Skip to comments.
Gold Just Tanked Big-Time, As Everyone's Scrambling For Cash
The Business Insider ^
| 5-4-2010
| Joe Weisenthal
Posted on 05/04/2010 10:22:06 AM PDT by blam
Gold Just Tanked Big-Time, As Everyone's Scrambling For Cash
Joe Weisenthal
May. 4, 2010, 11:10 AM
Check out what's happening with gold. People only want greenbacks today.
[snip]
(Excerpt) Read more at businessinsider.com ...
TOPICS: News/Current Events
KEYWORDS: commodities; dollars; gold; investing
Navigation: use the links below to view more comments.
first 1-20, 21-40, 41-60, 61-80, 81-93 next last
1
posted on
05/04/2010 10:22:07 AM PDT
by
blam
To: blam
Dollar has increased by over 1%. Not a surprise that gold dropped by about 1%.
2
posted on
05/04/2010 10:23:28 AM PDT
by
mlocher
(USA is a sovereign nation)
To: blam
Over $1k still seems to hold some value. Zer0 Bucks are not likely yo be the smart move in the long run.
3
posted on
05/04/2010 10:24:08 AM PDT
by
Paladin2
To: blam
I could say gold was too high anyway...but that it one sharp drop and stocks are way down today as well. hmmm.
4
posted on
05/04/2010 10:27:20 AM PDT
by
Gasshog
(going to get what all those libs asked for, but its not what they expected.)
To: blam
Yeah, stocks are not doing that great either...
5
posted on
05/04/2010 10:27:25 AM PDT
by
elpinta
(Jer. 10:23)
To: blam
Is today the Day?...................
6
posted on
05/04/2010 10:30:46 AM PDT
by
Red Badger
(When you see Jerusalem being surrounded by armies, you'll know that its desolation is NEAR. Luke 21)
To: blam
The Euro will continue its decline. Sure it may have small rallies but overall that “currency” will steadily decline. The dollar will be the largest beneficiary of this which should also bring oil down
7
posted on
05/04/2010 10:30:52 AM PDT
by
DM1
To: blam
I thought gold only went up.
8
posted on
05/04/2010 10:31:14 AM PDT
by
driftdiver
(I could eat it raw, but why do that when I have a fire.)
To: blam
Gold down 1.17%
Stocks down 2.17%
Gold is out performing stocks once again. (1:30 Eastern)
9
posted on
05/04/2010 10:31:16 AM PDT
by
bigcat32
To: blam
Gold Just Tanked Big-Time, As Everyone's Scrambling For Cash The sky is falling..., I tell ya, THE SKY IS FALLING!
10
posted on
05/04/2010 10:31:31 AM PDT
by
ExSES
(the "bottom-line")
To: blam
Gold still UP 81% since January, 2007.
How did the stock market perform during that time?
11
posted on
05/04/2010 10:32:05 AM PDT
by
Deo volente
(God willing, America will survive this Obamination.)
To: blam
Gold seems to be correcting a little bit today after a couple months of consistent price increases.
Now I do believe that is a much better headline.
To: DM1
This will be a windfall for Obamalini...
13
posted on
05/04/2010 10:36:12 AM PDT
by
achilles2000
(Shouting "fire" in a burning building is doing everyone a favor...whether they like it or not)
To: blam
Robert Prechter of Eliot Wave Theory, two weeks ago, among others, called for a market crash in the Dow and commodities before May 7.......I was shocked he went out on a limb with such a specific prediction....is this the big one heading our way.....the next few days should tell us.
14
posted on
05/04/2010 10:36:13 AM PDT
by
mick
(Central Banker Capitalism is NOT Free Enterprise)
To: blam
As of 12:30pm CDT, Gold is down 1% whereas the Dow is down 2% or twice as much.
15
posted on
05/04/2010 10:37:20 AM PDT
by
brydic1
To: blam
dow is down over 200 pts also....
To: blam
The Greek bailout has not stabilized the Eurozone and stopped rising sovereign risk contagion from spreading to the other vulnerable national economies — Portugal, Italy, Ireland, and Spain. Instead, they show increases in interest rates and credit insurance costs. Europe is in for an extended period of economic and political stress, with the Euro itself potentially in doubt.
To: All; PA Engineer; blam; TigerLikesRooster; Cheap_Hessian; CJinVA; Jet Jaguar; OneLoyalAmerican; ...
Goldbug ping
Re my post yd about $1195: As Maxwell Smart would say, “missed it by THAT much.”
Mail me to get on or off the Free Republic Goldbug Ping List.
18
posted on
05/04/2010 10:39:38 AM PDT
by
jiggyboy
(Ten per cent of poll respondents are either lying or insane)
To: DM1
I think the US Dollar will be a wise short term investment right now as the EU deals with its various sovereign debt issues. I do not like our debt but we are minimally secure for the short term.
Anybody know a way to watch what Soros is doing?
19
posted on
05/04/2010 10:40:28 AM PDT
by
aft_lizard
(Barack Obama is Hugo Chavez's poodle.)
To: driftdiver
Nope. Get on the Goldbug Ping List and we’ll set you straight.
20
posted on
05/04/2010 10:40:45 AM PDT
by
jiggyboy
(Ten per cent of poll respondents are either lying or insane)
Navigation: use the links below to view more comments.
first 1-20, 21-40, 41-60, 61-80, 81-93 next last
Disclaimer:
Opinions posted on Free Republic are those of the individual
posters and do not necessarily represent the opinion of Free Republic or its
management. All materials posted herein are protected by copyright law and the
exemption for fair use of copyrighted works.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson