0 votes

Gold hits $1,013 this morning.

The price is now less with stock market declines.
Other metals also lower, but remain in positive territory.

Metal Bid Ask
Gold $1,003.60 $1,004.60 up 7.80
Silver $16.67 $16.72 up 0.04
Platinum $1,308.60 $1,318.60 up 27.90
Palladium $290.30 $295.30 up 0.80

Updated:9/11/2009 11:28:06 AM CST

https://www.apmex.com/Default.aspx



Trending on the Web

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

Some More On China's Strategy Concerning Gold Buying.

This article was written in South Africa and says the Chinese are purposely buying Gold at a slow pace so as not to disrupt the the world's Gold market with a huge upward spike:

http://mineweb.co.za/mineweb/view/mineweb/en/page72068?oid=8...

Ron Paul Likes Gold and so do I !

beesting

Dollar has gone like a

Dollar has gone like a rocket downwards since like 1 month ago against the Swedish Crona (and the Crona is crap let me tell you).

~~
Teach a man to fish and you feed him for the rest of his life.
Teach a man to phish and he'll clean out your bank account.
~~

SteveMT's picture

Gold is still linked to the stock market it seems.

The price of gold has creeped upward despite the linkage. As the market increases, so will gold buoyed by the ever weakening dollar. Gold will look better and better to every country as every currency crashes.

What can/will the manipulators do now to get the price of gold to drop?

ecorob's picture

greedy, blood sucking profit taking (stealing)...

and what used to be known and respected as "capitalism" before market manipulation became the de facto way of doing business on wall street, is rearing its ugly head...this market manipulation will manifest itself, just as it does, throughout the meteoric rise of gold...until we reach that point to where NO ONE will sell (even for short term profit because it will become too risky to let the gold go knowing you might not get it back at any kind of reasonable price)

O Captain, My Captain, rise up and hear the bells!

its 'cos I owe ya, my young friend...
Rockin' the FREE world in Tennessee since 1957!
9/11 Truth.

.

.

"We can see with our eyes, hear with our ears and feel with our touch, but we understand with our hearts."

GOLD PRICE BREAKOUT

GOLD PRICE BREAKOUT BEGINS

The move to kiss $1000 gold was the first dance, the initial step to capture global attention and to preview the next much bigger move. Some important less visible factors are at work to push the gold price up, somewhat hidden from view. The Intl Monetary Fund and the London G-20 Meeting bear on the gold forces. The full breakout is imminent. It could be days, or a couple weeks, probably not more than a month. Ramadan ends in ten days, and Chinese anger is spilling over. Underlying structures are breaking with each passing week. Bank ripples are being felt. Insolvency is spreading like a disease, while corruption spreads like a cancer. Central bank money creation occurs like from a garden hose. Stories will be told about these days for decades. This is history in the making. They are accumulating gold bullion here. The fools are still selling gold, unaware of its 100% rise in price upcoming. Actually, what comes is a quasi-global 50% currency devaluation. China is cutting deals with the I.M.F. to secure central bank gold in huge blocks, much like geopolitical horse trading amidst grand power shifts for global control. If the West wishes to enjoy the benefits of Chinese credit supply, then China must be given much of what it demands. In short, the gold price will break out past 1100 and past 1200, toward a 1300 target, WHEN CHINA DECIDES TO GIVE THE ORDER.

This has come to a Financial War between China and the United States, waged in the USDollar and Gold marketplace. The war chest held by China was essentially given to it by the United States and other Western nations, with all the foundation from direct business investment in factories. The self-destructive economic policies carried out by the United States will be fodder for historians for many decades. The conflict will inevitably morph into a Big Trade War, and probably into a military hot war. Few believed my warnings made in 2005 and 2006 that China and the US will be locked in a Trade War within two to three years. Watch the tragedy of a wider conflict unfold, as the US makes one error after another, mixed with defiant disobedience of its credit master China. The Beijing leaders have giving the Obama Administration orders. The decision to reappoint USFed Chairman Bernanke to another term went in direct contradiction to Beijing orders. Is it any wonder that gold hit $1000 in just one month after White House meeting, and just two weeks after the Bernanke reappointment? Not here!

