Well its the 31st March and we havent seen the lows of 900-1000 USD predicted although we did see a retreat to $1080 ish this month.
Last comment by me on this one, We are seeing a down trend and after the EURO good feeling since the IMF agreement has died down we will see further weakness in the EURO and Gold, i am dollar cost averaging at under $1090 level and will buy down as far as $900 if it goes there!!
I couldnt help myself yesterday and purchased some gold at the 1089 USD level about £730, because of the bailout plan for Greece, so we are slightly up today, but longer term Euro weakness is good for the dollar and since Gold is priced in dollars gold will be weaker. One economist said 1.10 Eur to dollar will be about the bottom range and if hes right would represent a good buying opp for gold.
Will keep coments coming until 31st March!! Then i will shut up!
Wow... Broken the USDGold 1091.19 this indicates further weakness for gold! We are at 1090. Were heading for a low towards 31st march. Getting ready to buy at £700 ish or 900-1000 USD.
Well its the 31st March and we havent seen the lows of 900-1000 USD predicted although we did see a retreat to $1080 ish this month.
Last comment by me on this one, We are seeing a down trend and after the EURO good feeling since the IMF agreement has died down we will see further weakness in the EURO and Gold, i am dollar cost averaging at under $1090 level and will buy down as far as $900 if it goes there!!
MAJESTIC10110 1 year ago
I couldnt help myself yesterday and purchased some gold at the 1089 USD level about £730, because of the bailout plan for Greece, so we are slightly up today, but longer term Euro weakness is good for the dollar and since Gold is priced in dollars gold will be weaker. One economist said 1.10 Eur to dollar will be about the bottom range and if hes right would represent a good buying opp for gold.
Will keep coments coming until 31st March!! Then i will shut up!
MAJESTIC10110 1 year ago
Ok my thoughts that the £ would strengthen after the budget were wrong! It actually wealkened further.
However gold has crossed below the $1091.19 threshhold on a couple of occaisions indicating further weakness for gold.
MAJESTIC10110 1 year ago
Wow... Broken the USDGold 1091.19 this indicates further weakness for gold! We are at 1090. Were heading for a low towards 31st march. Getting ready to buy at £700 ish or 900-1000 USD.
MAJESTIC10110 1 year ago
23rd march. 1096 USD and £730. I am hoping to get pound strength post Budget tomorrow.
MAJESTIC10110 1 year ago
Seems to be up trending now
16th March $1123.40 (weird 1234!) = £742.20 (pound taken a beating)
MAJESTIC10110 1 year ago
Update :
14th $1101 = £724
15th UP TO $1103 = £733 (Pound weakness)
MAJESTIC10110 1 year ago
Update in USD:
5th March $1135
6th $1130
7th $1129 (posted video)
8th $1124
9th $1121
10th $1109
11th $1110
12th $1102
13th $1101 (=£724.20 GBP)
MAJESTIC10110 2 years ago
12th March £725.50
MAJESTIC10110 2 years ago
Update:
Gold spot
9th March £758
10th March £755
11th March £739
Seems to be going in the right direction?!
MAJESTIC10110 2 years ago