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Gold's Next Precipitous Crash Just Days or Weeks Away

 
Punk-A$$ets  (OP)

User ID: 30559668
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06/15/2013 05:20 PM
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Re: Gold's Next Precipitous Crash Just Days or Weeks Away
Regarding the recent posts (glad to see them because this place has become dead pertaining to PMs); I'm shit simple and need a shit simple explanation. I say this whole sell off is nothing more than another cycle thats playing out. Forget conspiracy theory of why. Its irrelevant. I read someones analogy of the PM bull market 'cycle' being like a tsunami - whereby each wave gets successively larger until finally the biggest wave washes through. Truth be told, it happens in any market.

Last Edited by Punk-A$$ets on 06/15/2013 05:25 PM
Gold Prices:

12/31/2000 - $273
12/31/2010 - $1,421
12/31/2020 - $1,893
Anonymous Coward
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06/15/2013 05:23 PM
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Re: Gold's Next Precipitous Crash Just Days or Weeks Away
60,000 Metric Tons of ALLOCATED Gold Likely Used by Cartel to Settle Asian Margin Calls

He states that we will see $5,000/oz gold from the cartel banks replacing what they improperly used in their leveraged games from allocated gold accounts!

[link to www.silverdoctors.com]
 Quoting: Anonymous Coward 13210123


Silverdoctors is a pumper and just like you fuckwit Vishal Rawat they don't have a clue or know their ass from a hole in the ground about what's actually going to happen.
 Quoting: Spam Killer


Just because they pump doesn't mean they lie. Calm down dude.
Anonymous Coward
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06/15/2013 05:32 PM
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Re: Gold's Next Precipitous Crash Just Days or Weeks Away
I agree with the mighty stock market rise. Gold and silver seem incredibly weak. Like swirling the drain weak.
 Quoting: Punk-A$$ets


Obvious pooling, when you can sell paper gold with billions worth of futures contracts, TO YOUR SELF, that's a zero sum game!!! It cost literally nothing at all and with no fear of persecution because you own Holder and the SEC. You can drive a price anywhere you want.

Those fuckers are like Morpheus with the Krell power plant in the movie Forbidden Planet.
Punk-A$$ets  (OP)

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06/15/2013 05:36 PM
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Re: Gold's Next Precipitous Crash Just Days or Weeks Away
I agree with the mighty stock market rise. Gold and silver seem incredibly weak. Like swirling the drain weak.
 Quoting: Punk-A$$ets


Obvious pooling, when you can sell paper gold with billions worth of futures contracts, TO YOUR SELF, that's a zero sum game!!! It cost literally nothing at all and with no fear of persecution because you own Holder and the SEC. You can drive a price anywhere you want.

Those fuckers are like Morpheus with the Krell power plant in the movie Forbidden Planet.
 Quoting: Anonymous Coward 772773


The good news is that none of it matters. Markets win in the end. What will be will be.
Gold Prices:

12/31/2000 - $273
12/31/2010 - $1,421
12/31/2020 - $1,893
Philligan

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06/15/2013 05:40 PM
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Re: Gold's Next Precipitous Crash Just Days or Weeks Away
Gold can't win right now. Ever since the fed announced QE infinity and the metals didn't react it's been bearish.

Be patient and buy here or lower.

And that's that
teenage angst has paid off well

now im bored and old
Anonymous Coward
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06/15/2013 05:46 PM
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Re: Gold's Next Precipitous Crash Just Days or Weeks Away
Shorting PM's at these levels is about the most insane recommendation I have heard since before the Stock Marcket crash of 2000.
Punk-A$$ets  (OP)

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06/19/2013 03:28 PM
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Re: Gold's Next Precipitous Crash Just Days or Weeks Away
Not long and we'll be in the 1200's. Punk's going to start nibbling somewhere in the 1100s.
Gold Prices:

12/31/2000 - $273
12/31/2010 - $1,421
12/31/2020 - $1,893
Punk-A$$ets  (OP)

