Gold to $1300?!?

Stacy Summary: Place your bets. Gold went to $1300 today. Briefly. What does it close at in NY? Will the Fed tolerate $1300?

228 comments on “Gold to $1300?!?
  1. Youri Carma says:

    Gold hit a long-anticipated high-water mark Friday, briefly breaking through $1,300 an ounce. But the precious metal still has a long way to go to reclaim its inflation-adjusted all-time highs.

    A gold investor who bought an ounce of the metal at its January 1980 peak would need gold to advance by more than $1,000 an ounce from today’s record levels to come out ahead when 30 years of inflation are taken into account.

    People who bought gold in 1980 “have not even halfway broken even,” said Jon Nadler, a senior analyst with Kitco Metals.

    From: Gold’s next hurdle is 1980’s inflation-adjusted peak http://www.marketwatch.com/story/golds-next-hurdle-is-80s-inflation-adjusted-peak-2010-09-24

  2. Youri Carma says:

    “The consensus is the upward trend to gold will continue as yields on government bonds are likely to keep falling and the dollar remains under pressure.”

  3. Youri Carma says:

    @Neville Bartos

    no problemos, catch ya all later.

  4. GGees says:

    You people need to know that the FED protects your freedom by removing the responsibility for your destiny to their decree, this freedom from responsibility is true freedom. You may choose between a 6 month government sponsored re-education treatment or 6 months prison. Freedom is patriotism, truth is loyalty, loyalty is patriotism.
    Yes people we will wrap it all up in an American flag and you will swallow it happily. You are free to do as we tell YOU ARE FREE TO DO AS WE TELL

  5. Youri Carma says:

    Bernanke said the financial crisis was an old-fashioned bank run (No it was Not!*)

    *To make a long story short: Bogus Triple-A Securitisation Fraud – Derivatives – Leverage – And loads of more Fraud

  6. Youri Carma says:

    Judge conditionally OKs Citi settlement: reports http://www.marketwatch.com/story/judge-conditionally-oks-citi-settlement-reports-2010-09-24

    A federal judge signaled she would approve a $75 million Citigroup Inc. settlement with the Securities and Exchange Commission if both parties fixed disclosure problems, according to media reports Friday. The settlement involves charges that Citigroup failed to give adequate disclosure of its $40 billion exposure to subprime mortgages to investors in 2007.

  7. Happy Dick says:

    Election “software” RIGS elections.

    We are sooooooo fucked. This just takes the cake. Nothing is real, it’s rigged actuality.

    http://www.wimp.com/votesoftware/

  8. Youri Carma says:

    Somebodies Dead is Someone else’s Bread LOL

    Appaloosa’s main hedge fund returned 132% in 2009 after Tepper invested in big U.S. banks that were being bailed out by the U.S. government.

    Tepper tells CNBC Fed will prop up market – Appaloosa buys stocks ahead of possible second quantitative easing http://www.marketwatch.com/story/tepper-tells-cnbc-fed-will-prop-up-market-2010-09-24

  9. Youri Carma says:

    WTF! These grand poobah’s want bail out ruling so that they’re sure they get bailed out for all their reckless snake eye bets.

    Richmond Fed’s Lacker calls for clear bailout rule http://www.marketwatch.com/story/richmond-feds-lacker-calls-for-clear-bailout-rule-2010-09-24

  10. Youri Carma says:

    August durable-goods orders drop 1.3% http://www.marketwatch.com/story/august-durable-goods-orders-drop-13-2010-09-24

    Still Stocks Up!?

  11. Youri Carma says:

    SEC charges Carlson Capital over short-sale rule http://www.marketwatch.com/story/sec-charges-carlson-capital-over-short-sale-rule-2010-09-23-163310

    The SEC said Carlson improperly participated in four public stock offerings after selling short the same stocks. Carlson agreed to pay $2.65 million in disgorgement, penalties and pre-judgement interest, the regulator added. Carlson didn’t admit or deny the SEC’s findings.

