How low will it go? .....

moonshine · September 15, 2011 4:29PM

newest lows don't bother me, but it sure would be nice to know where the bottom is going to be.

What's the next event that will shoot the roller coaster up again?

pmcollectour · September 15, 2011 7:30PM

1715 ?

Justacommeman · September 15, 2011 8:15PM

I'm a buyer at $1755........MJ

OPA · September 15, 2011 8:57PM

My "worthless fiat currency" is aching to jump in and buy at $1695

pmcollectour · September 15, 2011 10:27PM

The real question is, "How high will it go ?"

derryb · September 15, 2011 10:44PM

It's all about the dollar and China decides:

"Eventually, China is going to have to choose which currency to support; the dollar or the euro. Supporting both is simply not an option, especially when the chance of collapse in both currencies is so high. So far, the most logical path has been the euro. While the EU may suffer an astonishing breakdown, we must take into account that our own Treasury and central bank have seen fit to throw trillions of dollars into propping up Europe (with even more on the way)."

"If you want to know what’s going to happen tomorrow, watch what China does today."

Is China ready to pull the plug?

vibr0nic · September 15, 2011 11:06PM

<< I'm a buyer at $1755........MJ >>

I've nibbled twice as the PMs slipped under the 1800/40 levels... still have some dry powder at the ready if it slips lower.

The dips don't bother me one bit.

secondrepublic · September 15, 2011 11:12PM

seems to be up this morning.

the downs don't bother me either

pmcollectour · September 15, 2011 11:32PM

Now that all that has been cleared up (again), the primary point becomes rather direct; the reason it is difficult to predict an exact time frame for an American collapse is because all the pieces are in place to trigger an event right now! There are, of course, stress points within the system that set a time limit, even on global banks and China, but a full spectrum catastrophe is not only a concern for some distant future. Every element needed for the so called “perfect storm” is ever present and ready to ignite at a moments notice. The destructive potential coming from China alone is undeniable. Everyday that the spark is subdued should be treated as a gift, an extra 24 hours of education and preparation. This is how close we are to the edge. It is not for us to be alarmed, but to be ready, and ever aware.

pf70collector · September 16, 2011 12:18AM

I hope it goes back to $1200. Just more buying opportunity. All my gold is in modern PCGS MS 70's and PF 70. So some will be protected like my UHR 70(self made) and Van Buren Gold Spouse 70(Bought at $1K). Though I do concede my 1/4 oz 70 Gold Commemoratives will take a hit, but Gold will have to fall below $1K since these were bought mostly in '05-'06. Did not buy gold this year at all at these levels except 2 Medal Of Honor Gold Commems.

MilesWaits · September 16, 2011 12:32AM

Hold those dollars!

This is one VOLATILE market my friends. Hair on end, fingernails on chalkboard, toes a twistin, stomach churning insane market...

that Sinclair called years prior when we would hit $1764. Not if, when. I did buy some dragon gold cause it's Dragon once every 12 years.

Miles

Coins101 · September 16, 2011 1:05AM

<< Hold those dollars!

This is one VOLATILE market my friends. Hair on end, fingernails on chalkboard, toes a twistin, stomach churning insane market...

that Sinclair called years prior when we would hit $1764. Not if, when. I did buy some dragon gold cause it's Dragon once every 12 years.

Miles >>

Great link Miles.

So, China is ready to stick the fork in the US by buying us with their big saving account. Why invade us to control us when they can simply manufacture things cheaper than here (due to regulations, taxes, wages and government subsidies) and convince our manufactures to have their products made over there to sell over here so they make a bigger profit. Then China simply buys us.

Konahead · September 16, 2011 9:20AM

<< 

<< Hold those dollars!

This is one VOLATILE market my friends. Hair on end, fingernails on chalkboard, toes a twistin, stomach churning insane market...

that Sinclair called years prior when we would hit $1764. Not if, when. I did buy some dragon gold cause it's Dragon once every 12 years.

Miles >>

Great link Miles.

So, China is ready to stick the fork in the US by buying us with their big saving account. Why invade us to control us when they can simply manufacture things cheaper than here (due to regulations, taxes, wages and government subsidies) and convince our manufactures to have their products made over there to sell over here so they make a bigger profit. Then China simply buys us. >>

roadrunner · September 16, 2011 10:15AM

Don't think we're out of the woods yet. Gold managed to rebound right back to the downtrend line formed from the recent $1922 high (ie $1822 today). Worse yet, silver
broke below its 10 week uptrend line and is now just retesting the underside of it. We may not go lower than $1762 on this round even though that big gap down at $1665 is a
beacon of sorts. Anything in the $1700's continues to be a short term gift. I see lots of calls for $1400-$1650 gold on this corrective leg. Gut feel says $2000 is more likely than
$1500. And I have one ASE riding on that bet too...lol.

roadrunner

RedHerring · September 16, 2011 10:46AM

Confucius say, "$1600 before $2000". And RedHerring say, "We'll see $2000 before the pond freezes".

Spooly · September 16, 2011 11:26AM

I will start buying at 1660 and lower.

Spooly · September 16, 2011 11:27AM

Time to start tightening the stops on the Junior Gold/Silver stocks.

pf70collector · September 17, 2011 10:29PM

China will never buy us or own us. Owning $1.1 trillion of our debt is not much. Besides they are diversifying out of treasuries now into hard assets. If the Fed can manage over $16 trillion already going to banks here and abroad.........but that can't be sustained either.

yellowkid · September 17, 2011 11:50PM

<< China will never buy us or own us. Owning $1.1 trillion of our debt is not much. Besides they are diversifying out of treasuries now into hard assets. If the Fed can manage over $16 trillion already going to banks here and abroad.........but that can't be sustained either. >>

The old saying is that if you owe a guy $5000, you have a problem, owe him $500,000 and HE has a problem. I'm like MJ, a little bit of a downturn and I'm a buyer.

ricko · September 18, 2011 12:21AM

Hang on... this is only September... gold is gathering for a big run-up. Cheers, RickO

DrBuster · September 18, 2011 11:31AM

Where did that undervalued $1.1T number come from pf70? That's low, very, from everything I've seen/read.

DrBuster · September 18, 2011 11:31AM

double post goodness, ignore/delete please

derryb · September 18, 2011 11:22PM

lower

TwoSides2aCoin · September 18, 2011 11:57PM

Got a call yesterday from a guy who wanted to sell 5 one ounce gold maple leafs. I told him I'd be interested. I missed his call back , but returned his call within the hour. He sold them to another dealer because he was in a rush, but "thanks for calling back".
I asked how much the other dealer paid him for what "great grandma left".... Answer: " 5 grand for all five ounces". He was so proud until I told him most of us dealers pay 95-98% of spot.

The question I have is : How low will some let it go ? That will teach me.

DrBuster · September 19, 2011 12:01AM

Ouch

pf70collector · September 19, 2011 1:27AM

5x1800=$9K not 5K. ???

pf70collector · September 19, 2011 4:57AM

I will buy the 2011 Platinum 1 ozer if platinum falls to $1100. if there is not a run on them. Can always hope.

How low will it go? .....

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