Another big drop?

P

PMcat

New Member
Looks like we are going down 39.74 USD at the moment, gold down $5... :mad:
I heard about new margin requirements the other day, I guess we are seeing the effect of that?
 
Do you guys think it will go down into the $20's this time?

I wounder if this is a "market crash" to push the next round of QE...
 
In Europe we are starting to reserve our place in the life boats.
Stock markets falling by almost 10% and the SHTF now more of a concern in other areas - bigger Mediterranean countries and banks exposed to these laid back southern territories where everyone has a good tan and drives a nice car during their very long summer holidays.
 
PMcat,


"I wounder if this is a "market crash" to push the next round of QE..."




I really do not think the US has any choice. SOMEONE has to buy all those new US Treasuries now on the market.

No overseas buyer is to be seen, the PRC will not and the Japanese cannot, and the US Department of Social Security and your pension Funds can only buy so much each month.

Q3 will take place and in fact is almost certainly taking place now, and it will be followed by QE4/5/6/7........


OC
 
Aengrod said:
Photonaware said:
In Europe we are starting to reserve our place in the life boats.
Click to expand...

Very true, tho not all of us.
Click to expand...

Don't worry Aengrod it's not the 1800's they will take the Irish now as well.....

:D

REDBACK
 
DOW is down more than 500 points as world stocks drop. Gold and Silver also dropping, so its not simply a sell off and buying of Gold/Silver.
 
http://www.guardian.co.uk/business/2011/aug/04/world-stock-markets-turmoil-fall


Rumours were swirling around the City that hedge funds were being forced to sell assets such as gold in order to cover deepening losses on other investments. This led to a surprise 1% drop in the value of gold, which in recent weeks had risen to record highs of more than 1,000 an ounce as a safe haven bet during the eurozone and US debt crisis. Brent crude prices fell 5% to $107 a barrel amid signs of slowdown in the west's major economies.
Click to expand...
 
might be a good chance for a quick trade if it plays out like late 2007, with a whipsaw back, once the bungee cord maxes out

though, if it plays out like 2008, it will keep going until exhaustion...that time took until march 2009

overall, it does look like the bear is on the march again
 
The 'expert' on TV says that money is flowing out of stocks and into the "safe haven" of US treasuries???????

"One born every minute".


OC
 
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