Gold Discussion

[Shipwrx]

Personal interest of a non traditional nature makes me keep track of the going rate of Gold... More of a habit than anything else really.

However I can't help but notice the following charts and speculate as to what it means in reference to world economic events.

Do these charts signal anything to you?

http://www.kitco.com/LFgif/au0030lnb.gif

http://www.kitco.com/LFgif/au0060lnb.gif

http://www.kitco.com/LFgif/au0182nyb.gif

http://www.kitco.com/LFgif/au1825nyb.gif

http://www.kitco.com/LFgif/au3650nyb.gif

[malum]

Do these charts signal anything to you?





early retirement...

;)

[Shipwrx]

early retirement...

;)

Hope thats true for you.

However I suspect it represents signs of looming dramtics economic woes world wide.

[Shipwrx]

This chart should update automaticly... I hope anyway.

http://www.kitco.com/images/live/gold.gif

[NYer]

What the price of gold (http://www.sierratimes.com/06/04/27/Paul.htm) is telling us.

[exitwound]

time to get me some gooooooooold

[justme]

Hope thats true for you.

However I suspect it represents signs of looming dramtics economic woes world wide.

I think so too. Also silver is way up there.

Exitwound- better buy before it's all gone! :)

[Ethyl]

paladium. =)

[Shipwrx]

This chart should update automaticly... I hope anyway.

http://www.kitco.com/images/live/gold.gif
WOW!

[NYer]

The case for Lower Gold. (http://www.marketwatch.com/News/Story/Story.aspx?guid=%7B4FB2AF34%2D7DF3%2D4075%2D88FE%2 D0715FE893097%7D&source=blq%2Fyhoo&dist=yhoo&siteid=yhoo&print=true&dist=printBottom)

Despite the recent pullback, gold and silver are very much in fashion. The fact that history has witnessed recurring periods of Au and Ag mania is evidence that Mr. Barnum's estimate of the birth rate is merely a lower bound.

Just listen to the din coming from the circus touts, ringleaders, and big top patrons themselves:

"Silver at $40 an ounce! Invest now, don't miss out!" screams the latest get-rich-quick pamphlet to litter my desk.

"Gold at $2,000?" queries the headline on one of my favorite on-line investing sites.

"Gold is the best investment that a housewife can make," I was recently informed by a member of said caste.

Indeed, the past few years have generated a frenzy of speculation in precious metals investments. But a broad-based fall in precious metals prices, if not imminent, is at least inevitable. Any interest in precious metals (as distinct from mining companies' stocks, which are better long-term investments but subject to their own set of limitations) as anything other than a disaster hedge, a short-term gamble, or jewelry is grossly misdirected.

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