  12. Bonn says:

    To All Americanos;
    So now what another War ??? Yer Economy is almost dead you guys had to Kill 3000 naa Exicute 3000 americans on 9 / 11 to last another 10 years
    How many Countrys have Invaded USA ??

  13. Bonn says:

    Americanos Shut the Fuck up !!!!!!!
    You guys have done Enuff damage to the fuckin world !!
    Find your Balls and Elect Real people like Ron Paul !
    The Problem was we always fell fer yer Lies
    NO MORE BITCH !!!!!!

  14. Bonn says:

    Physcotic Twerps !

  15. dan valley says:

    CIA runs 3,000-strong covert army to hunt down al-Qaida in Pakistan
    PTI, Sep 23, 2010, 01.29pm IST

    http://timesofindia.indiatimes.com/world/us/CIA-runs-3000-strong-covert-army-to-hunt-down-al-Qaida-in-Pakistan/articleshow/6612459.cms

  16. snoop diddy says:

    has anyone posted this yet? Apologies if that is indeed the case:
    S Africa to study mine nationalisation plan
    By Africa correspondent Andrew Geoghegan

    Posted 7 hours 24 minutes ago

    The African National Congress (ANC) will study a proposal that would nationalise South Africa’s mines, but has reassured industry that it is not yet policy.

    The move to nationalise South Africa’s mines is being pushed by the ruling party’s Youth League, which wants workers to take a greater share of the country’s mineral wealth.

    President Jacob Zuma says the ANC will begin debating the merits of the nationalisation proposal, but has emphasised that it is not being adopted as party policy.

    International investors have been unnerved by talk of the government taking control of the mining industry. However, the ANC will push ahead with its desire to impose greater restrictions on the media.

    Parliament is due to consider legislation to set up a media tribunal, which local journalists have condemned as am means of censorship.

    http://www.abc.net.au/news/stories/2010/09/25/3021797.htm

  17. Bill Stewart says:

    I blame it on Tronto being hot …

    Toronto breaks temperature record

    Toronto residents are experiencing the city’s highest temperature for Sept. 24 since record-keeping began in 1938.

    As of 2 p.m., the temperature was 30.5 C at the weather station at Toronto’s Pearson International Airport, according to Environment Canada.

    The previous highest temperature recorded at the airport was 27.2 C in 1968. The average maximum temperature for Sept. 24 is 19.2 C.

    “It’s definitely been a warm end to summer and Toronto is definitely the hotspot in Canada right now,” said CBC meteorologist Cory Edel. “There’s a lot of warm air coming up from the states.”

    But don’t get used to it, warns Edel. Those temperatures are expected to come down by late afternoon or early evening.

    “There’s a cold front that will be coming through and it will drop temperatures and give us showers,” he said.

    Read more:

    http://www.cbc.ca/canada/toronto/story/2010/09/24/tor-record-temp-september.html

  18. SAO says:

    Sen. Mike Gravel 1of2-supports ae911Truth.mov

    http://www.youtube.com/watch?v=n_K58bz8IjQ

  19. Lafayette nous voila says:

    Mr FLYINGDUTCHMAN has had words for me yesterday to which I need to respond.

    Right at the inception of my disquisition, you should know that ad hominem attacks, such as anti-semite , are the favorite method used by people, zionists mostly, lacking in the argument department. I won’t go there

    Now, about the French…well, I don’t give a shit about them. Most of them might even be what you say they are. But you see, I was taught as a child to judge people INDIVIDUALLY for their actions, not their words or their belonging to a group.

    This being established, to say that ALL French are chasing Roms to throw them out, All French were cowards during WWII, All French are vile colonialists is a sign of deeply rooted bigotry and a lack of respect for those French resistants who fought and died.

    Dividing people by exacerbating patriotism is an old tool used by the PTB. I refuse to go there. Patriotism is a word I crossed out of my vocabulary. You see, I have three passports and pledge allegiance to none of these countries. I only pledge allegiance to those who fight for freedom and the truth.

    The Truth, Mr WOEFRL, not the variety you are taught in the history books, such as Americans saved Europe, but the Truth that some INDEPENDENT researchers have tried to unearth, sometimes, at the risk of their lives. The unnecessary bombing and utter destruction of French and German cities with no German military presence are crimes against humanity, pure and simple.

