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Gold Just Tanked, Silver Tanked, And Oil Is Sliding
TBI ^
| 11-28-2012
| Joe Weisenthal
Posted on 11/28/2012 6:39:45 AM PST by blam
UPDATE: Gold Just Tanked, Silver Tanked, And Oil Is Sliding
Joe Weisenthal
November 28, 2012
It's unclear what just happened, but as US trading cranks to life, commodities have dumped.
Gold just dropped about $15/oz in a couple of seconds.
Kitco
And here's Silver:
And oil is fading.
(Excerpt) Read more at businessinsider.com ...
TOPICS: Business/Economy; Front Page News; News/Current Events
KEYWORDS: bho44; commodities; globaleconomy; gold; markets; silver
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1
posted on
11/28/2012 6:39:49 AM PST
by
blam
To: blam
2
posted on
11/28/2012 6:41:40 AM PST
by
driftdiver
(I could eat it raw, but why do that when I have a fire.)
To: blam
It's getting worse. The big selloff in commodities that we mentioned above is getting worse. Gold is now down 2%. There are all kinds of theories for why, but nothing totally convincing.
3
posted on
11/28/2012 6:42:34 AM PST
by
blam
To: blam
Gold’s down $30 as of 9:38.
4
posted on
11/28/2012 6:42:54 AM PST
by
pgkdan
(We are witnessing the modern sack of Rome. The barbarians have taken over.)
To: driftdiver
To: blam
The DJIA is down 52 as I post.
6
posted on
11/28/2012 6:44:09 AM PST
by
blam
To: pgkdan
7
posted on
11/28/2012 6:44:16 AM PST
by
traditional1
(Don't gotsta worry 'bout no mo'gage, don't gotsta worry 'bout no gas; Obama gonna take care o' me!)
To: blam
8
posted on
11/28/2012 6:44:16 AM PST
by
ILS21R
(Everything... IS... a conspiracy)
To: blam
Some of us are selling off part of our gold in order to buy more lead. Especially 5.56mm, 7.62x39mm, .338 Lapua, etc...
9
posted on
11/28/2012 6:44:16 AM PST
by
Monterrosa-24
(...even more American than a French bikini and a Russian AK-47.)
To: driftdiver
It mean people are investing in real valuables.
Ammunition.
10
posted on
11/28/2012 6:44:45 AM PST
by
ASA Vet
(Natural-born citizens, are those born in the country, of parents who are citizens. De Vattel)
To: Monterrosa-24
11
posted on
11/28/2012 6:48:21 AM PST
by
Obadiah
(What if the light at the end of the tunnel is a muzzle flash?)
To: ASA Vet
It mean people are investing in real valuables.
I never understood why people think "buying" gold on the stock market was a sound investment since a crash is a crash and after a crash those people won't have any gold in their hands.
and if the SHTF gold really won't have any worth...boots, .22 ammo, cigarettes, alcohol, etc... - those will have real value.
12
posted on
11/28/2012 6:48:23 AM PST
by
Abundy
To: blam
Defining “tanked” as $1700 per ounce is not exactly “tanked”.
13
posted on
11/28/2012 6:49:55 AM PST
by
albie
To: blam
14
posted on
11/28/2012 6:52:26 AM PST
by
b4its2late
(A Liberal is a person who will give away everything he doesn't own.)
To: blam
Gold is now down 2%. There are all kinds of theories for why, but nothing totally convincing.
Manipulation. But don't worry, it won't last, as too many countries are on a buying spree.
15
posted on
11/28/2012 6:52:50 AM PST
by
WackySam
(Obama got Osama just like Nixon landed on the moon.)
To: albie; blam
looks like silver is off, percentage-wise, more than gold.
16
posted on
11/28/2012 6:53:11 AM PST
by
MrB
(The difference between a Humanist and a Satanist - the latter admits whom he's working for)
To: Abundy; blam; 2ndDivisionVet
I’ve always wondered, “If GOLD is such a great investment, why are they trying to sell me some for paper money?”.............
17
posted on
11/28/2012 6:53:38 AM PST
by
Red Badger
(Lincoln freed the slaves. Obama just got them ALL back......................)
18
posted on
11/28/2012 6:54:02 AM PST
by
PMAS
(All that is necessary for the triumph of evil is that good men do nothing)
To: blam
So? Bought my gold, coins, etc., back when gold was in the $410.00 an ounce range. Only regret, I should have stretched a little and bought more at that level.
19
posted on
11/28/2012 6:55:29 AM PST
by
BluH2o
To: blam
This is ridiculous. Gold and silver were supposed to sell off and retest 1680. This was completely predictable. Gold is about to take out 2000 and the bankers are creating a bit of drama. Next week it is up up and away.
20
posted on
11/28/2012 6:55:29 AM PST
by
GilGil
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