Posted: Tue May 30, 2006 8:27 am Post subject: Re: Oil, Gold, Copper will all fall this week.
I went panning for gold this weekend and all I got was wet! Too bad, look at that chart, reminds me of the roller coaster special I watched this weekend.
Joined: Aug 14, 2005 Posts: 766 Location: Dead civilization walking
Posted: Tue May 30, 2006 3:34 pm Post subject: Re: Oil, Gold, Copper will all fall this week.
Interesting to note that copper and silver headed in sharply opposite directions for the first few hours or so. Late last week, both gold and the USD were headed higher. I had a hunch I should have taken profits when SI-N06 was at the 13180 range. SI & GC have a habit of reversing direction an hour to an hour and a half or so into the NY session. I should have taken a look at copper and gotten the heck outta there. Now I'll have to wait six whole hours before silver is back up to 13300 range
I'm also hearing stories that silver inventories are down and gold deliveries for both investment AND jewelery are down. I don't know If i trust that news or not.
Posted: Thu Jun 01, 2006 9:58 am Post subject: Re: Oil, Gold, Copper will all fall this week.
Commodities getting hammered again. Silver was under 12, gold almost hit 620, back up at $630. Copper -5%, nickle -10% etc etc. Oil is the only strong commodity right now. _________________
Man's like a candle in a candlestick,
Made up of tallow and a little wick;
Joined: Apr 19, 2006 Posts: 197 Location: Australia
Posted: Fri Jun 02, 2006 4:30 am Post subject: Re: Oil, Gold, Copper will all fall this week.
Dukat_Reloaded wrote:
Commodities getting hammered again. Silver was under 12, gold almost hit 620, back up at $630. Copper -5%, nickle -10% etc etc. Oil is the only strong commodity right now.
This is good, actually. I bought my first silver bullion (1Kg) last week and will buy one every month until I have perhaps 10Kg. I hope the prices stay down long enough. After I reach 10 kg, I will reduce the pace and wait to see what happens. Perhaps, in the event of an economic meltdown, these bullions will buy me a house.
Anyway, silver is still cheap, by all that I've read, and those .999 coins really look nice! _________________ Omnia mutantur, nos et mutamur in illis
Posted: Fri Jun 02, 2006 7:14 am Post subject: Re: Oil, Gold, Copper will all fall this week.
Converting your cash into bullion makes saving fun! I only wish I wasn't in debt when silver and gold was much cheaper. Alternatively, I wish I knew how much the two'd go up, when I was in debt.
Posted: Fri Jun 02, 2006 9:09 am Post subject: Re: Oil, Gold, Copper will all fall this week.
no, I think kitco stuffed up the prices. still in the $630 range _________________
Man's like a candle in a candlestick,
Made up of tallow and a little wick;
Posted: Fri Jun 02, 2006 10:13 am Post subject: Re: Oil, Gold, Copper will all fall this week.
I'm expecting a run to 650+ early next week, (I'm still in and up on my longs with sloping stop losses.) followed by another significant correction, possibly to the 590s. After that, I don't know if the big shorts are going to be able to keep the game up much longer. Don't despair if it goes below 600. Fundamentals are fundamentals. _________________ Cougar
"Use it up, wear it out, make it do, or do without." - Brigham Young
Posted: Fri Jun 02, 2006 3:21 pm Post subject: Re: Oil, Gold, Copper will all fall this week.
I continue to think the price of gold recently has a lot to do with the Iranian situation. Back when things were looking ugly at the UN Security Council, gold shoots up to $717 per ounce. Then, negotiations with the EU begin, drops way down. Now, Iran suggesting won't consider latest carrot/stick idea, bc won't suspend enrichment, goes up $10. I don't think this is just coincidence. The price has been as crazy as the negotiations.
Joined: Aug 14, 2005 Posts: 766 Location: Dead civilization walking
Posted: Mon Jun 05, 2006 1:13 pm Post subject: Re: Oil, Gold, Copper will all fall this week.
The lease rates sure plummeted today. I guess no one wants to lease the stuff and short it? I have to agree with the Cougar; will likely see what it does tonight in Asia and London and keep chasing it's rear end with stops- same with silver.
Joined: Dec 25, 2004 Posts: 446 Location: Salem, MA
Posted: Tue Jun 06, 2006 9:14 am Post subject: Re: Oil, Gold, Copper will all fall this week.
the Fed sort of announced they'd be raising interest rates. the dollar is up vs almost all other currencies and gold is dropping quickly. $626.50 currently. how low will she go? my holdings are soley for the purpose of safe-haven savings. i'm thinking when it hits $600 i get on the phone and buy up some more bulliion... _________________ UNLESS
Posted: Tue Jun 06, 2006 1:34 pm Post subject: Re: Oil, Gold, Copper will all fall this week.
I'm back at cash after making my money this month. I wouldn't be a buyer before middle of next week unless we see another 5% down first.
I may play the short going into this weekend. I hesitated last time around and left alot of someone else's money on the table as a result.
I'm still calling 590 or lower by next week.
Posted: Wed Jun 07, 2006 10:39 am Post subject: Re: Oil, Gold, Copper will all fall this week.
Hmmm, oil dropping while gold rallies. figures right?, just goes to show no one can predict this market at all. _________________
Man's like a candle in a candlestick,
Made up of tallow and a little wick;
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Too bad, look at that chart, reminds me of the roller coaster special I watched this weekend. 
