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Gold's Next Precipitous Crash Just Days or Weeks Away

 
Punk-A$$ets  (OP)

User ID: 30559668
United States
06/25/2013 07:54 PM
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Re: Gold's Next Precipitous Crash Just Days or Weeks Away
Ok, so rather than starting another post, this post continues the main one. Gold looks to be ready to tank again. For what its worth, I believe this is the final washout that takes us to the buying point. A continuation of the original crash a week or so ago.
Gold Prices:

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

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United States
06/25/2013 09:05 PM
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Re: Gold's Next Precipitous Crash Just Days or Weeks Away
Damn!
Was so set on a $25 bottom, I used all my allocated fiat to buy physical. And was really happy to get the silver when it hit $22.22 spot.
Now it's what, $19.50?
Oh well, live & learn. This was dollars spent that would have sat in the bank collecting 0 interest.

Remember you only lose or win when you sell the physical. Holding it, it's in limbo.
:doom360:
Punk-A$$ets  (OP)

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06/25/2013 09:24 PM
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Re: Gold's Next Precipitous Crash Just Days or Weeks Away
And there she blows. This is it guys and gals. This is the fall to the bottom of the barrel. I'm cashed up and ready to nibble.
Gold Prices:

12/31/2000 - $273
12/31/2010 - $1,421
12/31/2020 - $1,893
G3
G3

User ID: 41735161
United States
06/25/2013 10:16 PM

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Re: Gold's Next Precipitous Crash Just Days or Weeks Away
And there she blows. This is it guys and gals. This is the fall to the bottom of the barrel. I'm cashed up and ready to nibble.
 Quoting: Punk-A$$ets


[link to www.kitco.com]

$1258.30

meltdown

Last Edited by G3 on 06/25/2013 10:17 PM
Anonymous Coward
User ID: 42330016
United States
06/25/2013 11:38 PM
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Re: Gold's Next Precipitous Crash Just Days or Weeks Away
And there she blows. This is it guys and gals. This is the fall to the bottom of the barrel. I'm cashed up and ready to nibble.
 Quoting: Punk-A$$ets


Twas the first days of summer, weather was hot.
Advice taken from Goldman, commodities were not.
A few measly declines was only required.
And all tards lined up, both young and retired.
Get your bags and buckets they holler and yell.
And loaded up as the shiny stuff fell.
Put on their space helmets they soon after did.
Only to watch as the shiny stuff still slid.
Days, months, then years, surely it was coming soon.
Never once did any of them catch a rocket ship to the Moon.
G3
G3

User ID: 41735161
United States
06/25/2013 11:58 PM

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Re: Gold's Next Precipitous Crash Just Days or Weeks Away
And there she blows. This is it guys and gals. This is the fall to the bottom of the barrel. I'm cashed up and ready to nibble.
 Quoting: Punk-A$$ets


Twas the first days of summer, weather was hot.
Advice taken from Goldman, commodities were not.
A few measly declines was only required.
And all tards lined up, both young and retired.
Get your bags and buckets they holler and yell.
And loaded up as the shiny stuff fell.
Put on their space helmets they soon after did.
Only to watch as the shiny stuff still slid.
Days, months, then years, surely it was coming soon.
Never once did any of them catch a rocket ship to the Moon.
 Quoting: Anonymous Coward 42330016


gcostanza
An Ordinary Greek

User ID: 42131407
Greece
06/26/2013 02:33 AM
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Re: Gold's Next Precipitous Crash Just Days or Weeks Away
Good morning guys (or good night to the GLPers in North America).coffee4

Woke up and gold @ $1250 and silver below $19!!!! I hope ordinary people don't go and sell their gold and silver at a loss...
Punk-A$$ets  (OP)

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06/26/2013 06:45 AM
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Re: Gold's Next Precipitous Crash Just Days or Weeks Away
And there she blows. This is it guys and gals. This is the fall to the bottom of the barrel. I'm cashed up and ready to nibble.
 Quoting: Punk-A$$ets


Twas the first days of summer, weather was hot.
Advice taken from Goldman, commodities were not.
A few measly declines was only required.
And all tards lined up, both young and retired.
Get your bags and buckets they holler and yell.
And loaded up as the shiny stuff fell.
Put on their space helmets they soon after did.
Only to watch as the shiny stuff still slid.
Days, months, then years, surely it was coming soon.
Never once did any of them catch a rocket ship to the Moon.
 Quoting: Anonymous Coward 42330016


