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<<<Commodities ROLLER COASTER ride>>>Spot Gold (-3%) Silver (-3%) Platinum (-3%) 9/26/11 revised last 10:48amCDT

 
Oreo

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09/26/2011 04:13 AM
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Re: <<<Commodities ROLLER COASTER ride>>>Spot Gold (-3%) Silver (-3%) Platinum (-3%) 9/26/11 revised last 10:48amCDT
Gold making a comeback $1581...
 Quoting: Anonymous Coward 1341253


Gold making a comeback $1581...
 Quoting: Anonymous Coward 1341253


It's back over 1600 now. Silver rising too.
I like this site better than Kitco, Kitco is way too slow.

[link to www.netdania.com]
Anonymous Coward
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09/26/2011 04:15 AM
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Re: <<<Commodities ROLLER COASTER ride>>>Spot Gold (-3%) Silver (-3%) Platinum (-3%) 9/26/11 revised last 10:48amCDT
Just banks closing their gold positions and taking their profits to cover the abyssal losses in their balance sheets before the end of the month for their monthly report.
Otherwise it will look very very ugly.

The RSI for gold is already at the bottom, gold will not go further down.
It will go up again after the 1rst of October.
 Quoting: Anonymous Coward 1060909


was anybody able to buy on that "Huge" dip about 2 hours ago ?

I didn't think so, because most of the online dealers didn't work or gave a message that they were down for maintenance !
SmileyWink
Light in the Storm
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09/26/2011 04:23 AM
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Re: <<<Commodities ROLLER COASTER ride>>>Spot Gold (-3%) Silver (-3%) Platinum (-3%) 9/26/11 revised last 10:48amCDT
[link to goldsilver.com]

China threatened and has been in the process of liquidating U.S. Treasury reserves to buy physical assets.



. . . . . . . . . . . . .



My thoughts:

Could market manipulation be taking place to try to scare China into a reverse of that course. I doubt they will be frightened into running back to U.S. treasuries for safety this time. If anything, a perceived flight to safety in U.S. treasuries during a crash of the alternatives will help them off load their treasury holdings for a good price, and then they can turn around and buy physical assets on the cheap.

Who is really the power behind the scenes orchestrating all of this?
Butterfly girl

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09/26/2011 04:33 AM

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Re: <<<Commodities ROLLER COASTER ride>>>Spot Gold (-3%) Silver (-3%) Platinum (-3%) 9/26/11 revised last 10:48amCDT
notice how Americans were all sleeping and will be surprised to hear how low silver got...with no chance to buy

just wow...all I can say
To everything there is a season, and a time to every purpose under heaven... A time to weep, and a time to laugh; a time to mourn, and a time to dance....
Anonymous Coward
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09/26/2011 04:34 AM
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Re: <<<Commodities ROLLER COASTER ride>>>Spot Gold (-3%) Silver (-3%) Platinum (-3%) 9/26/11 revised last 10:48amCDT
Gold goes hyperbolic, that means the too big to fail zombie losers are about to buyout cheaper bullions later this week, weak hands will sell off their positions.
misanthropist

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09/26/2011 04:36 AM
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Re: <<<Commodities ROLLER COASTER ride>>>Spot Gold (-3%) Silver (-3%) Platinum (-3%) 9/26/11 revised last 10:48amCDT
this is how it works:

$2 was the old $1 back in the day...

then $5 was the new $2.. then about 10 years ago, $10 was the new $5.

a few years ago $20 was $10 and now.. $50 is the old $20..

witch all started from a dollar.

do you understand???

now, translate that into gold:

gold has been moving rapidly... it is getting more volatile,

apply the above dollar theory (100% proven!!) and we are heading into VERY LARGE SWINGS.

 Quoting: Anonymous Coward 1830575
Freedom From Fiat

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09/26/2011 04:37 AM
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Re: <<<Commodities ROLLER COASTER ride>>>Spot Gold (-3%) Silver (-3%) Platinum (-3%) 9/26/11 revised last 10:48amCDT
Just banks closing their gold positions and taking their profits to cover the abyssal losses in their balance sheets before the end of the month for their monthly report.
Otherwise it will look very very ugly.

