$1,350.00 as of 11/20/10 It doesn't seem to be going down? Hasn't hit $2,000 yet, but it will. You can eat your charts, just use your brain and common sense, our fiat currency will be near worthless before long!
All currencies currently pegged to the US Dollar are doomed to die within this decade. By the way,...if gold is getting a little too expensive for you, trying picking up physical Silver....it's a bargan at $21 per ounce.
i would recomend to look on a 100year scale of gold market, and you will see a very strong/UP pattern. Just past 3years it has double, past 5 years triple.
If you look at the American currency/nongold for 100 years ago and today, the value of paper-money has lost its value 96%, 1dollar at that time is only 4 cents worth today. Inflation etc.
"Using the tools of market club"?What about your brain.Look at what the volatiliry in the comex,look at what the market did on Thursday and inevitably look at gold,which is going up with the dollar.Unheard of in these circumstances.I'll take my chances averaging in buying silver and gold and wait for this idiot to come knocking on my door, asking for help feeding himself.
Gotta hand it to this guy. He called it exactly right back in 2008. Gold dropped to nearly 700 just like he said. Guess what he is saying now (Sept 28, 2009)? That gold is about to bottom in the next two weeks or so and make new highs by Christmas.
theres no need for gold anymore no ones buying cars that have an ounce in the cat. converter and cvomputer sales are down
bring on the chaos id rather live like a mountain man aNY WAY THANK GOD I DIDNT WASTE TIME WITH COLLEDGE INSTEAD I LEARNED HOW 2 SURVIVE AND HUNT AND GROW THINGS
The people who said it was stupid to short gold were not traders they were investors who have the longterm in mind. There will always be people selling and taking profits, even when the trend is up. There's no real contradiction there.
So many people use techniucal analysis with only a 1 layer approach to it - as if the market was fair and free. They need to add higher layers of analysis factoring things such as manipulation, politics, etc. Just looking at chart shapes is narrow minded.
Peter Schiff said gold would hit 2000/ounce by the END of 2009. The gold market is currently being suppressed by the central banks and large world banks. Get your facts straight.
One reason is because many people have went to Asian stocks as a safe haven. Another is the Fed continues on quantitative easing, which will temporarily keep the economy bouyed.
All commodities have dropped as the money supply (credit) has been cut off. Gold has still held up considerably better against other commodoties. The deflation will not last forever and once the various stimuli hit the real economy..holy shit watch out precious metals will go straight to alpha centauri.
Gold just jumped again! I see gold bars on ebay for $1100 ! With all the gov't bailouts, inflation will take hold, absolutely.
In a few months $2000/oz will be reached.
Too bad, many ppl including my friends are hemorrhaging from stock losses, DOW is @ 8500! DOWN 40% for the year. Gold spot $920 up 10% for the year (up 30% from summer low)
Here it goes!!
lsmith869 7 months ago
Gold does not go up in price-fiat money decreases in value compared to gold in a fairly predictable rate since 1971 at 6% a year.
borebear 8 months ago
This is old stuff...look at the gold chart today...
dus2cra 1 year ago
gold has nothing to do with charts it has everything to do with current events!
AlbertInSanAntonio 1 year ago
$1,350.00 as of 11/20/10 It doesn't seem to be going down? Hasn't hit $2,000 yet, but it will. You can eat your charts, just use your brain and common sense, our fiat currency will be near worthless before long!
450984 1 year ago 3
All currencies currently pegged to the US Dollar are doomed to die within this decade. By the way,...if gold is getting a little too expensive for you, trying picking up physical Silver....it's a bargan at $21 per ounce.
TheSilverWatch 1 year ago 2
i would recomend to look on a 100year scale of gold market, and you will see a very strong/UP pattern. Just past 3years it has double, past 5 years triple.
If you look at the American currency/nongold for 100 years ago and today, the value of paper-money has lost its value 96%, 1dollar at that time is only 4 cents worth today. Inflation etc.
