Full Version: What's Happening To Gold
I'm looking at the Kitco charts in someone's signature and each time I click it, it's shooting up.
It's not gold going up, it's the pound sinking.
QUOTE(MarkG @ Sep 15 2005, 01:01 PM)
It's not gold going up, it's the pound sinking.
Ah!
QUOTE(MarkG @ Sep 15 2005, 12:01 PM)
It's not gold going up, it's the pound sinking.
Its a bit of both actually, gold has broken through $450, if the US CPI data released later today indicates Oil has pushed up inflation then it could be next stop $470. The pound is weak against the dollar due to poor retail sales figures this morning and a big downward revision of last months figures by the ONS.
Looks like we just hit £250 per Oz
Gold Price
QUOTE(MarkG @ Sep 15 2005, 01:01 PM)
It's not gold going up, it's the pound sinking.
I belive euro spot gold just hit an all-time high.
Pent
Edit: could be wrong, maybe it was at 372 previously.
QUOTE(Riser @ Sep 15 2005, 01:06 PM)
Its a bit of both actually, gold has broken through $450, if the US CPI data released later today indicates Oil has pushed up inflation then it could be next stop $470. The pound is weak against the dollar due to poor retail sales figures this morning and a big downward revision of last months figgures by the ONS.
Thanks Riser. That's the signature! How did you get those charts in there? I often want to comment on them, but I know the comment rests written in stone, but the charts move on...
QUOTE(Durch @ Sep 15 2005, 12:08 PM)
Thanks Riser. That's the signature! How did you get those charts in there? I often want to comment on them, but I know the comment rests written in stone, but the charts move on...
They are just links in my sigature (see my controls link) to images of live charts on the Kitco site, nothing fancy my end.
QUOTE(Riser @ Sep 15 2005, 01:17 PM)
They are just links in my sigature (see my controls link) to images of live charts on the Kitco site, nothing fancy my end.
Just look at it go!
I'm happy to say I bought mine a few months ago at $418 per oz. and $1.93 per £.
Please forgive my miserly gloating, but all my friends said I was mad to move out of a rock solid investment like a house into something as useless as gold: "You can't live in it!"
(But I can buy a house about 25% bigger already with the opposing movements in both markets.)
Please forgive my miserly gloating, but all my friends said I was mad to move out of a rock solid investment like a house into something as useless as gold: "You can't live in it!"
(But I can buy a house about 25% bigger already with the opposing movements in both markets.)
I was just on Goldmoney and the current spot price is $466! 
I couldn't believe my eyes. That's about $16 since last night.
Could this be the breakout?
Darn it! Why didn't I buy more when it was cheaper...?
I couldn't believe my eyes. That's about $16 since last night.
Could this be the breakout?
Darn it! Why didn't I buy more when it was cheaper...?
*Could* be a breakout but I'd expect some profit taking on the way up.
QUOTE(cgnao @ Sep 15 2005, 12:37 PM)
Now going through £251 but I suspect the central banks will soon yank golds leash, they wouldn't want people to start questioning the real value of their paper fiat money
If US CPI data is really bad they may not be able to hold it for long.
Does anyone know of a site where one can monitor gold prices simultaneously in sterling, US$ and Euros?
This information is available from Baird, Goldmoney and Kitco, but not in one hit.
This information is available from Baird, Goldmoney and Kitco, but not in one hit.
QUOTE(malco @ Sep 15 2005, 01:39 PM)
Darn it! Why didn't I buy more when it was cheaper...?
See an earlier post of mine:
http://www.housepricecrash.co.uk/forum/ind...99&#entry183099
QUOTE
Gold is today selling at the unbelievable bargain basement discount of 60% compared to oil. Buy, buy, buy. In the not so distant future you will wish you had bought more.
QUOTE(Riser @ Sep 15 2005, 01:43 PM)
Now going through £251 but I suspect the central banks will soon yank golds leash, they wouldn't want people to start questioning the real value of their paper fiat money
If US CPI data is really bad they may not be able to hold it for long.
If US CPI data is really bad they may not be able to hold it for long.
Who could question the value of paper money when it's backed by the full integrity and intellectual might of Gordon Brown? (And remember Gordon sells gold when it gets too cheap.)
QUOTE(Red Baron @ Sep 15 2005, 01:45 PM)
Does anyone know of a site where one can monitor gold prices simultaneously in sterling, US$ and Euros?
This information is available from Baird, Goldmoney and Kitco, but not in one hit.
This information is available from Baird, Goldmoney and Kitco, but not in one hit.
Dr Bubb has a site:
http://www.goldstock.co.uk/
Dr Bubb - please put a stirling Kitco chart on your site, then we'll all use it. Thanks.
QUOTE(Red Baron @ Sep 15 2005, 12:45 PM)
Does anyone know of a site where one can monitor gold prices simultaneously in sterling, US$ and Euros?
This information is available from Baird, Goldmoney and Kitco, but not in one hit.
This information is available from Baird, Goldmoney and Kitco, but not in one hit.
Click on cgnao's linked charts - they show all currencies (as %).
http://www.housepricecrash.co.uk/forum/ind...pe=post&id=1416
QUOTE(Durch @ Sep 15 2005, 12:51 PM)
Dr Bubb has a site:
http://www.goldstock.co.uk/
Dr Bubb - please put a stirling Kitco chart on your site, then we'll all use it. Thanks.
http://www.goldstock.co.uk/
Dr Bubb - please put a stirling Kitco chart on your site, then we'll all use it. Thanks.
Thanks Durch. I have bookmarked this site which is just what I wanted.
Am I right in saying that this is the highest price since '88?
http://today.reuters.com/news/newsArticleS...?storyID=146995
NEW YORK, Sept 15 (Reuters) - Benchmark gold futures in New York shot to the highest level since 1988 on Thursday morning, as high oil prices and inflation fears fueled buying by speculative players, traders said.
By 8:24 a.m. EDT (1224 GMT), December delivery gold on the New York Mercantile Exchange's COMEX division was up $4.30 at $458 an ounce, just off the early peak of $459.
NEW YORK, Sept 15 (Reuters) - Benchmark gold futures in New York shot to the highest level since 1988 on Thursday morning, as high oil prices and inflation fears fueled buying by speculative players, traders said.
By 8:24 a.m. EDT (1224 GMT), December delivery gold on the New York Mercantile Exchange's COMEX division was up $4.30 at $458 an ounce, just off the early peak of $459.
QUOTE(Red Baron @ Sep 15 2005, 01:45 PM)
Does anyone know of a site where one can monitor gold prices simultaneously in sterling, US$ and Euros?
This information is available from Baird, Goldmoney and Kitco, but not in one hit.
This information is available from Baird, Goldmoney and Kitco, but not in one hit.
http://www.kitco.com/gold_currency/charts.htm
10 year highs here in Japan. y57800 for an ounce today! That's a lot of yen for an ounce.
It's at it again.
QUOTE(Jake @ Sep 15 2005, 02:50 PM)
10 year highs here in Japan. y57800 for an ounce today! That's a lot of yen for an ounce.
Hi Jake,
Japan have been through the deflationary cycle we appear to be entering do you have a link showing how gold has performed from a yen perspective. What will y57800 buy you in Japan
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