Guest Posted April 28, 2004 Report Share Posted April 28, 2004 It will be said that gold went down because the $USD went up, but gold was down before the $USD went up. Arnold speculating that ECB tipped insiders that it is getting ready to cut rates and join the interest rates to zero party. That would drive the dollar up at least temporarily. Link to comment Share on other sites More sharing options...
Lock Limit Down Posted April 28, 2004 Report Share Posted April 28, 2004 Why is gold lower? Because on a day when no news could be expected to rescue the selloff in both stocks and bonds, the Matrix needed to eliminate the prospect of a shift into a new investment class. Plunger I love the way you think Its all about maintenance of the spinning plates They are vile, despicable, evil people. Is there a lower form of life, I don't think so. Link to comment Share on other sites More sharing options...
Lock Limit Down Posted April 28, 2004 Report Share Posted April 28, 2004 Look at them prop their old buddy IBM We are on the verge of a huge accident I have NEVER been so bearish if thats possible Link to comment Share on other sites More sharing options...
zensmoke Posted April 28, 2004 Report Share Posted April 28, 2004 QQV 20.87 VXN 23.04 VIX 16.25 VXO 16.93 Link to comment Share on other sites More sharing options...
brian4 Posted April 28, 2004 Report Share Posted April 28, 2004 There she goes-move to Defcon 4 this beast could crash! Link to comment Share on other sites More sharing options...
brian4 Posted April 28, 2004 Report Share Posted April 28, 2004 stop 1130 Link to comment Share on other sites More sharing options...
Hypertiger Posted April 28, 2004 Report Share Posted April 28, 2004 I think all Gold and Silver are reflecting is DEFLATION-all those folks who have lost their jobs at good wages and with bennies, are now working for much less with no bennies, they pay little or no income tax to the state or the feds which means the deficit will grow and grow and of course they will consume less and less. An example we have at the mo a Province wide Hospital Employee strike-these are orderlies, practical nurses, kitchen workers, laundry workers, security guards etc not well paid to begin with $14-$15 an hour with bennies. Our cash starved Government is asking for a 40% reduction in wages and zero benefits or we just can you all and contract the work out. Can you see the future in the race to the bottom?? I can. Gold and silver have done well in a deflationary environment in the past. Really B$$4 what has changed to support such a massacre in the metals? The US triple deficits have gone parabolic. The suspect, very limited strength in the US dollar does not suggest the globe is enamored with the buck. The Japanese are not showing up to lap up US debt as they have so kindly done in the past. I still believe the metals will have their day, hopefully while I'm still around to enjoy it! Crapvision now saying metals weakness can be blamed on China trying to reel in overheating economy Move along folks BUY GSEs The commodity markets are fractionally reserved...paper speculators rule... Until physical demand outstrips the paper then the cartel or whoever can maintain control... The current action looks like a massive sell off to raise cash to pay margin calls on the stockmarkets... We are not in a debt deflationary implosion yet...I suspect that when that happens debt will flood out and be converted into gold and silver... It's possible that it will all be thrown in the streets... Link to comment Share on other sites More sharing options...
brian4 Posted April 28, 2004 Report Share Posted April 28, 2004 Opening now for 90 minutes-Helmets and flack Jackets on, buckle up and hang on tight! Link to comment Share on other sites More sharing options...
Darkdoc Posted April 28, 2004 Report Share Posted April 28, 2004 Still looking for some support at 1120. If it breaks through, then 1115 is next area. Link to comment Share on other sites More sharing options...
Butterfield 8 Posted April 28, 2004 Report Share Posted April 28, 2004 hyper what does that mean "debt will flow out and be converted into gold and silver" Link to comment Share on other sites More sharing options...
Stinky Posted April 28, 2004 Report Share Posted April 28, 2004 "For reasons set out below, the good news is that there will probably be NO DEFLATION in the USA. The bad news is that what may replace deflation could be something worse." http://www.gold-eagle.com/editorials_04/field042704.html Link to comment Share on other sites More sharing options...
brian4 Posted April 28, 2004 Report Share Posted April 28, 2004 Yo Bobby and LLD- no real disagreement-The markets are going down and will stay down to reflect in my view deflation-the price of Gold will look real good in relation to the markets. The blowoff in price on the metals will come when the Sheep all pile in. Link to comment Share on other sites More sharing options...
Guest Posted April 28, 2004 Report Share Posted April 28, 2004 Wow. What a day. At this rate I'll give back everything I made since 3/24 But I'm 1 stubborn bullybear Link to comment Share on other sites More sharing options...
Ags Nightmare Posted April 28, 2004 Report Share Posted April 28, 2004 LLD, I think I'm more bearish than you rght now..my bullish head up the backside meter hit 10 last friday..still holding 1 TASR 100 poot... Bought Jan 05 IWM 119 puts yesterday...biggest position of the year for me.. Bought some June NEM calls just now...odd how goldman sucks upgraded the metals a day ago...once the stink from that firm gets airborn it can travel from NY to CAL in 30 seconds....could be a losing battle though... No longs for me outside of metals...I still will only commit 30 % of my account to this cesspool... For the record...isn't Abbey something ? First Harpo than a metals upgrade...I'm beginning to wonder if all employees have horns and tails... Ag Link to comment Share on other sites More sharing options...
yellowfish Posted April 28, 2004 Report Share Posted April 28, 2004 Whats up with MXIM? The market doing a nose dive and that thing is still up a buck. I should have listened to soup and shorted KLAC instead. ...but SLAB already down another 2 bucks today Link to comment Share on other sites More sharing options...
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