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Metal Investors Dump Holdings – Gold And Silver Tank 2% (Equities Rally)
Confounded Interest ^ | 10/11/2013 | Anthony B. Sanders

Posted on 10/11/2013 5:07:56 PM PDT by whitedog57

Today was a bad day for precious metal investors. Both gold and silver dropped 2% today.

commod101113

As global equity markets rallied.

gem13

The gold sentiment index fell.

goldent

Comex gold holdings dropped.

comexgoildinv

At least the gold forward curve is modestly upward sloping (orange line).

goldfexo

Too bad the USA went off the gold standard. While some blame President Richard Nixon for taking the USA off the gold standard, the truth is that the USA had been dumping its gold holdings since 1957.

goldike


TOPICS: Business/Economy; Government; Politics
KEYWORDS: equities; gold; goldprice; obama; silver
Nixon was unfairly demonized over taking the US off the golf standard.
1 posted on 10/11/2013 5:07:56 PM PDT by whitedog57
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To: whitedog57

Whatever its point it’s unreadable.


2 posted on 10/11/2013 5:18:06 PM PDT by Drango (A liberal's compassion is limited only by the size of someone else's wallet.)
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To: whitedog57

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/10/11_Maguire_-_The_Vampire_Squid_Is_Busy_In_The_Gold_Market.html


3 posted on 10/11/2013 5:19:39 PM PDT by onyx (Please Support Free Republic - Donate Monthly! If you want on Sarah Palin's Ping List, Let Me know!)
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To: whitedog57

I think Obama has put the US back on the Golf Standard. I think he uses Ping clubs and Titleist balls.


4 posted on 10/11/2013 5:28:18 PM PDT by Sawdring
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To: Drango

In simple terms...We call this a “BUYING OPPITUNITY”


5 posted on 10/11/2013 5:30:37 PM PDT by M-cubed
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To: whitedog57

we’re gong to cave on the debt ceiling, sequester, 0bamacare... basically all the desires of big govt progressives

which will push our debt thru the roof... and with 0bamacare costing more then $3 trillion/yr... the debt is set to explode

Q: how can this make the dollar stronger?
A: it cannot

therefore, expect gold to continue to rise.

as extra incentive... yellen is for printing more money and she’s in favor of ‘a little’ inflation is it helps unemployment. considering our actual unemployment is around 17%... I expect lots of inflation

which will push gold higher

please tell me what would drop the price


6 posted on 10/11/2013 5:34:44 PM PDT by sten (fighting tyranny never goes out of style)
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To: sten

Lower energy costs might.


7 posted on 10/11/2013 5:41:17 PM PDT by MaxMax (Pay Attention and you'll be pissed off too! FIRE BOEHNER, NOW!)
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To: sten

Lower energy costs might.


8 posted on 10/11/2013 5:41:17 PM PDT by MaxMax (Pay Attention and you'll be pissed off too! FIRE BOEHNER, NOW!)
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To: Drango

Gold and Silver off between 2 or less than 3% each.

Not an earth shaking event. Stock Market is recovering, and the next time the USA borrows a few hundred Billion, metals will recover...that would be next month.


9 posted on 10/11/2013 6:02:01 PM PDT by 4Speed
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To: whitedog57

Markets will notice that Lucy has predictably yanked the football from our Charlie Brown, once again, and metals prices will rise on Monday.

There is no near or mid-term economic mechanism to continue avoid inflation.

Hold your positions.


10 posted on 10/11/2013 6:07:12 PM PDT by G Larry (Let his days be few; and let another take his office. Psalms 109:8)
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To: whitedog57

Oddly, the price of GAS at the pump has gone way down ever since Obama shutdown the government.

Locally, it is down to 2.99


11 posted on 10/11/2013 6:22:58 PM PDT by UCANSEE2 (The monsters are due on Maple Street)
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To: whitedog57
Nixon closed the gold exchange because a degenerate Frenchman named DeGaulle was conniving to create a run on the dollar and it would have destroyed the currency.

Unlike his myriad critics, Nixon was no fool about the real world in which he lived.

12 posted on 10/11/2013 6:36:35 PM PDT by hinckley buzzard
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