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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG -- Ignore unavailable to you. Want to Upgrade?


To: Mike M2 who wrote (43090)4/24/2013 9:26:44 AM
From: cmg2 Recommendations  Read Replies (1) | Respond to of 48092
 
It is what it is. No conspiracies, just a massive decline. When the downtrend changes we will know. All other buyers have gotten killed over the past 4 months. Every market has it time, it will be golds time again. Just not yet.

We wait patiently til the time is right.



To: Mike M2 who wrote (43090)4/24/2013 9:45:38 AM
From: Follies1 Recommendation  Read Replies (1) | Respond to of 48092
 
Look at what happened to the ENTIRE market yesterday when a fake tweet came out. Market down 150 PST in minutes or seconds and back up 150 when it was discovered it was a fake.

That shows these markets are completely driven by algorithmic trading, all markets including gold.

There is no conspiracy regarding the decline in gold, it's just computer programs doing what they do to maximize profit. It completely disconnected from the physical, it's just a numbers game.

Well almost completely disconnected. It will return to the norm, the norm being the cost of mining plus some profit-risk factor. But that often takes months or years.

Completely disconnection can happen after a few more MF globals, Cypruses, and martial law declaring gold illegal to hold. Then my Bitcoins will come in handy.