Godlike Productions - Conspiracy Forum
Users Online Now: 1,982 (Who's On?)Visitors Today: 124,181
Pageviews Today: 165,720Threads Today: 38Posts Today: 755
01:07 AM


Rate this Thread

Absolute BS Crap Reasonable Nice Amazing
 

The Nightmare Continues — Gold Plunges Below $1700

 
Luisport

User ID: 29774990
Portugal
12/13/2012 05:45 AM

Report Abusive Post
Report Copyright Violation
The Nightmare Continues — Gold Plunges Below $1700
The Nightmare Continues — Gold Plunges Below $1700

Today was a very disturbing day for gold bugs.

And tonight it's turning into a nightmare.

It used to be that when the Fed did a new easing move, buying gold was the reliable move.

And today the Fed took two new steps: It announced new QE, and a new "Evans Rule" which said that the Fed would wait until -- at a minimum -- unemployment fell to 6.5% or inflation hit 2.5%.

After the Fed initially made its announcement, gold spiked.

But the effect is fading. It only took a couple of hours until the spike ended, and tonight gold is tanking some more in early Asian trading.


Read more: [link to www.businessinsider.com]
Luisport (OP)

User ID: 29774990
Portugal
12/13/2012 05:48 AM

Report Abusive Post
Report Copyright Violation
Re: The Nightmare Continues — Gold Plunges Below $1700
HONG KONG (MarketWatch) — Prices of gold and silver took a tumble in electronic trading Thursday, as gains in the wake of the Federal Reserve’s expanded monetary stimulus gave
After dropping more than $20 to a low of $1,695.50 an ounce at one point, February gold futures /quotes/zigman/4331913 GCG3 -1.28% recovered slightly to $1,701, though still down $16.90, or 1% from Wednesday’s settlement price.

Spot gold prices were at $1,699, down $12.60, or 0.7%.

Gold prices had risen $8.30 in a regular session on the Comex division of the New York Mercantile Exchange overnight after the Federal Reserve announced a new bond-buying program. The Fed also said it would keep interest rates at extremely low levels until the unemployment rate falls to 6.5%, unless inflation accelerates before then. Read MarketWatch First Take on the Fed’s announcements.


James Steel, an analyst at HSBC Securities, said the research house had noticed a pickup in macro hedge-fund buying after the Fed announcement, but that was partially offset by sales from investors, such as pension funds, endowments and insurance companies.
... [link to www.marketwatch.com]
#Geomagnetic_Storm#
"Amateur Meteorologist"

User ID: 1426914
United States
12/13/2012 05:50 AM

Report Abusive Post
Report Copyright Violation
Re: The Nightmare Continues — Gold Plunges Below $1700
bump
Face Palmer
Yo mamma pulls catapults to gondor

User ID: 29773066
Germany
12/13/2012 05:52 AM

Report Abusive Post
Report Copyright Violation
Re: The Nightmare Continues — Gold Plunges Below $1700
Back at 1700 later today.
"The world will soon wake up to the reality that everyone is broke and can collect nothing from the bankrupt, who are owed unlimited amounts by the insolvent, who are attempting to make late payments on a bank holiday in the wrong country, with an unacceptable currency, against defaulted collateral, of which nobody is sure who holds title."

Never attribute to malice that which is adequately explained by stupidity.
Luisport (OP)

User ID: 29774990
Portugal
12/13/2012 05:53 AM

Report Abusive Post
Report Copyright Violation
Re: The Nightmare Continues — Gold Plunges Below $1700
Back at 1700 later today.
 Quoting: Face Palmer


5abanana25a
Luisport (OP)

User ID: 29774990
Portugal
12/13/2012 05:55 AM

Report Abusive Post
Report Copyright Violation
Re: The Nightmare Continues — Gold Plunges Below $1700
Gold /quotes/zigman/4331913 1,696 -22 1.27%
Luisport (OP)

User ID: 29774990
Portugal
12/13/2012 07:16 AM

Report Abusive Post
Report Copyright Violation
Re: The Nightmare Continues — Gold Plunges Below $1700
Gold /quotes/zigman/4331913 1,695 -23 1.33%

News