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Realistbear

More Turmoil As Gold Sells Off

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http://orange.advfn.com/news_Gold--silver-...s_15642277.html

Gold, silver plunge on interest-rate fears

NEW YORK (AFX) - Gold and silver prices dropped sharply Thursday in a
sell-off sparked after the U.S. Federal Reserve hinted in its minutes released
Wednesday that it will likely continue hiking interest rates as inflation nears
the end of its comfort level.
Gold, traditionally regarded as a hedge against inflation, would become a
less attractive investment if the Fed is raises interest rates to curb
inflation.
In morning trading on the New York Mercantile Exchange Thursday, August gold
fell $18.80 to $630.20 an ounce. Earlier, the contract had dipped as low as
$625.70 an ounce
-- its lowest level since April 21.

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Guest Riser

$625.70 an ounce -- its lowest level since April 21.[/indent]

Ohhh its lowest level since last month, run for the hills its crashing :lol:

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Ohhh its lowest level since last month, run for the hills its crashing :lol:

Its crashed for those who bought at $700/oz

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raising rates wont pay off their deficits. if anything it will make things worse. if they devalue the dollar it will make it cheaper, but then who wants to hold devalued dollars ?

no win situation. dollar is screwed and gold is just being forced down for the wrong reasons.

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Gold will continue North shortly. All it takes is a bit of aggro with Iran and it will be stellar again, along with the price of oil. And/or, the Iranian oil bourse will give the dollar a bit of a kicking. Up goes AU.

Markets took news that the USA would be willing to join Nuclear negotiations with the Iranian goverment as positive, but things are no further forward as the US insists they stop all nuclear activity first.

Don't forget that interest rate hikes are a laggy response to what gives Gold it's attraction in the first place, inflation.

Edited by tahoma

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Gold will continue North shortly. All it takes is a bit of aggro with Iran and it will be stellar again, along with the price of oil. And/or, the Iranian oil bourse will give the dollar a bit of a kicking. Up goes AU.

Markets took news that the USA would be willing to join Nuclear negotiations with the Iranian goverment as positive, but things are no further forward as the US insists they stop all nuclear activity first.

Don't forget that interest rate hikes are a laggy response to what gives Gold it's attraction in the first place, inflation.

Quite. I bought gold as a hedge against the govt inflating its way out of trouble (and to balance some other investments I have). If the govt did that (inflate), I'd never be able to afford property. The way I figure it, if gold goes down in value it's cos interest rates are up, in which case property will be much much cheaper than the amount I've lost in gold (which is negligible in comparison to 250K).

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Guest Bart of Darkness
gold smells.

i have euros.

btw: i have no idea what im doing.

Either sounds a better bet than dollars or pounds in a year's time.

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come back that deft born new may of 1997....

the hope. the expectation. anticipation.

its...its....cadbury....the satisfaction and appreciation.

i said. insist on cadburys chocolate.

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Guest Bart of Darkness
Never take financial advice from a man with one eye.

Seconded! :)

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Guest Riser

Never take financial advice from a man with one eye.

Just realised that Gordon Brown also has only one eye. :lol:

Must be his right one because he keeps trying to lick it, or may be his affliction is due to him sucking his glass eye to clean it before popping it in.

Edited by Riser

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Just realised that Gordon Brown also has only one eye. :lol:

Has Gordon really got one eye? Or are you just messing with me?

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Guest Bart of Darkness
Probably implying that he is a c*ck

No need to imply it, I'll say it:

Gordon Brown is a c*ck!

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Probably implying that he is a c*ck

Google says he has one eye, so it must be true (http://www.msnbc.msn.com/id/10511140/site/newsweek/). Is it a glass eye?

Maybe this could be his trump card? When he gets a difficult question he could just pop his eye out. I'm not sure how this would help, but it surely would distract me.

Edit: It's true: http://www.answers.com/topic/gordon-brown

Edited by Jason

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its actually a robotic eye like steve austin (bionic man).

on it, as well as BoE facts and figures in a HuD it also plays inner chick flic DVDs such as Time Bandits and Three men and a baby.

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Has Gordon really got one eye? Or are you just messing with me?

He injured one of his eyes playing rugby when he was a lad, and had it removed. One of them (I think the left one) is a glass eye.

Perhaps the opponent did it deliberately after Gordon tried to appoint the referee and linesmen himself, moved the goalposts, and moved the centre of the pitch 30 yards to make tries easier for his team. :lol:

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  • 338 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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