Gold and silver - look out below!
Submitted by xntryk1 on Thu, 09/24/2009 - 10:29
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It's the equities that
It's the equities that better look out below. The CBOE put/call ratio jumped 62% today!
Concerning the plunge in gold price right before the London Afternoon Fix price is set - well, that's been common at least since gold was selling for $275 in 2001. It can be seen very clearly on charts of inter-day statistics. Everyone who follows gold is used to it. It has not kept the price of gold from more than tripling.
Since I don't buy for investment purposes, I don't really care
where it goes, in terms of USDs, day to day. I'd love for the price to dip so that I can acquire more of it for fewer USDs.
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"An economy built on fiat money is a society on its way to ashes."
_________________________________________
"An economy built on fiat money is a society on its way to ashes."
Well
It's funny. A guy with a little college education can read the markets like a glove. Why? Because I read the Daily Paul. It is here that I can get my news first and unadultered with educated commentary. Not the hog wash that they show on TV. Let's see.
Gold was climbing to the roof and tempted its high.
-IMF says its dumping tons of gold.
-the dollar goes on the uptick.
-PM starts moving down.
No it doesn't take a genius to realize that there is a method to their madness. Right now they're so readable a guy like me can see what the hell there doing. Why would the IMF and the FED be so blatantly obvious? It's because they're at the end game. They have no other choice than to be blatant. It's all the can do to keep the fake money strong. In the mean time my friends. Hold high-Buy low.
Yes , that's right ..I don't
Yes , that's right ..I don't know about THE HOLD THOUGH.
Good people do Good deeds
Good people make it happen
see to your liberty
Well
I don't want to be stand with thousands of FRN's when those note magically turn into "GASP" paper!
Don't get me wrong. If I need to feed my larger family I will bargain with the good stuff for food,clothing,women.
Yup......
What he said.
this is just a dip.
Yes this is just a dip. I doubt it will go below 900 but it's possible As was said it will establish a new bottom above where it has been hoovering for the last year. I think when it bottoms it will begin a jagged ascent up to even new heights. To many countries are trying to get thier gold out for it to go down to where it has been. This is just manipulation by the big 3 banks to try and avoid having to cover their fake shorts.
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End The Fat
70 pounds lost and counting! Get in shape for the revolution!
Get Prepared!
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End The Fat
70 pounds lost and counting! Get in shape for the revolution!
Get Prepared!
Agree with a dip. The dollar value decreases and gold must....
increase.
This was expected. Will buy if there is a big correction.
Update;
Metal Bid Ask
Gold $993.20 $994.20 -20.20
Silver $16.24 $16.29 -0.63
Platinum $1,294.50 $1,304.50 -27.30
Palladium $291.00 $296.00 -2.60
Updated:9/24/2009 1:19:00 PM CST
Its called a correction
Any healthy market has one. They have established a new top and are testing a new bottom for gold. This is good for holders of gold and silver and their stocks. I'd say a dramatic drop like this is just a good opportunity to buy. Many are looking at this as an opportunity, so don't be surprised when gold reaches new heights. Any news on short covering?
China and India are certainly looking at this as a good time to pickup more gold even if American's are too ignorant to understand why they should be in it.
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The FED is pumping FRNs oil is down to $66.41.
Get what you can while it`s cheap. It will go back up!
"We have to spend money to keep from going bankrupt"
Joseph Biden VP , USA
"You`re the Indians of the 21st Century, and that`s very sad."
Russel Means
Big Banks Cover Short Postiions
It is going to be fun watching all the shorts cover.
If the price does not come down I will laugh.
If the price comes down I will buy more.
I do not think I know how to read the COT right but do the banks need to cover before Sept 30th or Oct 30th. I am not sure I understand what contract date means in this case.
FYI - If you have not seen it yet. The DP has an Economy forum with Gold and Dollar graphs in it. Just click on the word Economy in the quick links section just above the main Daily Paul banner.
Did you really think
they'd have a hearing to Audit the Fed with Gold above $1000?
Why are all these metals moving in tandem?
Is this a result of manipulation in paper contracts by major holders of those futures?
Nothing goes up or down
Nothing goes up or down forever.
They had a good run, and stuff usually goes down when everyone is bullish
All metals are nose-diving today.
Metal Bid Ask
Gold $998.00 $999.00 -15.40
Silver $16.43 $16.48 -0.45
Platinum $1,300.60 $1,310.60 -21.20
Palladium $293.00 $298.00 -0.70
Updated:9/24/2009 9:33:10 AM CST
Any thoughts
As to why the tanking ??
Because all the bulls have
Because all the bulls have completed their purchases. There is no one left to buy.
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wrong..... 1 or possibly 3
wrong..... 1 or possibly 3 large US banks have a record short position in the futures market.. they hold over 80% of ALL the shorts contracts. that is market manipulation and it is illegal.. ofcourse when you are goldman sachs you own the government so you make up the rules as you go along.. All this BS about no one left to buy is pure bunk. Gold and silver are manipulated markets.. The Chinese already said they would buy whatever comes to market.. this has nothing to do with the physical metal or supply demand.. the banks are selling gold/silver in the paper market.. gold /silver they do not have.
A prudent man foresees the difficulties ahead and prepares for them; the simpleton goes blindly on and suffers the consequences. Proverbs 22:3
A prudent man foresees the difficulties ahead and prepares for them; the simpleton goes blindly on and suffers the consequences. Proverbs 22:3
Matthew 10:34 Think not that I am come to
send peace on earth: I came not to send peace,
but a sword.
Bad_Karma
I get the concept of short positions. But can you take a minute to tell me how short is short and does it vary from stock to stock or in general how it works.
There will be more bulls to
There will be more bulls to buy as prices pull back, fear not.
It is just the way the market works. Nothing goes up or down in a straight line.
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celeste: All the pundits have been forecasting this drop,
if it is real.
1. Has the IMF started their 400+ ton gold sell off to acquire dollars? Nobody knows.
2. Has the dollar increased in (relative) value? The G-20 is suppose to de-value the other fiat currencies, thereby adding "relative" value to the dollar. Another words, they are propping it up a little longer.
3. More deflation. Stock market is down, so gold also goes down
4. Don't forget "manipulation."
There are more reasons.
Help
Tiny suggestion from a moderator.
It would be really helpful if you would write a little about the links you post. To post them blind isn't exactly encouraging.
Come on now, help us out. Describe what you are posting, please.
He probably assumed that
He probably assumed that most of the people who are interested would be familiar with the kitco.com/charts URL.
I did describe what I was posting...
...in the title of the topic. :-)
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Ron Paul = Red Pill
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"Let them protest all they want, as long as they pay their taxes.” ...credited to Al Haig, Ronald Reagan's Secretary of State.
http://groups.yahoo.com/group/liberty_outlook/
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Ron Paul=Red Pill
xntryk1: With you.
Self-explanatory. This is an info thread
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