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GOLD: It's dropping!!! Why!?

 
»Subtle
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User ID: 432360
United States
06/22/2009 05:41 AM
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GOLD: It's dropping!!! Why!?
[link to www.kitco.com]

Ouch!
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Anonymous Coward
User ID: 708736
United States
06/22/2009 05:44 AM
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Re: GOLD: It's dropping!!! Why!?
It might have something to do with the dollar going back on the gold standard....

Everything printed by the Fed Reserve since Sept 2008 is not backed by gold and only accepted in the United States.
Anonymous Coward
User ID: 564424
United States
06/22/2009 05:47 AM
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Re: GOLD: It's dropping!!! Why!?
It's only yellow metal, and it's not even as rare as they would have you believe.

Why do you put so much value in yellow metal?
Anonymous Coward
User ID: 659776
United States
06/22/2009 05:50 AM
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Re: GOLD: It's dropping!!! Why!?
It's only yellow metal, and it's not even as rare as they would have you believe.

Why do you put so much value in yellow metal?
 Quoting: Anonymous Coward 564424

Yep
TRADER.
User ID: 707045
Australia
06/22/2009 06:07 AM
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Re: GOLD: It's dropping!!! Why!?
I HAVE BEEN WARNING THE GOLD BUGS ABOUT THE BULLISH USD FOR A LONG TIME NOW:

$ US DOLLAR OUTLOOK $
Thread: $ US DOLLAR OUTLOOK $ (Page 6)
Anonymous Coward (OP)
User ID: 432360
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06/22/2009 06:08 AM
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Re: GOLD: It's dropping!!! Why!?
It's going back up and resistance seems to be around $930.

It's been going down slowly for the past few weeks though.
Anonymous Coward
User ID: 708736
United States
06/22/2009 06:17 AM
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Re: GOLD: It's dropping!!! Why!?
It's only yellow metal, and it's not even as rare as they would have you believe.

Why do you put so much value in yellow metal?

Yep
 Quoting: Anonymous Coward 659776


Majestic said 'they' have learned how to make gold. I don't know if that's true though.
Nailer45

User ID: 705916
United States
06/22/2009 06:37 AM
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Re: GOLD: It's dropping!!! Why!?
Because the CHIP is coming soon (cashless economy) and the feds are manipulating the price of gold /silver so it has less value .
Experience hath shewn, that even under the best forms of government those entrusted with power have, in time, and by slow operations, perverted it into tyranny.
Thomas Jefferson
Anonymous Coward
User ID: 708529
France
06/22/2009 06:39 AM
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Re: GOLD: It's dropping!!! Why!?
gold has always go up and down
Anonymous Coward
User ID: 708515
United States
06/22/2009 06:50 AM
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Re: GOLD: It's dropping!!! Why!?
Because the CHIP is coming soon (cashless economy) and the feds are manipulating the price of gold /silver so it has less value .
 Quoting: Nailer45

Bingo
Anonymous Coward (OP)
User ID: 432360
United States
06/22/2009 09:00 AM
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Re: GOLD: It's dropping!!! Why!?
Dropping below $920 now.

How low will it go today? Any guesses?

Check the chart/link
Anonymous Coward (OP)
User ID: 432360
United States
06/22/2009 09:05 AM
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Re: GOLD: It's dropping!!! Why!?
Jun 22 8:49am Change %Change Level
Dow -79.00 -0.93% 8,397.00
NASDAQ -13.00 -0.89% 1,451.00
S&P -9.40 -1.03% 906.30
Anonymous Coward
User ID: 475092
United States
06/22/2009 09:15 AM
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Re: GOLD: It's dropping!!! Why!?
A red flag for me was all the gold pimping on AM radio these past few years?
Why would they want you in on the market gold rush, but take YOUR money!
Anonymous Coward
User ID: 247684
United States
06/22/2009 09:33 AM
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Re: GOLD: It's dropping!!! Why!?
People are beginning to worry about "confiscation".
awdragon
User ID: 690471
United States
06/22/2009 12:11 PM
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Re: GOLD: It's dropping!!! Why!?
paper goes up / paper goes down

if gold was worthless why do the banks hold it?

if gold was worthless why is China buying it?

if gold was worthless why do many want a "Gold Standard"?

The so called market price is a paper price.

Paper is worthless and over sold.

EFTs are over sold = paper price

stocks are paper and after Obama & the Feds they are almost worthless

Goldmansachs and JP MorganChase hold over 70% of the short paper in gold/silver = big profits

if you watch the fight to keep the dollar up, you will see they have to hit value
to the paper trash

anyway golds not down if you bought physical it can only go up when they take out the paper trash.

ask yourself : Why was gold and silver in the Constitution?

without prejudice ucc 1 308
awdragon militia
Anonymous Coward
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06/22/2009 12:15 PM
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Re: GOLD: It's dropping!!! Why!?
Because the CHIP is coming soon (cashless economy) and the feds are manipulating the price of gold /silver so it has less value .
 Quoting: Nailer45

Slavery !!!


militia
Anonymous Coward
User ID: 426194
United States
06/22/2009 12:16 PM
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Re: GOLD: It's dropping!!! Why!?
Because the dollar's on the rise a bit.