The RSI for gold is already at the bottom, gold will not go further down.
It will go up again after the 1rst of October.
 Quoting: Anonymous Coward 1060909


was anybody able to buy on that "Huge" dip about 2 hours ago ?

I didn't think so, because most of the online dealers didn't work or gave a message that they were down for maintenance !
SmileyWink
 Quoting: Anonymous Coward 1315838


I bought 20 oz at $27 and change. I'm thinking we'll go lower over the next couple of months until the next QE is announced, so 20 oz every couple of weeks is what I plan on budgeting until then.

Now is the time to buy, not sell.

HOLD FAST!
Freedom From Fiat

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09/26/2011 04:38 AM
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Re: <<<Commodities ROLLER COASTER ride>>>Spot Gold (-3%) Silver (-3%) Platinum (-3%) 9/26/11 revised last 10:48amCDT
Just banks closing their gold positions and taking their profits to cover the abyssal losses in their balance sheets before the end of the month for their monthly report.
Otherwise it will look very very ugly.

The RSI for gold is already at the bottom, gold will not go further down.
It will go up again after the 1rst of October.
 Quoting: Anonymous Coward 1060909


was anybody able to buy on that "Huge" dip about 2 hours ago ?

I didn't think so, because most of the online dealers didn't work or gave a message that they were down for maintenance !
SmileyWink
 Quoting: Anonymous Coward 1315838


I bought 20 oz at $27 and change. I'm thinking we'll go lower over the next couple of months until the next QE is announced, so 20 oz every couple of weeks is what I plan on budgeting until then.

Now is the time to buy, not sell.

HOLD FAST!
 Quoting: Freedom From Fiat


FYI, APMEX is where I bought from.
Anonymous Coward
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09/26/2011 04:41 AM
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Re: <<<Commodities ROLLER COASTER ride>>>Spot Gold (-3%) Silver (-3%) Platinum (-3%) 9/26/11 revised last 10:48amCDT
How is the dollar the safe haven right now as we print and print and print?
 Quoting: Anonymous Coward 1545804


EXACTLY! The dollar is NOT safe. Buy the metals while they are cheap. Sell high.
This is just an incredible buying opportunity.
 Quoting: Butterfly girl


Yeah you'll make a small fortune...as long as start with a LARGE FORTUNE...I've never seen metals so over panic bought in my life as they have over the last couple of years...all that ZOMFG BUY GOLD TO SAVE YOURSELVES!!! NOW!!! AHHHH!!!!....that bullshit was sales genius...
 Quoting: SHR


putin Not sure people are getting the bigger picture here
Uncle Fester
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09/26/2011 04:49 AM
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Re: <<<Commodities ROLLER COASTER ride>>>Spot Gold (-3%) Silver (-3%) Platinum (-3%) 9/26/11 revised last 10:48amCDT
Don't get sucked in by this correction.

When they crash the Spot Price as dramatic as they are now.

You can bet vultures are hiding in the bushes ready to snap up every last penny of a panic sellers goods.

Do Not Panic.

If you think U.S. Treasuries and U.S. dollars are a "SAFE HAVEN" then go for it.

It's almost MELODRAMATIC. I can just see the "Fair Maiden" tied to the railroad tracks now.
Anonymous Coward
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09/26/2011 04:51 AM
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Re: <<<Commodities ROLLER COASTER ride>>>Spot Gold (-3%) Silver (-3%) Platinum (-3%) 9/26/11 revised last 10:48amCDT
Oct 6. Wait for it.
 Quoting: Mojofabulous


it will absolutely go up again, I tend to think very dramatically.
Anonymous Coward
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09/26/2011 04:52 AM
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Re: <<<Commodities ROLLER COASTER ride>>>Spot Gold (-3%) Silver (-3%) Platinum (-3%) 9/26/11 revised last 10:48amCDT
Don't get sucked in by this correction.

When they crash the Spot Price as dramatic as they are now.

You can bet vultures are hiding in the bushes ready to snap up every last penny of a panic sellers goods.

Do Not Panic.

If you think U.S. Treasuries and U.S. dollars are a "SAFE HAVEN" then go for it.

