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GOLD and Silver moving in chunks now - $2000 an $50 by year end , be worried

 
What if ?
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User ID: 16800778
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09/07/2012 10:41 AM
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GOLD and Silver moving in chunks now - $2000 an $50 by year end , be worried
Im just amazed how come we are not in a Zimbabwe situation with hyperinflation
They say cream rises to the top
Sometimes shit floats to the top as well
Anonymous Coward
User ID: 23340708
United Kingdom
09/07/2012 10:43 AM
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Re: GOLD and Silver moving in chunks now - $2000 an $50 by year end , be worried
WE RIDE!

seal
Anonymous Coward
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09/07/2012 10:44 AM
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Re: GOLD and Silver moving in chunks now - $2000 an $50 by year end , be worried
my coworker asked me why you tell people to buy metals? you know if everyone buy it. it will mess up the world. why do you do that????
John Nash

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09/07/2012 10:44 AM

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Re: GOLD and Silver moving in chunks now - $2000 an $50 by year end , be worried
Im just amazed how come we are not in a Zimbabwe situation with hyperinflation
 Quoting: What if ?


Who said we weren't?
"It is no measure of mental health to be well adjusted to a profoundly sick society."
“It is not reasonable to assume that manipulation of the immune system through an increasing number of vaccinations during critical periods of brain development will not result in adverse neurodevelopmental outcomes.”
'Austerity' is the term and policy used to impose collective punishment on the many for the outrageous banking crimes of a few.
Anonymous Coward
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09/07/2012 10:45 AM
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Re: GOLD and Silver moving in chunks now - $2000 an $50 by year end , be worried
my coworker asked me why you tell people to buy metals? you know if everyone buy it. it will mess up the world. why do you do that????
 Quoting: Anonymous Coward 22307626


As with every investment, about 99% of the sheeple are totally clueless, and will never buy in.

This includes your pension fund(s), and mutual fund(s).

I'm not worried.

I'm all-in on physical silver, and the mining shares.
Anonymous Coward
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09/07/2012 10:57 AM
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Re: GOLD and Silver moving in chunks now - $2000 an $50 by year end , be worried
Don't worry. When it reverses it will drop just as fast.
hcc
CatRWall

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09/07/2012 10:59 AM
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Re: GOLD and Silver moving in chunks now - $2000 an $50 by year end , be worried
my coworker asked me why you tell people to buy metals? you know if everyone buy it. it will mess up the world. why do you do that????
 Quoting: Anonymous Coward 22307626


As with every investment, about 99% of the sheeple are totally clueless, and will never buy in.

This includes your pension fund(s), and mutual fund(s).

I'm not worried.

I'm all-in on physical silver, and the mining shares.
 Quoting: Anonymous Coward 23340708


My gold-miner ETF has gone nothing but DOWN ever since I bought it. It's so far down it will never climb out. What a loser.

ON THE OTHER HAND, my gold double-X bull shares are doing nicely the last couple of days.

It's all funny money given it rises and falls on every facial twitch of Ben Bernanke. But as they always say, don't put any money into the stock market that you cannot afford to lose.

I've got some under the virtual mattress too.banana2
Anonymous Coward
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09/07/2012 11:51 AM
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Re: GOLD and Silver moving in chunks now - $2000 an $50 by year end , be worried
At some point soon gold will be viewed as over priced. That is just too much for a one ounce coin. Also silver brings TWICE the return. Investors will turn negative on gold.
Anonymous Coward
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09/07/2012 12:24 PM
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Re: GOLD and Silver moving in chunks now - $2000 an $50 by year end , be worried
At some point soon gold will be viewed as over priced. That is just too much for a one ounce coin. Also silver brings TWICE the return. Investors will turn negative on gold.
 Quoting: Anonymous Coward 23348464


been hearing the $2000.00 and oz for 5 yrs now. in the last yr its dropped 10%. last sept it was at $1925.00 oz and look where we are now. not good
Anonymous Coward
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09/08/2012 12:28 PM
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Re: GOLD and Silver moving in chunks now - $2000 an $50 by year end , be worried
The two things you rely on are food and oil, both that are not included in the inflation index.
Anonymous Coward
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09/08/2012 12:32 PM
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Re: GOLD and Silver moving in chunks now - $2000 an $50 by year end , be worried
BULLSH1T!!!

NO GOING TO HAPPEN.

There is NO WAY that gold and silver will be that low by the end of the year.

It will be way, way higher.

$3000 and $100 easily by 31st December.
Anonymous Coward
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09/08/2012 12:44 PM
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Re: GOLD and Silver moving in chunks now - $2000 an $50 by year end , be worried
Im just amazed how come we are not in a Zimbabwe situation with hyperinflation
 Quoting: What if ?


Who said we weren't?
 Quoting: John Nash


Im just amazed how come we are not in a Zimbabwe situation with hyperinflation
 Quoting: What if ?


Who said we weren't?
 Quoting: John Nash


No shit 5 dollar cups of coffee at Starbucks. 4 dollar a gallon gas....cloths that cost pennies to make cost tons of money.
Anonymous Coward
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09/08/2012 12:57 PM
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Re: GOLD and Silver moving in chunks now - $2000 an $50 by year end , be worried
At some point soon gold will be viewed as over priced. That is just too much for a one ounce coin. Also silver brings TWICE the return. Investors will turn negative on gold.
 Quoting: Anonymous Coward 23348464


been hearing the $2000.00 and oz for 5 yrs now. in the last yr its dropped 10%. last sept it was at $1925.00 oz and look where we are now. not good
 Quoting: Anonymous Coward 20407495


If you bothered to do even 15 minutes of research (instead of watching dance crew) you would know that the market prices Gold and Silver in printed paper derivatives and not the not it's physical form. This will change when enough people ask for their metal because they become aware of the illusion of printed prices that is controlling the game. !
Anonymous Coward
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09/08/2012 12:58 PM
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Re: GOLD and Silver moving in chunks now - $2000 an $50 by year end , be worried
Here is a 5 year weekly GLD chart.


On the chart are three years of steady up movement up to 1900.

Then you had about one year of correction which is now over.


The correction period can be seen on the chart as a FLAG OR PENNANT continuation pattern.


It broke out higher from this FLAG/PENNANT a few weeks ago.


You will be in a steady extended up trend from here to much higher prices........if the exchanges remain open.


[link to bigcharts.marketwatch.com]

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