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Gold continues to party as the weak Chinese PMI print overnight combines with yesterday's...

Gold continues to party as the weak Chinese PMI print overnight combines with yesterday's FOMC minutes to give rise to the idea of a lot more fiat paper chasing the same level of goods. The yellow metal (along with silver) has clearly broken through key technical levels as well. GLD +0.5%, SLV +1.6% premarket.
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Comments (5)
  • youngman442002
    , contributor
    Comments (5129) | Send Message
     
    I would also add that people...countries... are finally leaving the casino...
    23 Aug 2012, 07:14 AM Reply Like
  • Neckermann
    , contributor
    Comments (21) | Send Message
     
    Great run, until they dump their "paper"-gold (GLD/ETFs) on
    the market and put the real gold into a downward spiral, again.

     

    So far, I just see games out there, which Wallstreet loves to play.
    23 Aug 2012, 10:24 AM Reply Like
  • David R.(Canada)
    , contributor
    Comments (80) | Send Message
     
    Many individuals are getting out of the game. How? By buying physical silver and gold and holding it outside of the banking system, no matter what the crooks are saying about when to buy or sell. Outside of the banking system means NOT in safety-deposit boxes.
    They are slowly coming to the realization that the system is broken and cannot be fixed (at least, it can't be fixed by the same people that created the problem in the first place). They ignore the flim-flam in the news media, they buy when there's a drop but continue to hold if the price goes up.
    23 Aug 2012, 12:46 PM Reply Like
  • solarcircle
    , contributor
    Comments (312) | Send Message
     
    Where would you hold your gold outside of the banking system and not in a safety deposit box? in a closet? I would really like to know.
    24 Aug 2012, 03:00 PM Reply Like
  • remurraymd
    , contributor
    Comments (2287) | Send Message
     
    Big money jumping into (GLD)
    on world easing/currency debasement
    our 2950 shares of (NUGT) up 39% in 3 weeks.
    Better than a sharp stick in the eye.
    3 Sep 2012, 04:20 PM Reply Like
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