Gold at $5,000

[Goldbull]

Gold remains in focus and its price can still explode higher.

[zindc3]

And drd could see R20 soon. Hectic. 5000 is so high. unreal.

[kwagga]

Err, jumping the gun there a tad bit aren't we ? I sense a bit of emotion there. That usually a good time to take some profit and wait for the next upleg.

[#4]

or collapse to $500......, some discussions are not worth having over again. The R/$ price plays the best and critical roll in this debate so unless the R/$ rate drops back to 13:1 we aint got no benefit and besides the mining companies have hedged their gold so they actually running at bigger losses every time the gold price shoots up. Futher the physical holding of gold by individuals is not going to happen in volume. Do you have R8k (estimate) to by a 1oz kruger rand today? And after you bought it would you go to the shops and buy good for R8k and would they accept your kruger rand as legal tender? the same with gold bars (even the mini ones)..... eish

[qwest]

It's possible for Gold to reach +$5000 and I think Arabjuice will will poke it's ugly head at $2500 a barrel

[#6]

watch for a major retracement at 1174 before the next upleg.....