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WHY IS GOLD CRASHING?

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BluzGal Subscriber
User ID: 145040
10/10/2008 1:50 PM

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WHY IS GOLD CRASHING?
Quote

Why is gold crashing so hard right now? Who is selling? Countries? Central banks? Or is it just that the dollar is rising so high against other currencies?

Confused in Denver,
BluzGal
Anonymous Coward
User ID: 489464
10/10/2008 1:51 PM
Re: WHY IS GOLD CRASHING?Quote

It's not.
BluzGal Subscriber
User ID: 145040
10/10/2008 1:51 PM
Re: WHY IS GOLD CRASHING?Quote

I mean paper gold there, like the GLD SPDR fund.
Mr. Predictor SubscriberModerator
Forum Moderator
User ID: 287257
10/10/2008 1:52 PM
Re: WHY IS GOLD CRASHING?Quote

gold funds are not a doom hedge
The path of the righteous man is beset on all sides by the iniquities of the selfish and the tyranny of evil men. Blessed is he, who in the name of charity and good will, shepherds the weak through the valley of darkness, for he is truly his brother's keeper and the finder of lost children. And I will strike down upon thee with great vengeance and furious anger those who would attempt to poison and destroy my brothers. And you will know my name is MOD when I lay my vengeance upon thee.
aznwarlord
User ID: 522584
10/10/2008 1:52 PM
Re: WHY IS GOLD CRASHING?Quote

some blame it on deflation... others on banks short selling it

i dont really know

its so doomy right now.. im just confused.
Unfortunately, no one can be told what The Matrix is. You have to see it for yourself.
Paradigm Subscriber
Just a guy
User ID: 515324
10/10/2008 1:55 PM
Re: WHY IS GOLD CRASHING?Quote

I think its central banks. The markts have crashed like 26% in a little over a week. Traders arent stupid and everyone knows gold is a safe haven. Asia knew it last night and drove it up to $930. Its the same old tired story, if gold is going down somthing better must be hapening to the economy. But even though the have huge amounts to play with the traders wont be fooled, nor most other ppl by now.
Swimming in a sea of fractals
Anonymous Coward
User ID: 518671
10/10/2008 1:56 PM
Re: WHY IS GOLD CRASHING?Quote

Yeah, weird. What's up with GLD.

My understanding is investors are dumping gold to raise cash. I'd think gold would be a safe haven. WTF?
Anonymous Coward
User ID: 519598
10/10/2008 1:56 PM
Re: WHY IS GOLD CRASHING?Quote

manipulation.Thats why I dumped at 950
Anonymous Coward
User ID: 518671
10/10/2008 1:57 PM
Re: WHY IS GOLD CRASHING?Quote

Gold down $85!
Jenn++
User ID: 144626
10/10/2008 1:57 PM
Re: WHY IS GOLD CRASHING?Quote

Silver is now single digits. What a perfect time to stock up. The precious metals are taking a hit because the hedge funds are selling off all their precious metals to meet their margin calls.


BUY SILVER NOW, single digit silver is a great buying opportunity.
Anonymous Coward
User ID: 132975
10/10/2008 1:58 PM
Re: WHY IS GOLD CRASHING?Quote

Anyone who wants to know the Real Story about precious metals needs to subscribe to:

[link to www.lemetropolecafe.com]

I've been an on/off subscriber for years, and a GATA supporter.

Bill Murphy and his colleagues know WTF is really going on.
Anonymous Coward
User ID: 489464
10/10/2008 1:58 PM
Re: WHY IS GOLD CRASHING?Quote

I mean paper gold there, like the GLD SPDR fund.
 Quoting: BluzGal


Because being a fund, it was an artificially inflated "non-commodity" to begin with... just my opinion.. I'm not a trader.
Question - Did GLD SPDR pay dividends? Did GLD SPDR manufacture a product?
Anonymous Coward
User ID: 287857
10/10/2008 1:58 PM
Re: WHY IS GOLD CRASHING?Quote

trying to strip it out of the hands of the haves who should not be having according to the FEW who have the most...


crashing the system-everyone freaks-gold confiscated to protect-cashless society locked in-RFID next
Anonymous Coward
User ID: 522670
10/10/2008 1:59 PM
Re: WHY IS GOLD CRASHING?Quote

They are dumping the gold because They know the next system of monetary exchange... You don't.
Anonymous Coward
User ID: 489464
10/10/2008 1:59 PM
Re: WHY IS GOLD CRASHING?Quote

BUY SILVER NOW, single digit silver is a great buying opportunity.
 Quoting: Jenn++ 144626


Hard to disagree... wish I could carry more.
Jenn++
User ID: 144626
10/10/2008 2:00 PM
Re: WHY IS GOLD CRASHING?Quote

I wonder when the silver shorts are going to buy to cover? I would do it now if I were them.
Anonymous Coward
User ID: 506320
10/10/2008 2:00 PM
Re: WHY IS GOLD CRASHING?Quote

Unreal...silver is crashing too. So much fuckery...
Cobainer
User ID: 447761
10/10/2008 2:01 PM
Re: WHY IS GOLD CRASHING?Quote

Niburians flooded the market with their cheap gold.

either that or Obama's gonna fix the economy
Anonymous Coward
User ID: 522670
10/10/2008 2:02 PM
Re: WHY IS GOLD CRASHING?Quote

They are selling the gold to buy the stocks in companies that will support the next monetary system...

Its all happening before your eyes. Your watching Them play the game.
GOLDMINE BUG
User ID: 521329
10/10/2008 2:02 PM
Re: WHY IS GOLD CRASHING?Quote

They have found that I do really exist.
TRADER.
User ID: 521338
10/10/2008 2:06 PM
Re: WHY IS GOLD CRASHING?Quote

PM's will continue to trend down due to asset deflation everywhere.

$ US DOLLAR OUTLOOK $

[link to www.godlikeproductions.com]
Anonymous Coward
User ID: 519471
10/10/2008 2:08 PM
Re: WHY IS GOLD CRASHING?Quote

Those numbers are irrelevant to actual buyers and sellers, the market number is only there now to influence those thinking of getting out of stocks.
Anonymous Coward
User ID: 243844
10/10/2008 2:17 PM
Re: WHY IS GOLD CRASHING?Quote

I told you weeks ago!

First the Stock Market then Precious Metals!

bump

Jeeez!

bump for the Jews!
Anonymous Coward
User ID: 185055
10/10/2008 2:20 PM
Re: WHY IS GOLD CRASHING?Quote

gold funds are not a doom hedge
 Quoting: Mr. Predictor

lol
Me114 Subscriber
aka ladynada
User ID: 323570
10/10/2008 2:21 PM
Re: WHY IS GOLD CRASHING?Quote

gold bugs have to wait again, lets see this bounce back THROUGH 900 into the close to 920!

SLINGSHOT!
=+=+=+=

The TWO Witnesses are Mom and Dad & they're coming to give YOU a SPANKING
[link to heartdaughter.com]
Official Elijah Blog
[link to heartdaughter.com]
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