[New Jersey Realist]

What’s in your safe?

[airborne]

So buy more now or wait for it to drop more?

[SeeSharp]

Gold was $276 an ounce in 2001. Now it’s at $1260, which is down 3% since yesterday, and this is a “crash”?

[chopperman]

A factor might be that the Shanghai Bullion Exchange is closed for the week. The Chinese would scarf these cheap metals up if they could.

It's really just paper that is down.

[Robert DeLong]

Gold Price Per Ounce $1,275.50 +$5.90

[expat_panama]

 

Good morning and what the heck is going on here?  Sure, stocks dropped yesterday a fraction of a % in rising albeit limp trade, but this rout w/ precious metals (imho) is hard to understand.  Futures see this worsen and they got gold -3.22% and silver -5.42% --and meanwhile they're ho-hum w/ stocks.

Maybe it's these econ stats today:

7:00 AM MBA Mortgage Index
8:15 AM ADP Employment Change
8:30 AM Trade Balance
10:00 AM Factory Orders
10:00 AM ISM Services
10:30 AM Crude Inventories

or this stuff:

Why Americans Feel Poor (In One Chart) - Narayana Kocherlakota, BV
Here's The One Tax Idea That Is Fair to All Americans - Brett Arends, MW
3 Reasons Why This Market Has Everyone Spooked - Aaron Task, Fortune
It's One Big Market Casino Created by Central Banks - Bill Gross, Janus
The Stock Market Enters a Precarious Position - Sam Ro, Yahoo Finance
Market Corrections? Why You Shouldn't Worry - Simon Moore, Forbes
The Market Outlook: A Little Too Buoyant? - Elizabeth Collins, Morningstar
Sliding Sterling Is a Long Way From a Crisis - Swaha Pattanaik, Reuters

[Mr. Douglas]

It starts with deflation, followed by inflation, followed by hyperinflation. We are still in the deflation stage.

[Jack Hydrazine]

Buy on the dips!

[mythenjoseph]

Suffers WORST LOSS?...I remember being surprised when it got to 400-450 an ounce...it is at 1200 plus dollars..what a B S article...waste of electronic type and time...Hey the sky is still falling.My Gripe might seem foolish but I see articles like this as just being written for writings sake ... none of this 3.3% dip means shite!

[Pollster1]

I expect gold to drop a lot more if Trump is elected. However, if Hillary seizes power, I expect precious metals to be priced at levels never imagined.

[glorgau]

If gold goes down, that means you should buy more gold.

If gold goes up, the means you should buy more gold.

If gold stays the same, that means you should buy more gold

Buy Gold! /s