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Joined: Dec 2010
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Most likely just the rebound from the overpurchasing that drove up the value to its highs.

BP-B2

Joined: Jul 2006
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Campfire Kahuna
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For as long as the government keeps printing money, we'll have these back and forth discussions. It'll be two years before we can really have a handle on which way things will go. In the meanwhile, everything will be up and down prompting further guessing as to who's on the mark.

In the meanwhile, secure and protect whatever your investment vehicle might be. Those that do will be on the mark.

I thank the financial Gods I bought real estate in this area. I wish my clients could pay in cash.


The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.
William Arthur Ward




Joined: Oct 2005
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Originally Posted by MacLorry
The Fed scared Wall Street into panic selling, but why is gold down to $1290 as of 1:00 PM eastern time?


The decoupling has yet to occur.

Joined: Apr 2006
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Campfire Tracker
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Originally Posted by MacLorry
Wow, gold is now down to $1,276. Your analysis is as good as anyone else's that I've seen...


Yeah when it comes to explaining what has already happened in the market it seems like all of us can come up with something. Ask us to predict next week and we all suck equally. smile

Gold had its run. I think it will have another one though it may be a while coming. But it is so responsive to politics and the central bank that predicting how it will move long term means predicting how the political system and the Federal Reserve are going to behave long term... not easy to do!

One thing I believe would be good for all of us who are investing for retirement/future is to take this as a great opportunity to examine who we listen to and what their track record is. There are a TON of people who bought into the gold rally late and/or also completely missed the rally in the stock market. And there are a ton more who are sitting around waiting for a hyperinflationary event that just ain't in the cards (I'm looking at you Peter Schiff!).

After a while being early is just plain being wrong. There need to be consequences for those who misguide you just like there are consequences to your portfolio for listening to them. Just a thought.

Will


Smellin' a lot of 'if' coming off this plan.
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