[NormsRevenge]

fear drives an economy..

what a way to run a country.

[jiggyboy]

Silver dropped like a buck-fifty yd as well. I’m thinking it’s at least in part a reaction to the House vote to repeal Obamacare — baby steps to reining in the fiscal insanity.

[patriot preacher]

I think it could pull back a bit more — maybe down to $1300 — before it bounces back and surpasses $1500 later this year. The economy will NOT improve so long as the FED keeps printing worthless US dollars with nothing to back them. Instability, the devaluing of the dollar, and the need for something of REAL value, will make it a wise idea to invest in at least SOME Gold (or other precious metals or resources/commodities) just to be prepared. And those investments might include a bit of food for storage and some “emergency” supplies... It never hurts to be ready for anything... Just sayin.’

[FromLori]

Related

Suddenly, Gold Becomes a Pariah

http://www.zerohedge.com/article/suddenly-gold-becomes-pariah

Stunner: Gold Standard Fully Supported By... Alan Greenspan!?

http://www.zerohedge.com/article/stunner-gold-standard-fully-supported-alan-greenspan

[Old Retired Army Guy]

I saw this back in the 80’s. If you have Gold, it is time to take your profits and run because it is only heading South.

[Oatka]

Looks like a "buy on the dip" scenario - as soon as you can figure out the "dip's" bottom or near vicinity. For those with no positions who are interested, it may be time to act. For me, I'll stick with the lowly 5c piece - nickel is up (again) and the coin is now worth 6.8c melt value.

Don't be surprised if, by the end of the year, that there is a shortage of nickels - or a "new improved" version (i.e. debased) is released, which will once again validate Gresham's Law.

[Free Vulcan]

I said awhile back gold might top around $1400. I think it’s going to pull back for awhile.