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Gold down $86

Posted on 6/20/13 at 5:43 am
Posted by fishfighter
RIP
Member since Apr 2008
40026 posts
Posted on 6/20/13 at 5:43 am
OHHHHHHHH boy. Here comes one hell of a correction in the market today. Bad enough yesterdays closing.

What y'all think?
Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 6/20/13 at 6:21 am to
I think I am happy I sold my bond funds last Thursday.
Posted by C
Houston
Member since Dec 2007
27831 posts
Posted on 6/20/13 at 7:41 am to
I feel bad for a lot of people I know that were throwing all their money to gold and silver...
Posted by ItNeverRains
37069
Member since Oct 2007
25577 posts
Posted on 6/20/13 at 7:48 am to
I've been waiting for this for awhile, I'm in on silver at $20. Placing order now.
Posted by AUtigerNOLA
New Orleans, LA
Member since Apr 2011
17107 posts
Posted on 6/20/13 at 7:54 am to
If gold is down, you know the dolla is up.

Anyway, the Feds say they are going to stop pumping as soon as 2014, if the economy improves, which they believe is showing signs of improvement. Thats whats triggering the sell off right now. I dont think it will be as bad as some people think.
This post was edited on 6/20/13 at 7:55 am
Posted by Jim Rockford
Member since May 2011
98329 posts
Posted on 6/20/13 at 1:51 pm to
Fox news will have to find a new sponsor.
Posted by Cmlsu5618
Destin, FL
Member since Sep 2010
3763 posts
Posted on 6/20/13 at 3:12 pm to
Didn't read the other posts, but GLD has returned an arithmetic average of 18-20% on a 8-9YR basis from today.

IMO: Still room to fall.
This post was edited on 6/20/13 at 3:13 pm
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