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john mitchell

Rumours Floating Around - Another Big Bank About To Go?

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Just a quick one...

There are rumours on this website and other forum suggesting that there is another big bank in trouble...

Gold has taken off by 12 dollars an ounce today (as at current time) and has gone up seven dollars in about the past half an hour.

This is usually a sign of impeding doom... so maybe the rumours are correct. Even if they are not, there is always money piling into gold when it looks like it is heading for 1000 bucks an oz, before it fails at 990 bucks and comes off with a rush, burning the muppets who bought at 989. Don't be a muppet... sell before it becomes toppish

Buy gold, you heard it here first.... :rolleyes:

Premiums on coins have come down in the past month as the gold price has come off and demand has too now the world is recovering (yawn). Bairds has recently lowered premiums, see: http://www.goldline.co.uk and look at the banner message, as have ATS bullion if you ring and ask.

They will go back up fast if it all kicks off....

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There are rumours on this website and other forum suggesting that there is another big bank in trouble...

Which bank? What is the source of these rumours? links?

Gold has taken off by 12 dollars an ounce today (as at current time) and has gone up seven dollars in about the past half an hour.

USDX, the dollar, was down 0.78% today. Gold was up 1.55%. Thus half the movement was simply down to the dollar being worth less. I just can't get excited over such a small price change. Why say it has "taken off"? Such price variations occur every other day, last Autumn we saw $100 a day movements.

This sub forum is full of gold bugs, many have been trading spot gold for years. People ramping, hoping to profit from their own long position, are hardly new. Provide some informed analysis.

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Which bank? What is the source of these rumours? links?

USDX, the dollar, was down 0.78% today. Gold was up 1.55%. Thus half the movement was simply down to the dollar being worth less. I just can't get excited over such a small price change. Why say it has "taken off"? Such price variations occur every other day, last Autumn we saw $100 a day movements.

This sub forum is full of gold bugs, many have been trading spot gold for years. People ramping, hoping to profit from their own long position, are hardly new. Provide some informed analysis.

Thod,

Since gold is traded 24 hrs a day throughout the world is it possible for an individual below the level of influence of say Warren Buffett to ramp the price of gold? To me the relative immunity from political interferance is one of the plus points of gold. Even the IMF threatening to flood the market does FA to the price.

Literally millions of people around the world control the price by buying a bit of jewelry if the price is low enough or selling a trinket if the price is high.

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Which bank? What is the source of these rumours? links?

Bank about to go bust isn't a headline.

Bank gone bust isn't a headline.

"All Banks In Fine Fettle" is tomorrow's headline on The Daily Star.

If we can't have the story, can we at least have a picture. So much more informative than the facts.

Thod, you can be so picky at times.

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Premiums on coins have come down in the past month as the gold price has come off and demand has too now the world is recovering (yawn). Bairds has recently lowered premiums, see: http://www.goldline.co.uk and look at the banner message, as have ATS bullion if you ring and ask.

They will go back up fast if it all kicks off....

The banner on goldline website may read "lowest premiums" but 1 oz coinscan be had cheaper from other dealers. Bairds are expensive.

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I think the leak eminated from the sperm bank.

They have a very low yield at present due to the current economic climate and general softening of conditions!

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The banner on goldline website may read "lowest premiums" but 1 oz coinscan be had cheaper from other dealers. Bairds are expensive.

just 1 oz coins? :lol::lol: goldlines banner is an outright lie, everyone is cheaper.

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