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marketwatcher23

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  • Gold's Crash, Europe's Woes Signal Global Decline: Companies To Watch [View article]
    who is buying when people sell? What happens next?
    Apr 23, 2013. 09:52 AM | Likes Like |Link to Comment
  • Gold's Crash, Europe's Woes Signal Global Decline: Companies To Watch [View article]
    Germany just issued a note to the fed telling them to keep the gold.
    Apr 23, 2013. 09:51 AM | 1 Like Like |Link to Comment
  • Gold's Crash, Europe's Woes Signal Global Decline: Companies To Watch [View article]
    " We know that metals are overpriced by most metrics"

    Who knows? You?

    Are metals overpriced when you factor in 17 trillion in debt and trillion dollar deficits and 85 billion a month in QE4eva?

    Are stocks overpriced relative to interest rates? If you normalized rates (10yr at 5%) what happens to stocks? Oh let me guess...they keep doing just fine right?
    Apr 23, 2013. 06:54 AM | 5 Likes Like |Link to Comment
  • Gold's Crash, Europe's Woes Signal Global Decline: Companies To Watch [View article]
    Or maybe you just see two different markets abe. Physical and paper.
    Apr 23, 2013. 06:40 AM | 1 Like Like |Link to Comment
  • Gold's Crash, Europe's Woes Signal Global Decline: Companies To Watch [View article]
    so the same goes for housing right now as well right?

    also, when you have shortages and high demand, what does that do to price?

    (hint, price solves everything)
    Apr 23, 2013. 06:37 AM | Likes Like |Link to Comment
  • Gold's Crash, Europe's Woes Signal Global Decline: Companies To Watch [View article]
    Do you have any thought as to why Bernanke announced 4 months early that he is skipping Jackson hole?
    Apr 22, 2013. 09:49 PM | Likes Like |Link to Comment
  • Gold's Crash, Europe's Woes Signal Global Decline: Companies To Watch [View article]
    LOL

    "People are moving their investments out of unproductive lumps of rock into productive assets"

    So...

    "Dear TexMetals Customers:

    As you all know, it has been a remarkable (and historic) week in the metals market, with metals prices falling precipitously. In the past two weeks, we have sold over 350,000 ozs of silver and 11,000 ozs of gold, which (as you can tell from our website) has placed an enormous strain on inventory levels, not to mention our loyal staff. As of today, we are completely sold out of silver....."

    Does not really fit your narrative eh?

    Okay lets go global...

    Via The FT,


    Asia is witnessing one of the strongest waves of physical gold buying in 30 years, with bargain hunters using the drop in prices to secure jewellery and gold bars.

    The feverish buying has left many of Hong Kong’s banks, jewellers and even its gold exchange without enough yellow metal to meet demand. In Shanghai, the gold exchange saw volumes – often seen as a proxy for demand – rising to a record on Monday, while queues formed outside some jewellery shops in Beijing.

    Haywood Cheung, president of the Hong Kong Gold & Silver Exchange Society, said the exchange had effectively run out of most of its holdings as members looked to meet a shortfall in supply amid rampant retail demand for gold products.

    “In terms of volume, I haven’t seen this gold rush for over 20 years,” he told the Financial Times on Monday, adding that the exchange only had around twenty 1kg bars, and 100 five-tael bars left in its inventory. “Older members who have been in the business for 50 years haven’t seen such a thing.”
    Apr 22, 2013. 08:27 PM | 8 Likes Like |Link to Comment
  • Do You Believe In The 12 Rules Of Goldbuggery? [View article]
    Yes with gold it's religious. But stocks for the long term. Buy low sell high (stocks). When it's low you are getting something you like on discount etc etc etc etc etc....not the same thing.
    Apr 22, 2013. 06:38 AM | Likes Like |Link to Comment
  • Do You Believe In The 12 Rules Of Goldbuggery? [View article]
    There is definitely a greater fool. Apparenty tons of them. In Asia there are people lined up outside the store to buy gold. Same for Japan, Canada, Australia etc etc etc.

    Funny I don't remember that happening when housing was crashing. Or stocks.

    It's hysterical that a massive drop in price for unclear reasons unleashing a tremendous wave of buying to the point of places being sold out and premiums skyrocketing (especially silver) could be the mark of a top. That is laughable Abe.

    More likely it is the mark of something very wicked about to play out.
    Apr 21, 2013. 08:35 PM | 3 Likes Like |Link to Comment
  • Gold: Where Are We Now? [View article]
    I am not selling my gold so you can't calculate it's value. However if you own any gold and are inclined to sell it, I will gladly pay you between your $500 and $1000 number.
    Apr 20, 2013. 11:48 AM | 1 Like Like |Link to Comment
  • Gold: Where Are We Now? [View article]
    do you prefer criminals or evildoers instead?
    Apr 18, 2013. 05:20 PM | 3 Likes Like |Link to Comment
  • Gold: A Bright Shining Lie? [View article]
    John the banks don't money launder and did not manipulate LIBOR so there is no reason to suspect foul play.

    Oh...wait.

    Anyway you are right. GLD is a myth. Gold is the real deal.
    Apr 18, 2013. 04:27 PM | 23 Likes Like |Link to Comment
  • Gold: Where Are We Now? [View article]
    The miners are being crushed by the falling prices. They will be forced to cease many different operations which will only exasperate the lack of supply.

    They tried for the Right hook knockdown and the left hook all day mindscrew from the msm and it backfired.
    Apr 18, 2013. 01:46 PM | 1 Like Like |Link to Comment
  • Gold: Where Are We Now? [View article]
    Thanks for the clarification Tom. My apologies and sorry to hear you are in a headlock.
    Apr 18, 2013. 01:33 PM | Likes Like |Link to Comment
  • Gold: Where Are We Now? [View article]
    Excuse me people but naked short selling is illegal. Much like money laundering and LIBOR rigging etc. etc. etc. so therefore I believe Banks would never do that.
    Apr 18, 2013. 11:21 AM | 3 Likes Like |Link to Comment
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