Bin laden dead gold drops.

[Jason in TN]

Gold Down $26 at the time I write this silver climbing a little again after a drop. What do you think is this because of his death. Any type of significant attack I think will send gold silver and oil much higher. Hope it does not happen.

Jason

 

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[Chug And Red]

I just looked!!!! Its looks Like it has been slightly level to Me!!!! Take a little Look at the Chart not quite Half way down 30 day!!!!

http://goldprice.org/gold-price-history.html

Its only been less than 24 hours!!! I think Gold will Continues to rise for Awhile Because My Pay check seems To be Not Supporting My Other Interests!!! HH Chug

 

[Jason in TN]

Had dropped $20.10 today on us and another $5+ on the world market when I posted this since the colse of us trading. May not have any thing to do with his death just wondered your thoughts.

http://www.kitco.com/market/

Jason

 

[Silver Surfer]

I imagine that a LOT of people around the world think that since he was killed, we are now safe, and act accordingly... Of course, many know his death will make little difference, he had only been a "bit player" in the last decade because he really couldnt do anything without getting nailed... So people feel safe now, markets are up and PM's are down... It probably wont take long before something happens, whether natural or terrorism, and "reality" will again set in and PM's will go up, stocks will go down.
My conspiracy-theory side tells me that some major players, along with our Treasury Dept and the Fed, are in cahoots with those major players trying to get people off PM's and back into the dollar market.. It is no secret that they have not been happy with people investing in PM's over the last year... In fact, Bernanke and Geithner have both stated that they think people are heading in the wrong direction by going over to PM's..
They are both criminals and traitors as far as I am concerned...

 

[Jason in TN]

Pretty good drops again today. This is interesting to say the least. Time will tell I personally think the PM market is over priced. Gold should be around $800 silver around $20. Should have and started to sell my silver at $40.

Jason

 

[Vodka1000]

Pretty good drops again today. This is interesting to say the least. Time will tell I personally think the PM market is over priced. Gold should be around $800 silver around $20. Should have and started to sell my silver at $40.

Jason

To late now --

 

[Jason in TN]

Gold made a little climb this afternoon there still may be hope.

Jason

 

[jim4silver]

Gold will drop along with silver if it keeps going down, but it will not fall as much percentage wise. That is why it is good to diversify with gold because it seems to be more stable (as far as volatile PMs go) than silver.

I read an interesting article somewhere where the author stated that gold will not fall as much as silver in a correction now because much of the physical gold being purchased is being held by institutions that plan to hold for a while (such as central banks, foreign governments, etc) and for reasons such as protecting against currency debasement, etc. Whereas silver has been purchased mostly in this run up by hedge funds and speculators who are out for quick profits, thus will be more likely to dump it than the gold buyers. Don't know if that is true but it seems to make sense.

Jim

 

[JD-GA]

What im finding funny is that I have lots of customers trying to order bullion through me at this new low price and im being told by several big time suppliers that the wait time for eagles and some bars are 3 to 4 weeks out. So how does the supply go down, the demand go up, and the price continue to fall? Its paper traders of course. The physical metal is still in short supply and still has massive demand. What will happen when the majority of the silver is being hoarded and industrial and medical institutions start having the same problem aquiring silver that bullion investors are?

I still believe due to this one issue that silver can only rise over time. Volatile as usual of course.

 

[Vodka1000]

Gold made a little climb this afternoon there still may be hope.

Jason

18 bucks down """a little climb"""-
This is a free fall especially for silver not a correction
Another 2 bucks down - I can see 30 or even high 20 in a near future - I hope I'm wrong.
I bet you this statement will make silver go up starting very soon -

 

[FreedomUIC]

I hope it hits $20.00 dollars again, doubt it will break $32.00, but $20.00 dollar silver is something that I would mortgage my kids for. Maybe even a second mortgage.......

I am looking at this downturn as an oppoturnity to stockpile more.

 

[Silver Surfer]

Gold continues to drop dramatically even considering that Mexico just bought 200 tons of physical gold, and China also has been buying bullion like crazy I would think that the price would at least level off, not keep dropping... Something just isnt right, if one looks at PM's in the "supply and demand" realm of things....
Sure wish I could be a fly listening to the board meetings at JP Morgan Chase and Goldman Sachs... Part of me wishes I would have sold while silver was near $50, but have to check myself because I bought in at under $30 to hold long term... If it hits $30 again, I will surely buy some more..

 

[Vodka1000]

I'm this free fall give another week or so ....
Over 2 bucks down again
WTF

 

[FreedomUIC]

I'm this free fall give another week or so ....
Over 2 bucks down again
WTF

Just broke into the $35.00 range. I believe it should start to slow eventually. Think of all the contracts sold for June Delivery
at 47+..... JP Morgan and Chase are smiling up a storm. Demand is up and supplys is down, not quite sure why this is happening...

 

[jeff of pa]

Common' $5.00 Silver !

Only problem the Premium will still be $50.00
per OZ to buy.

I know mine isn't for sale for under $50.00 per ounce.

 

[Vodka1000]

Damn - nobody can stop the bleeding - another 3 bucks down
How low will the silver price will go >>> 20 +-