HOLY SHIT!!! GOLD DOWN 10% TODAY!!!

Its fake deflation in your eyes because you dont understand the structure of debt.
Learn about the structure of debt before you make uneducated comments that make you look silly.
There can be no deflation in a leveraged, stacked and CDS infested economy. This is an illusion to steer people into dollars and out of physical holdings.

Deflation is a good thing if you're rooting for systemic collapse...but in a Keynesian system, a system built on perpetual inflation, deflation is true DOOM...

We use to say in the bond business--when markets were tanking--Your first loss is your best loss.

I don't have a clue where this market goes but do worry about 401(k) confiscation.

1384...

oops:
[link to www.marketwatch.com]

I don't know what you mean by that Keyword: Customer, But I just found a seller around a hundred miles from selling at $3.50 over spot. It's a long drive but I'm heading out. Catch ya later. Time to buy. Bye...

Gosh! 1388,75

It means 118,05 or 7,83% in ONE DAY! This is way too much. Look at the tall buildings, soon you'll see gold investors jumping to their death...

Nope...you buy when it trades sideways for a few weeks at new lows , that's when you buy. Buying now or tomorrow is like trying to catch a falling knife!

This situation is fukked!

$1200 is the next stop for gold. After that its $1000.

same will happen with stocks but it will be more like 20 - 40% SOON.

[link to global3.memecdn.com]

We're on the verge of another waterfall decline in gold at this very moment. Any second now.

1377

I can't get into kitco now! Swamped I guess.

1373

Wow, it's going fast now.

You might consider who is educated is and who is not. One of us studied econ in college and has 20 years trading experience.

One of us does not.

Now, try to keep up. I will simplify this as much as I can:

Say gold buyers pour 5 trillion [US dollars] into the purchase of gold at an average price of 1700. 2 trillion US dollars are now tied up in gold.

With me?

Now, the people who own and control the Gold market (look it up) shock the price back down so it goes to $850.

2.5 trillion US dollars have just been ERASED from circulation.

This is one of the few way to remove fiat currency from the supply in this age of revolving debt, which you mention.

But, it DOES work. It is working right now as you read this. Next, they will do it with the stock market, because there is LOT more fiat to remove from the supply.

Fascinating.

Why? I am getting ready to head out to buy some silver rounds.

1368 and looking bad...how low will it go?

er 5 trillion. no coffee yet :P

1360....?

1366 ouch

There is o reason for this mass sell off other than the banksters getting their small dicks hard

Be patient, prices will drop even further.

makes sense. appears to be the case.

There should be a quick bounce at $1360 and then its going down again.

got some indider infos?

You need to hold out. Im watching the channel that gold is bouncing around in while it follows downward.

Right now it's dropping at around 15$/20$ every 10 minutes.