Gold/Silver Push. Any insight to what's going on?

loyolabenson

loyolabenson

make monies
May 17, 2007
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Every time gold dips <1800 it pushes back within hours it seems, been doing this of and on the last few weeks. As soon as it dips below the magic number of 1800 , it rises.

In related news, same type of push with silver but at $40



Is asia doing the pushing?
 


Everyone is saying there is no way Obama will get his capital gains tax approved = economy/stock rally. Most every stock is up, its not really gold itself. Scroll down below the chart and you can see most metals are back, SPDR Gold Trust (ETF): NYSE:GLD quotes & news - Google Finance . They dipped as people thought their investment would be worth a lot less. Now they think it will be ok.

It really depends day to day. Normally it tends to follow speculation on the dollar(being weaker or stronger in the future), it will generally go opposite of bank stocks and other ones that will go up with a stronger dollar, GOLD values the weak dollar. But, there are many things effecting it.
 
loyolabenson said:
Every time gold dips <1800 it pushes back within hours it seems, been doing this of and on the last few weeks. As soon as it dips below the magic number of 1800 , it rises.

In related news, same type of push with silver but at $40



Is asia doing the pushing?
Click to expand...

I think this just means there's a lot of resistance at $1800. Meaning, a lot of people have puts on gold if it hit's $1800. (Still a stock noob so my terminology may be off).
 
I look at it as ppl see more opportunity in stocks so they sell gold in favor of stock shares

Once gold dips to 1800, its a good buy again and the price rises.

The only thing you should care about is that its only going up. So when it does dip, it will be a good buy. Bc the ne t step is that instead of gold dropping to 1800, it'll be dropping to 1900, then 2000told etc
 
Lots of people are wanting to get in at $40/$1800 and it keeps the barrier there.

I'm big on both, in fact my gold/silver offer will be out soon. Debating on whether I want a rebill model or not.
 
well gold is at what appears to be at it's lowest point in about 30 days. 1757 with silver at 38.36.



buy buy buy buy
 
charlesmartel said:
Make sure to come back in 5 or so years when gold will be > $5000. Sovereign bankruptcies will be as historical as the collapse of communism. That is the future of the US and Europe.
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when I seen your avatar in this thread I could not help but think of this quote

“Gold is the money of kings; silver is the money of gentlemen; barter is the money of peasants; but debt is the money of slaves.”


haha
 
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