nmarks Posted March 13, 2008 Share Posted March 13, 2008 Gold hits $1000 for first time Quote Link to comment Share on other sites More sharing options...
AC2 Posted March 13, 2008 Share Posted March 13, 2008 No it doesn't. Quote Link to comment Share on other sites More sharing options...
_w_ Posted March 13, 2008 Share Posted March 13, 2008 Well f*ck me! Congrats to all the gold bugs out there Quote Link to comment Share on other sites More sharing options...
nmarks Posted March 13, 2008 Author Share Posted March 13, 2008 No it doesn't. So where did the Beeb get their figures? Quote Link to comment Share on other sites More sharing options...
Guest_chris c-t_* Posted March 13, 2008 Share Posted March 13, 2008 So where did the Beeb get their figures? COMEX futures. Quote Link to comment Share on other sites More sharing options...
aardvark Posted March 13, 2008 Share Posted March 13, 2008 errm, yeah - not hit $1000 yet - hopefully today. Quote Link to comment Share on other sites More sharing options...
Guest_chris c-t_* Posted March 13, 2008 Share Posted March 13, 2008 errm, yeah - not hit $1000 yet - hopefully today. http://data.tradingcharts.com/futures/quotes/GC.html over $1000 here... Quote Link to comment Share on other sites More sharing options...
OzzMosiz Posted March 13, 2008 Share Posted March 13, 2008 http://data.tradingcharts.com/futures/quotes/GC.htmlover $1000 here... Kitco not showing it yet if indeed true. http://www.kitco.com/charts/livegold.html Quote Link to comment Share on other sites More sharing options...
DC10 Posted March 13, 2008 Share Posted March 13, 2008 This thread will self destruct in approximately 10 minutes. Quote Link to comment Share on other sites More sharing options...
Guest_chris c-t_* Posted March 13, 2008 Share Posted March 13, 2008 Kitco not showing it yet if indeed true.http://www.kitco.com/charts/livegold.html because $1000 was for the APRIL future. (well over $1000 for June) Quote Link to comment Share on other sites More sharing options...
Nicholas Cage Posted March 13, 2008 Share Posted March 13, 2008 My magical $1,000 is for on spot gold, not spot-month Comex futures. The Universe also still exists, proving my point. Quote Link to comment Share on other sites More sharing options...
rondy Posted March 13, 2008 Share Posted March 13, 2008 (edited) Gold hits $1000 for first time Are you paid in $? If not, why do you care about the raise of gold in $? Do you know that the $ is in freefall? Edited March 13, 2008 by rondy Quote Link to comment Share on other sites More sharing options...
urban_hymn Posted March 13, 2008 Share Posted March 13, 2008 Climbing relentlessly - over £490.00 per oz today - £500.00 soon??? Interesting times. Quote Link to comment Share on other sites More sharing options...
Fortune Posted March 13, 2008 Share Posted March 13, 2008 Just a little bit then....oh yeah baby, just like that. Quote Link to comment Share on other sites More sharing options...
bearly hopeful Posted March 13, 2008 Share Posted March 13, 2008 (edited) http://isht.comdirect.de/html/detail/main....p;sTab=bigchart Edited March 13, 2008 by bearly hopeful Quote Link to comment Share on other sites More sharing options...
Guest Steve Cook Posted March 13, 2008 Share Posted March 13, 2008 gold hovering at 998 a couple of mins ago. Just checked back onto the kitko site and it wont open. Neither will the usa gold site. Crashed due to too much traffic?..... Steve Quote Link to comment Share on other sites More sharing options...
Guest Steve Cook Posted March 13, 2008 Share Posted March 13, 2008 999 Quote Link to comment Share on other sites More sharing options...
Guest Steve Cook Posted March 13, 2008 Share Posted March 13, 2008 999.45 Quote Link to comment Share on other sites More sharing options...
Guest Steve Cook Posted March 13, 2008 Share Posted March 13, 2008 locked up again...... steve Quote Link to comment Share on other sites More sharing options...
bearly hopeful Posted March 13, 2008 Share Posted March 13, 2008 locked up again...... steve Try this... http://isht.comdirect.de/html/detail/main....p;sTab=bigchart Quote Link to comment Share on other sites More sharing options...
nmarks Posted March 13, 2008 Author Share Posted March 13, 2008 Are you paid in $?If not, why do you care about the raise of gold in $? Do you know that the $ is in freefall? The rise in the price of gold indicates the lack of confidence investors have in other assets, such as bonds and equities. The less capital US companies have to invest, the worse the prospects for economic growth in both the US and their worldwide subsidiaries and also a worse outlook for those exporting to the US. It also means reduced share prices, putting at risk deals dependent on those assets. This is one reason why so many hedge funds are facing problems. Commodity prices generally have appreciated significantly over the last 6-12 months, faster than the dollar has depreciated. Gold isn't the only one, look at oil, wheat etc. Despite the recent action taken by the Fed, the continued rise in gold and oil prices indicates the market continues to have doubts over the future performance of the US economy in particular. Commodity price rises are a source of inflation. Central Banks normally use interest rates to expand or contract the money supply according to the prevailing economic needs. At times of high inflation they increase rates to fight prices rises; at times of slow economic growth they reduce rates to stimulate growth. Now comes the killer. With the emergence of the credit crunch, the credit markets have seized up and borrowing has become difficult. With toxic debt swilling around the system banks are refusing to lend to each other and thus lend to businesses and consumers. Economic growth is being hampered. To ease this problem and allow growth to continue, the Central Banks should consider rates cuts, but with inflation becoming a pressing issue they also have to consider increasing rates too. The question is which do they go for? The credit crunch has scuppered the usual economic rules and the dichotomy poses the of risk stagflation : economic recession with inflation and unemployment. This would be painful to live through. That's partly why I pay attention to the price of gold; it's consequences for the economic outlook. Quote Link to comment Share on other sites More sharing options...
Guest Steve Cook Posted March 13, 2008 Share Posted March 13, 2008 Try this...http://isht.comdirect.de/html/detail/main....p;sTab=bigchart nice...thanks Quote Link to comment Share on other sites More sharing options...
Nicholas Cage Posted March 13, 2008 Share Posted March 13, 2008 Just saw spot 1000.60 Quote Link to comment Share on other sites More sharing options...
Guest Steve Cook Posted March 13, 2008 Share Posted March 13, 2008 Just saw spot 1000.60 not showing on mine....still hovering in the 997-998 region Quote Link to comment Share on other sites More sharing options...
Guest Steve Cook Posted March 13, 2008 Share Posted March 13, 2008 kitco is utterly locked up Quote Link to comment Share on other sites More sharing options...
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