WOW - GOLD UP +54.00 Today ......
 

US 1250.80 up +54.00 wonder who's manipulating the market ? :2 cents:

Somebody is making huge bets

Didn't someone say recently that there's a spike around Chinese New Year and Indian Wedding season?

I read that as well, but Not usually this much ?:2 cents:

Enjoy the rally while it lasts

Central bank stimuli with fake fiat money is, I'm sure, well on its way

i wonder whether recent market moves since jan 1 foreshadows a comeuppence with the whole fake fiat economy paradigm. maybe next bear market, QE4 doesnt work.

that would make this gold rally look like the first leg in a big updraft.

or maybe not.

Please don't tell us you haven't invested in that :pimp

Gold is Good

More players are recognizing the world economy is in deeper shit than 2008. Negative interest rates are already in place in parts of Asia and Europe. US may soon follow. Central banks are almost completely outta ammo for "pumping" up the world economy. Gold has been oversold for a while.

I buy and sell all the time :thumbsup

There were good reasons to have gold before but higher interest rates, and therefore a yield on cash, were one big reason not to have gold. flipside is that the possibility of negative interest rates means gold is very attractive. Why would you keep your money in cash if you're going to lose money every year?

There are also crisis fears creeping into the financial stocks, so 2016 is going to be a big year for gold and you can expect it to keep rising well into the summer. This video explains it

As investors rush to gold, there's still time to buy - Yahoo Finance

I said for new years to sell your bitcoin and buy gold coin.
I just wish I did it more than I had talked about it.
We dumped over 100 BC but only put maybe a third into gold. The rest to pay off bills. Now I wish I had not paid any bills because the money made would have paid off the fucking bills I bet.

Well at $1230/oz its still very cheap so you can buy some but I wouldn't start buying over $1500. Gundlach said it will go over $1400 this year but Bank of America suggests $1550 is possible so who knows.

The central banks esp Russia and China are buying massive quantities for bank reserves so there is some additional demand underneath.

It's going to be interesting to watch the action on Gold over the next few weeks especially.

:1orglaugh:1orglaugh:thumbsup

That was mick belker and diamonds were involved
Gold makes no sense since cents

and this minute .......... 1238.10 -8.30

I would pass so wont buy at this moment