Plunge?

[DanielM]

*insert lame joke here----->* More like Mike BA-loney!!!!

 

[Silver bullitt]

I want to to a big purchase (for me 14 koalas and 3 100g bars ....)

I just dont know when the price keeps falling I keep waiting to see when its gonna bottom and it just keeps failing. I was sure looking at the futures prices yesterday we where close as they where all in the green today they are trashed again all down 50c

Don't buy in one hit.
Spread that big purchase over a couple of weeks and wait till the end of the week when prices are usually falling the sharpest.
It's not a perfect strategy but it helps a bit, sometimes a lot.

 

[QLDSILVER]

Thanks willrocks, that is a very very funny screen shot given the time, absolute GOLD!

 

[willrocks]

Here's an optomistc chart if I ever saw one:

Source: KWN

 

[willrocks]

Source: KWN

 

[Alfie]

Can anyone confirm it was a China centric sell off in PM given the plunge started when their markets opened?
As we know, they hold a LOT of US debt and reports are coming out China has liquidity issues
This may be a problem if they find it by offloading gold

 

[Alfie]

By the way we are off again
Gold $1330.40 down $48.18
Not good

 

[SilverTouch]

So are we there yet?

Have we broken Mike Maloney's up-trend channel?

HAHAHAHAHAHAHAHA!!! lol :lol:

 

[DanielM]

Waiting to see if there's a New York smack down

 

[mmissinglink]

I am going to predict that there will be a down trend the entire week with the usual high-low fluctuations at any given moment. I am eager to see what new lows Friday will bring! Itching to make another, bigger purchase.