It's almost MELODRAMATIC. I can just see the "Fair Maiden" tied to the railroad tracks now.
 Quoting: Uncle Fester 1699109

chuckle
Anonymous Coward
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09/26/2011 04:52 AM
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Re: <<<Commodities ROLLER COASTER ride>>>Spot Gold (-3%) Silver (-3%) Platinum (-3%) 9/26/11 revised last 10:48amCDT
EXACTLY.

I think there is going to be a HUGE run up very soon, given other news.

Don't get sucked in by this correction.

When they crash the Spot Price as dramatic as they are now.

You can bet vultures are hiding in the bushes ready to snap up every last penny of a panic sellers goods.

Do Not Panic.

If you think U.S. Treasuries and U.S. dollars are a "SAFE HAVEN" then go for it.

It's almost MELODRAMATIC. I can just see the "Fair Maiden" tied to the railroad tracks now.
 Quoting: Uncle Fester 1699109
intothevoid

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09/26/2011 05:00 AM
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Re: <<<Commodities ROLLER COASTER ride>>>Spot Gold (-3%) Silver (-3%) Platinum (-3%) 9/26/11 revised last 10:48amCDT
[link to goldsilver.com]

China threatened and has been in the process of liquidating U.S. Treasury reserves to buy physical assets.



. . . . . . . . . . . . .



My thoughts:

Could market manipulation be taking place to try to scare China into a reverse of that course. I doubt they will be frightened into running back to U.S. treasuries for safety this time. If anything, a perceived flight to safety in U.S. treasuries during a crash of the alternatives will help them off load their treasury holdings for a good price, and then they can turn around and buy physical assets on the cheap.

Who is really the power behind the scenes orchestrating all of this?
 Quoting: Light in the Storm 1789828


The Templar Knights
Anonymous Coward
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09/26/2011 05:10 AM
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Re: <<<Commodities ROLLER COASTER ride>>>Spot Gold (-3%) Silver (-3%) Platinum (-3%) 9/26/11 revised last 10:48amCDT
[link to goldsilver.com]

China threatened and has been in the process of liquidating U.S. Treasury reserves to buy physical assets.



. . . . . . . . . . . . .



My thoughts:

Could market manipulation be taking place to try to scare China into a reverse of that course. I doubt they will be frightened into running back to U.S. treasuries for safety this time. If anything, a perceived flight to safety in U.S. treasuries during a crash of the alternatives will help them off load their treasury holdings for a good price, and then they can turn around and buy physical assets on the cheap.

Who is really the power behind the scenes orchestrating all of this?
 Quoting: Light in the Storm 1789828


The Templar Knights
 Quoting: intothevoid


apparently it cost the gnomes a Pyrrhic victory.....for that latest drop.
Anonymous Coward
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09/26/2011 05:46 AM
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Re: <<<Commodities ROLLER COASTER ride>>>Spot Gold (-3%) Silver (-3%) Platinum (-3%) 9/26/11 revised last 10:48amCDT
Just bought some more.
Anonymous Coward
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09/26/2011 05:51 AM
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Re: <<<Commodities ROLLER COASTER ride>>>Spot Gold (-3%) Silver (-3%) Platinum (-3%) 9/26/11 revised last 10:48amCDT
PM's will continue to have wild swings to deter the layman from buying in. How soon we forget that Soros has sold his metal positions earlier this year for what? Mining stocks Barrick Gold Corp. (NYSE: ABX) and Newmont Mining Corp. (NYSE: NEM) ! Soros is the head piece of TPTB and if you recall, he "broke England's bank" back in 1992 - now how he did he know that?? hmmm, I wonder, maybe at a Bilderberger meeting ?

Even If you don't believe me, that's fine. Currency is PROVEN to be just paper, printed for the security for the "dumb as bricks" people who think their dollar is really worth something (about 4 cents worth of paper and ink) with a "promise" from Uncle Sam to back it. Really? the U.S. government will PROMISE that my 4 cent piece of paper and ink is really worth $1,$5,$10,$20,$50, $100 that's a soothing though considering we are our highest debt EVER !! With QE3 to come no doubt.

