Gold Cartel Licking Wounds

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Gold Cartel took a beating this month

Category:

News & Politics

Tags:

• gold cartel
• gold silver
• gold and silver
• stellaconcepts
• silver bullion
• gold bullion

[a8865686]

John, you might be wrong on this one. Roubini is warning of an imminent short covering rally in the dollar which may lead to a global market crash. Not saying he's always right, but the chart patterns/trading volume in silver, gold, the dollar and the stock market seem to point in one direction. I feel like a traitor, but I've just converted to being a dollar bull. The aftermath of this crash will be some wonderful buying opportunities in silver. Perhaps finally the last chance for cheap silver.

[stellaconcepts]

we'll see.. i dont agree with that theory - its a popular one - hes not the only one calling it.

time will tell... besides - another pullback - another chance to pick up cheap metals.

long term fundamentals of silver and gold only get better and better.

part of me wants him to be right. but I can't agree - any rally in the dollar will be small I think

[AustralianinfoWars]

What about Silver John Silver brother???

[stellaconcepts]

silver is all about gold at the moment.

[frankabler]

I loaded the boat last week at 17.50/oz. 620 American Eagles, 500 Canadian Maples, and 1,350 Generic 1 oz rounds. I could care less if spot is at 16.75 now. Spot will blow past 17.50/oz soon. If youre not in gold and silver related assets youre going to lose 60% to 95% of your wealth. Later...

[stellaconcepts]

me too mate... and will keep buying.

[tradergee1]

Technically I think the metals will pull back further for a day or two and if they do, load the boat! Thanks mate.

[KhmerD0g]

be patient. economic collapse is a process. it's coming. there is no way to stop it especially here in the U.S.

CIT filed for bankruptcy. it was the 4th largest company to file for bankruptcy.

[mallamoozoo]

Well october is over and nothing major happened as it was supposed to. When are we gonna get rich from silver? Im tired of waiting!

[omarm1984]

Gotta like gold today. It only ended -0.6% in a day where the s&p had -3% day. With silver down almost 3% today you get an idea of where some of those gold buyers are coming from

[formulaprimer]

Your analysis is only right if China doesn't come in to prop up the gold price. Even though gold and silver prices is the paper contracts it still has some support from the China's buying power.

[formulaprimer]

marc faber in less than a decade US dollar will be wall paper. I don't get caught up in all this short term nonsense. The long term we all know what is coming, Just keep buying all the gold and silver for the next decade. It will be the best retirement plan ever !!!

[slobomotion]

Yes, of course, the China situation makes it interesting. The government there won't tolerate it going much below 600 max, and they are now forbidden to export it.

[slobomotion]

I'm even looking for the Dow to approach 5000 at some point in 2010. I'm always off when I do this, though. It will surely go near.

Metals are a good long-term investment -- up to ten per cent. of almost any portfolio should include precious metals.

[slobomotion]

Heh heh, my French spouse and I have had to deal with German tourists in shared food situations. They always take it all for themselves and their families, leaving NOTHING for anyone else! Amazing, but we've seen this time and again.

[slobomotion]

I agree with you.