http://www.kitco.com/ind/willie/sep102009.html

A prudent man foresees the difficulties ahead and prepares for them; the simpleton goes blindly on and suffers the consequences. Proverbs 22:3

A prudent man foresees the difficulties ahead and prepares for them; the simpleton goes blindly on and suffers the consequences. Proverbs 22:3
Matthew 10:34 Think not that I am come to
send peace on earth: I came not to send peace,
but a sword.

ecorob's picture

a very "telling" statement...

"Actually, what comes is a quasi-global 50% currency devaluation..."

...imagine, right now, going to the grocery store and seeing food prices doubled? in some cases, tripled? gas prices, doubled...when you can get it)

yes, it is coming...

those in power will push socialism as the saving grace of america...will "we, the people" accept this?

will we accept the excuse our leaders give of "not knowing that this crisis could happen and not preparing for anything like it..." (oh, they prepared alright, but just for themselves, not for me or you)

NO! we will have our rloveution...and they ALL will be replaced and we, the people will still be sovereign...(or, we will die trying!)

you don't have to be a rocket surgeon to figure out that this is coming down the line like a dark, stealth locomotive!

hidden in plain view, denied by the powers that be, but just as certain as the next sunrise (God willing)...

those that will not agree have alternative motives, the signs are clear

pity them bad_karma, for their ignorance...all we/you can do is try to help...if they won't grab the life preserver, they will live, or die, with the consequences...

O Captain, My Captain, rise up and hear the bells!

its 'cos I owe ya, my young friend...
Rockin' the FREE world in Tennessee since 1957!
9/11 Truth.

"rocket surgeon", ecorob?

Need I say more?

Yeah, pity "them"!

SteveMT's picture

Aren't the Chinese also encouraging their people to buy gold?

One ounce per Chinese equals 1.5 Billion ounces of gold. What would that do to the gold price?

CHINA DECLARES A SUBTLE

CHINA DECLARES A SUBTLE FINANCIAL WAR

China made three major announcements in the first week of September, each highly disruptive, enough to add thrust to the Paradigm Shift, enough to usher in the nasty phase (see Trade War escalation). The timing of late August and early September for disruptions and onset of instability has not been a disappointment. China has shaken the global system in three key ways, resulting in a grand challenge to the power structure. China announced:

permission granted for state owned firms to selectively dishonor OTC derivative contracts by means of self-administered Stop-Losses in reneges
Hong Kong demands the return of its gold bullion held in custodial accounts held in London, to make its own airport vault facility (the Zurich Switzerland model)
Mongolian rare earth metals will no longer be exported to the West, an assault against hybrid cars, certain electronics, and military weapons (missiles).
Implications are enormous. The OTC abrogated contracts for crude oil and metal contracts, ripe with corruption and entirely unregulated, could wound deeply Goldman Sachs and JPMorgan. The demand for Hong Kong gold is more a symbolic threat, adding thrust to what already has begun. Germany, Switzerland, and the United Arab Emirates have demanded a return of their gold from US and UK storage locations, the bank centers where some accuse the gold was routinely leased. The trend puts considerable pressure on the COMEX, which could be deeply wounded from lack of underlying metal. Some accuse its routine shorting is conducted without sufficient required collateral. Neither the USGovt nor the USMilitary have accumulated stockpiles in rare earth metals, a clear lapse. The distraction of profits from bond trading and organized USGovt fund channels must be too great. Rare earth metals are critical for weapons programs, and their absence could put further strain on the over-extended and generally strained USMilitary. See scandium (21), yttrium (39), and 15 elements from lanthanum (57) to lutetium (71), whose atomic numbers are cited in paranthesis. By the way, copper, silver, and gold are all in the same column for the periodic table of natural elements, a key point, since they share unique traits in their valence.

