FeverIam - now you can panic. USD at 75.99

FeverIam - now you can panic. USD at 75.99

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News & Politics

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[formulaprimer]

The thing is that when 90% or more are bullish on gold and silver that means the buyers are almost all in the the sellers are are not there. The market flushed out the speculator shorters now we will see if the real demand is truly there. The US inflated the market huge so earnings should be heavily inflated during earnings season. Expect earning surprises like ALCOA.

[stellaconcepts]

there are more shorts in the market in gold.

[Nuanceqwest]

If the Dollar can make it through the night, it'll be ok.

[stellaconcepts]

gold just hit 1060 dollar 75.90

[curtcoffee]

The fat lady just stood up, has opened her mouth and is drawing a deep breath.

[slobomotion]

I mentioned the banks holiday that may occur in the U.S.A. to the supermarket cashier yesterday and she was so shocked, she almost couldn't function. She had no idea -- if her reaction is an indication, the world is about to REEL! Greetings from France.

[FeverIAm]

USD at hair over 0.74 . Silver was at $18 when you recorded this! Ah the days

I think S&P announcement is taking it's toll. $45.74 silver is also a reflection of the "trust" the world has for USD and the debt controlled system. Ben has been trying everything to slow it; but of course we saw the signs so long ago.

We knew it was coming; I will be "excited" as I watch over the next 12-18 months. Lies will continue to be spun. In the end there is only one way the USD can go.

Peace and Love

[Mastinox803]

I feel resistance levels are bogus in the PM/FX markets. The money masters that manipulate the market use tech data investors to predict the market and make their move. You may win sometimes, but ultimately they will use your predictable behavior to dominate the market.

They are losing their grip, but still have some control.

[DocBrewster]

Could the aussie dollar really go to US$10 just coz a small market like gold goes up 10 times? I would have thought not, but over the past year it seems indeed that the aussie dollar has been directly proportional to the gold price - i dont even know how that can be - does it mean that our currency is PURELY a trading hedge against gold trades by big international players - our real economy being almost irrelevant in setting our currency exchange rate. That would be amazing.

[DocBrewster]

Lets say Gold goes to US$2000

Does anyone think Aussie dollar will go to US$1.80 - or will other factors come into play around $1.10 or somewhere well before then.

This is important as lets say the moonshot calls are right and gold goes to $5,000 and silver to US$500 - anyone who buys in non-US dollars may see almost no gain despite 5, 10, 20, 30 times price increase.

[comedytracker]

aud:usd = 0.905, buy USD?

[TormentedtheBand]

Its a weird feeling...scary times for the global economy and for the financial systems we trust in...but also a good time for precious metals investors....should we feel guilty for profiting from this crisis??? Or have we just invested wisely?? I know I've done everything I can to warn my friends, family and co-workers (I even started writing a blog). These are history times.

[snakecharmer133]

First deflation (what we are seeing now) the inflation, it comes from the fact that the economy is slower then the printing of money. First the holes are filled up and then the money spill over into the economy.

[minimoo2000]

Your right, it's not looking good, thanks for the email

[buzzz121]

Its my guess there was a lot of short selling of gold for profits, but not silver.