And let's not forget some of the recent currency collapses such as Germany 1923 OR Argentina 2002 OR Zimbabwe 2004 OR Belarus 2011 (wikipedia calls it hyperinflation for the laymen who can't comprehend printing endless supplies of currency is bound for failure) Hell, the Euro is ONLY 16 years old and ready to fall apart - now that's a short run for a MAJOR currency eh?

So run and buy your municipal bonds if that's makes you feel better, or run to Swiss currency as so many are doing now, but please don't get too upset when you find out your currency's purchasing power has dwindled - besides, it leaves more PM's for the rest of us.
Anonymous Coward
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09/26/2011 05:53 AM
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Re: <<<Commodities ROLLER COASTER ride>>>Spot Gold (-3%) Silver (-3%) Platinum (-3%) 9/26/11 revised last 10:48amCDT
i've lost so much money over the past week. i feel like puking. i am totally done with pm's. anyone want to buy?
Anonymous Coward
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09/26/2011 06:13 AM
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Re: <<<Commodities ROLLER COASTER ride>>>Spot Gold (-3%) Silver (-3%) Platinum (-3%) 9/26/11 revised last 10:48amCDT
Cash is king, sell your comodities or lose everything!
resistor

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09/26/2011 06:14 AM
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Re: <<<Commodities ROLLER COASTER ride>>>Spot Gold (-3%) Silver (-3%) Platinum (-3%) 9/26/11 revised last 10:48amCDT
Wow....that's maybe the worst drop across the board I've seen...ever...
 Quoting: SHR


Yeah, crazy considering the Friday drop as well.
 Quoting: Anonymous Coward 856707


Is this bad when gold drops that quickly?
As the world surrenders to tyranny will you do the same thing?

Will you be able to stand your ground without faith?

Think about it!
resistor

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09/26/2011 06:15 AM
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Re: <<<Commodities ROLLER COASTER ride>>>Spot Gold (-3%) Silver (-3%) Platinum (-3%) 9/26/11 revised last 10:48amCDT
Cash is king, sell your comodities or lose everything!
 Quoting: Anonymous Coward 847175


Me thinks all the exchange stuff like gold silver and currencies are going to be worthless soon.

Buy stuff people this way your money won't be worth nothing as you've exchanged it for something...
As the world surrenders to tyranny will you do the same thing?

Will you be able to stand your ground without faith?

Think about it!
Anonymous Coward
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09/26/2011 06:33 AM
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Re: <<<Commodities ROLLER COASTER ride>>>Spot Gold (-3%) Silver (-3%) Platinum (-3%) 9/26/11 revised last 10:48amCDT
The big guys are cashing in their metals to raise cash. The only thing they have of value. They will go back up. BUY NOW!
Anonymous Coward
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09/26/2011 06:36 AM
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Re: <<<Commodities ROLLER COASTER ride>>>Spot Gold (-3%) Silver (-3%) Platinum (-3%) 9/26/11 revised last 10:48amCDT
I don't know much about metals, but does this mean for some good DOOM today?

(fereal)

5a
Stars-and-Bars

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09/26/2011 06:59 AM
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Re: <<<Commodities ROLLER COASTER ride>>>Spot Gold (-3%) Silver (-3%) Platinum (-3%) 9/26/11 revised last 10:48amCDT
metals were hot-now they not; must be some kind of sector rotation going on?
 Quoting: HANGFIRE


The only thing that's up is MEAT. Live cattle, lean hogs, both up 0.5%.
 Quoting: Anonymous Coward 1533774


Lol...yeah we'd be better off right now having the dollar on the "Meat Standard" than a gold standard...the only thing stable about gold for the last 3 years has been the supply...the price is a monster bubble...eventually it's going to pop.
 Quoting: SHR



I totally disagree. There is no gold bubble -- there is a dollar pit. The FEDS have managed to totally devalue the dollar with their hyperinflationary policies. We are $14.8 trillion in debt; have $80 trillion in unfunded liabilities; have $500 trillion in derivatives for which we are responsible for 'toxic assets' and other worthless "assets." The Titanic's bow is under the water; we're down to the last smoke stack; the bow is being hoisted into the air. Jack and Rose are climbing over the back rail and the bridge is under water. Hold your breath and jump when I tell you and don't let go and swim with all your might.

