But the Dollar is UP> Index data delayed 30 min. DJIA 13,927.54 -108.13 NASDAQ 3,164.41 -49.19 TSX Gold 252.94 -10.38 RUSSELL 916.14 -15.86 GOX 152.50 -8.02 NYSE 8,892.62 -111.76 TSX 12,698.40 -111.81 USD 81.07 +0.59 HUI 357.31 -17.65 NIKKEI 11,468.28 +95.94 JSE 2,007.25 -61.53 Crude Oil 94.85 -2.20 Metals Date Time (EST) Bid Ask Change Low High GOLD 02/20/2013 16:04 1564.40 1565.40 -40.20 -2.51% 1558.00 1596.00 SILVER 02/20/2013 16:04 28.54 28.64 -0.90 -3.06% 28.21 29.37 PLATINUM 02/20/2013 16:03 1644.00 1652.00 -45.00 -2.66% 1633.00 1669.00 PALLADIUM 02/20/2013 16:03 736.00 742.00 -26.00 -3.41% 728.00 761.00
You should have posted this in the economic forum, there's nothing tin foil hat here. Plain as day, somebody's getting their clock cleaned, and when it gets done going around, our turn is next. Gold and other PMs dropping so the banksters can get their fill, and because of the stupid etf's gambling with the price as they hold onto their whole single bar of gold plated tungsten. 74 W 183.84 only 5 protons different than AU, who's going to notice? Anyway, I'm sure there's an investor out there yelling "See! The bubble has burst, gold is going down." And the market will rally- until it doesn't anymore.
I have only viewed gold and silver as being an economic item for me in one short period of time of about 1 year. "1. pertaining to the production, distribution, and use of income, wealth, and commodities." Those true belivers, gold bugs, seldom use the minerals in a way that does more than allow them to feel good about themselves and their clutch of cold metals. Call it and ID/EGO fight and if it makes them feel good that's fine with me. OTOH I have invested and SOLD both items at an extreme profit in the distant past. This allowed me to retire and be secure. So now, no gold for me, other investments, when you are willing to sell or buy are much better. Just put the ID/EGO on the back burner and use the well being of haveing no concerns about the BOND Market (Bust City), Phony real estate deals now underwater and a dozen othe bad way to loose money as a way to store your wealth. Peace of mind trumps lost sleep any night. YMMV.
