9 replies to this topic

[nimblebear]

The price ! Seriously, the dollar is not really falling, but oil is up a bit. $100 here we come.

[MacRo]

It's not just the dollar and inflationary angst (althought that is certainly one aspect of it) It's also a function of the "emerging markets have ushered in unprecedented economic growth" and has seasonal secular tie-ins. Additional macro factors likely contributing to golds rise: 1. Classic supply and demand. Demand is growing (particularly in EM countries like China, India, Middle East where middle class is starting to proliferate), supply is not (production is actually slowly decreasing). There are only 2 new gold projects that will contribute anything important to supply in the next two years (one in Arizona, one in Zambia), whereas demand is rising rapidly 2. We are getting into the holiday season (not just Christmas, many Middle Eastern & Asian holidays as well); more demand for jewelry 3. Regardless of what Paulson & Bernanke say, there is a [bleeeep]-ton of liquidity out there... Plus it broke out technically, so that is doubtlessly attracting additional buyers

Edited by MacRo, 15 October 2007 - 08:47 AM.

[NAV]

3. Regardless of what Paulson & Bernanke say, there is a [bleeeep]-ton of liquidity out there...

Amen

[blitz99]

Also no gold coins available since sept 13 from the us mint. Check the US mint website.

[johngeorge]

nimblebear Got gas??? UNG huge gap up this am. Nov futures over $7. Energy is a winner. Bought gold coins a couple days before US Mint cut off sales. Best to you

[Tor]

Also no gold coins available since sept 13 from the us mint. Check the US mint website.

dOESNT seem to be a problem to buy, in the site????

[MacRo]

that gold coins point reminds me of another thing (which I tend to think is much more significant). Gold ETFs are taking tonnes and tonnes of gold off the table for their holdings. It's one of those self-fulfilling prophesies: gold ETFs get more and more popular/liquid, they have to back their NAVs with gold, they become an additional driver of demand...

[johngeorge]

Also no gold coins available since sept 13 from the us mint. Check the US mint website.

dOESNT seem to be a problem to buy, in the site????

http://catalog.usmin..._category=10191

[MacRo]

you can always drop by the swiss national bank. They have been selling gold like hotcakes recently

[dasein]

reason given by US Mint seems pretty reasonable to me: Due to the increasing market value of gold, the American Eagle Gold Uncirculated Coins are temporarily unavailable while pricing for this option can be adjusted; therefore, no orders can be taken at this time. klh