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Gold price dives through support to new low. Gold Bubble continues to deflate.; Gold price to drop another 15% this year say strategists at Societe Generale
Topic Started: 3 Apr 2013, 10:29 AM (37,662 Views)
peter fraser
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Gazo
18 Sep 2013, 11:14 PM
Only gold?
India has just increased their import duty on gold by another 5%

So yes mainly gold.
Any expressed market opinion is my own and is not to be taken as financial advice
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MMM
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peter fraser
19 Sep 2013, 12:04 AM
Gazo
18 Sep 2013, 11:14 PM
Only gold?
India has just increased their import duty on gold by another 5%

So yes mainly gold.
Hello Peter

just to be a bit more clearer on this ,I believe the increase was only on jewerllery only ,and has increased from 10% to 15% on both gold and silver jewerlery only and not on gold bars .

gold and silver both up overnight, silver up over 5%.

so much for the bs talk of easing off of the stimulus, the US is not improving it is getting worse by the day.

If it was actually improving they could cut the stimulus joke of 85 billion a month, lets say that again and think closely,85 BILLIOBN PER MONTH, PER MONTH. can you people really comprehend this joke.

The moment the stimulus is reduced is the day their economy goes downhill even faster, like I said last time last pulling a plug on the bath of their economy.

Where do you all think their economy would be without this absolute bs going on, Ill tell you ,it would be collapsing like no tommorow and collapsing markets all around the world, china wont give them shit for much longer ,either will anybody else,they are getting sick of giving away free stuff, its already dirt cheap. soon they will want some real assets like gold ,not printed confetti. china and the arabs now trade with gold and oil and bypass the US dollar.

I repeat ,the US is not improving, anybody who thinks this is deluded and being lied to.



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herbie
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Well, the shiny shit was pretty much always gunna go vertical one way or the other last night - 'N bugger me if it wasn't vertical UP! :lol - It and the Aussie peso ta boot ... :re:
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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goldbug
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Frank Castle
18 Sep 2013, 04:51 PM
Down to $1297

Silver getting the shit kicked out of it as well, down 40% :lol
Frank frank frank. First you put your foot in your mouth several times about the property market up in Brisbane and now you are making yourself look like a fool by assuming you know anything at all about the gold market. When will you learn frank? Never probably.

The current spot gold price is $1361.5 per oz

Gold now rose above its 100-day moving average at $1,350,

You really are just a country bumkin
:lol



Posted Image




[/b]
Quote:
 

1 hour 11 minutes ago
* Gold notches largest one-day rally since June 1, 2012 * Fed cites strains in U.S. economy, high mortgage rates

Physical buying across the Asian region continues to spike, with Japan's biggest gold retailer saying that demand in the June quarter was triple that of the preceding three months, while imports by India have now surpassed 900 metric tonnes in 2013 - which is up from 860 tonnes in 2012.

China's demand for gold remains very strong, with the country set to pass India as the largest bullion consumer - potentially before the end of this year.

Last week the London-based World Gold Council said that China's purchases may surpass 1000 tonnes in 2013, up from 817 tonnes.

China is currently the world's biggest gold producer with over 400 tonnes last year, which highlights the vast gap between domestic production and demand.
Edited by goldbug, 19 Sep 2013, 09:25 AM.
Shadow was hopelessly wrong about the Gold Bull Market.
What else is he wrong about?
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peter fraser
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MMM
19 Sep 2013, 09:11 AM
Hello Peter

just to be a bit more clearer on this ,I believe the increase was only on jewerllery only ,and has increased from 10% to 15% on both gold and silver jewerlery only and not on gold bars .

gold and silver both up overnight, silver up over 5%.

so much for the bs talk of easing off of the stimulus, the US is not improving it is getting worse by the day.

If it was actually improving they could cut the stimulus joke of 85 billion a month, lets say that again and think closely,85 BILLIOBN PER MONTH, PER MONTH. can you people really comprehend this joke.

The moment the stimulus is reduced is the day their economy goes downhill even faster, like I said last time last pulling a plug on the bath of their economy.