Gold September 2010 (1285) and ounce.
Dualspec 1 year ago
as i write this gold is at 1200 and ounce today is June 28, 2010
tra588 1 year ago
its short selling idiots when the feds fucking gone you wont see this shit
MirageScience 1 year ago
"Using the tools of market club"?What about your brain.Look at what the volatiliry in the comex,look at what the market did on Thursday and inevitably look at gold,which is going up with the dollar.Unheard of in these circumstances.I'll take my chances averaging in buying silver and gold and wait for this idiot to come knocking on my door, asking for help feeding himself.
Hellserch 1 year ago
what stock program is this guy using?
nsolcis 2 years ago
this video is pointless .ibet this guys is buy gold like crazy right now.just like every one who said gold will never hit 1000 .
xXventanaXx 2 years ago 2
Gotta hand it to this guy. He called it exactly right back in 2008. Gold dropped to nearly 700 just like he said. Guess what he is saying now (Sept 28, 2009)? That gold is about to bottom in the next two weeks or so and make new highs by Christmas.
bolognadetector 2 years ago
theres no need for gold anymore no ones buying cars that have an ounce in the cat. converter and cvomputer sales are down
bring on the chaos id rather live like a mountain man aNY WAY THANK GOD I DIDNT WASTE TIME WITH COLLEDGE INSTEAD I LEARNED HOW 2 SURVIVE AND HUNT AND GROW THINGS
CANT WAIT TILL IM KILLING DINNER EVERY NIGHT
extreeeeeemist 2 years ago
These guy perdict trends that have already occured!!
Timing is everything!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Buy PMetals to fight against inflation
and save your hard earned money.IMHO
hiphopsocnroc 2 years ago
The people who said it was stupid to short gold were not traders they were investors who have the longterm in mind. There will always be people selling and taking profits, even when the trend is up. There's no real contradiction there.
goldmarketprice 3 years ago
So many people use techniucal analysis with only a 1 layer approach to it - as if the market was fair and free. They need to add higher layers of analysis factoring things such as manipulation, politics, etc. Just looking at chart shapes is narrow minded.
Brainman94 3 years ago 2
the dollar will collapse.
yz250thatownsyou 3 years ago 2
thank u for telling the truth
u r the man
AntiBullS 3 years ago
Peter Schiff said gold would hit 2000/ounce by the END of 2009. The gold market is currently being suppressed by the central banks and large world banks. Get your facts straight.
kingpins9 3 years ago 8
Any ideas why silver is falling so much?
chadgresham 2 years ago
One reason is because many people have went to Asian stocks as a safe haven. Another is the Fed continues on quantitative easing, which will temporarily keep the economy bouyed.
kingpins9 2 years ago
Silver Falling? - to 52 week high - yeah OK idiots!
Brainman94 2 years ago
It called controlling gold by the Central Banks.
vinny1010 3 years ago 7
Oops, I believe gold going down! Try again at $1000, once it reach that level it will go down.
But there is a catch. Gold will be one to one to the DOW. That's meant DOW below 1000!
001122BB 3 years ago
All commodities have dropped as the money supply (credit) has been cut off. Gold has still held up considerably better against other commodoties. The deflation will not last forever and once the various stimuli hit the real economy..holy shit watch out precious metals will go straight to alpha centauri.
ddubrul 3 years ago 2
Gold just jumped again! I see gold bars on ebay for $1100 ! With all the gov't bailouts, inflation will take hold, absolutely.
In a few months $2000/oz will be reached.
Too bad, many ppl including my friends are hemorrhaging from stock losses, DOW is @ 8500! DOWN 40% for the year. Gold spot $920 up 10% for the year (up 30% from summer low)
elektrikcity 3 years ago
Gold just jumped nearly $100/oz today. I see gold bars sold for $970/oz on ebay. $2000/oz will be seem cheap once this financial meltdown is over!
elektrikcity 3 years ago