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IBDvalueinvestin (99.66)

3rd time the charm for Gold breaking $1,000??

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September 03, 2009 – Comments (4)

I have no clue if Gold will break $1,000 but it was worth noting this is the 3rd time its trying to surpass $1,000. The last 2 times failed although this time it may succeed since its started to Rally at the right time. Sept. right when you have Gold buying for Ramadan & Indian Dowery season which begins in Oct.

http://www.kitco.com/charts/livegold.html

4 Comments – Post Your Own

#1) On September 03, 2009 at 12:54 PM, NVTreasureHunter (29.15) wrote:

I sure hope so ;-) But just in case history repeats itself and this is strike 3, I will sell some tomorrow (if it starts to dip) and take some profits. I never sell it ALL. Silver & Gold are what pays my bills and puts food on my table. I have to follow the waves buying at the lows and selling at the highs every month and it is just about that time of the month where I have to sell some anyway.

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#2) On September 03, 2009 at 1:28 PM, IBDvalueinvestin (99.66) wrote:

Looks like GOLD will break $1,000 any minute now.

Its at $996 right now.

 

http://www.kitco.com/charts/livegold.html

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#3) On September 03, 2009 at 1:56 PM, NVTreasureHunter (29.15) wrote:

Oh so close, now we just have to see if Silver can break $17. I've been waiting a year for it to get back up there.

$15 yesterday, $16 today, $17 tomorrow?

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#4) On September 03, 2009 at 2:00 PM, prose976 (< 20) wrote:

It's certainly is getting some serious front page time at CNBC.  Anything that gets this much attention is being pushed by major holders who would like to sell - IMHO.

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