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  • Precious metals see a bout of major buying, with gold (GLD +1.5%) jumping about $25/ounce in the past few minutes, and silver (SLV +4.8%) soaring nearly a $1. Bearish for some time, Mark Dow reminds gold has been going down for 2 years, but the decline has only recently made the headlines. Gold's post-QE run was built on a number of misconceptions which have all cracked. The longs (silver too) are trapped and the bear market isn't close to over.
      [View news story]
    Experts continued to warn about the housing bubble. Prices continued upward until the eventual collapse. Housing prices dropped more than 50% in many areas. Experts not long ago started warning about the gold bubble. History is repeating itself. Those who continue to ignore the bubble will wish they had paid attention 6 months from now.
    Jun 28 07:26 PM | Likes Like |Link to Comment
  • Outflows continue from the SPDR Gold Shares ETF (GLD), with investors yanking about $250M out during the week ended June 3. The fund has $45B AUM now compared to $72B at the year's start. In China, regulators have approved the launch of its first gold bullion ETFs. Physical gold demand in Asia is booming this year even as investor demand evaporates. The yellow metal's off 1.1% to $1,371/ounce. [View news story]
    Repeat of early '80's? Gold was nearly $900 and went down to around $250 and stayed dormant for years. Seems like the sheeple are willing to spend $1400/oz on something that was so cheap not too long ago. Will it crash or skyrocket? Personally, I don't know. The only honest comment out here.
    Jun 11 08:25 PM | 1 Like Like |Link to Comment
  • Up as high as $1,413 following Bernanke's (at the time) perceived dovish testimony this morning, gold (GLD -0.9%) reverses along with stocks. Markets make opinions, and now the focus on Bernanke is he's prepping the markets for tapering. The just-released FOMC minutes push down gold even further, now at $1,357/oz. [View news story]
    Don't want to burst a bubble but, Syria and Israel duking it out, QE's still going strong, other world tensions, economies in collapse. And yet gold isn't rallying. Kind of looks like the early '80s all over again. Look out $500/oz
    May 22 03:46 PM | Likes Like |Link to Comment
  • Another Buying Opportunity For Gold [View article]
    And the bulls were calling for $2000 around 1980 when gold rocketed to nearly $700. And where did it wind up? Somewhere around $300 and then languished for years. The rise in gold from around 76-80 looks similar to the chart action over the last few years. What rockets up, often crashes back to earth.
    Jun 23 05:45 AM | Likes Like |Link to Comment
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