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 Gold Plunging

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ggbaird



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Join date : 2013-02-27

PostSubject: Gold Plunging   April 15th 2013, 1:31 pm

Gold has dropped to its lowest level in over two years, falling almost $200 over the past two days and is now listed below $1400/ounce.






Guess all those 'Gold' shows on television will be doomed.

So, is this the beginning of the end for gold? Or is this the time to buy it by the ton?
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Diseasel



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PostSubject: Re: Gold Plunging   April 15th 2013, 4:52 pm

What your saying is there might not be much of a Rush for "Gold Rush." Smile

Silver and gold mining industries might need to cut back if profits aren't there. And then those industries won't be buying new heavy equipment or consuming fuel, etc.

I bet it doesn't stay down for long. There's too much worldwide uncertainty. It's always healthy to see these haircuts. I wish I could be a day trader. I've thought about buying some here since it could bounce back huge but again I'd only do it if I could sit in front of the computer and manage the win/loss.


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TheQuig

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PostSubject: Re: Gold Plunging   April 15th 2013, 7:28 pm

I'm holding on to my gold and silver, they will recover. If not next week, next month or next year. No need to panic.

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ggbaird



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PostSubject: Re: Gold Plunging   April 15th 2013, 7:29 pm

Just checked the price again (6:30 pm EST) and it's a little lower at $1356.62. That's about twenty bucks less than when I posted the article six hours earlier.
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TheQuig

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PostSubject: Re: Gold Plunging   April 16th 2013, 8:44 pm

Think about gold and silver the way you think about gasoline. The price drops, something happens, the price goes right back up.

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Yota_fan



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PostSubject: Re: Gold Plunging   April 16th 2013, 8:51 pm

It'll go back up. Just give it some time..
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Diseasel



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PostSubject: Re: Gold Plunging   April 16th 2013, 10:24 pm

Yep. It's only a matter of time.
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Ulmus
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PostSubject: Re: Gold Plunging   April 17th 2013, 8:04 pm

I agree. Its just a speculation driving it down for a moment.

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Why not?
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joemac

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PostSubject: Re: Gold Plunging   April 18th 2013, 12:28 am

Word is the Fed was naked short selling paper gold. However the physical seems increasingly difficult to come by. I can confirm the same from another preferred vendor Apmex.

http://www.paulcraigroberts.org/2013/04/16/update-to-the-update-the-attack-on-gold-paul-craig-roberts/
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