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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 (37,661 Views)
Frank Castle
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Business As Usual

goldbug
19 Sep 2013, 10:07 AM
But I didn't Frank, I didn't :lol



I'm sure MMM and ted will agree with you
Quote:
 
Time to crawl back to rocky and your flooders eh :lol

Well they pay a hefty yield each and every week which is more than you can say for your metal
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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Blondie girl
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Ummmm
Seriously, gold nuts, it's NOT looking pretty, precious is just not feeling precious.

Be very careful, grumpy gold diggers, it's all hands on deck.

:pop:
Newjerk? can you try harder than dig up another person's blog. My first promo was with Billabong and my name in English is modified with a T, am Perth born but also lived in Sydney to make my $$
It's Absolutely Fabulous if it includes brilliant locations, & high calibre tenants..what more does one want? Understand the power of the two "P"" or be financially challenged
Even better when there is family who are property mad and one is born in some entitlements.....Understand that beautiful women are the exhibitionists we crave attention, whilst hot blooded men are the voyeurs ... A stunning woman can command and takes pleasure in being noticed. Seems not too many understand what it means to hold and own props and get threatened by those who do.
Banks are considered to be law abiding and & rather boring places yeah not true . A bank balance sheet will show capital is dwarfed by their liabilities this means when a portions of loans is falling its problems for the bank.
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GloomBoomDoom
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Edited by GloomBoomDoom, 19 Sep 2013, 10:47 AM.
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Admin
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Price of gold jumps on Fed decision

By Emiko Terazono in London

Gold jumped 4 per cent on the US Federal Reserve’s decision to maintain its easy monetary policy, recovering the $1,300 level it had breached during earlier trading.

The yellow metal, which fell as much as 1.4 per cent to $1,291.34 a troy ounce before the Fed statement, rose to $1,364.25.

Analysts said traders and investors were expected to keep a close eye on the currency markets in the aftermath of the Fed’s decision.

“The US dollar reaction as always will be key for gold,” said James Steel, analyst at HSBC in New York.

Over the past week, gold bears have taken the opportunity for the fall in geopolitical risk in Syria to sell gold.

While worries of an escalation in the Syrian conflict have provided support for the precious metal, those concerns have diminished after the agreement between the US and Russia over the country’s chemical weapons hoard.

The rally and the sell-off in gold prompted by the news flow out of the Middle East suggest that “the Syria premium has disappeared”, said Goldman Sachs.

The next US policy event that is likely to affect gold prices is the negotiations over the US debt ceiling.

Goldman said concerns about the debt ceiling could “support gold prices near term” despite expectations of an ultimate agreement. The Wall Street bank is neutral on gold until the end of this year.

However, it expects the yellow metal to resume its “decline heading into 2014 when we expect economic data to solidly confirm a reacceleration in US growth”, it said, forecasting gold to be at $1,050 at the end of next year.

On the tapering risks, analysts also pointed to pressure on emerging market countries.

Any turmoil in emerging market currencies, which affects their foreign currency reserves and current accounts, could weigh on gold prices as it could force such countries to slow their domestic purchases of the yellow metal and imports.

Physical demand for gold in India has been hit by the weakness in the rupee.

The Indian government this week increased import duty on gold and silver jewellery from 10 to 15 per cent, although tariffs on gold bars remained unchanged at 10 per cent.

Analysts said because jewellery demand in India is considerably more important than for coins and bars, the higher import duty is still likely to have a negative effect on gold demand in India

In China, where price-sensitive buyers have been active after prices fell below $1,400, purchases have eased off over the past few weeks.

Credit Suisse said Hong Kong premiums over London prices had fallen back and said investors there were waiting for a return in upward momentum for the yellow metal.

Read more: http://www.ft.com/cms/s/0/9fd7fae4-2071-11e3-b8c6-00144feab7de.html#axzz2fI86BMnG
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Catweasel
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Catweasel say crikey.

Vampire the Squid turn up in a gold almost a daily.

Many the speculator make a money in the night,

by bet against,

and rascals anti-narrative on the gold,

might be a die for day or the 2.

But who the know what a happen tomorrow?
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Gazo
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Catweasel
19 Sep 2013, 11:06 AM
Catweasel say crikey.

Vampire the Squid turn up in a gold almost a daily.

Many the speculator make a money in the night,

by bet against,

and rascals anti-narrative on the gold,

might be a die for day or the 2.

But who the know what a happen tomorrow?
Yes Catweasel, the Vampire Squid made good speculation, especially this one who bought a way more than average 4,300 futures contracts 5 mins before the announcement.

Posted Image

Would a retail investor do this? I don't think so.
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MMM
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Who knew what early, anybody that knows that the US is not improving and will only start collapsing once the stimulus is decreased, they will be increasing it , probably a number of times before it eventually collapses around the 20 trillion dollar mark if not before that. Its amazing how they have so may people completely fooled and bluffed by there bs which has been shown with preciuos metals declines over recent times.
Most people are sheeple proven time and time again and simply have no idea at all.
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Catweasel
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Rascals and a sandpit probably a unaware.

But there the be some the orgasmic trade in a Asia of a today.

And Mrs the Catweasel rightly the punt that relate to a commodities,

include the anti-metal.

Many the big smiles.

For the now.
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goldbug
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MMM
19 Sep 2013, 12:51 PM
Who knew what early, anybody that knows that the US is not improving and will only start collapsing once the stimulus is decreased,
Most people are sheeple proven time and time again and simply have no idea at all.
Of course. The insiders knew all along, and blind freddy can see that they can never taper anyway. If they ever appear to you can be assured they will have created another enity or a secret window at the fed to continue the game. You simply cannot reduce the debt when it gets to those levels because you have spent years into the future and only more debt can allow the game to go forward.

The average person never looks at the deep implications, they hang off the sound bites and believe what they neet to believe to maintain their sanity.
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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goldbug
19 Sep 2013, 10:04 AM
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.
No I really don't have much knowledge of international markets. I'm just not in them at all.

I do think that pointing at the great depression of the 1930's and saying that it's just like now is a grave mistake and over simplistic though. There are many similarities, but many dissimilarities as well.

In my view and experience, the recession of 1974 was different to 1981 which was different to 1991 which was different to 2002 which was different to 2008.

But I'm sure that you will still stack up all of your gold and hope for the best.
Any expressed market opinion is my own and is not to be taken as financial advice
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