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 Replies: 262 / Views: 14,497 |
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Moderator
 United States
188213 Posts |
US$4,304.60!  |
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Moderator
United States
188213 Posts |
barryg just got ahead of me.  |
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Pillar of the Community
United States
5850 Posts |
And in that short amount of time, gold went up another $3...
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Moderator
United States
188213 Posts |
Quote:
And in that short amount of time, gold went up another $3...   |
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Pillar of the Community
 United States
5182 Posts |
I now think gold will keep going up every day until the stock market starts going down meaningfully.
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Moderator
United States
188213 Posts |
Quote:
I now think gold will keep going up every day until the stock market starts going down meaningfully. What do you think could/would pull them down?  |
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Pillar of the Community
United States
2464 Posts |
i hadn't looked at the charts since noon today, but am getting the chance now that I'm home from work...
WOW. just... WOW. I am not at all used to seeing these kinds of frequent leaps skyward. this is incredible. the banksters must be soiling themselves (but probably not... wishful thinking... they make $$ whether it's going up or down, but those shorts gotta be feeling the heat).
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Pillar of the Community
United States
5182 Posts |
Quote:
What do you think could/would pull them down? Can be many things: a new banking crisis (already unfolding), increasing consumer loan delinquencies, Fed shutdown dragging on leaving people literarily broke which plunges the economy into a severe recession/depression, etc. |
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Bedrock of the Community
United States
25163 Posts |
History has shown that when the market tanks, investors flock to PMs (especially gold) as a safe haven. Prices go up.
Inordinately fascinated by bits of metal with strange markings and figures
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Pillar of the Community
United States
5182 Posts |
Quote:
History has shown that when the market tanks, investors flock to PMs (especially gold) as a safe haven. Prices go up. Remember 2008? Both the stock market and gold plunged. My bet is that we're going to see something similar to 2008 very soon. |
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Pillar of the Community
United States
5182 Posts |
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Valued Member
 United States
314 Posts |
A tanking market means everything tanks, including gold as people scramble for liquidity.
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Bedrock of the Community
United States
36744 Posts |
Quote:
In fact, it screams "TOP!" to me. The financial system has never been in the state it is right now. We will see some paper smack downs of the metals but I doubt very much we are anywhere near a top for metals prices. Until the world gets off a debt based financial system, metals will continue to appreciate. Edited by IndianGoldEagle
10/17/2025 09:47 am
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Pillar of the Community
United States
5182 Posts |
Not the Ultimate Top, right.
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Bedrock of the Community
United States
36744 Posts |
Friday afternoon, the Bankers are busy slamming things down with more unbacked paper. I wonder how much this cost them in lease rates.
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Replies: 262 / Views: 14,497 |
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Posted 10/16/2025 12:20 pm
