Gold Bubble BURST OH NOES

http://www.smh.com.au/business/markets/gold-bubble-bursts-20110924-1kq5f.html

ORLY?

 

LOL
i read that as well...
they forgot to mention gold was 1400/oz about 2 months ago
and its still 1700 now...

 

"Gold crashed more than $US100 on Friday as a slide turned into a free fall, with weeks of volatility, renewed strength in the US dollar and talk of hedge fund liquidation wrecking its safe-haven status."

or in other words - gold dropped 5%

 

Yeah I fail to see how a 5% drop can be considered a 'crash' or a 'free fall'. A lot of shares drop by that much in 24 hours quite regularly.

If 5% is a crash, WTF do they call what just happened to silver!? (20%+ in 1 day)

 

Sept 6, 22 metric tonnes of gold dumped onto the market 5 minutes before the Swiss National Bank announced the CHF-EUR peg.
Sept 15, UBS announces $2.3billion through trading losses of 1 guy.
Sept 23, gold down against all fundamentals screaming the opposite.

If I was a coincidence theorist I might suspect that the Swiss will have all that gold back by Monday morning, and the snr UBS execs will still get their bonuses (or at least be given nice government jobs to move on to)

 

Do not forget; Option expiry on Tuesday

 

can you talk more on this projack

i like your insight

 

Also I see CME put 15-20% margin hike on gold and silver just to help things along, be interesting to see if JPM ect do the Option expiry day attack aswell.

 

FOFOA sums the drop up nicely in this article.

http://fofoa.blogspot.com/2011/09/on-scary-corrections.html

 

There was a good detailed article analysing gold price, and the drops few days before option expiry in the last few years. I can not find it now.
This is an older link is similar, but not going into the details much, but if you goggle "gold price drop option expiry" you find many articles and information.
http://www.marketoracle.co.uk/Article20677.html

 

What did Soros sell his gold at again?

 

He sold his gold in the 13 hundreds 6 months ago completely missing out on most of the gains.

 

I thought it was low 1400s hasn't been below that since late FEB? Rhetorical question anyway

 

If you bought share or property you lost money, if you bought bonds, or kept your money in cash you did not go anywhere, but gold still around 20% ahead this year.

 

Ummm i hope u guys will invest more carefully. Dont turn into gold bugs.

 

Yeah,right on Jpanggy.
Last 2 years have been an unprecedented profit tacking period for gold.
The investment outlay vs profit takings as a return percentage have won me over.My shares,property,platinum,palladium,silver conversions are going to be plied straight into Gold.
That yellow stuff is just beautiful!!

REDBACK

 

Big George
Source: Illuminati scum.

 

A major Australian newspaper gives me information....i better sell!!