Must say I'm thoroughly unimpressed by the $29 USD drop in gold as I type. Not the reaction I would have expected... will be interesting to see what happens by the end of the US trading day. Looks like the normal "flight to safety" is still set on autopilot to USD. As just mentioned in another thread though, there could be a shitload of flight to cash today to cover margin calls. Fortunately(?) the AUD is falling faster though, so gold is doing it's job for me. Shame about the bloody super stuck in shares thought that I haven't gotten around to rolling over.
Can't be surprised... it's still the worlds reserve... we are the 1% remember... now... this would be a gooder time as any for the central banks of the world to start seriously printing fiat. cmon lads... print that shit
yes, with stock markets in asia/pacific down I wouldn't have thought gold would drop. Or have I got it wrong, as another member said in another thread, selling PM to cover losses in shares? Stock exchange hasn't opened in NY yet?
Aye, margin calls + I would guess a lot of weak hands piled in during the run from 31 to 36.. *frantically clicks refresh*
It's interesting to note though that earlier silver and gold diverged, but now they're trading in lock step. What's up with that?
im gettin smacked from both sides atm lucky i got a sense of humour & the patience to ride it out i dont have shares so i should be happy about something
Down over $30 now. CNN were just commenting on the "surprising drop in the price of gold" with comments about flight to cash. Margin call day.
PRINT IT.. NOW.. you know you wanna. This ride is very interesting. With all the world in crisis-- floods, earthquakes, tsunamis.... makes me think that maybe..just maybe gold may outperform silver. Long-shot? Maybe not. Thoughts?
That's why I think 25% silver is the ideal exposure to the silver bullet with the safety of a gold remainder.
C'mon guys, PMs are on sale today. You're witnessing fear trades, where all fundamentals are ignored. Japan will need to print serious money to rebuild, US will need to print serious money to help them rebuild and maintain trade, I see this action as a buying opportunity. But that is just my opinion.
Zero percent Silver?? I would have thought thru general concensus on the ss forum it would be worth having some of the other stuff ?? If at some time in the future silver reaches parity with gold the ins now at 35 ish to 1400 ish gold would make silver by far the better deal...just seems strange... no silver? Even if silver struggles for parity most would agree with some silver holdings?
No thoughts... just facts.. my holdings are 100% gold and 0% silver [/quote] Well i think GP oughta ban you with talk like that.... you're at the wrong url bro
