Re: Gold Prices This Monday Morning

On Jun 30, 7:28 am, "Arizona Coin Collector" <nos...@xxxxxxxxxx>
wrote:
Hello (Good Morning)

Checking the price of gold, it was trading at $931.00
dollars per oz on the link shown below. (At 5:19AM
Phoenix Arizona time).

http://www.kitco.com/charts/popup/au24hr3day.html

It will be interesting what the finial price will be
at the end of the day of trading.

When gold goes up, so does the cost of Oil per
barrel. Guessing that oil will be above $144.00
dollars a barrel by the end of the day.

Off to work I go....  :)

Today is the end of the second quarter, so you will probably see some
insider "window dressing" - equities up, gold down and oil who knows.
This has been an abysmal second quarter for equities, especially
financial shares.

The price of oil has gone hyperbolic, like gold did at the end of
1979. Sooner or later you have to think a lot of the froth will come
off, somehow.

"No tree grows to the sky; every bubble must burst".

But if we really do face big USD monetary inflation, who knows??? The
Chinese must spend their pile of dollars on something too - and it is
better to overpay now for real goods, instead of just having a big fat
pile of depeciated paper in the end.

oly

.

Relevant Pages

  • Re: OT: Doh! Uh- those printing presses?
    ... No, retard, it's called "debasing the currency", and it is soon followed ... ?Since 2001 the dollar price of oil and gold have run almost in tandem. ...
    (rec.gambling.poker)
  • Re: Dow preparing for a crash course?
    ... My prediction is dow 9650 gold $1750 and silver $60 by years end. ... community to tie the price of oil to the EURO. ...
    (misc.invest.stocks)
  • Re: Dems oblivious on oil
    ... claims that speculators trading on electronic exchanges and overseas are ... price would fall. ... Trading Commission, said about that idea last week: ... oil prices on speculators and large salaries for oil executives. ...
    (soc.retirement)
  • Re: Dems oblivious on oil
    ... claims that speculators trading on electronic exchanges and overseas are ... price would fall. ... Trading Commission, said about that idea last week: ... oil prices on speculators and large salaries for oil executives. ...
    (soc.retirement)
  • Re: OT:On Wrong Track
    ... The price of oil ... Gold has gained something like 34% on the dollar over ... the past year while the cost of oil has risen roughly 100%. ... all that says is that the prices of commodities tend to track each ...
    (rec.crafts.metalworking)