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Gold and Silver - THE PLUNGE IS ON!!!

 
Goldtard
User ID: 883050
United Kingdom
02/05/2010 11:56 AM
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Gold and Silver - THE PLUNGE IS ON!!!
Check out the Black Friday Gold and Silver PLUNGE!!!

:www.kitco.com/

screamdamnedpennywise

I'm buying MORE!!!
Ooua

User ID: 680552
United States
02/05/2010 12:00 PM
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Re: Gold and Silver - THE PLUNGE IS ON!!!
my guess is that some very leveraged carry trade financing deals got skewered ... and are puking up their positions


after this ... watch out !!


there may be hell for the shorts to pay, China is not changed in their interest of having as much gold as is 'gracefully' possible
Goldtard (OP)
User ID: 883050
United Kingdom
02/05/2010 12:00 PM
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Re: Gold and Silver - THE PLUNGE IS ON!!!
Sorry.

Link should be:

[link to www.kitco.com]
Goldtard (OP)
User ID: 883050
United Kingdom
02/05/2010 12:01 PM
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Re: Gold and Silver - THE PLUNGE IS ON!!!
my guess is that some very leveraged carry trade financing deals got skewered ... and are puking up their positions


after this ... watch out !!


there may be hell for the shorts to pay, China is not changed in their interest of having as much gold as is 'gracefully' possible
 Quoting: Ooua


China will definitely be moving in as prices plunge!

This could turn around fast!
Ooua

User ID: 680552
United States
02/05/2010 02:01 PM
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Re: Gold and Silver - THE PLUNGE IS ON!!!
I would not be surprised if it becomes impossible to buy gold coins at or near bullion prices in the very near future


it will not be long before a disconnect sets in
Anonymous Coward
User ID: 811072
United States
02/05/2010 02:04 PM
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Re: Gold and Silver - THE PLUNGE IS ON!!!
Unfortunately even with the plunge, premiums will remain high....or dealers will be "out of stock" until it goes up again....
Anonymous Coward
User ID: 870125
United States
02/05/2010 02:24 PM
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Re: Gold and Silver - THE PLUNGE IS ON!!!
Just waiting to jump in before China - Maybe 10 and more at 8.





GLP