Hey that was pretty good.
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
06/26/2013 04:03 PM
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Re: Gold's Next Precipitous Crash Just Days or Weeks Away
$1100s coming within 24 hrs? I say damn likely. Armstrong said the bottom was coming the end of June or early July. I say that fucker is going to be right.
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
06/26/2013 04:07 PM
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Re: Gold's Next Precipitous Crash Just Days or Weeks Away
Carol B. You still pulling the trigger at $1180? It looks like we'll cut down through that. ???
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
06/27/2013 01:29 PM
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Re: Gold's Next Precipitous Crash Just Days or Weeks Away
It was roughly 21 hrs.
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
06/27/2013 01:33 PM
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Re: Gold's Next Precipitous Crash Just Days or Weeks Away
Oops, a bit overzealous. Still $8 to go. lol
Gold Prices:

12/31/2000 - $273
12/31/2010 - $1,421
12/31/2020 - $1,893
An Ordinary Greek
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Greece
06/27/2013 01:45 PM
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Re: Gold's Next Precipitous Crash Just Days or Weeks Away
Wow, Central Banks literally suppressing gold's price.
Anonymous Coward
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Croatia
06/27/2013 01:48 PM
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Re: Gold's Next Precipitous Crash Just Days or Weeks Away
OMG! IT CARSHED JUST NOW!!5a
Anonymous Coward
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06/27/2013 02:06 PM
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Re: Gold's Next Precipitous Crash Just Days or Weeks Away
You'll know it's bad when you drill your tungsten bars and find out that they have gold cores!
Punk-A$$ets  (OP)

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United States
06/27/2013 02:15 PM
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Re: Gold's Next Precipitous Crash Just Days or Weeks Away
I'm surprised to see the HUI still above 200.
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
06/27/2013 02:23 PM
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Re: Gold's Next Precipitous Crash Just Days or Weeks Away
We reached 1197.02. When and if $1200 gives way I guess its $1000 next? I imagine that'll be the 'great flush' if we can get it.
Gold Prices:

12/31/2000 - $273
12/31/2010 - $1,421
12/31/2020 - $1,893
Anonymous Coward
User ID: 31052866
United States
06/27/2013 02:32 PM
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Re: Gold's Next Precipitous Crash Just Days or Weeks Away
We reached 1197.02. When and if $1200 gives way I guess its $1000 next? I imagine that'll be the 'great flush' if we can get it.
 Quoting: Punk-A$$ets


So, Punk, where do you feel it's buying time. I'm probably on the sidelines for at least six weeks as summer is not my best time of year business wise, and I'm probably going to incur into my cash reserves to keep operating. But I am curious as to where you think the bottom is. You previously seemed to think the $1100s was the place to buy but now you seem to think it might go below $1K?
Punk-A$$ets  (OP)

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06/27/2013 02:39 PM
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Re: Gold's Next Precipitous Crash Just Days or Weeks Away
We reached 1197.02. When and if $1200 gives way I guess its $1000 next? I imagine that'll be the 'great flush' if we can get it.
 Quoting: Punk-A$$ets


So, Punk, where do you feel it's buying time. I'm probably on the sidelines for at least six weeks as summer is not my best time of year business wise, and I'm probably going to incur into my cash reserves to keep operating. But I am curious as to where you think the bottom is. You previously seemed to think the $1100s was the place to buy but now you seem to think it might go below $1K?
 Quoting: Anonymous Coward 31052866


I've been doing a lot of reading from various market guys and $950-$1150 seems to be the area to try and buy. I've been saving $ for many months. The last time I bought, eagles were $1736. Looking forward to buying again. Going through withdraw really. lol
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
06/27/2013 02:41 PM
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Re: Gold's Next Precipitous Crash Just Days or Weeks Away
But, I'll add that it wouldn't surprise me if we don't go much lower.
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
06/27/2013 02:43 PM
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Re: Gold's Next Precipitous Crash Just Days or Weeks Away
You'll know it's bad when you drill your tungsten bars and find out that they have gold cores!
 Quoting: Anonymous Coward 38914320

If I bought tungsten and found out it was gold I'd me a happy mofo.
Gold Prices:

12/31/2000 - $273
12/31/2010 - $1,421
12/31/2020 - $1,893
Anonymous Coward
User ID: 37830302
Indonesia
06/27/2013 02:47 PM
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Re: Gold's Next Precipitous Crash Just Days or Weeks Away
gold cant make any profit and its really useless, people get panicked now and selling their gold, its too late to sell your gold. demand for gold will drop to zero
Anonymous Coward
User ID: 42425763
United States
06/27/2013 02:53 PM
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Re: Gold's Next Precipitous Crash Just Days or Weeks Away
gold cant make any profit and its really useless, people get panicked now and selling their gold, its too late to sell your gold. demand for gold will drop to zero
 Quoting: Anonymous Coward 37830302


you are just going to encourage the goldtards.

