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#7640743 - 04/11/13 09:35 AM Are We About to See a Global Gold Selling Spree?
MacLorry Offline
Campfire Guide

Registered: 06/25/10
Posts: 3153
Loc: polar orbit
Fox News: Are We About to See a Global Gold Selling Spree?

If the price goes down a few hundred bucks per ounce then I hope the Fed creates some more money out of thin air to buy gold. That will keep the price up, and if there's a finical crisis in the future they can sell the gold then. Interesting how the Fed can seemingly create gold out of thin air. Of course, central banks have been doing that for a long time.

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#7640868 - 04/11/13 10:10 AM Re: Are We About to See a Global Gold Selling Spree? [Re: MacLorry]
OrangeOkie Offline
Campfire Tracker

Registered: 01/04/09
Posts: 6418
Loc: Oklahoma
Should you trust a man whose "eyebrows" are actually a single "eyebrow?"

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#7640915 - 04/11/13 10:26 AM Re: Are We About to See a Global Gold Selling Spree? [Re: OrangeOkie]
EthanEdwards Offline
Campfire Oracle

Registered: 11/04/05
Posts: 32957
Loc: Four States
Originally Posted By: OrangeOkie
Should you trust a man whose "eyebrows" are actually a single "eyebrow?"

Unibrow. Dude needs to sell some gold and get some laser treatments. Probably gots a forest on his back!
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#7641697 - 04/11/13 02:19 PM Re: Are We About to See a Global Gold Selling Spree? [Re: OrangeOkie]
MacLorry Offline
Campfire Guide

Registered: 06/25/10
Posts: 3153
Loc: polar orbit
What, you never saw a central banker before? If they were good looking they would be in sales or on TV. smirk

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#7644025 - 04/12/13 08:33 AM Re: Are We About to See a Global Gold Selling Spree? [Re: MacLorry]
MacLorry Offline
Campfire Guide

Registered: 06/25/10
Posts: 3153
Loc: polar orbit
Gold has dropped over $65 an ounce and is under $1,500 as of 11:30 am eastern time today. Maybe the article I posted yesterday is valid, or maybe the article itself is causing the selloff.


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#7644041 - 04/12/13 08:39 AM Re: Are We About to See a Global Gold Selling Spree? [Re: MacLorry]
eyeball Online   content
Campfire Oracle

Registered: 03/22/11
Posts: 26910
Mac, How long do you think this market can continue its run?
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#7644099 - 04/12/13 08:56 AM Re: Are We About to See a Global Gold Selling Spree? [Re: eyeball]
MacLorry Offline
Campfire Guide

Registered: 06/25/10
Posts: 3153
Loc: polar orbit
I was watching Fox business and a while ago they were saying the best historical indicator is that the market has a long ways to go yet. Of course, if I believed that 100% I would sell off all my other investments and buy stocks. Not going to do that, but I have invested more in stocks just in case the market goes way up.

It could be that investors (not doomsday preppers) see stocks going up for a while yet and they are selling off gold to take advantage of the trend. If so, then gold could be headed down and if we get into panic selling it could go under $1,000 an ounce. Fear works both ways and it's a more powerful motivator than greed.

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#7644125 - 04/12/13 09:03 AM Re: Are We About to See a Global Gold Selling Spree? [Re: MacLorry]
tomk Offline
Campfire Guide

Registered: 03/15/04
Posts: 3701
Loc: Michigan
curious which central banks are buying...particularly if Cyprus is selling...

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#7644160 - 04/12/13 09:13 AM Re: Are We About to See a Global Gold Selling Spree? [Re: tomk]
Steve Offline
Campfire Outfitter

Registered: 05/31/01
Posts: 7628
Loc: Hillsboro, Or-Y-Gun (Oregon), ...
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#7644180 - 04/12/13 09:21 AM Re: Are We About to See a Global Gold Selling Spree? [Re: Steve]
tomk Offline
Campfire Guide

Registered: 03/15/04
Posts: 3701
Loc: Michigan
grinning...of course--Goldman!

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