Posted on 04/22/2013 5:50:36 AM PDT by blam
Gold Is On A Tear Today
Joe Weisenthal
April 22, 2013
After getting its butt kicked last week, gold is bouncing back a bit.
It's up over 2% today, surging to above $1430/oz.
At one point last week it was in the low $1300s.
(Excerpt) Read more at businessinsider.com ...
You can’t keep a good asset down.
"What happened most recently in Cyprus is a coming attraction to what will happen to your IRA’s and deposits in American banks once people realize what a house of cards they are. Meanwhile these select few are out there buying all the gold, silver, available farm land and any other tangible, useful asset they can get their hands on because they know what’s coming."
It was in the high $1300's, right?
At first glance, I thought it read, “God is on a tear today.”
Wouldn’t that be nice.
Wouldn’t that be nice.
I guess it depends on whether your faith was shaken last week.
Looks like somebody needed lots of cash last week. Wonder what they plan (or planned) to use it for.
$1322 at one point last Monday — not during regular Wall Street stock market time.
On the “financial sites” I love how they constantly try to blur the distinction between physical gold and GLD.
Here’s the live chart. It’s still back over 1400, but it’s down some from its earlier rise. It’s 1424.20 as I post this.
http://www.kitco.com/charts/livegold.html
I saw a bumper sticker a while back that said "God is back, and BOY, is He mad!"
Spent the rest of the day looking over my shoulder. :-)
I’ve got that site linked too. $1,422 last check...
I will be proven wrong almost immediately, but I don’t see metals rebounding to previous highs.
There metals owners, you’re welcome.
Copper is also kind of a precious metal being that it is in the same periodic table group as gold and silver and shares similar properties such as high electric conductivity. Plus often they get mined together because they are deposited together.
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