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S&P 500: 1,317.11 Change: -0.21%
Vet67to82
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Vet67to82's Blog : Gold and Currency info

Date December 1, 2009    Comments Comments (1)    Rate this post Recommend This Post (106)   
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One of the websites I check, when I can, is: http://www.kitco.com/

This site has a wealth of info on precious metals AND currency info, and impact, as well.

Please note, per this site: 24 hour gold $1215.40 +$16.40

SPOT MARKET IS OPEN
closes in 16 hrs. 51 mins.
Dec 02, 2009 00:24 NY Time
Tags : GLD   ABX   KGC  

1 Comment(s):

Author JoeJustJoe     Date December 5, 2009 15:18 Abuse this post Report Abuse
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Some lessons for the goldbugs and for those following ANY commodity seckter o'the markets. The entire run in the gold stocks was led by the physical commodity. That was the "tipoff" the markets were giving that the move in gold was nuphin but sheeeer speculation. Ifn you were to research the intial rally in gold that began just after 9/11 you would see that the gold stocks based for a loooong time and then began rallying well before gold did. Not this time however. Is the run in gold over? Yep! Butt!...the HUI goldpig index is telling us that after this total destruction of the morons who chased gold is over...thur will be anudder run in gold to retest these recent highs. The HUI is showing a nonconfirmed top at the 516.16 high. That means the gold stocks are going to stage anothr powerfull rally to take out that high. Most of yuns sheeple are just gonna have to "guess" wherst to buy the pullback and which stocks offer the best prospects. But watch the next rally and see ifn the stocks doan lead the commodititty next time. In the meantime....ifn you are a goldbug...enjoy the thorough butt whoopin you rightfully deserve for being a rally chasing moron. :-) 3J
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