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GOLD SINKS BELOW $1500!!! Prices hit $1,482 ; silver drops 5.3% !!! The Bear Market In Gold Has Officially Begun!!!

 
Luisport

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04/12/2013 11:32 AM

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GOLD SINKS BELOW $1500!!! Prices hit $1,482 ; silver drops 5.3% !!! The Bear Market In Gold Has Officially Begun!!!
Business Insider‏@businessinsider28 m
GOLD SINKS BELOW $1500 [link to read.bi]

Last Edited by Luisport on 04/12/2013 03:41 PM
Luisport (OP)

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Re: GOLD SINKS BELOW $1500!!! Prices hit $1,482 ; silver drops 5.3% !!! The Bear Market In Gold Has Officially Begun!!!
Business Insider‏@businessinsider48 s
The Gold Collapse Is Great News [link to read.bi]
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04/12/2013 11:33 AM

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Re: GOLD SINKS BELOW $1500!!! Prices hit $1,482 ; silver drops 5.3% !!! The Bear Market In Gold Has Officially Begun!!!
Russian Market‏@russian_market33 min
This is why Gold is crashing today below 1500: French Inflation Falls To 39-Month Low; Spanish Inflation Eases in March; CPI Down to 2.4%
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Re: GOLD SINKS BELOW $1500!!! Prices hit $1,482 ; silver drops 5.3% !!! The Bear Market In Gold Has Officially Begun!!!
Gold sinks over $60 to lowest since July 2011
Prices hit by technical selling; silver drops 5.3% SAN FRANCISCO (MarketWatch) — Gold futures sank Friday, poised to settle at their lowest level since July 2011, as recent cuts to price forecasts continued to hurt sentiment, prompting investors to lose confidence in gold as a safe-haven investment.

Gold for June delivery /quotes/zigman/647778 GCM3 -4.01% extended losses after downbeat U.S. retail-sales data, dropping $67.30, or 4.3%, to $1,497.60 an ounce on the Comex division of the New York Mercantile Exchange, on track for a weekly fall of nearly 5%.

“It’s pure panic bedlam on enormous volume,” said Gene Arensberg, editor of the Got Gold Report.

Based on most-active contracts, prices haven’t settled at a level this low since July of 2011.

Gold also fell along with other commodities as the dollar rose on a weak batch of U.S. data and as the psychological impact of potential selling of the precious metal from Cyprus continued to take a toll.

Gold these days “does not seem to respond adequately to the current financial and geopolitical situation,” said Frederic Panizzutti, senior vice president at MKS Group. “The rumors yesterday about Cyprus possibly selling some gold from its Central Bank reserves had a psychological impact resulting in some selling despite the fact that the amount of gold being mentioned could easily be absorbed by the market.”
[link to www.marketwatch.com]

Last Edited by Luisport on 04/12/2013 11:37 AM
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Re: GOLD SINKS BELOW $1500!!! Prices hit $1,482 ; silver drops 5.3% !!! The Bear Market In Gold Has Officially Begun!!!
zerohedge‏@zerohedge19 min
Japanese Bonds vs Gold: Is This Why Commodities Are Selling Off? [link to www.zerohedge.com] …
Luisport (OP)

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04/12/2013 11:44 AM

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Re: GOLD SINKS BELOW $1500!!! Prices hit $1,482 ; silver drops 5.3% !!! The Bear Market In Gold Has Officially Begun!!!
Gold has taken three sharp declines this morning: once around 5 AM ET, again around 8:15, and then again around 10:30.

Despite weaker than expected retail sales figures and plummeting consumer confidence in the United States, it's down 4.5%, trading near $1494 per ounce. (Silver is also getting slammed – it's fallen 5.4 percent this morning.)

The shiny yellow metal hasn't traded below $1500 since July 2011.

Meanwhile, oil is getting whacked for the second straight day. It's off 3 percent.


