[Thane_Banquo]

The stock market just popped 50 points in the past five minutes. I wonder if institutional investors are rotating out of gold and into equity. My thought has been that a lot of institutional money has been sitting on the sidelines during the past few weeks, waiting for the market to get to a low enough level for them to see it as undervalued.

[Fitzcarraldo]

What happened in New York yesterday?

[getbillnow]

Please elaborate on the significanceof this post for the gold illiterate masses like me :)

[arkfreepdom]

Stay out of gold. That stuff is still 25% less than it was in the 70's.

[steve50]

Gold is a small market, easy to manipulate. The gold bugs claim some major banks have a position in derivatives that require around $300/oz in the fall, who knows. I did notice when Ron Paul tried to question Greenspan on gold manipulation they suddenly ran out of time.

[pabianice]

Stock market popped-up upon seeing several telecom pirates being led away in chains on TV this morning...

More than coincidence?

[Consort]

No problem.

[Mr. Jeeves]

The Powers That Be are trying very very hard to save JP Morgan and Citigroup. Once gold hits $332, JP Morgan will likely have to default on its gold derivative (short) positions, meaning they will need the biggest bailout in world history to stay alive.

[Travis McGee]

It looks like the PPT did manage to swing the gold market yesterday to save the banks, (for the moment), as we discussed last night.

[joesnuffy]

That's a "plummet"?...

[aardvark1]

To get a lot of info on gold go to http://www.gold-eagle.com

[Ignatz]

For investors looking to enter a market, whether a commodity price is moving up or down is of little consequence. As long as the price _IS_ moving, profit can be made either direction.

[OK]

Another interesting bit of information is that the IMF requires (not recommends, but requires) member Central Banks (which means every country) to report gold that has been leased out as included in their gold reserves. In other words, the widely believed 30,000+ tons of gold reported as global central bank reserves, are not actually in the vaults.

This has been confirmed by Phillippine, Portuguese, and Finnish central banks. The IMF requires them to list leased gold as reserves. Rumor has it that the German Bundesbank has leased every ounce of their reserves, as have many others.

Anyone who doesn't think Clinton managed to lease out most of America's gold probably believes he never had sexual relations with that woman, Miss Lewinsky.

[LS]

Dang Buildy Burgers must be manipulating the market with the Masons and Queen Elizabeth again!

[Publius6961]

I don't follow this stuff, and I couldn't care less, but...
$2 out of $307 is a plummet?

Is hyperbole an essential part of gold trading?