Exactly, I fell for that once.. never again.  It's all about bullion for me now.  I'm just waiting for a nice dip right now.  I am afraid I won't get it but I think I'm going to wait for it anyway because odds are it will come.

Post edited 10:08 am – November 21, 2009 by Will

In the face of a rising dollar, gold continues to soar. This bodes well for gold. For those who are waiting for gold to drop in order to get in, you may be waiting a loooooong time

http://www.reuters.com/article…..20?rpc=401

Post edited 6:48 pm – November 22, 2009 by Will

The 24-hour spot market just opened with gold jumping up $7 an oz.  This is simply incredible. Those of you waiting for a dip to get in might really want to rethink your strategy. With quantitative easing not stopping anytime soon Gold has nowhere to go but up. Soon, you will not be regretting what price you bought in but why didn't you buy more.

It is now up $8.80

It is now up $9.80 at $1161.00

Think miners, too. While GLD is up 1.38%, GRS is up 6.4%, AUY & GG up 3%, IAG up 4.4%.

Post edited 11:39 am – November 23, 2009 by shredmonster

I took some profits today on mining stocks – had to.  Profits like this don't come along every day.

31% on GRS for example in a few short months.

I took it and ran.

Contrarian Profits is one of the biggest Doom & Gloom websites around.

I don't agree with this at all and I don't think many other people would either.  Look at the obvious demand for gold in every part of the world.   So gold is not worth investing in but the miners are – that is not even a common sense statement.

Becuase of the tremendous amount of dollars printed inflation is eventually unavoidable and gold will go up.

The author of the article will be a living on the street if we have a market collapse which I feel is an outside possibility.

Any thoughts on PTM?

I don't think we've reached bubble levels yet. Remember the real estate bubble? People were standing in line to get Florida condos to flip. We haven't seen anything like that yet.

Although individuals and large players like India are realizing it's not a bad idea to have some of your assets in precious metals with near zero interest rates and deficits here in the US and many other countries.

The price targets we hear for gold are still modest. 20-30%. Not much talk of doubling or tripling anytime soon.

$1800 barrier??  You mean $1000 and $1100, right? 

Yes, I noticed the same thing.  Martin Weiss is even hitting on it.  Did you see the Dollar Today?  Holy Crap. 

I keep thinking there has to be some kind of "head fake" that the government will pull off.  Do they really want people thinking it's all miserable during the holidays when people need to spend money for the economy, let alone morale?

SO MAD AT MYSELF for not buying more Gold and Silver.  At $850 an ounce I was screaming it and people told me to stop being so "gloom and doom".  What an idiot I was.  AUY at under $3.50…. why didn't I pull the trigger?? 

Corrected: Thanks dmanson

Even as I watch gold smashed through the $1,180 barrier, and then the $1,190 barrier in the space of an hour or so, I felt a tinge of fear about what is happening to our beloved country and our currency. It is sinking like the Titanic. Back on Thanksgiving 2006, the same thing happened with the US$. It started dropping on Wednesday and by the time people came back on Friday, it had dropped quite significantly. Are we seeing the same thing in 2009?

dmanson said:

I'll ask again..  Do you guys think the same thing will happen in Silver?  Silver is rising but is not quite at it's highest levels (I don't even consider the 70's when the Hunt brothers cornered the market, I look at $21.2/oz as the all-time high.

I figure rather than beating myself up for not buying Gold, is Silver ripe for the same thing?  I'm too scared to buy Gold now but Silver looks like the rocket is just starting to lift off.

and I  will answer you again…. Buy up all the silver you can lay your hands on, silver rounds, old used silver coins (come in the bag) for barter, silver eagles plus silver stocks like SLV, SVM, SLW, etc. I wouldn't give up on gold just because you think it has gone up too much…just ask yourself how many times have you been wrong about the true length of any rally and left plenty of money on the table or left too late and came up short.

For example, I just bought some GLD options on Monday when gold was like $1,150 an oz.  Today, I made a couple of grands. Honestly, I think gold has just started. Gold price will slowly but surely pull the rest of gold mining stocks along for the ride.

One strategery I'm using now is to see how close a stock is to it's recent top. I'm not using the 52 week high that shows on most sites. Not far enough back. I'm looking at the recent high on the P&F chart (on stockcharts.com). For most stocks, this is early to mid 2008.

The theory is that stocks well below the high could still have a ways to go and reduced risk on the downside. The number of stocks in the precious metals sector that fall into this category is dwindling. SVM, SWC, EXK, AEM, PTM still qualify. Platinum might be better than silver or gold right now. Look at the P&F for SWC and PTM. In oil, BPZ, NOG, ROSE are on my radar. ACXM, UEPS, YTEC in tech.

These are just some that I've been watching. I'd be happy to hear about other people's favorites that fall into this category.

Bargains: I bought more SVM this morning at 6.92, and more HNUZF at 9.15.

Yup! Last Friday was a great buying opportunity for gold. The next time another Dubai happens, you won't see as much rushing to the US$ as before because people will get smarter and start to realize that gold is a safer haven than US$.