Gold flash crash WTF

[Snoopy]

Gold flash crash WTF.

 

[thatguy]

Nice way to make some money is breaking old low

 

[Altima]

Holy shit!

 

[SpacePete]

Wow! Silver too.

 

[Snoopy]

Crashing in all currencies it seems.

Strangely tho the prices on my LCS website hardly moved at all.

 

[-j-p-shmorgan]

PLEASE keep dropping. 50% decrease sounds OK w/ me.

 

[aleks]

WOW

 

[SilverDJ]

Down goes silver:

 

[aleks]

I can see a spike down to $1070 on CFDs

 

[SilverDJ]

Oil dropped 3.6% this morning too.

 

[-j-p-shmorgan]

$8 doesn't seem implausible now.
It's going to be down, down, down, until AFTER the rate hike.

 

[Snoopy]

I guess this means we are getting very close. The banksters get really scared if they feel they must move the price down in this fashion. Perhaps this shtt is over by the end of the week with a cash settlement on the cummix.

 

[SpacePete]

What's this doing to mining stocks?



.

 

[leon1998]

TOLD YOU SO, nobody believed me

 

[-j-p-shmorgan]

I guess this means we are getting very close. The banksters get really scared if they feel they must move the price down in this fashion. Perhaps this shtt is over by the end of the week with a cash settlement on the cummix.

You expect it to rally before a Fed rate hike? Wishful thinking.

 

[SilverDJ]

What's this doing to mining stocks?

EVN just lost 2%

 

[SilverDJ]

So who's buying on this dip?

 

[-j-p-shmorgan]

So who's buying on this dip?

Since I'm not in the paper game....I'm waiting 1-3months.
No reason to buy before a rate hike, when it's just going to fall further.

 

[Snoopy]

I am.

 

[SpacePete]

So who's buying on this dip?

It's still $200 higher than when I was buying the dip 6 months ago. So no, I'm probably good

But what has the AUD done since then?