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 Replies: 21 / Views: 3,055 |
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Pillar of the Community
United States
1026 Posts |
WOW is gold dropping today down almost $65.00 wonder why anyone know? Is China selling all their gold  |
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Pillar of the Community
United States
2424 Posts |
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Pillar of the Community
United States
924 Posts |
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Pillar of the Community
United States
3670 Posts |
Those cash injections can only go so far on the push down effect as no doubt it is all over printed/inflated currency from some where just adding a bit more steam to the economic pressure cooker, lol....
Edited by Silverhawk74
02/29/2012 2:07 pm
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Pillar of the Community
United States
1150 Posts |
ATTENTION! ATTENTION!
This is cause and effect; Bernanke started speaking on Capitol Hill, and as he did, Gold began to drop.
Any questions?
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Valued Member
United States
333 Posts |
Bernake has also spoken and "caused" gold prices to increase. The reason gold has declined in price is because more people are selling paper gold than buying paper gold at the current level. You can try to find whatever catalysts you want, including manipulation, but it is never as simple as one person talking.
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Valued Member
United States
362 Posts |
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Pillar of the Community
United States
1554 Posts |
Very impressive drop! WOW!
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Pillar of the Community
United States
1126 Posts |
This is cause and effect; Bernanke started speaking on Capitol Hill, and as he did, Gold began to drop.
Any questions?No Questions, Watched it happen in real time on two screens Ben on the left and Metals on the right. I now have to clean the left screen  He said that he would not engage in QE3 for the U.S. (Massive Money Printing) at this time. Then the metals began to tank. And this was after the announcement by the Federal Reserve that they would FULLY SUPPORT ALL LIQUIDITY NECESSARY FOR WORLD CENTRAL BANKS. in plain English, MASSIVE MONEY PRINTING WORLD WIDE He was sitting there flat out lying to the Senators today. And the weaker hands in the market took him at his word and got scared and began to dump I went out and bought more today Thank You Ben and the weak hands in the market that actually believed him
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Pillar of the Community
United States
1450 Posts |
Better buy while you can because this opportunity will probably be short-lived. March 20 is just 3 weeks away and if the Greeks decide to default,things could unravel quickly. Bottom line,nothing in the world financial system has really changed.
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Pillar of the Community
United States
2764 Posts |
I've found something interesting: "Adding to gold's decline: in afternoon dealings, gold was also hit "by a large sell order on Comex, said to have been 1 million ounces (or 31 tonnes) prompted by the Bernanke testimony," said Ross Norman, chief executive officer at London-based bullion broker Sharps Pixley. "That's the 4th paragraph from the bottom of the first page of this article: http://www.marketwatch.com/story/go...pagenumber=1 |
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Pillar of the Community
United States
1150 Posts |
Again, the catalyst is one man; Ben "helicopter" Bernanke.
At least some of us are smart enough to see the writing on the wall. But more while ye still can!
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Rest in Peace
United States
9104 Posts |
Quote:
Those cash injections can only go so far on the push down effect as no doubt it is all over printed/inflated currency from some where just adding a bit more steam to the economic pressure cooker, lol.... It's like the old days when the US kept dumping their gold to keep the price down. Aside from the fact that it didn't work, they woke up one morning to find France holding all the marbles. |
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Pillar of the Community
United States
3670 Posts |
Lol BF, they kept dumping it hoping it would drop the price, which did not happen you say, and France said thank you very much....
Master mainpulators the French are, always in the right place in the right time, lol. Minus their dealing with Big Ben Franklin of course, as their aiding us during the rev war did not play out in the favor in the long run. In fact, it was the key that later brought on Frances own revolution, and the end of Loui an miss "let them eat cake", lol....
Edited by Silverhawk74
03/01/2012 3:15 pm
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Pillar of the Community
United States
4008 Posts |
Right on, Stewart. I agree with you on all counts!  |
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Pillar of the Community
 United States
1026 Posts |
Well what is crazy is the world has to much debt so how is the world trying to fix it with more debt?
More sooner than later all is going to come crumbling down big time and then Gold will be going up big time yet again.
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Replies: 21 / Views: 3,055 |
Posted 02/29/2012 1:37 pm
