gold down to $1340.90.....updated- now 1338
joebb21
Posts: 4,748 ✭✭✭✭✭
this is going to hurt...
may the fonz be with you...always...
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Probably the global hangover will continue forever, the dollar will go to zero, and America will die, because "this time it's different"
Liberty: Parent of Science & Industry
Metals down because the CME raised margin requirements, at the same time that China is trying to rein in commodities speculations.
Be sure to have a chair when the music stops.
<< <i>Dollar almost back to 79~crazy me but I thought after QE2 the $ was going to tank??? >>
Well, Europe is threatening to go into full on meltdown mode. That coupled with the CME raising margin requirements taken into consideration PMs are holding up fairly well. I wouldn't panic just yet.
<< <i>Dollar up relative to the Euro because Ireland and Portugal are in trouble. In other words, the dollar is bad, but most everything else sux worse.
Metals down because the CME raised margin requirements, at the same time that China is trying to rein in commodities speculations.
Be sure to have a chair when the music stops. >>
What he said!
Dollar probably headed to 80-81 now that it has broken out solidly. Seems everyone was getting an early start this week rather than waiting for SM options expiration on Friday and gold/silver futures expiration on next Tuesday. The early bird gets the worm. FED will have markets where they want them by Friday to ensure a "healthy" set of TBond auctions next week. With Bond prices crashing for weeks now, a little lift is required. GSR has resistance back at the 58 level which is a likely place to head for...currently at 53. That also retraces about half of the previous drop.
roadrunner
There has been a significant increase in articles calling for metal backed currencies, or more correctly, metal in a basket of currencies that would be used for international trade. The more coverage this gets, the more mainstream this idea should become so certainly that will have an effect on the price of metal but we might be a year or two before it becomes reality if the current system lasts that long which is looking doubtful right now. If that happens then there is hope for metal backed currencies, at least fractional metal backed currencies. Imagine...having a currency that actually had something precious backing it; people would gobble it up.
Gobble, gobble
On 2nd thought,,,,,, it is only one story and I would probably just break my leg so I better not
GrandAm
<< <i>this is going to hurt... >>
What was the reason for this post in the first place? I have a hunch.
Please tell us why this this going to hurt? Did YOU buy gold at $1420 or something for the very first time? If so, I wouldn't sweat it
Are you and Baley going to come back over and post when gold is up? Please do! Please make sure we get a play by play because God knows that we don't know how to get Kitco quotes.
MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
The money that's being created has to go somewhere. Where do ya think it's going, besides to paper up banker's losses? There is no inflation, but prices are up. How gullible does one need to be to listen to this drivel?
It continues to amaze me that the central bankers can come out of this smelling like a rose, but they do.
There is an imbalance in trade and in payments - but someone will win and someone will lose. If the governments are in debt and the people are in debt, who is getting the payoffs? And what is the payoff?
It's clear to me that money is pretty much raw power, and that the bankers and some "leaders" are set up to gather up most of it, so that they can spend that raw power on their little jet-setting lifestyles.
If there are larger issues, then it's even more disgusting. But then, have things ever really been much different?
Back to gold & silver - it's still very much the game that roadrunner described here years ago - lather, rinse, repeat. If you don't understand that much, then you won't know enough not to sell your precious metals when things get hairy.
I knew it would happen.
Knowledge is the enemy of fear
why so much? why such a good price? what plans do you have for all that candy??
back on topic, I love gold and silver as much as you all do... and have quite a bit of it to back my opinion.
I just think that prices going to be range-bound for a while... and that that will be more healthy for the long term market than a continued spike
I'm sorry if you don't agree with me... I thought this was a forum for discussing the topic of precious metals. people will indeed stop coming by and chiming in if they're called out and chased off the boards
sometimes I think there are some folks on this board who actually WANT for America and the Dollar to fail, so that they can be "right"
Liberty: Parent of Science & Industry
<< <i>I just bought 80 pounds of Nestle Crunch, M&Ms, and Reese's Peanut Butter cups for $28. Seriously.
Whew! You'd find me in a chocolate coma if I ever bought 80#'s for $28
I bought so much because at least I can eat it, unlike gold. LOL
We would all have many more opportunities like this if Bernanke would just let the pieces fall as they should.
And you are correct. There are many people throughout society who would like nothing better than to see the USA fail. Fortunately, they will be disappointed.
Knowledge is the enemy of fear
<< <i>3 of my favorite candies!
why so much? why such a good price? what plans do you have for all that candy??
back on topic, I love gold and silver as much as you all do... and have quite a bit of it to back my opinion.
I just think that prices going to be range-bound for a while... and that that will be more healthy for the long term market than a continued spike
I'm sorry if you don't agree with me... I thought this was a forum for discussing the topic of precious metals. people will indeed stop coming by and chiming in if they're called out and chased off the boards
sometimes I think there are some folks on this board who actually WANT for America and the Dollar to fail, so that they can be "right" >>
Well put. MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
I have squandered my existance, for a pocket full of mumbles - such are promises...
All lies and jests, still a man hears what he wants to hear and disregards the rest...
I knew it would happen.
<< <i>
<< <i>3 of my favorite candies!
why so much? why such a good price? what plans do you have for all that candy??
back on topic, I love gold and silver as much as you all do... and have quite a bit of it to back my opinion.
I just think that prices going to be range-bound for a while... and that that will be more healthy for the long term market than a continued spike
I'm sorry if you don't agree with me... I thought this was a forum for discussing the topic of precious metals. people will indeed stop coming by and chiming in if they're called out and chased off the boards
sometimes I think there are some folks on this board who actually WANT for America and the Dollar to fail, so that they can be "right" >>
Well put. MJ >>
I'm in total agreement.
An old saying is applicable for some: "My mind is made up, don't confuse me with the facts."