I think that is easy to prevent just using a scale. Am I right?

What about buying some gold tomorrow?? Never bought at record highs, really don't like doing that but I think 17XX might look like a bargain in 6 months...

I say $2K by next week, Friday...

Quoted for wrong.

Yes. Or by picking it up with your hand. Gold's almost twice as dense.

Gold-plated tungsten, though.

$1,750 and rising

1754 yo

Rhodium sees us in the rear view

FYP

wouldn't that be the other way?

Price of gold reached $1764, which is some kind of magic number Jim Sinclair has been talking about for a decade, like the start of the gold megabull or something like that.

MEGABULL LETS GOOOOOOOOOOOOOOOOOOO

No. The maker can always make the coin or bar or ingot weight the right amount. But in this case that wasn't even needed because it was laminas (they're used to make jewelry), so they're just bought and sold by weight and constantly cut into smaller pieces. The seal they come with certifies the purity, but not the weight.

What's crazy is that friday's close was $1663-ish. Also, $1767 now. $1771.5 for the high.

yes, I was just listening to him talk about it the other day. Of course given how violent this move is I wouldn't be shocked to see a quick collapse, and regardless of whatever long term trend/analysis he uses to come to that conclusion the short term price movement is going to be driven to a far greater extend by current global conditions, ie waaf

Found this link to Blythe Master's blog on Turd Ferguson's site:
http://blythemasters.blogspot.com/20....html#comments

hilarious to see all the troll comments

I too hope Jim Sinclair's magic # is....well, magic

For those that haven't seen it,
http://www.youtube.com/watch?v=IF24a...layer_embedded

If only I was patient and held my Jan '13 GLD calls and Nov SPY puts I got out of a couple weeks ago

I always have to click buttons!...oh and I sold my B of A put FRIDAY. F M L

Holy crap what a chart to wake up to. 2-3% swings in a few hours overnight? 4 years of watching gold and i don't recall anything like this.

Gold is almost $90 above Sunday's open but silver is slightly BELOW Sunday's open.

Flight to safety it is.

I was wondering if anyone would be so kind as to explain a few terms for me? I'll post the term, and if I think I know what it is, I'll post.

Correction: where the price of something is fluxuating higher (and possibly lower???) to where it actually should be, and it corrects to it's actual price?

bulllish: no idea

resistance: where something is rising in price and is peaking?

shorts/shorting: j2sooted explained this to me, but I can't remember. I was drunk and high and we were at his place in Austin. ... it's where ... you expect something to rise in price and you purchase it before it does???? Or wait, no. It's where you expect something to drop in value and you sell it before it does?



If there's any terms you think I missed that I wouldn't know what they were, please to be feeling free to educate me.


ty ty

Short selling is where you gamble that something will take a nose-dive.

Ha! I KNEW that! I remembered that right after I posted it.

thx loki

Word.

If I actually knew *how* to short sell, I would have made quite a few bucks a few years back, but sadly, I just knew what it was.

I've had similar experiences.

I once tried wearing shorts but ended up going out in public in a skirt.

It was quite embarrassing, but at the same time quite liberating.