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The Masked Tulip

Um, Gold

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I think it is worth pointing out here for those who do not follow the price of gold that it has plunged today and is now about 5 bucks short of breaking the 1500 buck level - it is supposed to go into free-fall if it goes below 1500.

It is taking silver down with it.

Perhaps those in the know know that Ben is going to raise US IRs at close of business tonight :lol:

Edited by The Masked Tulip

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I think it is worth pointing out here for those who do not follow the price of gold that it has plunged today and is now about 5 bucks short of breaking the 1500 buck level - it is supposed to go into free-fall if it goes below 1500.

It is taking silver down with it.

I hear they are getting out of gold and into bits of coin. :P;)

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Perhaps those in the know know that Ben is going to raise US IRs at close of business tonight :lol:

I would expect Treasury bonds to be dropping also if that were the case.

This looks restricted to PMs.

Confiscation being considered by TPTB? :ph34r:

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Gosh, you can't discuss anything on here these days without threads and posts being moved.

Gold now below 1500 which I think is relevant.

Thanks for posting it - brought it to my attention. If it goes much lower and seems to be trending I may sell to cash in my gains and wait for an opportunity to buy back in.

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If it goes much lower and seems to be trending I may sell to cash in my gains and wait for an opportunity to buy back in.

General observation, if everyone else thinks this then the price will tank. :o

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General observation, if everyone else thinks this then the price will tank. :o

I hope so! I want to move at least half my holding from allocated gold to sovs anyway and this could be a great opportunity to do so and increase my overall holding ;)

If anyone believes that this crisis is over and there aren't going to be more major shocks in the mid-near term, they are kidding themselves. Maybe people are foreseeing a period of rampant inflation fuelled 'recovery' and are cashing in to take advantage of other assets when that happens.

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Good buying opportunity -- I couldn't catch the bottom at $1491.10, but managed to send in an order to APMEX at $1502.20

If gold is significantly below $1500 a few days from now, I might order up some more.

If silver gets down to the low 20's, I might be tempted to pick up some junk silver, if they're not sold out.

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Gosh, you can't discuss anything on here these days without threads and posts being moved.

Gold now below 1500 which I think is relevant.

I wouldn't be to concerned, threads linger longer in its own specialised place......anyway more people will read it simply because they are inquisitive and like to know why it was moved. ;)

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Good buying opportunity -- I couldn't catch the bottom at $1491.10, but managed to send in an order to APMEX at $1502.20

If gold is significantly below $1500 a few days from now, I might order up some more.

If silver gets down to the low 20's, I might be tempted to pick up some junk silver, if they're not sold out.

Fair tactic.

No doubnt we are at multi year lows right here.

However, if - as our firm has been saying for 2 years - US$ continues to rally this will be headwind to PMs. ST bounce likely. However, MAJOR support has been broken. if it cannot get back aboe and stay above this thing is going down to sub 1200.

It's all about the $...which has been rising for 2 years.

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Fair tactic.

No doubnt we are at multi year lows right here.

However, if - as our firm has been saying for 2 years - US$ continues to rally this will be headwind to PMs. ST bounce likely. However, MAJOR support has been broken. if it cannot get back aboe and stay above this thing is going down to sub 1200.

It's all about the $...which has been rising for 2 years.

shhhh, HPC, like any good centurion for being on the wrong side was posting numerous articles about the wonders of CHF and imminent hyperwyperinflationation of USD two years ago

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Is this the disconect between paper gold and physical? i see on ebay that sovs are still fetching 270. Plus hatton garden metals are showing as none available.

I keep an eye on sovereigns as I would like to buy a few, though am not really a fan of them as an investment. I'm waiting for them to start reflecting the falls though.

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Thanks for posting it - brought it to my attention. If it goes much lower and seems to be trending I may sell to cash in my gains and wait for an opportunity to buy back in.

A big manipulation downwards is now in progress. Those evil banks are at it and they will KNOW just when to say BUY to their zillionaire investors , who in turn will pay vast feees and profits to them, as the banks piggy away themselves on the same disgusting dish at everyone elses expense. ....LOL :lol:

Edited by plummet expert

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the time to step aside was when it got enough frenzy to get a pinned thread on here "general public interest" it may be worth buying again when theres a majority of HPC articles saying its sh!te

Sentiment has already been at record lows for some time.

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Gosh, you can't discuss anything on here these days without threads and posts being moved.

Gold now below 1500 which I think is relevant.

Yep, it's been an interesting day for PMs.

Currently down about $80 to $1483 and maybe still has a way to go.

It will be interesting to see if we can get good analysis on reasons for today's bloodbath.

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Sentiment has already been at record lows for some time.

I somewhat agree and had been expecting a new rise for precisely that reason.

If sentiment was poor before this event, I wonder what it will look like next week?

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We had a technical sell off in 2008 because there was a global liquidity squeeze. It was then cancelled when it went higher than its breakdown (became neutral), and then became a bullish buy signal when it made new highs. However this time which I feel is slightly different, the CRB commodity index has shown weakness, which is confirmed by the constituents within it. Jesse Livermore describes the importance of group action (e.g. Platinum, Pladium Silver, as well as gold). It will take some time for gold to recover, unless there are unknown, unknowns.

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http://uk.finance.yahoo.com/news/after-12-years-of-boom-gold-prices-bust-175201756.html

It's gone mainstream if it's on Yahoo. Does this mean that Cyprus will have to sell even more of it if the price keeps dropping. Also if the likes of Italy with their massive gold reserves were looking at this as a way of getting in some cash, they must be starting to think they've missed the boat. If it keeps going lower, will there be a point where we can buy back everything that Gordo sold and then hold until the next boom?

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  • 243 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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