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#7640743 - 04/11/13 Are We About to See a Global Gold Selling Spree?  
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MacLorry Offline
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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.

CMG 300 BP

#7640868 - 04/11/13 Re: Are We About to See a Global Gold Selling Spree? [Re: MacLorry]  
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During his training with the Marines, he recalled a fellow Marine asking him, "You used to be an Army captain, didn't you?" When Foote said yes, the fellow replied, "You ought to make a pretty good Marine private."
#7640915 - 04/11/13 Re: Are We About to See a Global Gold Selling Spree? [Re: OrangeOkie]  
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Originally Posted by OrangeOkie
Should you trust a man whose "eyebrows" are actually a single "eyebrow?"

[Linked Image]
Unibrow. Dude needs to sell some gold and get some laser treatments. Probably gots a forest on his back!


MAGA!
#7641697 - 04/11/13 Re: Are We About to See a Global Gold Selling Spree? [Re: OrangeOkie]  
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MacLorry Offline
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What, you never saw a central banker before? If they were good looking they would be in sales or on TV. smirk

#7644025 - 04/12/13 Re: Are We About to See a Global Gold Selling Spree? [Re: MacLorry]  
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MacLorry Offline
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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 Re: Are We About to See a Global Gold Selling Spree? [Re: MacLorry]  
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eyeball Offline
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Mac, How long do you think this market can continue its run?


The tree of liberty must be refreshed from time to time by the blood of patriots and tyrants.

If being stupid allows me to believe in Him, I'd wish to be a retard. Eisenhower and G Washington should be good company.
#7644099 - 04/12/13 Re: Are We About to See a Global Gold Selling Spree? [Re: eyeball]  
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MacLorry Offline
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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.

#7644125 - 04/12/13 Re: Are We About to See a Global Gold Selling Spree? [Re: MacLorry]  
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curious which central banks are buying...particularly if Cyprus is selling...

#7644160 - 04/12/13 Re: Are We About to See a Global Gold Selling Spree? [Re: tomk]  
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#7644180 - 04/12/13 Re: Are We About to See a Global Gold Selling Spree? [Re: Steve]  
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grinning...of course--Goldman!

Bravo

#7644251 - 04/12/13 Re: Are We About to See a Global Gold Selling Spree? [Re: tomk]  
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My personal opinion is that our Federal Reserve is nearing the end of their easy money, low interest rate policies of the past few years. Sometime over the course of the next 12 months I believe we will see interest rates start to rise. Since gold pays no interest or dividends, I think it will have a difficult time competing with rising rates. Could the sell off in gold now be a precursor to rising rates? I believe so, as any investment market is a discounting mechanism for future events.

#7644648 - 04/12/13 Re: Are We About to See a Global Gold Selling Spree? [Re: walt501]  
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Steve Offline
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Gold bugs selling off to become BitCoin bugs.

wink

#7652481 - 04/15/13 Re: Are We About to See a Global Gold Selling Spree? [Re: MacLorry]  
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MacLorry Offline
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Today the bottom dropped out of the gold price triggering even more selling. If we get a panic going there's a long way yet to fall.

It's a bad time if you are a short term gold investor, but a good time to get in after we see where the bottom is.

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#7652497 - 04/15/13 Re: Are We About to See a Global Gold Selling Spree? [Re: MacLorry]  
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I will be buying if it does drop low! Need to enter the market sometime and expand.

#7652507 - 04/15/13 Re: Are We About to See a Global Gold Selling Spree? [Re: MacLorry]  
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2legit2quit Offline
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yep I'm watching to see with great curiosity where the bottom is

I think a lot of it depends on what Russia, China and India do.


but I'd been told to expect great volatility ($100 moves in a single day) in the days to come and I believe we're seeing that now. grin

there's blood in the streets, ain't it something?




I'm pretty certain when we sing our anthem and mention the land of the free, the original intent didn't mean cell phones, food stamps and birth control.
#7652577 - 04/15/13 Re: Are We About to See a Global Gold Selling Spree? [Re: 2legit2quit]  
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Calvin Offline
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bottom? I don't think we'll see a bottom for a long time. If you buy now, you could be holding 20 years before you break even. It's shiny metal..


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#7652607 - 04/15/13 Re: Are We About to See a Global Gold Selling Spree? [Re: Calvin]  
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Yea, but shiny metal or green ass wipe - take your pick.


The tree of liberty must be refreshed from time to time by the blood of patriots and tyrants.

If being stupid allows me to believe in Him, I'd wish to be a retard. Eisenhower and G Washington should be good company.
#7652609 - 04/15/13 Re: Are We About to See a Global Gold Selling Spree? [Re: Esox357]  
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eyeball Offline
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Originally Posted by Esox357
I will be buying if it does drop low! Need to enter the market sometime and expand.
So what's low?


The tree of liberty must be refreshed from time to time by the blood of patriots and tyrants.

If being stupid allows me to believe in Him, I'd wish to be a retard. Eisenhower and G Washington should be good company.
#7652626 - 04/15/13 Re: Are We About to See a Global Gold Selling Spree? [Re: eyeball]  
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Steve Offline
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Originally Posted by eyeball
So what's low?


There's the rub.

I think I'll ask TRH.

#7652636 - 04/15/13 Re: Are We About to See a Global Gold Selling Spree? [Re: MacLorry]  
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The_Real_Hawkeye Offline
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Originally Posted by MacLorry
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.
Who wants it to go up? This was engineered because the central banks wanted to add more gold to their inventories at fire sale prices before the dollar collapses. The smart folks are taking advantage. It won't last long.


"It’s the usual Christophobic fifth column rooting for the Islamization of the West." - Ann Coulter
#7652643 - 04/15/13 Re: Are We About to See a Global Gold Selling Spree? [Re: The_Real_Hawkeye]  
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Steve Offline
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Right on queue.

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