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Comex gold declined $28, or 1.8%, to settle at $1,550.40/oz. as the European summit begins with...

Comex gold declined $28, or 1.8%, to settle at $1,550.40/oz. as the European summit begins with little hope of progress and a higher dollar keeps gold and other commodities under pressure. Also, decreased physical demand from countries such as India is hurting demand for gold. Miners take a beating: GG -5.1%, AUY -3.1%, KGC -6.2%, AEM -4.6%, NGD -3.1%.
Comments (2)
  • Brian Bobbitt
    , contributor
    Comments (1890) | Send Message
     
    As the US$ wins first place in the "Ugly Contest", it follows that gold [in US$ terms] must fall. You MUST begin to check retail prices of the things you are buying, like fuel. Our costs here in Palm Beach County, have fallen from $4 to about $3.33 a gallon recently. Demand globally is falling, which makes fuel cheaper at your pump. I am seeing most other commodities fall in price, but retail prices are rising. There is a strange mix going on out there. Things are not okay in Willoughby. There is a day of reckoning coming. Some say we are in a depression, some say recession, some say a gentle recovery. BUT with the Eurozone collapsing in on itself, it won't be long until they run home to momma [the United States] to bail them out as usual. This time, our taxpayers can't do it again.

     

    WATCH OUT

     

    I will give you the precise time and date to buy gold and silver. If you have gold, trade it for silver NOW.

     

    Capt. Brian
    The Lost Navigator
    28 Jun 2012, 03:04 PM Reply Like
  • TwistTie
    , contributor
    Comments (2477) | Send Message
     
    I heard that Moscow was going to help out by buying several tranches of the new French debt instrument.

     

    Russian Roulette Bonds.
    28 Jun 2012, 03:19 PM Reply Like
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