utah hunter
Hero Member
Gold and silver dropping, gold down $27 in 3 hrs! What's happening?
Gold and silver dropping like crazy, what sparked this?
Gold and silver dropping like crazy, what sparked this?
jeff of pa said:oil is at $124.43 a barrel
needs to drop another hundred yet
utah hunter said:Gold down $55 since yesterday morning, and silver down sharply too. I have been figuring they would go down, but it happened faster than I thought and caught me a little off guard.
utah hunter said:jeff of pa said:oil is at $124.43 a barrel
needs to drop another hundred yet
Not to get political but President Bush announces lifting the executive ban on offshore drilling, and oil has pressure to drop. If congress acts to give states the right to choose I think the pressure will drop oil further, and will drop gold and silver more, maybe dramatically more. If oil drops the dollar will strengthen as the US economy will threaten to regain strength with lower energy prices, in my opinion of course.
jeff of pa said:But In spite of OPEC & there claiming they wanted answers for the Price Hike, They are used to these high Prices & if it hits $99 a Barrel My guess they will announce a Cutback on production to run it back up. they did it before when it dropped Below $60.00
goldsilverpro said:"They" wanted it to go down. That's when institutional profit taking occurs. I've got a bridge to sell to anyone that believes that the price is only based on supply and demand.