Demand won't drop to zero. People will always like to decorate things with gold.

If all the central banks stopped their antiquated hoarding of gold bars and dumped them on the market... they won't be doing this... gold would drop sub 100 dollars and mainly be used for jewelry.

Now, some people are delusional enough to believe "gold is money", which is retarded. It will never be money again.

The sole reason it ever was money was because how highly the Egyptians revered it, they thought their gods were made out of it.

It the Americas gold was always worthless until the Europeans came.
Punk-A$$ets  (OP)

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06/27/2013 03:02 PM
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Re: Gold's Next Precipitous Crash Just Days or Weeks Away
gold cant make any profit and its really useless, people get panicked now and selling their gold, its too late to sell your gold. demand for gold will drop to zero
 Quoting: Anonymous Coward 37830302


C'mon now. You know what a gold lease rate is, correct? You don't actually believe your statement do you? Why do you think central banks are buying record amounts of gold? Do you think they believe the price of gold will rise in the future or or fall?
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
06/27/2013 03:09 PM
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Re: Gold's Next Precipitous Crash Just Days or Weeks Away
gold cant make any profit and its really useless, people get panicked now and selling their gold, its too late to sell your gold. demand for gold will drop to zero
 Quoting: Anonymous Coward 37830302


you are just going to encourage the goldtards.

Demand won't drop to zero. People will always like to decorate things with gold.

If all the central banks stopped their antiquated hoarding of gold bars and dumped them on the market... they won't be doing this... gold would drop sub 100 dollars and mainly be used for jewelry.

Now, some people are delusional enough to believe "gold is money", which is retarded. It will never be money again.

The sole reason it ever was money was because how highly the Egyptians revered it, they thought their gods were made out of it.

It the Americas gold was always worthless until the Europeans came.
 Quoting: Anonymous Coward 42425763


Its really much simpler than people make it. The gold price was set free in 1971. It went up 25X in 10 years. Got into a bubble and popped. Bottomed at $250 and has currently risen 7.7X before being overbought again. The DOW has gone up 14X since 1980 and should rise much further. For gold to repeat its 1980 run it'd have to go up to $6250.00. If it just does what the DOW has done (14X) we're looking at $3500 (Sinclairs most recent target). Bread doubled every 10 years since 1971 give or take 10%. ON A LONG ENOUGH TIME LINE ALL TANGIBLE THINGS RISE AGAINST THE DOLLAR. ALL OF THEM. ITS JUST THAT SIMPLE. This is just a natural MAJOR correction for gold.

Last Edited by Punk-A$$ets on 06/27/2013 03:12 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
06/27/2013 03:22 PM
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Re: Gold's Next Precipitous Crash Just Days or Weeks Away
Armstrong says 'it is coming. just be patient'

armstrongeconomics.com/2013/06/27/gold-in-currencies/
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
06/27/2013 03:29 PM
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Re: Gold's Next Precipitous Crash Just Days or Weeks Away
Armstrong; 'gold, the target'

armstrongeconomics.com/2013/06/27/12778/
Gold Prices:

12/31/2000 - $273
12/31/2010 - $1,421
12/31/2020 - $1,893
Anonymous Coward
User ID: 38914320
United States
06/27/2013 03:35 PM
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Re: Gold's Next Precipitous Crash Just Days or Weeks Away
You'll know it's bad when you drill your tungsten bars and find out that they have gold cores!
 Quoting: Anonymous Coward 38914320

If I bought tungsten and found out it was gold I'd me a happy mofo.
 Quoting: Punk-A$$ets


Sorry... I was just trying to be clever/funny...

BTW I generally like your posts but will leave future attempts at cleverness and humor to the professionals
Punk-A$$ets  (OP)

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06/27/2013 03:40 PM
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Re: Gold's Next Precipitous Crash Just Days or Weeks Away
You'll know it's bad when you drill your tungsten bars and find out that they have gold cores!
 Quoting: Anonymous Coward 38914320

If I bought tungsten and found out it was gold I'd me a happy mofo.
 Quoting: Punk-A$$ets


Sorry... I was just trying to be clever/funny...

BTW I generally like your posts but will leave future attempts at cleverness and humor to the professionals
 Quoting: Anonymous Coward 38914320


lol. no worries. I was just goofing too.
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
06/27/2013 04:17 PM
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Re: Gold's Next Precipitous Crash Just Days or Weeks Away
This is what I mean by my HUI comment above:

www.the-golden-goose.com/2013/06/stopped-out-of-bear-position​s.html
Gold Prices:

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





GLP