Gold Is Cratering!!! GOLD 1'282!!! -3,17%

"They" need it to go as down as possible. When the dust comes down it will go up and up, and "they" will make a real fortune on paper gold.

das juz paper gold.

Business Insider ‏@businessinsider 1 min
MISS: US PMI Is Unchanged At 52.8 (Exp 53.1) [link to read.bi]

1,292.00 -35.00 (-2.64%)

[link to www.investing.com]

If it goes under 1239.15, it will be the lower price in 3 years.

Tptb will regret crashing gold instead of the stock market

DJIA F /quotes/zigman/13101801 15,065.00 +17 0.11%
S&P F /quotes/zigman/20258900 1,677.25 +3 0.18%

Dow /quotes/zigman/627449 15,139 +11 0.07%
Nasdaq /quotes/zigman/12633936 3,785 +14 0.36%
S&P 500 /quotes/zigman/3870025 1,687 +5 0.32%

I'm in DC area...They're already talking on local TV about how it will affect markets mid-Oct and even moreso if gov't is still shutdown. This tells me they anticipate gov't will be shutdown until mid month!

I met a fed reserve employee who indicated in conversation that things are extremely fragile and unstable...

I'm so mad... This is really hitting the worker-bees so to speak... NOT TPTB. Totally unfair. They are the ones who are supposed to service the citizens of this country. The citizens are being punished for the incompetance of these idiots in power.

It wouldn't surprise me if there was a revolution in a couple of weeks if these idiots keep hurting the citizens further. Honestly, things are so tense here.

just change the channel. this show sux

Dow /quotes/zigman/627449 15,120 -11 0.07%
Nasdaq /quotes/zigman/12633936 3,781 +10 0.25%
S&P 500 /quotes/zigman/3870025 1,684 +2 0.15%
GlobalDow /quotes/zigman/629063 2,316 +5 0.21%

Business Insider ‏@businessinsider 54 s
BEAT: ISM MANUFACTURING INDEX UNEXPECTEDLY CLIMBS TO 56.2 (Est. 55.0) [link to read.bi]

Business Insider ‏@businessinsider 1 min
GM AUTO SALES PLUNGE 11% (Est. -4.2%) [link to read.bi]

You DC SCUM are the problem sucking off the teat of us poor bastards who actually HAVE TO FUCKING WORK to make a living and SUPPORTING YOU assholes. I hope you starve to death, you P.O.S.!

COMEX is out of gold and silver.

There's literally nothing left to buy.

1,286.70 -40.30 (-3.04%) and still going down... silver is a little bit worst, silvertards we riiiiiiiiide

You men about the time the trucker's drive through D.C. on October 11th?

Russian Market ‏@russian_market 33 min
Gold bleeding: 43 bucks lost so far today.

Don't look at Silver.

Its because there are no regulators working today, not that they did anything anyway..its free manipulation day!

Gregor Peter ‏@L0gg0l 1 min
Could the U.S mull selling gold reserves in order to avoid default?

Gregor Peter ‏@L0gg0l 2 min
Could the U.S do it? Sell gold reservers in debt / budget crisis like doing SPR release in oil crisis

SIMPLE:

Recession, or rather a slow down in growth, is starting to hit China and India HARD. Those two places have been the BIG BUYERS of physical gold (and more is being mined each day so there IS a constant NEW supply hitting the market).

Supply /Demand 101.

Sometimes, but not often, even in the face of increased supply Gold (and Silver) goes UP in value, but that is when inflation is nipping at everybody's heels OR when a major WAR type of crisis appears on the horizon

(when it is a "FINANCIAL" crisis Gold /Silver virtually ALWAYS GO DOWN - driven by the FORCED SELLING by holders who have to sell so as to raise cash to meet margin or loan calls on their other investments)

At the moment:

* LESS Demand from China and India
* The specter of DEflation NOT INflation hangs over the financial markets (note both the M1 vs M2/M3 numbers in the US, the recent Fed Comments when they didn't begin to tighten on their QE, AND the sudden fall off in auto sales)

Finally: the threat of Immediate War in the Middle East has also declined considerably compared to just a few weeks ago ... which adds stability to the system and the more stable things are in the overall scheme of things the less people feel the need for "insurance" in the form of precious metals.

I would only be shocked in Gold was Rising.

Gold Falling is EXACTLY what it should be doing at the moment if you look at the underlying supply /demand considerations.