is this the beginning of the end ? , page-5

G'day, staffyX,

thanks for the thumbsup, but do I tend to ignore them mostly.

The web page I use for spot gold price is Goldprice.org
It allows you to quickly view the price in various monetary units. I think it is all part of the same mob anyway ?

I don't see much point in monitoring the price of gold in US$ at the moment. Well... not at least until the world realises that the US$ is not worth the paper it is printed on, then starts selling it off big time.

Last night when I saw the price of gold in Euro and British pound shoot up suddenly, I thought this is the moment.

I tend to watch both Gold in AU$ and the ASX300 energy index (XEJ), as they seem to work inversely to each other.

Another key indicator I watch, is the price of nickel. Though it is in US$, it still gives a pretty good forward indication for the sentiment of the manufacturing industry.
As nickel is a major component of stainless steel, mills need to order it well in advance to fulfil their projected orders. And with the price of nickel falling some 30% in the last 2 months, gives us some indication that manufactures are not too confident about the next year or two.

I think that governments world over are running out of excuses, so as to distract the population at large from the debt crisis. People are battening down the hatches for tough times.
The only thing left now for governments to use as a tool is start a bloody big war. Which, I might add, is not generally considered to be good for one's health. ;-)

Let's wait 'til Monday's open on the COMEX to see if gold will keep rising sharply or whether it will settle down.

--Dan