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PM Crash

PostPosted: Wed Aug 24, 2011 10:44 am
by rexmerdinus
Just getting some opinions here from guys who probably know more about the market than I do...

What do you think would have to happen for silver and/or gold to drop back to the level of, say, five years ago? And with the manipulations in the market, do you think such a drop, either sudden or gradual, could be artificially engineered?

rex

Re: PM Crash

PostPosted: Wed Aug 24, 2011 10:59 am
by Rodebaugh
Well, there is the million dollar question(s).

Lets have a go at it.

What do you think would have to happen for silver and/or gold to drop back to the level of, say, five years ago?........High Bond Rates.....decreasing national debt obligations

And with the manipulations in the market, do you think such a drop, either sudden or gradual, could be artificially engineered? Yes......when you make the rules and have most of the chips....you control the game.

Re: PM Crash

PostPosted: Wed Aug 24, 2011 11:03 am
by Oakair
This is crazy stuff here!

Gold is free-falling...The chart looks much crazier than that of silver, even though silver is at a larger percentage loss...

This too shall pass...They can only delude/dupe the masses for so long

Re: PM Crash

PostPosted: Wed Aug 24, 2011 11:06 am
by Country
Pure market manipulation ahead of the Davo meeting in Switzerland. You get occasional severe corrections in on ongoing BULL market. Have some CASH ready to BUY MORE when things settle. :|

Re: PM Crash

PostPosted: Wed Aug 24, 2011 11:49 am
by inflationhawk
Gold takes the stairs up and the elevator down. This correction is a good thing in the medium to long term and is welcome in my book.

Re: PM Crash

PostPosted: Wed Aug 24, 2011 12:14 pm
by Mossy
rexmerdinus wrote:Just getting some opinions here from guys who probably know more about the market than I do...

What do you think would have to happen for silver and/or gold to drop back to the level of, say, five years ago? And with the manipulations in the market, do you think such a drop, either sudden or gradual, could be artificially engineered?

rex

Back to 5 years ago? The second coming.

The market manipulators are trying to prevent a meltdown, and we will have one eventually, but they have to be careful as being too heavy handed could blow up in their face. Physical diverging from futures will, IMO, be a big warning.

Re: PM Crash

PostPosted: Wed Aug 24, 2011 12:16 pm
by BOHICA
I thought it was because I finally bought some gold last night for the first time since it was $900/oz.

Re: PM Crash

PostPosted: Wed Aug 24, 2011 12:31 pm
by shinnosuke
rexmerdinus wrote:Just getting some opinions here from guys who probably know more about the market than I do...

What do you think would have to happen for silver and/or gold to drop back to the level of, say, five years ago? And with the manipulations in the market, do you think such a drop, either sudden or gradual, could be artificially engineered?

rex


Well, some perspective for us all, even though the drop is big, the current price was last seen about... 2 weeks ago. Don't lose any sleep over this gyration. Keep your purchasing pow(d)er handy for buying at a lower price.

Re: PM Crash

PostPosted: Wed Aug 24, 2011 12:33 pm
by Lemon Thrower
if you go back 5 or 10 years, yes pms are higher in dollars but there are more dollars. so the case for pms is even stronger now than before imho.

there is strong evidence the markets are manipulated so anything is possible. typcially markets retrace 38%, sometimes 50%. how long ago was it that gold was $900? 2 years ago? so to retreat to the 5 years ago price is what, $600?

to fall more than 50% would be astonishing for a number of reasons. first, it would be equal to a sudden 50% rise in the dollar. second, there is strong buying interest at every notch lower.

Re: PM Crash

PostPosted: Wed Aug 24, 2011 12:39 pm
by scrapper2010
The steep hill down just turned into a cliff. The question during the free fall is when to pull the trigger.

Re: PM Crash

PostPosted: Wed Aug 24, 2011 3:01 pm
by ardorlan
rexmerdinus wrote:Just getting some opinions here from guys who probably know more about the market than I do...

What do you think would have to happen for silver and/or gold to drop back to the level of, say, five years ago? And with the manipulations in the market, do you think such a drop, either sudden or gradual, could be artificially engineered?

rex


Cheap gold creation technology =)

Re: PM Crash

PostPosted: Wed Aug 24, 2011 3:09 pm
by ardorlan
scrapper2010 wrote:The steep hill down just turned into a cliff. The question during the free fall is when to pull the trigger.


The US Mint is selling gold again, so maybe when they stop sells -again- would be a good time to buy? (I dont know what I am talking about)

http://mintnewsblog.com/2011/08/us-mint ... unchanged/

Re: PM Crash

PostPosted: Wed Aug 24, 2011 3:42 pm
by Tourney64
Pure market manipulation changing margin requirements suddenly. Margin requirements can only be manipulated up to 100%. These market manipulating commodity exchanges should be investigated. The need to learn that the only gold and silver to own is physical. The paper isn't supported by the real stuff, because it oversold and doesn't exist.

Re: PM Crash

PostPosted: Fri Sep 02, 2011 4:25 pm
by ardorlan
ardorlan wrote:
scrapper2010 wrote:The steep hill down just turned into a cliff. The question during the free fall is when to pull the trigger.


The US Mint is selling gold again, so maybe when they stop sells -again- would be a good time to buy? (I dont know what I am talking about)

http://mintnewsblog.com/2011/08/us-mint ... unchanged/


http://mintnewsblog.com/2011/09/gold-an ... yet-again/

The US Mint stop sells -yet again-, so now would be a good time to buy?