Read more: [link to www.businessinsider.com]
Anonymous Coward
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04/12/2013 11:46 AM
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Re: GOLD SINKS BELOW $1500!!! Prices hit $1,482 ; silver drops 5.3% !!! The Bear Market In Gold Has Officially Begun!!!
bdance1rof1 *5 stars
Luisport (OP)

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04/12/2013 11:53 AM

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Re: GOLD SINKS BELOW $1500!!! Prices hit $1,482 ; silver drops 5.3% !!! The Bear Market In Gold Has Officially Begun!!!
Interfax News (IFAX)‏@IFAXnews5 min
Russian equities hit 5-mth low, Sberbank leads market down [link to DON'T_USE-THIS] #EnergyNews #Russia #interfax #news
Luisport (OP)

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04/12/2013 11:55 AM

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Re: GOLD SINKS BELOW $1500!!! Prices hit $1,482 ; silver drops 5.3% !!! The Bear Market In Gold Has Officially Begun!!!
zerohedge‏@zerohedge2 min
Mario Draghi Orders Cyprus To Sell Gold To Cover Bailout "Shortfall" [link to www.zerohedge.com] …
Luisport (OP)

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04/12/2013 12:12 PM

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Re: GOLD SINKS BELOW $1500!!! Prices hit $1,482 ; silver drops 5.3% !!! The Bear Market In Gold Has Officially Begun!!!
zerohedge‏@zerohedge2 min
DEMETRIADES SAYS GOVT WANTS TO SELL GOLD WITHOUT CONSULTATION. Independent...Independent...Independent...
Anonymous Coward
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04/12/2013 12:17 PM
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Re: GOLD SINKS BELOW $1500!!! Prices hit $1,482 ; silver drops 5.3% !!! The Bear Market In Gold Has Officially Begun!!!
Gold will continue to lose value because of four simple words; You cannot eat gold.

Even the rich are coming to that realization. You can have a room full of gold and silver but the man with a room full of food will live longer...and end up with all your gold in the long run.

When you are rich you never experience hunger or feel the hurt of watching your kids go hungry. It is difficult to understand the basic need for food. Money has always solved all your problems.

When it clicks in the brain that someday people will not jump to serve you because you have gold...and the food or water is just not under your fingertips...you will give up the gold to buy food.

I would not wait too long. It is later than you think. It does not matter why you store food. It can be fear of war, sunspots, EMPs, Bird flu, space invasion, drought, or civil war.
The government is not preparing underground bunkers without a good reason. They are smarter than we are and richer as well...follow our leaders.
CripplingLies

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04/12/2013 12:21 PM
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Re: GOLD SINKS BELOW $1500!!! Prices hit $1,482 ; silver drops 5.3% !!! The Bear Market In Gold Has Officially Begun!!!
Hey silvertards! Silver right this moment 26.400 as low as it was in sep/2010

E olá Luis!
Luisport (OP)

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04/12/2013 12:21 PM

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Re: GOLD SINKS BELOW $1500!!! Prices hit $1,482 ; silver drops 5.3% !!! The Bear Market In Gold Has Officially Begun!!!
Hey silvertards! Silver right this moment 26.400 as low as it was in sep/2010

E olá Luis!
 Quoting: CripplingLies


hf Olá amigo!
goldielucks

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04/12/2013 12:26 PM

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Re: GOLD SINKS BELOW $1500!!! Prices hit $1,482 ; silver drops 5.3% !!! The Bear Market In Gold Has Officially Begun!!!
Comex Gold Inventories Collapse By Largest Amount Ever On Record
"JP Morgan Chase’s reported gold stockpile dropped by over 1.2 million oz.’s, or rather, a staggering $1.8 billion dollars worth of physical gold was removed from it’s vaults during the last 120 days...."
[link to bullmarketthinking.com]

The Fed's Manipulation of the Bullion Market
The Assault on Gold "The evidence for this conclusion is the concerted effort by the Federal Reserve and its dependent financial institutions to scare people away from gold and silver by driving down their prices." [link to www.counterpunch.org]

Petrodollar warfare, BRICS and the criminal federal reserve kicking their collapsed aluminum can of paper a little further at the expense of metals.
"Democracy is nothing more than mob rule, where 51% of the people may take away the rights of the other 49%." ~ Thomas Jefferson

Mrs. Powel of Philadelphia asked Benjamin Franklin, “Well, Doctor, what have we got—a Republic or a Monarchy?”
With no hesitation, Franklin replied, “A republic, if you can keep it.”
insertfunnyusername

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04/12/2013 12:26 PM

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Re: GOLD SINKS BELOW $1500!!! Prices hit $1,482 ; silver drops 5.3% !!! The Bear Market In Gold Has Officially Begun!!!
5a
Luisport (OP)

