11-23-2009, 07:27 PM
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#1 |
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Administrator
Join Date: Aug 2006
Location: Central CT
Age: 29
Posts: 696
Rep Power: 10  |
Gold at all-time high
Gold hits record above $1,170/oz as dollar slides - Yahoo! Finance
$1170 /oz. Just a year ago, it was in the 800's.
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Any thoughts or opinions are that of my own. Research your buys and sales on your own. I am not a stock broker. |
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11-23-2009, 09:54 PM
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#2 |
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Super Moderator
Join Date: Aug 2006
Location: West Coast
Posts: 747
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SHORT SHORT SHORT!!!
j/k i dont' play with gold much so it doesn't really matter to me.
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visit my site...www.obamacies.com This post does not express the opinions of the website, it's members, or its owner. Always invest with caution and do proper research. If you have questions, consult a paid, investment professional. |
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12-01-2009, 07:40 PM
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#3 |
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Greenhorn
Join Date: Sep 2006
Location: Los Angeles
Age: 24
Posts: 10
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1200/ oz today.
I'm long but only at ~3.5% of my portfolio. If inflation takes off, i think could easily go to 2,000. Not sure how big of a position I'd take in gold, but commodities in general could be a good play. Long the equities market and short the dollar has been working really well the last couple months. |
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12-01-2009, 10:15 PM
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#4 |
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Administrator
Join Date: Aug 2006
Location: Central CT
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IMO, it's too late to play gold/other metals. it's SELL time now.
Once the economy picks up, the dollar will get stronger which will in turn drop the prices of gold/silver/plat. I could be way wrong, but i don't see it sustaining these prices past 2010.
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Any thoughts or opinions are that of my own. Research your buys and sales on your own. I am not a stock broker. |
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12-02-2009, 08:57 PM
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#5 |
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Super Moderator
Join Date: Aug 2006
Location: West Coast
Posts: 747
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i don't see it going too much longer either. if i could play, i would be shorting it right now, but i don't have the extra cash flow. maybe next year when i get my tax refund, and if the prices are still high, i'll short a couple grand worth.
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visit my site...www.obamacies.com This post does not express the opinions of the website, it's members, or its owner. Always invest with caution and do proper research. If you have questions, consult a paid, investment professional. |
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