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United States
06/19/2013 06:46 PM
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Re: Gold's Next Precipitous Crash Just Days or Weeks Away
Ok, we've breached the point where we're going to crash. Get ready for the waterfall.
Gold Prices:

12/31/2000 - $273
12/31/2010 - $1,421
12/31/2020 - $1,893
Anonymous Coward
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06/19/2013 07:36 PM
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Re: Gold's Next Precipitous Crash Just Days or Weeks Away
Silver analyst Ted Butler now saying JPMorgan and others have now taken a huge long position in silver and gold. "These SOBs have pulled off the asset accumulation of the ages."

The big banks have been buying during this engineered sell off. Could go lower but the metals manipulators are positioned for a price increase.
Anonymous Coward
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06/19/2013 07:44 PM
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Re: Gold's Next Precipitous Crash Just Days or Weeks Away
Gold going up as stocks fall from their highs

buy low sell high

Big tech and fortune 500 overbought by gov to make it look like equities are great and the economy is improving

Benny boy and the banker trust/cartel keeps buying debt no one wants, because the middle class will just default on it

total fake market out their people, better hedge for the fall
Punk-A$$ets  (OP)

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06/19/2013 09:09 PM
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Re: Gold's Next Precipitous Crash Just Days or Weeks Away
Very cool to see this analyst talk somewhat positively about PMs. He's not been in the recent past.

www.marketanthropology.com/2013/06/building-out-foundation.ht​ml
Gold Prices:

12/31/2000 - $273
12/31/2010 - $1,421
12/31/2020 - $1,893
UseLessRepEATER

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United States
06/19/2013 09:27 PM
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Re: Gold's Next Precipitous Crash Just Days or Weeks Away
Gold down roughly $30 in 6 hours. Silver down about 2 percent.

[link to www.apmex.com]
Real Eyes, Realize, Real Lies.....


Every normal man must be tempted, at times, to spit on his hands, hoist the black flag, and begin slitting throats.
~H. L. Mencken~

We can easily forgive a child who is afraid of the dark; the real tragedy of life is when men are afraid of the light.
~Plato~

When a well-packaged web of lies has been sold gradually to the masses over generations,
the truth will seem utterly preposterous and its speaker a raving lunatic.
~Dresden James~
Anonymous Coward
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Indonesia
06/19/2013 09:39 PM
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Re: Gold's Next Precipitous Crash Just Days or Weeks Away
gold was a precious metal in the ancient time and act as money, but now in a modern time gold just a reminder of how barbarous we were in the past. so its useless. after the price dipped nobody want to buy gold again, they realize this shiny metal thing has no value.
Punk-A$$ets  (OP)

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06/19/2013 09:43 PM
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Re: Gold's Next Precipitous Crash Just Days or Weeks Away
gold was a precious metal in the ancient time and act as money, but now in a modern time gold just a reminder of how barbarous we were in the past. so its useless. after the price dipped nobody want to buy gold again, they realize this shiny metal thing has no value.
 Quoting: Anonymous Coward 26067011


Its a bit more than that. ALL metals are sinking. Copper, silver, Platinum. Its just a cycle. Its not dogma or any other nonsense. Once the metals bottom, they'll rise again. Even higher than before. Same with stocks. And so it goes.
Gold Prices:

12/31/2000 - $273
12/31/2010 - $1,421
12/31/2020 - $1,893
Anonymous Coward
User ID: 26067011
Indonesia
06/19/2013 09:56 PM
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Re: Gold's Next Precipitous Crash Just Days or Weeks Away
Its a bit more than that. ALL metals are sinking. Copper, silver, Platinum. Its just a cycle. Its not dogma or any other nonsense. Once the metals bottom, they'll rise again. Even higher than before. Same with stocks. And so it goes.
 Quoting: Punk-A$$ets


yes maybe it looks like back in 1980, it needs 20+ years to start climbing again
Punk-A$$ets  (OP)

