Gold slides 1.1% amidst the World Gold Council reporting an 11% Y/Y decline in Q3 demand to 1.1K...

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jbassbia Comments (311)
 
Soros is still adding to his holdings - article http://bit.ly/S7CuxC Nov 15
15 Nov 2012, 10:13 AM Reply Like

youngman442002 Comments (5024)
 
there is more in the data than the headline...but someone is tanking the market the last three days at exactly the same time..both gold and silver....HFT´s....???? China????
15 Nov 2012, 10:27 AM Reply Like

divinecomedy Comments (431)
 
I am a gold bull, but gold will see 1000 before going to the moon. Again, what is to stop central banks from shorting the paper all the way to Timbuktu? If they win, they get to buy physical gold cheap. If they lose, they print money and do it again. Nice to have a printer in your backyard isn't it?
15 Nov 2012, 11:12 AM Reply Like

David at Imperial Beach Comments (372)
 
Divinecomedy, you make no sense. Stop drinking that "cold medicine" before you grace us with your comments.
15 Nov 2012, 11:21 AM Reply Like

sikkabooyah Comments (414)
 
Yes, but it sounded so good when divine sed it. It's like Carla ("Cheers" waitress Rhea Pearlman) once said to a Brit: "You must be English, 'cause you sound to intelligent when you say stupid things".
15 Nov 2012, 12:26 PM Reply Like

David at Imperial Beach Comments (372)
 
Apparently the Fed has announced a QE++ plan and then fallen short on the implementation. We simply should not be seeing this much market weakness if new money was flooding in from their interventions. Today practically everything is down, including the dollar. This tells me we are experiencing deflation, which in turn tells me that the Fed is not doing its job as per its last announcement. I just pulled the plug on the last of my investments. If I do anything for the rest of the year, it will be to take short positions.
15 Nov 2012, 11:29 AM Reply Like

Rummeljordan Comments (466)
 
Gold didn't respond to QE3 like all the bugs hoped.

News flash people, gold is not immune to market forces like everyone thinks it is! It has gone from a safety trade to one of the most popular trades people like to make today thanks to GLD.

When the market sells, gold sells. Its beta to the S&P has been creeping up.
15 Nov 2012, 12:14 PM Reply Like

FrankJFattizzi Comments (379)
 
"when the market sells, paper gold sells"

fixed it for you.
15 Nov 2012, 03:37 PM Reply Like

Rummeljordan Comments (466)
 
Better check your facts partner. That paper has been up amid all this recent mess.
15 Nov 2012, 04:53 PM Reply Like

GoldBoy Comments (11)
 
this news is a suspicious fake news .... why did they announce this just 1 hour after the new jobless data for USA this week ......
15 Nov 2012, 01:10 PM Reply Like

mcostigane Comments (39)
 
a select few hedge funds have concentrated short positions in the mining shares which has caused the recent downward behaviour....all intended to shake weak hands.....don't let them fool you
15 Nov 2012, 03:54 PM Reply Like

MSGOLD Comment (1)
 
Please remember that a great deal of the selling in the U.S. is being influenced by the anticipated Long Term Capital Gains tax increase in 2013, from 15% to 20%. I would anticipate that this selling will continue for the remainder of the year.
15 Nov 2012, 05:13 PM Reply Like