Silver & Gold Dropping like a rock

[jeff of pa]

Silver & Gold Dropping like a rock

Noon Eastern time

http://forum.treasurenet.com/index.php?action=Metals

Looks like everything is Following across the Board.

Wonder if it's a Correction,
Or signs of things to came.

 

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[pepperpump]

Re: Silver & Gold Dropping like a rock

Hey Jeff, I don't know why but silver has been dropping like 10-20 cents a day this week and some last week...Any ideas why?
Pepperpump

 

[Emperor Findus Cladius]

Re: Silver & Gold Dropping like a rock

I am glad I am in for the long haul on my CRH finds. I only have face value in them, so I will never lose. It looks like the $20 an ounce predictions on silver by the end of the calendar year may be wishful thinking.

 

[Cynangyl]

Re: Silver & Gold Dropping like a rock

OUCH...that is some mighty quick diving going on! What is up?

 

[jeff of pa]

Re: Silver & Gold Dropping like a rock

Hey Jeff, I don't know why but silver has been dropping like 10-20 cents a day this week and some last week...Any ideas why?
Pepperpump

Don't know,
But Gas has also Dropped some (Knock Wood)
I hope they Both Plummit for a year or so.

Would be Nice to pick up a Few Oz's of Silver at $3.50 an OZ again

 

[silverhunter/dowser]

Re: Silver & Gold Dropping like a rock

When governments inflate the standard $ to the point that ours has, they vary rarely survive.
I hope that this is a reshuffling of the cards and not a planned redistibution of wealth.
Silverhunter

 

[jeff of pa]

Re: Silver & Gold Dropping like a rock

http://www.marketwatch.com/news/story/gold-futures-drop-much-12/story.aspx?guid=%7B49B0C14B%2DABB3%2D469D%2DA821%2D8CA382565072%7D

SAN FRANCISCO (MarketWatch) -- Gold futures dropped more than $9 an ounce Tuesday to close at their lowest level since mid-January, and silver futures sank to their weakest level in eight months, pressured by the options expiration on the July contracts and weaker oil prices as traders awaited a Federal Reserve decision on interest rates due later this week.

 

[hyderconsulting]

Re: Silver & Gold Dropping like a rock

One of the things putting pressure on gold is that the central banks in other countries have been recently selling off some of their bullion stocks. In other words supply is overtaking demand. Regards, Chris.

 

[Peg Leg]

Re: Silver & Gold Dropping like a rock

Do not believe what you read about Gold and Silver. The market is being manipulated becasue a few countries are in need of CASH.
Peg Leg