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06/19/2013 10:10 PM
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Re: Gold's Next Precipitous Crash Just Days or Weeks Away
Its a bit more than that. ALL metals are sinking. Copper, silver, Platinum. Its just a cycle. Its not dogma or any other nonsense. Once the metals bottom, they'll rise again. Even higher than before. Same with stocks. And so it goes.
 Quoting: Punk-A$$ets


yes maybe it looks like back in 1980, it needs 20+ years to start climbing again
 Quoting: Anonymous Coward 26067011


Although you could be right, no one knows for sure, I see the issues of gov't entitlements 'scaring' money into tangible metals and stocks within a just few years - at most, not decades. Of course, when this happens, many mega rich people will only want gold. This is my very reason to buy gold. I assure you it isn't dogma. It is genuine fear. Couple this incredible funding need to 'raise taxes' with worldwide gov'ts confiscation through 'bail in' and you have a perfect storm for a rise in PMs. Remember, in 1979 the 401-K was created and a year later gold crashed. That card has been played. Now, what is there except for a dying worldwide economy? I have cash. But with black swans circling in the distance, I don't really want that either.
Gold Prices:

12/31/2000 - $273
12/31/2010 - $1,421
12/31/2020 - $1,893
Punk-A$$ets  (OP)

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06/20/2013 06:23 AM
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Re: Gold's Next Precipitous Crash Just Days or Weeks Away
And we're in the 1200s. Getting closer to a bottom. This is good. Get it done now.
Gold Prices:

12/31/2000 - $273
12/31/2010 - $1,421
12/31/2020 - $1,893
Anonymous Coward
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United Kingdom
06/20/2013 06:29 AM
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Re: Gold's Next Precipitous Crash Just Days or Weeks Away
Yep, let's get it done.
I think we're going for full-on breadlines and grass on Madison Avenue if they quit QE and raise rates in the next 3 years.
Philligan

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06/20/2013 06:29 AM
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Re: Gold's Next Precipitous Crash Just Days or Weeks Away
And we're in the 1200s. Getting closer to a bottom. This is good. Get it done now.
 Quoting: Punk-A$$ets


Agreed here
teenage angst has paid off well

now im bored and old
Punk-A$$ets  (OP)

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06/20/2013 07:27 AM
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Re: Gold's Next Precipitous Crash Just Days or Weeks Away
Gov't entitlements are going to double over the next decade. All those retirees will have to be paid including benefits yet the replacement workers will have to be paid too. But the economy is not growing and hasn't for 6 years. The decline started in mid 2007. There aren't enough jobs created to keep up with college graduates. All told this is a nightmare scenario. Taxes are going to go through the roof. Property taxes, new online sales taxes just to try and keep this thing going. Rising interest rates will not kill gold in fact just the opposite because the interest on the debt is so ridiculously large. People look at the rise in the stock markets like they're proof of an economy on the mend. My ass. This is money fleeing from Europe and Asia for the exact reasons I wrote about above. Look at Japans aging population and the state of its finances. There are a few years lag but that shit storm is coming here too. Gold and silver (and everything else) falling below production costs will only fuel the next mega rise.
Gold Prices:

12/31/2000 - $273
12/31/2010 - $1,421
12/31/2020 - $1,893
Anonymous Coward
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Norway
06/20/2013 07:31 AM
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Re: Gold's Next Precipitous Crash Just Days or Weeks Away
Funny money is being made like shit from a donkey's ass, still precious, rare metals fall like shit to the ground. Something is not right here, and I have a feeling this is not good. But I will continue buying silver as it goes down, stil believing in old, fundamental economic theory. Overabundance of fiat money will eventually lead to rise in PMs.
No More Lies

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United States
06/20/2013 07:32 AM

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Re: Gold's Next Precipitous Crash Just Days or Weeks Away
Crap, China credit markets freezing up...PMs crashing...this is getting eerily close to 2008
Punk-A$$ets  (OP)

