Gold

[OwlHoot]

Just went skyward for some reason. Expect some economic news.

Could it be something to do with this ?

 

[SantaClaus]

Gold looking bullish again:

Gold daily chart

 

[TimberWolf]

Up she rises.

 

[MarillionFan]

Hefty move in equities last week. FTSE upto 5717 up from 4800 just a few weeks earlier.

Volatile to say the least.

 

[KentPhilip]

A sharp move down in the last 24 hours. As Jimmy Savile's jewellery is sold..

 

[TimberWolf]

Gold is starting to get feisty again.

At least with all this talk about Italy and Greece the UK is off the radar for a bit. Can't see that lasting long, I don't think we'll be getting the deficit down or paying back our debts. Not without some more major trashing of the pound anyway.

 

[Mich the Tester]

Gold is starting to get feisty again.

At least with all this talk about Italy and Greece the UK is off the radar for a bit. Can't see that lasting long, I don't think we'll be getting the deficit down or paying back our debts. Not without some more major trashing of the pound anyway.

I suspect that if Italy were to sell just 5% of it's gold, the price would collapse.

 

[TimberWolf]

I suspect that if Italy were to sell just 5% of it's gold, the price would collapse.

Maybe, but what's the chance of that? Do they look dumb or something?

 

[Mich the Tester]

Maybe, but what's the chance of that? Do they look dumb or something?

On the one hand, they may need to to service debts, but I also know that it's not really Italian culture to sell off the family assets.

 

[TimberWolf]

Pretty steep and sustained decline going on. Is all well in the economics world?