Caused gold and oil to drop a bit.
crazy
User ID: 687390
United States
06/22/2009 12:17 PM
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Re: GOLD: It's dropping!!! Why!?
Its going to become silver not gold that is why
Anonymous Coward
User ID: 594859
Canada
06/22/2009 12:17 PM
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Re: GOLD: It's dropping!!! Why!?
It's only yellow metal, and it's not even as rare as they would have you believe.

Why do you put so much value in yellow metal?
 Quoting: Anonymous Coward 564424


you are an idiot.

it's only paper with numbers on it.

why do you put so much value in paper with numbers on it?
Anonymous Coward
User ID: 706032
United States
06/22/2009 12:20 PM
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Re: GOLD: It's dropping!!! Why!?
Gold will be over $2000\oz by the end of 2006..... wait errr......

Gold will be over $2000\oz by the end of 2007 for sure ... wait errrr....

Gold will be over 2000$\oz by the end of 2008 for sure this time really errr wait.....


It goes on and on, perhaps people should stop listening to hucksters regarding gold.
Anonymous Coward
User ID: 650740
United States
06/22/2009 12:22 PM
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Re: GOLD: It's dropping!!! Why!?
In that day a man shall cast his idols of silver, and his idols of gold, which they made each one for himself to worship, to the moles and to the bats; To go into the clefts of the rocks, and into the tops of the ragged rocks, for fear of the Lord, and for the glory of his majesty, when he ariseth to shake terribly the earth.
LURKING

User ID: 656081
United States
06/22/2009 12:23 PM
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Re: GOLD: It's dropping!!! Why!?
It's only yellow metal, and it's not even as rare as they would have you believe.

Why do you put so much value in yellow metal?

Yep


Majestic said 'they' have learned how to make gold. I don't know if that's true though.
 Quoting: Anonymous Coward 708736


Anybody can make gold.

As long as you have a particle accelerator.
"The Truth is so valuable that it must be protected with a bodyguard of lies"

Winston Churchill

Punted from GLP for the last time by unresponsive mods. Have gone to greener pastures where there is more professionalism.
xc
User ID: 707975
Belgium
06/22/2009 12:25 PM
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Re: GOLD: It's dropping!!! Why!?
It's all speculation how can you predict a market like that?

However there are indicators to what direction it might go.

For example in a bull market people will tend to sell gold and buy stocks in a bear market the opposite.

But then you have bear market rallies and other stuff that makes it difficult to predict what direction it will go.

There are also macro economic factors at play job rates inflation index consumer confidence crude inventories ect ect.

hiding
Anonymous Coward
User ID: 564424
United States
06/22/2009 12:38 PM
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Re: GOLD: It's dropping!!! Why!?
It's only yellow metal, and it's not even as rare as they would have you believe.

Why do you put so much value in yellow metal?


you are an idiot.

it's only paper with numbers on it.

why do you put so much value in paper with numbers on it?
 Quoting: Anonymous Coward 594859


I don't you assumptive retard.
Anonymous Coward
User ID: 704532
United States
06/22/2009 12:39 PM
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Re: GOLD: It's dropping!!! Why!?
 Quoting: »Subtle

more sellers than buyers
crazy
User ID: 687390
United States
06/22/2009 12:40 PM
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Re: GOLD: It's dropping!!! Why!?
Soon its not going to be yellow at all....Better save your silver..
Anonymous Coward
User ID: 706032
United States
06/22/2009 12:43 PM
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Re: GOLD: It's dropping!!! Why!?
Soon its not going to be yellow at all....Better save your silver..
 Quoting: crazy 687390


Dude! Just look at the value of silver over the last 30+ years.

Its a ASS investment. ASS!

You would be better off putting you money in a record\video store.
u know me
User ID: 681400
Canada
06/22/2009 12:44 PM
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Re: GOLD: It's dropping!!! Why!?
[link to www.kitco.com]

Ouch!

more sellers than buyers
 Quoting: Anonymous Coward 704532


Abandon ship :)
Anonymous Coward
User ID: 704247
United States
06/22/2009 12:49 PM
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Re: GOLD: It's dropping!!! Why!?
Gold goes up and down so it's just a cycle. I wouldn't own gold as an investment but rather as an insurance. If the dollars get f'd then at least you would have some gold to fall back on. I still think deflation is today's worry (worry for some, hope for others). Americas personal wealth has fallen by $13 trillion+ in the last 18 months. The velocity of money is near zero (banks aren't lending). Considering those two major factors, the fed would have to print a hell of lot of money to compensate, even more to cause inflation. The velocity of money is a huge factor considering it accounts for nearly 97% of money creation.
When the velocity goes back up (if) then look out, inflation is coming with a vengeance.
crazy
User ID: 687390
United States
06/22/2009 12:56 PM
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Re: GOLD: It's dropping!!! Why!?
Soon its not going to be yellow at all....Better save your silver..


Dude! Just look at the value of silver over the last 30+ years.

Its a ASS investment. ASS!

You would be better off putting you money in a record\video store.
 Quoting: Anonymous Coward 706032

my neighbor is in the air force and he told me last year to save your silver...He is collecting silver now...
Anonymous Coward
User ID: 695499
United States
06/22/2009 01:01 PM
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Re: GOLD: It's dropping!!! Why!?
Global Economic Worries -> Market Falls -> People hoard dollars -> Dollar Gains -> Gold Goes Down in value





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