Posted on 05/06/2010 12:35:51 PM PDT by milwguy
gold up big, the contagion has lit the spark. Precious metals only safe port in the storm.
Obama beat Bush. Biggest drop on the DOW.
It dropped a bit. It was at $34 something.
The U.S. media is hysterical to watch.
It’s a computer glitch, (except it still down over 350 points)....
Every station has Obamaites in damage control mode.
panic!!!!!...who will buy gold when there is no more money?
One trader, on the condition of anonymity, said he heard fixed income desks in Europe shut down early because there was no liquidity — basically European banks are halting lending right now.
“This is similar to what took place pre-Lehman Brothers,” the trader said.
There is little physical gold available versus the certificates out there.
Don’t buy paper gold....get the real thing or don’t buy at all!
Yes. I am suspicious of the market plunge and then recovery increasing the price of gold.
More buyers than sellers.
exactomundo! The gov’t corruptocrats will have to get together over the weekend to figure a way to paper over this mess. This has the potential to make the last crisis look like small potatoes because now you are dealing with fairly large 1st world countries’ (PIGS) sovereign debt.
This contagion could engulf the entire world financial system, and that is not just hyperbole.
As for the DOW, it looks like the Plunge Protection Team came in a little before 3 PM EST - it's now 10,581, up from 10,000. Down "only" 286 points.
I feel like I’m on a roller coaster today!
Should be up 3,333 this is a hoax. Obamabucks are worthless.
Are they seriously trying to claim the drop is just a computer glitch? (Don’t watch the news anymore.)
We have a standing order at a dealer to buy another $200K if it drops to $1100.
I'd really like to see it drop, I can't see my $'s being worth much in five or ten years.
Did you see my #16 post? Five or ten years? Looks like it isn't worth much now - at the bottom of the heap of other major currencies.
Yes. I am suspicious of the market plunge and then recovery increasing the price of gold.
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Most of the gain in gold occurred prior to the plunge.
Well, it's performance against other currencies isn't my real concern. It is purely conservation of wealth, nothing more.
If I can convince the Ghostess, we will move out of US within two years.
Our current address is Galts Gulch, but I fear that won't help much.
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