gold below 800 now................uh oh

[dfxmatt]

what do u guys think...........should i wait til the holiday gets here and gas goes way up?........i'm expecting it to shoot up in the 900's again when the holiday gets here. (Labor day)

 

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[Narthoniel]

Re: gold down last 2 weeks.....pull the trigger on refinery now? ...hmm.

interesting notion, makes sense. But if the prices are changing as you mentioned, once the election passes, do you think things will revert?

 

[teklord]

Re: gold down last 2 weeks.....pull the trigger on refinery now? ...hmm.

Gold futures show a steady rise to over 900 by Dec. Continuing instability in the banking sector makes gold a hedge. Personally I am waiting.

Tek

 

[Sandman]

Re: gold down last 2 weeks.....pull the trigger on refinery now? ...hmm.

I am waiting also for the price of spot to go back up. I talked to Gary at Midwest Refineries today and now I must ship my gold to him even though I am close enough to carry it over to him.

 

[Foilman]

Re: gold down last 2 weeks.....pull the trigger on refinery now? ...hmm.

It's anybodies guess. However I would sell at least a portion. It is still 3x what it was just 18-24 months ago. If it goes back to 300 you will want to kick yourself. Seems the dollar is strengthening and oil is plummeting and gold is following. I sold some at 550, 850, 915, and 968. I am definitely glad I didn't sell all at 550, but happy I kept selling a little on the way up.
Don't try to guess the top, there is a good chance it already topped.

I hope it goes higher but if it does I won't cry because I hope to have more to sell.

As far as futures go they are not locked the futures prices can dive anyday as the price dives.

It was over $1000. and quickly retreated. I bet it is below 600. in 6 months, we shall see.

 

[dfxmatt]

UPDATE............GOLD DOWN AGAIN TO 817...........SELL NOW?

Just keeping this up near the top ...........as the price dropped to 817 today..........that's another 40 dollars....yikes...........

 

[Foilman]

Re: gold down last 2 weeks.....pull the trigger on refinery now? ...hmm.

Why Sandman? Is it a security issue over there?

 

[Jason in TN]

Re: gold down last 2 weeks.....pull the trigger on refinery now? ...hmm.

Sandman would say you have to ship so they can say they got it on the day the price was lower. Makes sense to me.

 

[Dixie Digger]

Re: gold down last 2 weeks.....pull the trigger on refinery now? ...hmm.

i sent mine off today..hope i didnt make a mistake!