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Precious metals continue to tumble, with gold at $1,374 nearing the panicky lows (about $1,350)...

Precious metals continue to tumble, with gold at $1,374 nearing the panicky lows (about $1,350) seen during April's liquidation. Any excuse will do in a bear market, and filings released yesterday containing data anywhere from 6 weeks to 5 months old showed continuing sales of gold ETPs by names such as Soros and BlackRock. GLD -1.3%, SLV -1.3% premarket.
Comments (9)
  • mickmars
    , contributor
    Comments (1323) | Send Message
     
    Sweet spot is coming. Don't hit the "buy" button until you hear Cramer say "Gold's run is over". Remember... he LOVED gold at $1800.
    16 May 2013, 07:24 AM Reply Like
  • HAPPIESTHIHOSILVER
    , contributor
    Comments (77) | Send Message
     
    hasnt he said that just to coordinate with his chums at CNBC? some mike s. guy on squawk yesterday said gold to 500. if gold goes to 500 we will be in a worldwide depression. my opinion.
    16 May 2013, 07:53 AM Reply Like
  • msteck
    , contributor
    Comments (50) | Send Message
     
    Why do you think this? Low gold demand usually implies a strong and healthy economy. Just look at gold prices in the late 90's and early 2000's. I hope gold goes to 500, but my target is 1200.
    16 May 2013, 03:20 PM Reply Like
  • CraigPowell
    , contributor
    Comments (96) | Send Message
     
    This gold price drop was accurately predicted on February 14: http://tinyurl.com/cn2...
    16 May 2013, 08:48 AM Reply Like
  • DeepValueLover
    , contributor
    Comments (7813) | Send Message
     
    For those who can see true value in a world of out of control money printing these "on sale" prices are total gift!!

     

    When the interest rate pendulum swings you are going to wish you bought gold and silver ~ $1,300 and below.
    16 May 2013, 08:58 AM Reply Like
  • Iron Hamster
    , contributor
    Comments (419) | Send Message
     
    Gold is an inverse reading of people's faith in the economic system. It's a place to park value. Right now, the market is somewhere between optimism, euphoria, irrational exuberance, and fantasy land. I'm running with all of that. But the problems that caused the -'08 crash have not been fixed, and this emotional high will not go on forever. Short term bearish on gold, but I think we'll see $2000 before we see $500.
    16 May 2013, 09:30 AM Reply Like
  • convoluted
    , contributor
    Comments (1761) | Send Message
     
    If gold is actually, unequivocally dropping to " x" then all one has to do is commit everything they have to the trade. Well? That's the acid test of a ' call '
    16 May 2013, 08:51 PM Reply Like
  • HA65MPH
    , contributor
    Comments (1366) | Send Message
     
    Hold , .. physical..silver / gold ..

     

    hide and 'watch''.
    16 May 2013, 10:28 PM Reply Like
  • jackscure
    , contributor
    Comments (42) | Send Message
     
    Everybody knows gold will increase in value because all currencies are getting devalued and inflation is inevitable. Yet it goes down every day. It is pure manipulation and scam. It's pathetic. Corruption in the markets never ends
    17 May 2013, 04:08 AM Reply Like
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