Gold

[TimberWolf]

Gold <1700 now. Markets are mental at the moment. All that 'kicking the can' is starting to come home to roost - or should I say 'kicking the chickens'

Yep, an impressive £2000/kg drop today.

[MarillionFan]

I blame thicko investors who act like a sheep hoping to beat HFT computers.

The scores on the doors, slight loss on the week, but beautifully poised to make a bundle on Monday assuming that

a) Greece doesn't tank over the weekend
b) Israel doesn't invade Egypt
c) Gordon Brown doesn't turn up at the G8
d) It's discovered that the 3 Trillion links SKA has are really all to DFS and World of Leather.
e) River Song doesn't kill the doctor again.

Sorted.

[TimberWolf]

Major fall in gold this morning.

[TimberWolf]

Spot gold dropped to $1,582.69 an ounce, bringing losses so far this month to 13 percent, the biggest decline since the financial crisis in October 2008.

Cash silver lost 14 percent to an eight-month low of $26.65, on course for the biggest daily drop in almost three years.

"With recessionary pressure piling up, flight to safety means flight to really safe investments, and those are the U.S. dollar and U.S. Treasuries."

PRECIOUS-Silver, gold tumble further on dollar, liquidation | Reuters

Things must be bad if the US dollar is regarded as safe. Must be their turn to print again.

[administrator]

Major fall in gold this morning.

Aye - looks like a good move by the Prawn How low will it go though? Gold miners getting a pasting on the back of falling commodities as well. So what level would you be tempted back into Gold then DP?

[DimPrawn]

It's all unravelling just how I predicted!

[TimberWolf]

It's all unravelling just how I predicted!

You're an amateur who sold out at £31k/kg. Us professionals sold out at £36k/kg.

[DimPrawn]

You're an amateur who sold out at £31k/kg. Us professionals sold out at £36k/kg.

Grrrrrrrr.

[MarillionFan]

You're an amateur who sold out at £31k/kg. Us professionals sold out at £36k/kg.

Grrrrrrrr.

So how many grams did your jewellery collections come to then?

[TimberWolf]

Grrrrrrrr.

Still not bad though. Where do you see it heading? Off to the moon after a bit of a respite or flat on its face?

It's official now. There's no safe place for money left any more.