites More sharing options...
traderfromhell Posted August 21, 2004 Report Share Posted August 21, 2004 Although I think we go much higher long term we may have seen a short term high in Crude today. Preliminary target 48-49 hit today. Closed well off the highs. Shorter term 55 is a possibility but I think this just might be it for now. Link to comment Share on other sites More sharing options...
Gold Majestic Posted August 21, 2004 Report Share Posted August 21, 2004 Gold moved in all major currencies today! Lesson 9,642: Well goobers, please don't take this wrong way but generally, anytime gold outperforms the world reserve currency, the US dollar, on a day that the world reserve currency closes up, you'll find that gold also outperforms all major currencies who trade against the world reserve currency. Given these circumstances, it would be surprizing if it didn't do so. Later tonight or possibly tomorrow when I have some time, I'll try posting a few charts to help explain why gold will continue to head up without beating the dead horse, US dollar ? aside from occasional bear market relief rallies, it's toast. Link to comment Share on other sites More sharing options...
Moon Man Posted August 21, 2004 Report Share Posted August 21, 2004 Thanks TCG. Nice list and good to have another 'regular' on board. Thnaks TOB(Tig 'Ol Bitties), and would like to continue the NGX debate on monday. That'd be greatly appreciated, GM. Friday, the HUI made a high of 211, fell back to 205, and closed at 209. There are two bullish scenario's to consider at the moment, IMO. 1) We almost go up in a straight line to the target area of 230-240. 2) We backtest the lineair support area around 202. Link to comment Share on other sites More sharing options...
Moon Man Posted August 21, 2004 Report Share Posted August 21, 2004 Didn't do a lot, but sold some GSS and HMY in the morning, and rotated into NSU.TO in the afternoon. The Moonbag now holds NG, NXG, HMY, GSS, AUY, NSU.TO and FR.V. Quite a number of my stocks were sold off into the closing. Maybe I should have sold some more. Then again, I still perceive the greater risk to be out of the market at the moment. See you on monday in the office, goobers. Link to comment Share on other sites More sharing options...
traderfromhell Posted August 21, 2004 Report Share Posted August 21, 2004 Hey Moon straight up from here is probably the way the shorts are feeling about now in the miners. This stock however looks like it won't go straight up from here. Link to comment Share on other sites More sharing options...
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