Where do you all think their economy would be without this absolute bs going on, Ill tell you ,it would be collapsing like no tommorow and collapsing markets all around the world, china wont give them shit for much longer ,either will anybody else,they are getting sick of giving away free stuff, its already dirt cheap. soon they will want some real assets like gold ,not printed confetti. china and the arabs now trade with gold and oil and bypass the US dollar.

I repeat ,the US is not improving, anybody who thinks this is deluded and being lied to.


If it wasn't apparent to you before, it should be very apparent now.

It's only the psychological aspect of QE that is holding gold up.

The whole world is climbing back up, as it must. Nothing stays the same. Property is now rising quickly, but you sold your property.

You prepared for the bad times after the bad times had already started. For a little while it worked, but not for long enough for you to take advantage.

In the good times you prepare for the bad, and in the bad times you prepare for the good.

Sorry.
Any expressed market opinion is my own and is not to be taken as financial advice
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Frank Castle
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Business As Usual

goldbug
19 Sep 2013, 09:23 AM


The current spot gold price is $1361.5 per oz

Gold now rose above its 100-day moving average at $1,350,

What a shame you paid a lot more for it than that eh :re: :lol

Now go back and keep talking with MMM and Ted
Only a couple more minutes until the nurse comes around with your meds

Posted Image

]
Edited by Frank Castle, 19 Sep 2013, 10:04 AM.
Ignore posts by The Whole Truth · View Post · End Ignoring
The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
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goldbug
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peter fraser
19 Sep 2013, 09:45 AM


You prepared for the bad times after the bad times had already started. For a little while it worked, but not for long enough for you to take advantage.

In the good times you prepare for the bad, and in the bad times you prepare for the good.

Sorry.
No, he probably did the right thing, because the world is not on the mend Peter. An Australia especially. The GFC was like the stock market crash of 1929, very much like it. Now we have had 4+ years of failed rescue attempts, just like after 1929, and we are fast approaching the final leg down that will wipe out most currently popular asset classes.

I know you are in the financial industry with a good knowledge of markets but back in the early 1930's all the leading experts then agreed that the recover was strong and that all would return to pre-1929 norms too. But they were all wrong, the economies of the world collapsed for a decade. Being on the inside does not imply you are right. Quite the opposite in fact.
Shadow was hopelessly wrong about the Gold Bull Market.
What else is he wrong about?
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Frank Castle
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Business As Usual

goldbug
19 Sep 2013, 10:04 AM
No, he probably did the right thing
And on cue, the crazy fucker starts talking to himself :re:
Nurses obviously bring the medication around at 9-30 on a Thursday eh? :wak:
Ignore posts by The Whole Truth · View Post · End Ignoring
The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
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goldbug
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Frank Castle
19 Sep 2013, 10:03 AM
What a shame you paid a lot more for it than that eh :re: :lol
But I didn't Frank, I didn't :lol
I'm still well up, and you still look like an idiot for all your bad calls and pathetic property investment stumblings. Time to crawl back to rocky and your flooders eh :lol


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Shadow was hopelessly wrong about the Gold Bull Market.
What else is he wrong about?
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Shadow
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Evil Mouzealot Specufestor

goldbug
19 Sep 2013, 09:23 AM
The current spot gold price is $1361.5 per oz
But that's still 25% below where it was a year ago when you blustered onto this forum (as FrankRider - a separate entity to the MMM/Ted/Dave289 entity), telling us to load up on gold. So that's a massive fail for you (and for Ted). Of course when the gold price crashed you had to ditch your FrankRider identity and rejoin as goldbug to keep trying to convince us gold was a good investment. No doubt as gold continues to crash you'll rejoin with a host of new identities, each new identity having loaded up below whatever the current gold price is and making a huge profit... :re:

I know you're Frankrider because you're the only two people who constantly make the mistake of thinking house prices are back to 2002 levels in real terms.

So... tell us why you ditched your old handle... not man enough to face up to your epic failures?
Edited by Shadow, 19 Sep 2013, 10:14 AM.
1. Epic Fail! Steve Keen's Bad Calls and Predictions.
2. Residential property loans regulated by NCCP Act. Banks can't margin call unless borrower defaults.
3. Housing is second highest taxed sector of Australian Economy. Renters subsidised by highly taxed homeowners.
4. Ongoing improvement in housing affordability. Australian household formation faster than population growth since 1960s.
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