Find's Treasure Forums
Welcome to Find's Treasure Forums, Guests!
You are viewing this forums as a guest which limits you to read only status.
Only registered members may post stories, questions, classifieds, reply to other posts, contact other members using built in messaging and use many other features found on these forums.
Why not register and join us today? It's free! (We don't share your email addresses with anyone.) We keep email addresses of our users to protect them and others from bad people posting things they shouldn't.
Click here to register!
Need Support Help?
Cannot log in?, click here to have new password emailed to you
Changed email? Forgot to update your account with new email address? Need assistance with something else?, click here to go to Find's Support Form and fill out the form.
:usaflag:Precious Metals Value in a nose dive!!!! :thumbdown:
- Thread starter Cupajo
- Start date
scubadetector
New member
MY opinion is it is being manipulated by the government. Our money system is going to crash. I really believe that. Gold silver and platinum will be the only thing to have. I see absolutely no reason in our economy for the drop in price. It makes you wonder why gas is going through the roof again.
I watch it every day because my computer shop is attached to a pawn shop and I also run the pawn shop. Something is rotten. I just can't wait to get out and find more to add to my small collection that I haven't sold.
I watch it every day because my computer shop is attached to a pawn shop and I also run the pawn shop. Something is rotten. I just can't wait to get out and find more to add to my small collection that I haven't sold.
Yeah, I was watching that yesterday in horror! No reason for gas to be at 4...it was at 4 when a barrel was 130 bucks, but never when a barrel is 96.
I also think the big guys know the general populace so well, raise gas, squeeze more taxes, drop gold, and they will have to sell what little gold they have left to buy gas! Strange times fellas!
Mud
I also think the big guys know the general populace so well, raise gas, squeeze more taxes, drop gold, and they will have to sell what little gold they have left to buy gas! Strange times fellas!
Mud
Water wizard
New member
I'm stocking up on tins each week when I shop. I've got a good stock pile building up. Loads of jobs cut here every day, it's not looking good......
Gold still is in uptrend. Medium support is around 1625. Here are 2 scenarious: Upmove will start during next 6 mo. 2nd possibility rise is delayed by as much as 18 mo. Gold target for this cycle [2-5 years] is 3000-10000/oz. This info came from best gold analysts I know for years. Conclusion-accumulate if you can. Will lower price result in more jewelry lost?- I doubt. Population get increasinly poorer and future job markets are looking bad.
+1 for pic, its a riot.
scubadetector said:MY opinion is it is being manipulated by the government. Our money system is going to crash. I really believe that. Gold silver and platinum will be the only thing to have. I see absolutely no reason in our economy for the drop in price. It makes you wonder why gas is going through the roof again.
I watch it every day because my computer shop is attached to a pawn shop and I also run the pawn shop. Something is rotten. I just can't wait to get out and find more to add to my small collection that I haven't sold.
This is interesting site http://www.gold.org/investment/statistics/gold_price_chart/ Gold was very consistently moving up for years and current poolback in terms of % is very normal. Can be there more poolback? Yes. Euro is under heavy pressure and may fall later in a year. Gold has historical connection to Euro. They were moving in tandem. Point is what to do? Depends on your time horizon. If you have 2 years plus. In my opinion it will be higher by then. If less, then decrease your risk by selling part.
In my opinion gold is one of few best hedges against all forms of monetary corruption. Here they are in order: Rodium, Palladium, Gold, Silver, Platinum. Longer term I believe silver will outperform gold by far. Gold and silver are most useful to manipulate perception of financial prudence. Technicals are late indicator of manipulation. Therefore they are of little use-only short term. They do guide decisions of some market participants but main market is guided by various considerations.
FinnishPolefromSWDetroit
New member
Hey take from me, we in the NRA know everything whats going on in Obamarama house, false ILLUSION on WALLSTREET folks and so is our economy and dollar.Its one of the main reasons why the so called GUN BAN brohaha has gone down the toilet in humiliating defeat. Sooner or later the billions thats going to WALLSTREET everyday is going to run out.Stocks don,t jive with 4$ a gallon gas and a .000000001 % growth and millions still unemployed, millions others working for lesser wages ,part time no secured future ,social security pensions.Don,t cash in on all the gold you find or have found.Gold will be back up and past $2,000 an ounce.
Mon April 15 - The bloodbath and carnage continues in the Comex June gold futures contract for the second session in a row. Overnight action saw the June gold futures collapse under the $1,400 per ounce mark, as nearby gold touched its lowest level since February 2011.
The bears have etched severe technical damage on the charts with the plunge under the $1,525 mark. A monthly momentum indicator, as measured by the nine-month relative strength index, shows nearby monthly gold prices have not yet reached "oversold" levels. Readings under the 30% mark represent oversold territory and the RSI had fallen to 32% in pre-New York Monday action.
Bottom line? That shows gold may have farther to fall before finding a floor.
Gold traders looking for a bottom should be alert for a so-called "Selling Climax."
In order to stabilize the current panicked rush-to-the-exits type of action in the gold market, a capitulation trade or wash-out day in the gold market is needed. A selling climax would occur when gold prices sell off sharply on heavy trading volume, but then reverse higher to a positive close
The bears have etched severe technical damage on the charts with the plunge under the $1,525 mark. A monthly momentum indicator, as measured by the nine-month relative strength index, shows nearby monthly gold prices have not yet reached "oversold" levels. Readings under the 30% mark represent oversold territory and the RSI had fallen to 32% in pre-New York Monday action.
Bottom line? That shows gold may have farther to fall before finding a floor.
Gold traders looking for a bottom should be alert for a so-called "Selling Climax."
In order to stabilize the current panicked rush-to-the-exits type of action in the gold market, a capitulation trade or wash-out day in the gold market is needed. A selling climax would occur when gold prices sell off sharply on heavy trading volume, but then reverse higher to a positive close
Robert2300
New member
A couple days ago it was at $1388. Now it's back up to $1400+ but
it could just as easily plummet to $1200. Hard to know WHAT it's going
to do.
Whatever I sell it's NEVER to a pawn shop. I send mine to Michigan Refinery.
But I hear there are other places even better.
Robert2300
it could just as easily plummet to $1200. Hard to know WHAT it's going
to do.
Whatever I sell it's NEVER to a pawn shop. I send mine to Michigan Refinery.
But I hear there are other places even better.
Robert2300