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04/12/2013 12:27 PM

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Re: GOLD SINKS BELOW $1500!!! Prices hit $1,482 ; silver drops 5.3% !!! The Bear Market In Gold Has Officially Begun!!!
zerohedge‏@zerohedge3 min
US Economic Data Plunges Most In 10 Months To 4-Month Lows [link to www.zerohedge.com] …
Philligan
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04/12/2013 12:28 PM

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Re: GOLD SINKS BELOW $1500!!! Prices hit $1,482 ; silver drops 5.3% !!! The Bear Market In Gold Has Officially Begun!!!
Just hoping it stays this low until Tuesday so I can pick an ounce up under $1500!!

Can't get to my local broker until Tuesday
everything in its right place
CripplingLies

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04/12/2013 12:30 PM
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Re: GOLD SINKS BELOW $1500!!! Prices hit $1,482 ; silver drops 5.3% !!! The Bear Market In Gold Has Officially Begun!!!
Just to quote, crude oil also droped considerably. This is the reason:
[link to www.investing.com]

And gold, drope because of this:
[link to www.investing.com]
Anonymous Coward
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04/12/2013 12:32 PM
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Re: GOLD SINKS BELOW $1500!!! Prices hit $1,482 ; silver drops 5.3% !!! The Bear Market In Gold Has Officially Begun!!!
(Now is the time to buy! Take advantage of the drop in price! This is an opportunity!) That is the standard line to help push the prices up.. When gold tanks this hard it makes me want to strap on my seat-belt.
Anonymous Coward
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04/12/2013 12:34 PM
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Re: GOLD SINKS BELOW $1500!!! Prices hit $1,482 ; silver drops 5.3% !!! The Bear Market In Gold Has Officially Begun!!!
Gold will continue to lose value because of four simple words; You cannot eat gold.

Even the rich are coming to that realization. You can have a room full of gold and silver but the man with a room full of food will live longer...and end up with all your gold in the long run.

When you are rich you never experience hunger or feel the hurt of watching your kids go hungry. It is difficult to understand the basic need for food. Money has always solved all your problems.

When it clicks in the brain that someday people will not jump to serve you because you have gold...and the food or water is just not under your fingertips...you will give up the gold to buy food.

I would not wait too long. It is later than you think. It does not matter why you store food. It can be fear of war, sunspots, EMPs, Bird flu, space invasion, drought, or civil war.
The government is not preparing underground bunkers without a good reason. They are smarter than we are and richer as well...follow our leaders.
 Quoting: waitn4end


you're dumb

so why are central banks throughout the world gobbling up gold big fella?
Luisport (OP)

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04/12/2013 12:34 PM

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Re: GOLD SINKS BELOW $1500!!! Prices hit $1,482 ; silver drops 5.3% !!! The Bear Market In Gold Has Officially Begun!!!
zerohedge‏@zerohedge1 min
As a reminder, Q4 saw the first sequential change in US shadow bank liabilities after 18 quarters of declines [link to www.zerohedge.com] …
Anonymous Coward
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04/12/2013 12:34 PM
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Re: GOLD SINKS BELOW $1500!!! Prices hit $1,482 ; silver drops 5.3% !!! The Bear Market In Gold Has Officially Begun!!!
They're just trying to convince all the tards to sell so they can buy it up at a lower price before the currency collapse.
Anonymous Coward
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04/12/2013 12:35 PM
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Re: GOLD SINKS BELOW $1500!!! Prices hit $1,482 ; silver drops 5.3% !!! The Bear Market In Gold Has Officially Begun!!!
5a5a5a5a5as226
Anonymous Coward
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04/12/2013 12:35 PM
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Re: GOLD SINKS BELOW $1500!!! Prices hit $1,482 ; silver drops 5.3% !!! The Bear Market In Gold Has Officially Begun!!!
Hey guys, I just like making fun of GOLD TARDS ... peacebanana2afrohfbump
GFX guy

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04/12/2013 12:36 PM
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Re: GOLD SINKS BELOW $1500!!! Prices hit $1,482 ; silver drops 5.3% !!! The Bear Market In Gold Has Officially Begun!!!
Is this front running the Cyprus sale of gold recently announced?
...Kinda like "Brown's bottom".
ZEROeffect

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04/12/2013 12:37 PM

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Re: GOLD SINKS BELOW $1500!!! Prices hit $1,482 ; silver drops 5.3% !!! The Bear Market In Gold Has Officially Begun!!!
Keep buying the lows people!

