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More from the G-20: Speaking now, IMF chief Lagarde calls the euro's strength a welcome policy...

More from the G-20: Speaking now, IMF chief Lagarde calls the euro's strength a welcome policy development (welcome? EU exports to China are diving). Talk of currency wars is overblown, and she sees no major deviation from the fair value of major currencies. Gold isn't liking all of this feel-good talk, hitting a 6-month low of $1,626/oz. GLD -0.8% premarket.
Comments (12)
  • mcostigane
    , contributor
    Comments (44) | Send Message
     
    Thanks for the Friday humour and the sale!
    15 Feb 2013, 08:45 AM Reply Like
  • johnbee
    , contributor
    Comments (533) | Send Message
     
    Gold follows no logical pattern other than long term being the best hedge against fiat currencies. It should in theory be doing that right now in a world of competitive devaluation. The proplem is manipulation by the Fed to assist the $ v. gold ratio to be kept in line. Several major banks have recently written support reveiews for it and Soros and others were recently busily buying. The range is $1620 to $1720 right now.
    15 Feb 2013, 09:15 AM Reply Like
  • Skull & Bones
    , contributor
    Comments (59) | Send Message
     
    "When it gets serious.....you have to lie."...........EuroGroup Head Jean-Claude Juncker. Truer words have rarely been spoken by ANY government official ANYWHERE in the world. Keep stacking the precious metals.......the Central Banks surely can't get enough of it!
    15 Feb 2013, 09:24 AM Reply Like
  • bargor24
    , contributor
    Comments (21) | Send Message
     
    A weaker yen is good for Japan, and a stronger Euro is good for Europe - like a bunch of seven-year-olds unable to get their lies straight.
    15 Feb 2013, 09:45 AM Reply Like
  • papamel
    , contributor
    Comment (1) | Send Message
     
    Bet the Warren Buffetts of the world are loving this "Fire Sale". Whatever the pundits say is always the opposite of the truth.
    15 Feb 2013, 10:07 AM Reply Like
  • phil2k
    , contributor
    Comments (63) | Send Message
     
    What do people think will be the next floor of support for the GLD? $150? $145?

     

    I'm looking to open a sizable long position.
    15 Feb 2013, 10:08 AM Reply Like
  • mickmars
    , contributor
    Comments (1323) | Send Message
     
    ECB to start printing in 3....2....1......
    15 Feb 2013, 10:10 AM Reply Like
  • css1971
    , contributor
    Comments (870) | Send Message
     
    Ahh. Wondered what was going on.

     

    Politicians... Speaking...
    15 Feb 2013, 10:49 AM Reply Like
  • philhackett
    , contributor
    Comments (4) | Send Message
     
    Accept that the Illuminati are manipulating and buy Gold coins at any price you can get. The breakout will be in about 50 days. There are big bets on the Vix passing 20 by by then so insiders know what is coming. Ignore fluctuations. You will make it all back. 50 times more Silver is being bought as I write.
    15 Feb 2013, 10:52 AM Reply Like
  • philhackett
    , contributor
    Comments (4) | Send Message
     
    The default on the dollar isn't far away. It will be worthless by August, so I buy as soon as I make a profit Spread Betting. There may be a delay for the Lisbon Treaty to go live and the North American Union to become reality. There will be blood on the streets when people finally realise that this has been planned for sixty years. World Government and World Currency.
    15 Feb 2013, 10:57 AM Reply Like
  • phil2k
    , contributor
    Comments (63) | Send Message
     
    http://bit.ly/z62Fob

     

    I wonder what happens to gold prices and the value of the dollar when this money stops sitting idly on the sidelines and enters the real economy.
    15 Feb 2013, 11:11 AM Reply Like
  • Interesting Times
    , contributor
    Comments (10165) | Send Message
     
    I love GROUP HUGS!!!

     

    Give me a break..the race to the bottom is on !!
    15 Feb 2013, 12:31 PM Reply Like
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