Gold Just Hit $641.00!!!

[steve herschbach]

Wow, where is it going next?

I may have to get into the safe deposit box and part with some more gold.

Steve Herschbach
Steve's Mining Journal

 

[Grubstake]

In my humble opion its going to hit $1000.00 an oz by Christmas. More than that if we nuke IRAN, which is very posible. Grubstake

 

[bris dave]

The price is USD$643 as I write this.
This number saddens me not one bit!
I am back at the mine setting up for this season. Gold price is at an almost all time high and there is an abundance of water this year for me to wash my dirt.
We are currently feeling the effects of yet another cyclone which has dumped a good deal of rain on us, so we can be confident of the rivers running into June at least.
I will be working my ground with my neighbours who have bigger and better gear than I and it is shaping up to be a good year.

Lets hope you fellas have learned from Iraq and dont go bombing Iran.
That has me worried. I am coming to the belief Iran cannot be allowed a nuclear bomb. They are just silly enough to use the bloody thing.
Let us hope sanity prevails, though that is never a "given" when dealing with fundamentalists of any breed.

Anyway, may the gold price keep heading north with the uncertainty!

 

[chucktx2]

I put my collection up for sale for $800.00 oz. But gold is going up so fast maybe I had better rethink this move. I was sure gold would go up in time, But I don't know how much time we have & I sure wont to spend it while I still enjoy spending money, Age sure cuts down on your options ,,, chuck

 

[Hoser John]

Flop,back down to $616-governments and International Gold Fund will fight to kill this price as much as possible.Those with the smallest hordes want it low,so oil will remain king,that the dollar will still be traded in on oil instead of gold as in days of old-50+ years ago.John

 

[bris dave]

Its called profit taking John.
People on the share and commodities market do it all the time.
There will a lot of people who would have made a quick 10% or better profit on their gold over a couple of days. They will sell high and buy up again low. Watch the price rise slowly again.
No conspiracy theory here I fancy. Simply free enterprise at work.