alliedstates
--
From time to time, the tree of liberty must be watered with the blood of patriots and tyrants. Know who you are.
Anonymous Coward
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09/26/2011 07:02 AM
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Re: <<<Commodities ROLLER COASTER ride>>>Spot Gold (-3%) Silver (-3%) Platinum (-3%) 9/26/11 revised last 10:48amCDT
This same thing happened in Sept of 2008. That is when I bought PMs. Then the market crashed. The same will happen this time.
Dr. know...

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09/26/2011 07:07 AM
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Re: <<<Commodities ROLLER COASTER ride>>>Spot Gold (-3%) Silver (-3%) Platinum (-3%) 9/26/11 revised last 10:48amCDT
currently, PM is dirt cheap.
Dr. know...
Chicken little
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09/26/2011 07:11 AM
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Re: <<<Commodities ROLLER COASTER ride>>>Spot Gold (-3%) Silver (-3%) Platinum (-3%) 9/26/11 revised last 10:48amCDT
metals were hot-now they not; must be some kind of sector rotation going on?
 Quoting: HANGFIRE


The only thing that's up is MEAT. Live cattle, lean hogs, both up 0.5%.
 Quoting: Anonymous Coward 1533774


Lol...yeah we'd be better off right now having the dollar on the "Meat Standard" than a gold standard...the only thing stable about gold for the last 3 years has been the supply...the price is a monster bubble...eventually it's going to pop.
 Quoting: SHR



I totally disagree. There is no gold bubble -- there is a dollar pit. The FEDS have managed to totally devalue the dollar with their hyperinflationary policies. We are $14.8 trillion in debt; have $80 trillion in unfunded liabilities; have $500 trillion in derivatives for which we are responsible for 'toxic assets' and other worthless "assets." The Titanic's bow is under the water; we're down to the last smoke stack; the bow is being hoisted into the air. Jack and Rose are climbing over the back rail and the bridge is under water. Hold your breath and jump when I tell you and don't let go and swim with all your might.

:alliedstates:
 Quoting: Stars-and-Bars



I feel a whole lot better about buying the other "PM'S" I have quite a bit invested in copper,lead,brass and steel. cool2
Stars-and-Bars

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09/26/2011 07:14 AM
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Re: <<<Commodities ROLLER COASTER ride>>>Spot Gold (-3%) Silver (-3%) Platinum (-3%) 9/26/11 revised last 10:48amCDT
This same thing happened in Sept of 2008. That is when I bought PMs. Then the market crashed. The same will happen this time.
 Quoting: Anonymous Coward 1638441



And if you look at the gold/silver charts from 2008 to now you have doubled-plus (250%) your worth in PM.

[link to www.kitco.com]

If you buy now and it does the same (as it will), by 2014, your $1700 asset invested (buying an ounce and taking delivery so you can put it in your treasure trove) will be worth $4300.00


Buy now -- not the paper gold/silver but the actual metal; take it home with you and bury it in the backyard. You may need this to buy your way out of the fascist state before too long. Those jewish people who were killed in the Holocaust had no money to buy their way out of Germany/Poland/Europe. Those who made it out had gold and diamonds to buy their way out to the Western Hemisphere and England. History is repeating.
--
From time to time, the tree of liberty must be watered with the blood of patriots and tyrants. Know who you are.
Anonymous Coward
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09/26/2011 07:15 AM
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Re: <<<Commodities ROLLER COASTER ride>>>Spot Gold (-3%) Silver (-3%) Platinum (-3%) 9/26/11 revised last 10:48amCDT
All the dumb money who bought pm's over the last few months must be shitting themselves.
 Quoting: Anonymous Coward 856707


chuckle
Anonymous Coward
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09/26/2011 07:29 AM
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Re: <<<Commodities ROLLER COASTER ride>>>Spot Gold (-3%) Silver (-3%) Platinum (-3%) 9/26/11 revised last 10:48amCDT
: gosh surprised people are surprised





GLP