I wish for the $4.00 an oz again in silver!

One day it'll be back there.....and one day it'll be back at $40.00 again. You just need to be patient and watch while buying the lows.

Whole countries want their gold and silver back in physical. That tells you whats up right there.

With silver....there will always be a market for it.

Hyperinflation is going to happen....just a matter of waiting patiently until it does. Silver will go up with inflation guaranteed! Same as gold. So when the big crash happens....that's when you wait it out for a bit and sell as soon as you hear REAL plans for a recovery. Once the recovery is under way...silver and gold will drop in price back to a value people will pay for it for it's uses. Once that happens you start buying again and wait it out for the next crash.....could take a hundred years....but at least your cash value stays level and you make a few bucks along the way.
Just Youtube search "Obama Lies, (Enter name here)LIES to get a good handle on everyone. Don't trust liars for they are only there to deceive.
Anonymous Coward
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04/12/2013 12:39 PM
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Re: GOLD SINKS BELOW $1500!!! Prices hit $1,482 ; silver drops 5.3% !!! The Bear Market In Gold Has Officially Begun!!!
Keep buying the lows people!

I wish for the $4.00 an oz again in silver!

One day it'll be back there.....and one day it'll be back at $40.00 again. You just need to be patient and watch while buying the lows.

Whole countries want their gold and silver back in physical. That tells you whats up right there.

With silver....there will always be a market for it.

Hyperinflation is going to happen....just a matter of waiting patiently until it does. Silver will go up with inflation guaranteed! Same as gold. So when the big crash happens....that's when you wait it out for a bit and sell as soon as you hear REAL plans for a recovery. Once the recovery is under way...silver and gold will drop in price back to a value people will pay for it for it's uses. Once that happens you start buying again and wait it out for the next crash.....could take a hundred years....but at least your cash value stays level and you make a few bucks along the way.
 Quoting: ZEROeffect


The point of any market is to buy low and sell high afro

not just buy and buy and buy and never sell etc... tomato

yoda

5a

I shall leave now ... hiding peace
Luisport (OP)

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04/12/2013 12:41 PM

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Re: GOLD SINKS BELOW $1500!!! Prices hit $1,482 ; silver drops 5.3% !!! The Bear Market In Gold Has Officially Begun!!!
zerohedge‏@zerohedge2 h
And another miss: Business Inventories 0.1%, Exp.0.4%. Downward GDP revisions galore
Luisport (OP)

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04/12/2013 12:42 PM

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Re: GOLD SINKS BELOW $1500!!! Prices hit $1,482 ; silver drops 5.3% !!! The Bear Market In Gold Has Officially Begun!!!
zerohedge‏@zerohedge2 h
Consumer Confidence plummeted due to an early Easter.


zerohedge‏@zerohedge2 h
Consumer Confidence Plummets To Nine Month Low, Biggest Miss To Consensus On Record [link to www.zerohedge.com] …
Luisport (OP)

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Re: GOLD SINKS BELOW $1500!!! Prices hit $1,482 ; silver drops 5.3% !!! The Bear Market In Gold Has Officially Begun!!!
Business Insider‏@businessinsider28 min
CHART OF THE DAY: The Bear Market In Gold Has Officially Begun [link to read.bi]
Anonymous Coward
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04/12/2013 12:46 PM
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Re: GOLD SINKS BELOW $1500!!! Prices hit $1,482 ; silver drops 5.3% !!! The Bear Market In Gold Has Officially Begun!!!
Comex Gold Inventories Collapse By Largest Amount Ever On Record
"JP Morgan Chase’s reported gold stockpile dropped by over 1.2 million oz.’s, or rather, a staggering $1.8 billion dollars worth of physical gold was removed from it’s vaults during the last 120 days...."
[link to bullmarketthinking.com]

The Fed's Manipulation of the Bullion Market
The Assault on Gold "The evidence for this conclusion is the concerted effort by the Federal Reserve and its dependent financial institutions to scare people away from gold and silver by driving down their prices." [link to www.counterpunch.org]

Petrodollar warfare, BRICS and the criminal federal reserve kicking their collapsed aluminum can of paper a little further at the expense of metals.
 Quoting: goldielucks


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