Title says it all both AG/AU just plummeted (Silver $1.34) (Gold $55.00 ~) what is going on any reason for this massive drop. Is it a reset or someone trying to do something else. Or a computer glitch argg - Good for Dragon purchases though if it keep going -
Peeps on the East Coast are going to wake up tomorrow and hit refresh several times to make sure they are still not dreaming ? Free Falling...
There were multiple news releases from the States President Obama woke up in the middle of the night and just remembered he had 20 trillion stashed under his presidential bed. Medicare, Medicaid and Social Security just finished an audit on current and potential future claimants, finding that 90% of current and future claimants are actually completely healthy and 85% of those who claim to be over 85 are actually on average just over 47 - thus solving America's deficit and debts. Gold and Silver is finished, the gravy train called the American dream is back on track and full steam ahead choo choooooo On a serious note - I think this is the market pricing in QE3 as people move in to stocks to take advantage of the printing press - this is a temporary pull back and a great time to.. BTFD
I just posted a For Sale only 1/2 and hour ago and used $40 as a guide that is now nearly $2 overpriced. I have not seen a free fall like this since April. Wooo I am getting giddy from the air pressure change. Still dropping, another one again. This is going to make the MSM go crazy and all the spruikers jump with joy telling anyone that will listen "See I told you so it was in a bubble" hold steady folks it could be a bumpy ride for a few weeks again.
robbing eyes....takes a second look... I wonder if the banks got a secret signal from Ben that QE3 is a go :/
The initial announcement is not bullish, as QE means stocks will be boosted and people move from gold and silver to stocks - it is bullish in the medium and long term.
Don't like it going down,,go back up you bugger. Thinking about it ,this sort of thing was predicted. Expect increasingly dramatic ups and downs,100 dollar swings in a day , as things become more unstable. Those who manipulate currencies hate gold because it makes what they do obvious, and you can expect them not to give up without a fight. Expect the ride to be dramatic. (talking to myself)
Never forget that only _we_ believe PMs are a safe haven - and only if its physical. The traders that parked their cash in paper PMs during the last few weeks did so with the intention to move out when the coast was clear. QE3 will clear the coast. They don't believe in SHTF. QE3 does give Silver Stackers that bullish feeling though ps. I thought JPM was going to "clear the coast" but obviously they prefer Helicopter Ben to do the work
This is the first dip where i've actually got some money - yay! Ahh to hell with the other debts i'm trying to pay down atm.
Choo Choooooo~That was funny and a great way to start the morning. Lol So I'm selling onces of gold for $1950 because I don't believe in running with the crowd. Show your conviction buy today