http://www.kitco.com/ind/willie/sep102009.html

A prudent man foresees the difficulties ahead and prepares for them; the simpleton goes blindly on and suffers the consequences. Proverbs 22:3

A prudent man foresees the difficulties ahead and prepares for them; the simpleton goes blindly on and suffers the consequences. Proverbs 22:3
Matthew 10:34 Think not that I am come to
send peace on earth: I came not to send peace,
but a sword.

yes... it would sent it up

yes... it would sent it up a good amount.. then look at silver.. only 1 billion ounces of silver at 17.00/ounce... with 1.5 billion Chinese wanting to buy? what do you think it will do to that price?

A prudent man foresees the difficulties ahead and prepares for them; the simpleton goes blindly on and suffers the consequences. Proverbs 22:3

A prudent man foresees the difficulties ahead and prepares for them; the simpleton goes blindly on and suffers the consequences. Proverbs 22:3
Matthew 10:34 Think not that I am come to
send peace on earth: I came not to send peace,
but a sword.

Cool!

Nice to see gold back to where it was about a year ago.

Silver is coming up, too.
When will silver get back to where it was a year and a half or so ago?

silver will skyrocket as

silver will skyrocket as soon as the manipulation by 1 or 2 large banks is stopped.. this could be coming soon..
www.investmentrarities.com read what Ted Butler has to say..
I am hoping the prices come way down... last opportunity to buy.. hopefully that has not happened yet.

A prudent man foresees the difficulties ahead and prepares for them; the simpleton goes blindly on and suffers the consequences. Proverbs 22:3

A prudent man foresees the difficulties ahead and prepares for them; the simpleton goes blindly on and suffers the consequences. Proverbs 22:3
Matthew 10:34 Think not that I am come to
send peace on earth: I came not to send peace,
but a sword.

sierra/bad_karma,

you've been blabbing this crap for 2 years already.

When are you going to admit that you have NO IDEA, (just like the rest of us), what's coming down, or when?

Maybe I should throw in a couple of "idiot, moron, jackass" comments, just so that I appear to be on the same page as you, but I think I will refrain from doing that.

*bad_karma - what a deliciously ironic choice of usernames for the former SIERRAHPBT !*

I guess I should also throw in your (sierra's) old line -
bad_karma - you have only been here for 10 weeks - what do you know, and why should anyone listen to what you have to say?

Isn't karma beautiful?

did your viagara wear off

did your viagara wear off yet? can you put it back in your pants so we can discuss this issue? or do you still feel the need to act like a child?

A prudent man foresees the difficulties ahead and prepares for them; the simpleton goes blindly on and suffers the consequences. Proverbs 22:3

A prudent man foresees the difficulties ahead and prepares for them; the simpleton goes blindly on and suffers the consequences. Proverbs 22:3
Matthew 10:34 Think not that I am come to
send peace on earth: I came not to send peace,
but a sword.

sierra,

what does viagra have to do with the price of gold and silver?

Try to concentrate on the topic!

wow... a nice conversation

wow... a nice conversation turns so ugly over what? if you can not see what is coming you are blind , dumb and stupid? which is it? NEOCONED...

A prudent man foresees the difficulties ahead and prepares for them; the simpleton goes blindly on and suffers the consequences. Proverbs 22:3

A prudent man foresees the difficulties ahead and prepares for them; the simpleton goes blindly on and suffers the consequences. Proverbs 22:3
Matthew 10:34 Think not that I am come to
send peace on earth: I came not to send peace,
but a sword.

sierra ... blind, dumb, and stupid.

I guess I left out these other favorite words of yours.

For those of us who are blind, dumb, and stupid,

why don't you tell us where gold and silver are going to be at Thanksgiving this year - you were WAY off last year!

A Christmas projection would be OK, too!

**You don't think that I am Neoconned, do you, you silly twit?**