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  1. #2321
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    Watching the charts today has been rather exciting: Gold has so far plummeted past the sell stop levels(were around US$1627.00) on the futures market. At the time of writing it is sitting at just above US$1600.00 though it has been as low as US$1596.00. While the kiwi dollar seems to be holding it current level.......It will be interesting next week to see where gold and the Kiwi head. I am sure there will be heaps of commentaries saying golds 12 year run is over and another bunch of writers saying wait US$2000.00 oz is just around the corner!
    The mission of any business enterprise should include the aim to develop economic conditions rather than simply react to them.

  2. #2322
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    And what about oil prices, Austro?
    "There's one way to find out if a man is honest-ask him. If he says 'yes,' you know he is a crook." Groucho Marx

  3. #2323
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    Quote Originally Posted by muppet View Post
    And what about oil prices, Austro?

    Wasn't as dramatic as the gold charts yesterday. Oil dropped about 1.49%
    The mission of any business enterprise should include the aim to develop economic conditions rather than simply react to them.

  4. #2324
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    Oil will fall in med term due to fracking, and gold with it. Med in this context is 2-4 yrs.

  5. #2325
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    If gold and oil do fall worldwide we maybe on the mend

    But I feel there is to much : QE, inflation targeting and threat of a currency war for gold and commodities to fall in price
    have you defeated them?
    your demons

  6. #2326
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    Ohhhhhh wow
    Gold drops 4% today
    all the way down to $1500/oz.
    "There's one way to find out if a man is honest-ask him. If he says 'yes,' you know he is a crook." Groucho Marx

  7. #2327
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    Quote Originally Posted by muppet View Post
    Ohhhhhh wow
    Gold drops 4% today
    all the way down to $1500/oz.
    Next week will be interesting. The catalyst for the drop was the suggestion cyprus and other European states should sell their gold to settle some of their debts. If the market doesnt settle we might see a repeat of the 1980s price drop.
    The mission of any business enterprise should include the aim to develop economic conditions rather than simply react to them.

  8. #2328
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    Free business resources - www.BusinessBlogsHub.com

  9. #2329
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    Over the last 5-7 years the value of the NZ$ has been positively correlated with the gold price I wonder if that pattern has been broken?
    The mission of any business enterprise should include the aim to develop economic conditions rather than simply react to them.

  10. #2330
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    And gold continues to drop.
    Now down to $1405/oz.
    "There's one way to find out if a man is honest-ask him. If he says 'yes,' you know he is a crook." Groucho Marx


 

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