    “At the conclusion of the Nuremberg trial of 1945-1946, the respected British weekly The Economist cited Soviet crimes, and then added, “Nor should the Western world console itself that the Russians alone stand condemned at the bar of the Allies’ own justice.” The Economist editorial went on:

    “… Among crimes against humanity stands the offence of the indiscriminate bombing of civilian populations. Can the Americans who dropped the atom bomb and the British who destroyed the cities of western Germany plead ‘not guilty’ on this count? Crimes against humanity also include the mass expulsion of populations. Can the Anglo-Saxon leaders who at Potsdam condoned the expulsion of millions of Germans from their homes hold themselves completely innocent?… The nations sitting in judgment [at Nuremberg ] have so clearly proclaimed themselves exempt from the law which they have administered.”

    One of the odder elements of American thinking is the widespread belief that the United States never fights wars for itself, only on behalf of others. Iraq is a war fought “on behalf of” muslims and so, we are now told, is Afghanistan. Bosnia and Kosovo were wars “for” the “muslims” and the Kosovars and nothing to do with the need to find something for NATO to do or thrill an American president denied his place in history by the absence of any great conflict. Before that, there were the small wars to “save” Grenada and Panama. Before that still, to hear some people talk, you’d think that the American presence in Vietnam was only about “saving” the South Vietnamese.

    Torture, rape, theft were rampant amongst American troops during WWII (and still are today)

    Hollywood has rewritten history and people swallow it, hook line and sinker…

  20. Daruka says:

    The Nuremberg Tribunal declared that “To initiate a war of aggression . . . is not only an international crime; it is the supreme international crime differing only from other war crimes in that it contains within itself the accumulated evil of the whole.”

    That the United States has failed to come to terms with its war crimes in Iraq only sets us up for a repeat performance. For a nation that lives by laws and the esteem of allies to act like an outlaw will ultimately undermine its own foundation. It is like playing golf in a bathroom– you’re going to end up with a lot of self-inflicted bruises.

  21. farang says:

    Youri:

    I am sure this will shock you, but as soon as I saw your link, farang said to himself: “a dollar to a donut this judge is _ewish.”

    You tell me:

    “In August, Judge Ellen Segal Huvelle said she did not have enough information to sign off on the deal. On Friday, Huvelle reportedly said she would “ultimately approve the settlement” if both sides adhered to disclosure and accountability policies that would prevent a similar event from happening in the future.”

    Think Segal may happens to meet my “crystal ball” WAG?

    Like it isn’t obvious, like I wouldn’t know my own country…too bad DTT doesn’t work on scumbag Americans.

  22. Dedo says:

    @Laf’,.. Nice post, I enjoyed that little read,…
    Now I’m going to have to look back and see who got your goat!,…. : )

  23. Fiatmentalist says:

    The commonwealth games

    http://www.bbc.co.uk/news/world-south-asia-11410823

    According to the NWO these guys are the future. Any indians present make a scentance out of the following words

    Pissup brewery organise couldnt

    OR

    Expect less international development and lower wages.

  24. Wolferl says:

    @ Lafayette nous voila

    Where the last few bombs thrown on German cities necessary? Well, maybe not. Was the destruction of vietnamese villages ok?. Of course not. But that´s the evil thing about war, it awakes the dark side even inside the good guys. But to get rid of the nazi-scum in Europe wouldn´t have been possible without the US, so i really don´t know why you are denying this fact.

  25. Alfred says:

    Think you meant “Gold at $3100?”

  26. Lafayette nous voila says:

    @WOLFERL

    Sorry to respond with some delay, I am traveling.

    What makes you think that the Germans THEMSELVES would not have gotten rid of Nazis; I understand that they grew not to like Hitler very much. Like the Blacks of South Africa got rid of apartheid and the East German of their communists, I am convinced that Europe did not need Yanks to come to the “rescue”.

    They only intervened to avoid the Russians reaching Brest.

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