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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: Rolla Coasta who wrote (63604)5/13/2010 6:46:41 AM
From: carranza2  Respond to of 218043
 
?

Nosedives?

At the moment, it is up a bit.

The moves we've seen lately won't happen every day. Some consolidation and back filling is to be expected.



To: Rolla Coasta who wrote (63604)5/13/2010 8:46:50 AM
From: Secret_Agent_Man  Respond to of 218043
 
interesting nose- cerrano



To: Rolla Coasta who wrote (63604)5/17/2010 7:45:38 AM
From: TobagoJack1 Recommendation  Read Replies (4) | Respond to of 218043
 
The force is strong.
Gathering crowds getting antsy.
Did someone whisper, "fire"?
Not yet, I hope, for I am not fully positioned as yet.
Panic is rational, n fear is a survival trait.

uk.ibtimes.com

Gold shops in Europe out of stock due to panic buying

Gold shops in Europe out of stock due to panic buying
It is increasingly difficult to get physical gold or silver in Germany, where the biggest buying stampede ever registered is taking place. Especially smaller online shops for precious metals didn´t have enough stock to cope with the demand, but even the biggest retailers warn of long waiting times and shortages.

Pro Aurum, one of the leading online shops for bullion in Germany, is displaying a "shop closed" message since Thursday. The leading German bullion website "Goldseiten.de" announced an enormous surge in visitors, which their four web servers couldn´t handle at the peaks. According to their statement, the demand of gold investors is now significantly stronger than after the Lehman collapse, even while the gold price is twice as high now. But the shops are better prepared this time and it is still possible to buy coins and bars at some places, which is also credited to the fact that the panic is limited to Europe at the moment.

This is confirmed by the Australian Mint, announcing that they sold 243,500 OZ of physical gold during the last two weeks, more than in the entire first quarter. The orders came nearly exclusively from Europe and the Australian Mint sees signs of "panic buys".

It seems that the emergency trillion dollar rescue package of the Euro zone and the IMF sparked a deep rooted fear among European investors. Open criticism towards the measures from countless senior analysts and retired central bankers, warning of high inflation, didn´t help to calm down people. The Euro dropped to new lows to the USD while the gold price reached a new record high in both currencies. The gold price in euro is at an all time high of 990 EUR and close to go to uncharted four-digit territory.