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Cde Monomotapa
#21 Posted : Sunday, September 04, 2011 4:22:43 PM
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Joined: 1/13/2011
Posts: 5,964
!! 60 dollar crude !!
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hisah
#22 Posted : Monday, September 05, 2011 11:14:13 AM
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Joined: 8/4/2010
Posts: 8,977
Let us see if gold will be able to overcome $1913 top hit on Aug 23rd with all the euroland tensions aka stalled Greece bailout talks even before Bundestag decides if the German taxpayer will ignore the greek rescue plea.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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futurestrader
#23 Posted : Monday, September 05, 2011 11:22:29 AM
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Joined: 8/26/2011
Posts: 16
yep its $4 shy of 1900
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Audaces Fortuna Iuvat
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hisah
#24 Posted : Monday, September 05, 2011 4:44:53 PM
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Joined: 8/4/2010
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Tested $1900...

update - testing $1900 again...

http://www.kitco.com/charts/livegold.html
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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futurestrader
#25 Posted : Tuesday, September 06, 2011 8:19:45 AM
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Joined: 8/26/2011
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Gold has just hit its all time high...next target $ 2000...time for a nice swing trade...the world is in serious turmoil...lol
Quote:
Audaces Fortuna Iuvat
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hisah
#26 Posted : Tuesday, September 06, 2011 8:27:39 AM
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Let's see if it clears $1920 then it bolts again to $2000...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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futurestrader
#27 Posted : Tuesday, September 06, 2011 8:33:22 AM
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@hisah you do know between 1910 and 1920 - is a good 100 pips :)
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Audaces Fortuna Iuvat
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Cde Monomotapa
#28 Posted : Tuesday, September 06, 2011 8:40:19 AM
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Joined: 1/13/2011
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Good.
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ProverB
#29 Posted : Tuesday, September 06, 2011 8:43:37 AM
Rank: Veteran


Joined: 3/12/2010
Posts: 1,199
Location: Eastlander
missed the retrace last week!!! Sad
..
on a different matter,

@Hisah and Futurestrader would you buy actual gold at 6k per gramme and silver at 800 per gramme?

Received offer last evenin..still thinking.
..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version
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futurestrader
#30 Posted : Tuesday, September 06, 2011 10:19:34 AM
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Joined: 8/26/2011
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@ProverB - thats a fair deal.

Take note...dnt deal with Nigerians...and only transact inside the bank...a friend of mine got jacked at the Intercon by some Naijas
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Audaces Fortuna Iuvat
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hisah
#31 Posted : Tuesday, September 06, 2011 2:48:32 PM
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Joined: 8/4/2010
Posts: 8,977
@ProverB - 6K is fair valuation. And as @futures has told you, make sure it is a legitimate deal. For silver, 800/gram is way expensive. The current price of silver/oz = $41

Just out of curiosity is this transaction in KE? I've never found a place or biz in KE that deals with gold/silver as an investment...

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#32 Posted : Tuesday, September 06, 2011 2:53:00 PM
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Joined: 8/4/2010
Posts: 8,977
futurestrader wrote:
@hisah you do know between 1910 and 1920 - is a good 100 pips :)


I'm aware that move is 100pips but look at the downside almost 400pips. This is why I was pointing out that $1920 level. It has failed and the SNB aggressive move on EURCHF to ensure that this cross will remain above 1.20 to avoid sending the Swiss econ into deflation is a clear warning shot that gold will get sold very soon.

I am hedging using swiss franc and from today, I'm closing all my positions and repatriate some profits back to KE. Though if CHFKES goes below 105, I'll convert all the 90% of the francs to KES.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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futurestrader
#33 Posted : Tuesday, September 06, 2011 5:26:55 PM
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i see 1900 as a strong support .....unless EU has a solid package
Quote:
Audaces Fortuna Iuvat
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futurestrader
#34 Posted : Tuesday, September 06, 2011 5:39:38 PM
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Joined: 8/26/2011
Posts: 16
news just in from my broker

September 6th 2011: Greek Euro exit likely within days
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Audaces Fortuna Iuvat
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