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Gold looks ready to hit the $1,000 mark soon....

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  • Gold looks ready to hit the $1,000 mark soon....

    http://www.kitco.com/charts/livegold.html

  • #2
    Re: Gold looks ready to hit the $1,000 mark soon....

    I know I should be excited about gold going up but for some reason, I have this pit in my stomach.

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    • #3
      Re: Gold looks ready to hit the $1,000 mark soon....

      You shouldve posted a thread titled:

      "GOLD NOT GET KILLED!!!!!11!!"

      ;)
      Every interest bearing loan is mathematically impossible to pay back.

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      • #4
        Re: Gold looks ready to hit the $1,000 mark soon....

        I know you guys have seen this before.

        Recently a top in the GTU hit 50, with a 30% premium. The effective price of gold was $1,300.
        Attached Files

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        • #5
          Re: Gold looks ready to hit the $1,000 mark soon....

          And what's with silver? It's roaring harder than gold. There were many calls on the boards here to sell silver.

          I didn't so not really complaining, but still wondering....

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          • #6
            Re: Gold looks ready to hit the $1,000 mark soon....

            Originally posted by globaleconomicollaps View Post
            I know you guys have seen this before.

            Recently a top in the GTU hit 50, with a 30% premium. The effective price of gold was $1,300.
            When did GTU hit 50! I sure have not seen that. Nor have I noticed the 30% premium. The premium has certainly gone up in the last few days, but not to 30%?

            jim

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            • #7
              Re: Gold looks ready to hit the $1,000 mark soon....

              Originally posted by jiimbergin View Post
              When did GTU hit 50! I sure have not seen that. Nor have I noticed the 30% premium. The premium has certainly gone up in the last few days, but not to 30%?

              jim
              I think by "recently" he meant back in the spring. I was just wishing there was an easy way to track the history of the NAV premiums for GTU and CEF. ETFConnect for the win.;)

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              • #8
                Re: Gold looks ready to hit the $1,000 mark soon....

                Originally posted by jiimbergin View Post
                When did GTU hit 50! I sure have not seen that. Nor have I noticed the 30% premium. The premium has certainly gone up in the last few days, but not to 30%?

                jim
                gtu hit 50.11 intraday on march 20. see the graph here for the NAV premium.

                http://www.etfconnect.com/select/fun...sp?MFID=169250

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                • #9
                  Re: Gold looks ready to hit the $1,000 mark soon....

                  Originally posted by globaleconomicollaps View Post
                  gtu hit 50.11 intraday on march 20. see the graph here for the NAV premium.

                  http://www.etfconnect.com/select/fun...sp?MFID=169250
                  Are you quoting in Canadian by chance?

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                  • #10
                    Re: Gold looks ready to hit the $1,000 mark soon....

                    $999.50 today

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                    • #11
                      Re: Gold looks ready to hit the $1,000 mark soon....

                      Originally posted by globaleconomicollaps View Post
                      gtu hit 50.11 intraday on march 20. see the graph here for the NAV premium.

                      http://www.etfconnect.com/select/fun...sp?MFID=169250
                      OK, sorry I guess my idea of recent is a lot shorter than yours

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