We have approached a critical point
piecesofme
Posts: 6,669 ✭✭✭
I'm very interested to see what happens now that we have approached the range of the last bottom.
To forgive is to free a prisoner, and to discover that prisoner was you.
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Exit bunker, enter Matrix. LOL
Liberty: Parent of Science & Industry
The bottom part of the chart showing the EKG of investers is showing great distress.
Keep the metal, watch the stress.
Seriously, what would people do, sell/get out at a loss.
btw...who said they were getting out, didn't buy when they should've or selling for a loss??? A chart was posted to show we're at a critical point, that's all.
IMF to purchase $2B in gold
Too late! Sadly, due to QE's, $2B doesn't go as far as it use to. Is that irony or what?
With metals, it's not about how many $'s is being invested, it's about ow much weight is being purchased.
<< <i>I am a buyer of silver at 10 dollars. Maybe a few more years I can get back in. >>
I think you'll have to become a hotel coin buyer for that, good sir!
It's all about what the people want...
I have some ideas in the 1450-1350 range, if we get there.
<< <i>Sell last April 2011 like Justacommeman said to. >>
I was hopping for better cooperation. That way the inevitable PM whining would have been kept to a bare minimum and a more manageable number
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>
<< <i>Sell last April 2011 like Justacommeman said to. >>
I was hopping for better cooperation. That way the inevitable PM whining would have been kept to a bare minimum and a more manageable number
mj >>
<< <i>
<< <i>I am a buyer of silver at 10 dollars. Maybe a few more years I can get back in. >>
I think you'll have to become a hotel coin buyer for that, good sir! >>
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Jim Willie: USDOLLAR VS GOLD
Exit bunker, enter Matrix. LOL
Your link about IMF buying gold looks like opinion, not fact.
IMF to purchase $2B in gold
If you check the underlying news story they reference, there is no mention about buying gold, just adding to its "precautionary reserves" , which may be cash on hand.
The underlying news story says nothing about IMF buying gold
<< <i>Jim Willie: Gold ETF Raid Imminent As China Flushes J.P. Morgan of Physical
Jim Willie: USDOLLAR VS GOLD >>
Looking bank to the April 24th article, it seems Jim got the direction of the gold and dollar moves backwards. At least for now.
The latest article sort of covers up this miss by stating a Chinese gold raid is in progress. The market is going to go where it wants to go.