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#7657615 - 04/16/13 Re: Are We About to See a Global Gold Selling Spree? [Re: plainsman456]  
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please remember, if bankruptcies occur, money is destroyed. so, it's a balancing game....create money to replace money that is destroyed,as the "dance" occurs around the rose bush. grin


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#7657637 - 04/16/13 Re: Are We About to See a Global Gold Selling Spree? [Re: plainsman456]  
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This Silver Doctors, a specialist in the metals markets says this drop in metals is to help banks pick up metals cheap and that the Comex and Lbma will be closed real soon after an impending financial event and no more buying of gold or silver will be allowed. They steps are taking place to shut down future production. Bill Holter , a metals specialist says Barrack res. big buy of the giant mine co.Pescua (sp) Lama due to' unclear title' is on hold.

He also reports that the kennecott giant copper mine which produces a lot of gold and silver is 'closing due to landslides'.



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#7657657 - 04/16/13 Re: Are We About to See a Global Gold Selling Spree? [Re: eyeball]  
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closing due to a landslide in prices, maybe?

i don't know,and don't pretend to.

but if prices decline, the higher cost mining operations won't be far behind, will they?


#7657719 - 04/16/13 Re: Are We About to See a Global Gold Selling Spree? [Re: plainsman456]  
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Originally Posted by plainsman456
What i want to know is:
If the economy is so bad like it has been why has gold stayed below 1700?

Just seems that if it was such a good hedge it would be higher.
They can lower the price at will by flooding the market with "paper gold and silver." It creates the illusion of more gold and silver than there really is, thus lowering the price. This, however, can only be carried on so far.


"It’s the usual Christophobic fifth column rooting for the Islamization of the West." - Ann Coulter
#7657726 - 04/16/13 Re: Are We About to See a Global Gold Selling Spree? [Re: The_Real_Hawkeye]  
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Well dumbass, I sure hope you soon recoup your losses from your foolish fire sale purchase yesterday.


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




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#7657814 - 04/16/13 Re: Are We About to See a Global Gold Selling Spree? [Re: The_Real_Hawkeye]  
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Originally Posted by The_Real_Hawkeye
Originally Posted by plainsman456
What i want to know is:
If the economy is so bad like it has been why has gold stayed below 1700?

Just seems that if it was such a good hedge it would be higher.
They can lower the price at will by flooding the market with "paper gold and silver." It creates the illusion of more gold and silver than there really is, thus lowering the price. This, however, can only be carried on so far.


Professional investors don't deal in physical gold mainly because of the buy/sell spread. Rather, they deal in securities tied to gold. Nevertheless, these instruments set the market price of gold no different than if it were physical gold. Try selling your physical gold for anything above the "market price" and you'll get laughed at.

So if the big crash comes in our lifetimes how much will gold be worth? Answer, there won't be a fixed price. If you're starving to death how much gold would you give for food? If you need to defend yourself how much gold would you give for a gun or ammo? Being it has little use in such a scenario, no one is going to show up at your door desperate to trade goods for your gold.

#7833772 - 06/20/13 Re: Are We About to See a Global Gold Selling Spree? [Re: MacLorry]  
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The Fed scared Wall Street into panic selling, but why is gold down to $1290 as of 1:00 PM eastern time?

#7833814 - 06/20/13 Re: Are We About to See a Global Gold Selling Spree? [Re: MacLorry]  
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Because a lot of folks are a hell of a lot less worried about inflation when the central bank starts talking about coming off of their bond buying spree? That's as good of a guess as I have.

Unless we do something monumentally stupid (like lifting the restriction on crude exportation) I look for the dollar to have a lot more strength until this round of massive oil drilling investment plays out. There's a lot of domestic oil production that is helping to put a floor under the dollar (in my very amateurish opinion). This will take a while to run through.

Barring calamity I can't see gold breaking out with the Fed backing off(so they say), domestic oil production adding strength to the dollar, and the rest of the world in serious financial trouble.

Will


Smellin' a lot of 'if' coming off this plan.
#7833835 - 06/20/13 Re: Are We About to See a Global Gold Selling Spree? [Re: eyeball]  
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A wash in the west.
Everyone knows the real investment now is ammo and components. You could have doubled your money in the last six months tax free.

Last edited by 17ACKLEYBEE; 06/20/13.

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#7834004 - 06/20/13 Re: Are We About to See a Global Gold Selling Spree? [Re: tomk]  
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When it gets down to $400.00 per ounce I'll buy.

Jim


"Whensoever the General Government assumes undelegated powers, its acts are unauthoritative, void, and of no force." --Thomas Jefferson

Bravo

#7834072 - 06/20/13 Re: Are We About to See a Global Gold Selling Spree? [Re: arkypete]  
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All I can say is...

Pump & Dump!

We've been had again.


Islam is a terrorist organization.

#7834084 - 06/20/13 Re: Are We About to See a Global Gold Selling Spree? [Re: MacLorry]  
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It would be nice to be able to buy it at bargain basement prices. It's folks like yourself that create conditions for these sell-offs, for which I'm grateful. Market reality, however, will ultimately not be cheated. You can't continue to double and triple the fiat currency supply without the long-term price of real commodities rising, particularly a commodity like gold.


"It’s the usual Christophobic fifth column rooting for the Islamization of the West." - Ann Coulter
#7834145 - 06/20/13 Re: Are We About to See a Global Gold Selling Spree? [Re: The_Real_Hawkeye]  
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You just keep telling yourself that, Hawk



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#7834496 - 06/20/13 Re: Are We About to See a Global Gold Selling Spree? [Re: Steve_NO]  
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I have a gold tooth. Wonder how long I should hold onto that?


Proud to be a true Sandlapper!!

Go Nats!!!!


#7834515 - 06/20/13 Re: Are We About to See a Global Gold Selling Spree? [Re: Penguin]  
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Wow, gold is now down to $1,276. Your analysis is as good as anyone else's that I've seen. I sold off last week and will likely stay out of the market until the Fed decides what it's going to do. Problems is that given their dual mandate the Fed can't predict what the Fed will do.

#7834534 - 06/20/13 Re: Are We About to See a Global Gold Selling Spree? [Re: The_Real_Hawkeye]  
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Originally Posted by The Real Hawkeye
It would be nice to be able to buy it at bargain basement prices. It's folks like yourself that create conditions for these sell-offs, for which I'm grateful.


You're welcome.

Originally Posted by The Real Hawkeye
Market reality, however, will ultimately not be cheated. You can't continue to double and triple the fiat currency supply without the long-term price of real commodities rising, particularly a commodity like gold.


If by long term you mean more than 10 years the economy will adjust without too much disruption. Consider the inflation of the 70's and early 80's as an example.

#7834541 - 06/20/13 Re: Are We About to See a Global Gold Selling Spree? [Re: MacLorry]  
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Most likely just the rebound from the overpurchasing that drove up the value to its highs.

#7834579 - 06/20/13 Re: Are We About to See a Global Gold Selling Spree? [Re: JBGQUICK]  
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isaac Offline
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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




#7834689 - 06/20/13 Re: Are We About to See a Global Gold Selling Spree? [Re: MacLorry]  
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Bristoe Offline
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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.


The consolidation of the states into one vast republic, sure to be aggressive abroad and despotic at home, will be the certain precursor of that ruin which has overwhelmed all those that have preceded it.

-Robert E. Lee
#7836041 - 06/21/13 Re: Are We About to See a Global Gold Selling Spree? [Re: MacLorry]  
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Penguin Offline
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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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