Thought it deserved its own special thread.. Just teetered on the $997.5 mark at the time of writing!

I hope someones got a picture of a $1000 GOLD cake ready for the celebrations.

Click to view attachment

http://news.bbc.co.uk/2/hi/business/7294040.stm

Is that a flying pig I see?

Has gold already gone parabolic?

In other news:

http://news.bbc.co.uk/1/hi/world/africa/7294665.stm

How can you not tell steel from gold

You couldn't make this up

Makes you wonder just how much gold in the world is really real It is such an easy test to see if it is steel, either this is an inside job and someone was hoping that gold would never really go up in price or the Ethiopian assayers are just too thick to be believed!

Let's WATCH GLD (the Gold etf)...





= =

To explain here:
Strong volume on a Breakout above GLD-$99, would be an important indication that
more price move is coming

So DrBubb, do you see Gold powering to the $1200 level before correcting sharply? Say within the time-frame of the next few months / weeks??

Very short-term rising trend line support.

It's either going to get forced through $1000 or back towards 985ish in the next couple of hours.

It depends on the Volume... But I dont expect that quickly.

My best guess is that it runs to $1050-1100, and then pulls back

Well it fell out of the intra-day channel.

Next support 992/990 then 985.

Dollar bounced on the US consumer price data.