Gold To Tank To $1400 Ounce

[Cappy Z]

The precious metal has lost its luster. Sell now. It's going going to tank in a big way.

 

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[jeff of pa]

I hope in part your right Cappy.

But I want to see $250. an oz again

 

[fistfulladirt]

Hope so! Buying now, I'll be buying then!

 

[jim4silver]

Even if it went to 1400, that is not as bad as silver has been whacked. If gold goes below 1500, then look out below. Sentiment is starting to get worse even among PM bugs, so maybe we are close to a bottom.

Jim

 

[fistfulladirt]

The laws of supply vs demand seem to no longer apply.

Silver
Prices Defy the "Law of Supply and Demand"

 

[Cappy Z]

$1487.....and dropping like lead....

 

[TreasurePirate69]

Silver @ $26.10 right now. Only 10 more cents folks and then watch out!

 

[jim4silver]

Silver @ $26.10 right now. Only 10 more cents folks and then watch out!

The paper markets close in 47 minutes per Kitco. I think silver will make it safe for today. I am concerned about next week though I am actually hoping for lower prices (as long as they are only temporary LOL!).

Jim

 

[jim4silver]

Looks like they got it below 26 for the close. I wonder what that means for next week?

Jim

 

[smokeythecat]

Let's see....by the time Obamacare is in full effect next year, and the states start declaring bankruptcy in 2015 and 2016, 'cause nobody in their zest to promise all things to all people, well, they didn't count the cost of it all, so don't count gold out. It'll rocket within the next few years. it's a waiting game. And gold will NEVER go to Zero. Like the currency in Cyprus just did. The stock market is going to have a "correction" i.e., TANK soon probably several hundred points, THEN gold will be up there again if you don't want to wait until 2015 or 2106. it's cyclical.

 

[TreasurePirate69]

Looks like they got it below 26 for the close. I wonder what that means for next week?

Jim

Just barely. 25.99. :-)

 

[Marchas45]

Hi! Cappy welcome back, we only see you when PM's are getting smashed. Lol But I'm glad you posted, cause every time you do, the PM's Go Back Up. Lol

Well anyway just bought me four 10oz MT bars at spot $26.05 yesterday and hoping to get me some more on Sunday. Keep Stacking

 

[Cappy Z]

The new benchmark for Gold will be $1313.
SELL!!!

 

[Marchas45]

The new benchmark for Gold will be $1313.
SELL!!!

Strong Hands Hold. Lol

 

[Cappy Z]

What goes up must come down
spinning wheel got to go round
Talking about your troubles it's a crying sin
Ride a painted pony
Let the spinning wheel spin

You got no money, and you, you got no home
Spinning wheel, spinning all alone
Talking about your troubles and you, you never learn
Ride a painted pony
let the spinning wheel turn

 

[Marchas45]

What goes up must come down
spinning wheel got to go round
Talking about your troubles it's a crying sin
Ride a painted pony
Let the spinning wheel spin

You got no money, and you, you got no home
Spinning wheel, spinning all alone
Talking about your troubles and you, you never learn
Ride a painted pony
let the spinning wheel turn

Lol Cappy your my age, I have fond memories of that tune. Lol

 

[usandthem]

I got to see Blood, Sweat and Tears in concert years ago. One of the great groups in my opinion.