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What is gold going to do Friday 3/19?

Submitted by wauhoo on Thu, 03/18/2010 - 17:55
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Gold has closed in NY at $1125 something for the past 3 days in a row. A little odd. Tomorrow is options expiration day. Up, down or same? Opinions? Nervous? Let's have some guessing fun, then go vote again for that guy's Polish girlfriend.

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Pushing gold down

Submitted by m72mc on Fri, 03/19/2010 - 13:50.

to scare away newcomers.

—

/Mike

Front Fell Off
http://www.youtube.com/watch?v=WcU4t6zRAKg

Direct trades...

Submitted by iehuvihs on Fri, 03/19/2010 - 13:23.

Always trade your gold and silver directly to the market. Don't go through the money changers...
grant

Yea exactly

Submitted by POW on Fri, 03/19/2010 - 10:50.

The FED just sold off a huge load of gold to buy back dollars so what did you expect. For the FED this is the best move to date to keep themselves in the game..I don't know the implications for America yet , but I believe that fate has already been decided..

The International establishment wants America gone.
That was the Reagan deal, when the wall came down..
Oh yea , probably..

The value of the dollar is going up today.

Submitted by SteveMT on Fri, 03/19/2010 - 10:27.

It is over-valued in absolute terms, but other currencies are in worse shape relative to the dollar.

So, everything valued in dollars like stock, which is overvalued anyway, will decrease and so will oil and gold.

In other words, cash is still king.

If dollar strength is a trend, buy gold when the price is lower, it is still a bargain now. If this is a one day blip in the curve and there is a terrorist attack or war starting tonight, the price of gold will increase.

Staying calm as gold prices fluctuate is much easier when you own some. Don't try to make money on anticipating what gold will do. Own it to preserve your wealth.

getting whacked pretty hard

Submitted by LibertyPrevails on Fri, 03/19/2010 - 09:52.

getting whacked pretty hard today...down about $19 right now, mainly due to predominate selling and some dollar strength.

Interesting

Submitted by Michael Nystrom on Fri, 03/19/2010 - 10:10.

This dollar strength doesn't look like a temporary thing. Looks like we're in for a sustained rise to me - at least for the next several months:

http://bigcharts.marketwatch.com/quickchart/quickchart.asp?s...

nop

Submitted by jtstellar on Fri, 03/19/2010 - 18:53.

it depends on how high it stays near 81 dollars then back down to 80. can't finalize dollar strength until the end of the month. it's near a 2 month cycle but a conclusion can't be reached until the end of march. so far it is trending pretty weak and for a major fall.

Shine

Submitted by MikeLawson on Thu, 03/18/2010 - 23:01.

,

—

Explore Orthodox Christianity

Gold will be hit hard.

Submitted by IamVoting4RonPaul on Thu, 03/18/2010 - 22:19.

The health care vote is this Sunday and they must make it seem as if "all is well".

—

Ron Paul "Sign Wave Across the USA" -- November 5th!

I am guessing it will be up by $6.00 an ounce....

Submitted by Tessie101 on Thu, 03/18/2010 - 22:16.

the dollar will take a little dive, and the yuan will finally go up, and close around 6.81 by the end of the month.

Remember that no matter what happens, the gold stays the same!

Submitted by SteveMT on Thu, 03/18/2010 - 22:05.

It is the value of the dollar or price manipulation that will change.

If you are fortunate enough to have some, hold on to it.
If the price plummets or skyrockets, it will still look the same.

Gold is peace of mind, and that is called security.

nm

Submitted by jtstellar on Fri, 03/19/2010 - 18:51.

nm

Its really a case of "what will the Fed do next?"

Submitted by Brit4RonPaul on Thu, 03/18/2010 - 18:36.

That's because we are talking about gold relative to the Federal Reserve Note.

The FRN is their baby. They can expand or contract the supply at will. They can "buy" gold or "sell" it.

Expect either a very sudden drop in the FRN gold price (if the Fed sells) or a slow, steady climb (if they buy or hold).

For the long term, the FRN is toast, but short-term fluctuations in the gold price are anybodys guess.