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06/20/2013 07:36 AM
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Re: Gold's Next Precipitous Crash Just Days or Weeks Away
I've currently got the biggest cash position of my life. Much of that will go into metals when I see a bottom. I don't like all the cash and thats why I want the bottom to come SOON. I now can see a possible bottom happening this year or early next year. It was clear we were going down when we starting poking down on 1350 in short order.
Gold Prices:

12/31/2000 - $273
12/31/2010 - $1,421
12/31/2020 - $1,893
Punk-A$$ets  (OP)

User ID: 30559668
United States
06/20/2013 07:39 AM
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Re: Gold's Next Precipitous Crash Just Days or Weeks Away
The fact we're not going down faster in gold is surprising me. Its making me think $1100 to $1200 will be the bottom. That makes sense because few companies can produce gold for very long at those prices and stay profitable.
Gold Prices:

12/31/2000 - $273
12/31/2010 - $1,421
12/31/2020 - $1,893
Punk-A$$ets  (OP)

User ID: 30559668
United States
06/20/2013 12:47 PM
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Re: Gold's Next Precipitous Crash Just Days or Weeks Away
Get ready for another fall. We're testing the next leg down right now.
Gold Prices:

12/31/2000 - $273
12/31/2010 - $1,421
12/31/2020 - $1,893
Carol B.
TRUMP!

User ID: 30598717
United States
06/20/2013 01:34 PM

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Re: Gold's Next Precipitous Crash Just Days or Weeks Away
Get ready for another fall. We're testing the next leg down right now.
 Quoting: Punk-A$$ets


Yep...I'm waiting...ready to pull the trigger at 1180.
Punk-A$$ets  (OP)

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06/20/2013 01:38 PM
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Re: Gold's Next Precipitous Crash Just Days or Weeks Away
Get ready for another fall. We're testing the next leg down right now.
 Quoting: Punk-A$$ets


Yep...I'm waiting...ready to pull the trigger at 1180.
 Quoting: Carol B.


There she blows. You're trading right?
Gold Prices:

12/31/2000 - $273
12/31/2010 - $1,421
12/31/2020 - $1,893
Carol B.
TRUMP!

User ID: 30598717
United States
06/20/2013 01:39 PM

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Re: Gold's Next Precipitous Crash Just Days or Weeks Away
Get ready for another fall. We're testing the next leg down right now.
 Quoting: Punk-A$$ets


Yep...I'm waiting...ready to pull the trigger at 1180.
 Quoting: Carol B.


There she blows. You're trading right?
 Quoting: Punk-A$$ets


Righty O!
Punk-A$$ets  (OP)

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06/20/2013 01:41 PM
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Re: Gold's Next Precipitous Crash Just Days or Weeks Away
Get ready for another fall. We're testing the next leg down right now.
 Quoting: Punk-A$$ets


Yep...I'm waiting...ready to pull the trigger at 1180.
 Quoting: Carol B.


There she blows. You're trading right?
 Quoting: Punk-A$$ets


Righty O!
 Quoting: Carol B.


Armstrong seems to think golds ultimate low is coming this month or maybe in July. I was surprised to read that.

Last Edited by Punk-A$$ets on 06/20/2013 01:41 PM
Gold Prices:

12/31/2000 - $273
12/31/2010 - $1,421
12/31/2020 - $1,893
Punk-A$$ets  (OP)

User ID: 30559668
United States
06/20/2013 09:09 PM
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Re: Gold's Next Precipitous Crash Just Days or Weeks Away
I like this guys thinking. Really appreciating him schooling the masses. He was posting this kind of thing when no one else would listen to gold bearishness.

www.the-golden-goose.com/2013/06/gold-and-silver-pancakes.htm​l
Gold Prices:

12/31/2000 - $273
12/31/2010 - $1,421
12/31/2020 - $1,893





GLP