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:usaflag:Precious Metals Value in a nose dive!!!! :thumbdown:

Like stocks, gold prices are driven by big block investors.

People ran to gold when stocks and bonds were plummiting in value.

No big surprise there.

My guess is the only reason the price is coming down is because these same big money investors are finding other places to put their money.

Bad news for gold prices but maybe good news for economies overall.

I love a good conspiracy theory as much as the next guy, but I honestly don't see price manipulation going on here.

I see a price bubble starting to deflate.

My guess is it will eventually settle at around $1200 per ounce, a price level I think will be sustainable for quite some time.

Still a heck of nice profit for those who bought gold at $800 per ounce or lower.
 
Lately all markets are heavily manipulated by big players. They never were so greedy. They act like there is no tomorrow. .. Usually it will take 6mo to a 18 mo for big players to establish big position for next move. Technically we shall see double or more so bottom developed. It will take lots of time. Then we will see big move. Real moves are slow and steady. Fast moves are 99% traps for speculative positions. Disregard any comments about end of Gold as a stupid noise. If one must sell, sell to refineries. Usually one should get 97-99% of Gold spot price. There are many of them. Check the Internet.
 
Gold and silver are badd investments, they do not earn intrest-- they make you the pray of the bandit, they pay no rent, and if the price goes up you owe taxes on your eranings. even jesus when talking about the parible of the talents showed that the guy who buried his money in the ground lost it . wile the ones who invested and made more got a good grade, look at the lost hords buried to keep the money safe ya the gold was safe but did those who buried it no good , lay not up your treashures on earth. ya i want to find some but i intend to use it for bills and living and true investments.
 
Gunner...how do you owe tax on gold? Just curious. Even if you had a large bar ten years ago...no one makes you pay tax on it when you cash it in. Maybe the irs will find out for large cheques?

Btw...when's next vid? Like watching them. Hh an gl -Joe
 
. Consider Gold as best insurance against currency devaluation. Regarding investments - it is mostly our limited perception at particular time.
 
Diggin-it said:
I agree with Scubadetector's analysis 110% There is no rational explanation for the drop except manipulation...and yes an economic collapse is coming, its a mathematical certainty.
Click to expand...

Yes, it is always a planned and controlled event. Manipulation from the big guys to enhance panic and get more moneyout of us. Notice the so called American dream has went down the drain. Use to everyone could afford everything they needed and then some with their regular 9 to 5 job for the working class citizens. Now alot of people want that monthly handout (for some reason they refer to it as "entitlement" now, I guess it makes them feel more upper class type than welfare does) every month to keep from having to seek a regular job because they are lazy with no ambition. It is a shame. I am sure this thread will be locked before long because of political reasons!! Tim
 
Warning! Stocks to Crash, Gold to Top $10,000: Albert Edwards
Gold prices will top $10,000 per ounce, the stock market will tank and Treasurys will yield less than 1 percent, Societe Generale's Albert Edwards forecast in a trademark bearish report on Thursday.
(Read More: Sliding Yen Could Herald New Asian Currency Crisis: Albert Edwards)

"My working experience of the last 30 years has convinced me that policymakers' efforts to manage the economic cycle have actually made things far more volatile
 
Those prices you see on tv are PAPER gold prices. Just try to get that with any reasonable premium at your local dealer.

There seem to be 2 market prices for gold; real physical gold and the paper 'promise to pay gold'.
 
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