http://www.zerohedge.com/news/2013-04-1 ... -gold-drop
The rapidity of gold's drop is impressive, concerning, and disorderly. We have seen two other such instances of disorderly 'hurried' selling in the last five years. In July 2008, gold quickly dropped 21% - seemingly pre-empting the Lehman debacle and the collapse of the western banking system. In September 2011, gold fell 20% in a short period - as Europe's risks exploded and stocks slumped prompting a globally co-ordinated central bank intervention the likes of which we have not seen before. Given the almost-record-breaking drop in gold in the last few days, we wonder what is coming?
Steep Drop in Gold Foreshadowed Past Events
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Steep Drop in Gold Foreshadowed Past Events
by 93_Confirmed » Mon Apr 15, 2013 6:05 pm
"When you place an order at NWT, they write it down on a slip of paper and hand it to a guy with a pickaxe who rides off to the Pan American mine on a donkey". - natsb88
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93_Confirmed - Penny Collector Member
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Re: Steep Drop in Gold Foreshadowed Past Events
by blackrabbit » Mon Apr 15, 2013 6:38 pm
Probably war and a police state crackdown on us, considering the coinciding bombings. I hope I am too negative though.
"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered....The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."
-Thomas Jefferson
-Thomas Jefferson
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blackrabbit - Post Hoarder
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Re: Steep Drop in Gold Foreshadowed Past Events
by 68Camaro » Mon Apr 15, 2013 7:25 pm
93_Confirmed wrote:http://www.zerohedge.com/news/2013-04-15/what-happened-last-time-we-saw-gold-drop
The rapidity of gold's drop is impressive, concerning, and disorderly. We have seen two other such instances of disorderly 'hurried' selling in the last five years. In July 2008, gold quickly dropped 21% - seemingly pre-empting the Lehman debacle and the collapse of the western banking system. In September 2011, gold fell 20% in a short period - as Europe's risks exploded and stocks slumped prompting a globally co-ordinated central bank intervention the likes of which we have not seen before. Given the almost-record-breaking drop in gold in the last few days, we wonder what is coming?
Correlates with this view below, the full origin of which I haven't been able to re-create, but was from an analyst last year who said to watch out for a market peak in the first 2-5 months of 2013 followed by a PM crash. A full-up crash of the entire market would likely follow between May and October.
viewtopic.php?f=9&t=23027&start=25#p216359
In the game of Woke, the goal posts can be moved at any moment, the penalties will apply retroactively and claims of fairness will always lose out to the perpetual right to claim offense.... Bret Stephens
The further a society drifts from the truth, the more it will hate those that speak it. George Orwell.
We can ignore reality, but we cannot ignore the consequences of ignoring reality. Ayn Rand.
The further a society drifts from the truth, the more it will hate those that speak it. George Orwell.
We can ignore reality, but we cannot ignore the consequences of ignoring reality. Ayn Rand.
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68Camaro - Too Busy Posting to Hoard Anything Else
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