Gold is getting murderlized
 

Down 6 and a half bucks tonight!

Is the rally over for good?

Re: Gold is getting murderlized
 

It might be. This might be the "long awaited" gold (and silver) smack down that everybody here on GIM is waiting and hoping for. :sarc:

Re: Gold is getting murderlized
 

i'm not sure if your serious or kidding....thats like 1%...remember we've run up like $60 bucks in a couple weeks......things can't go straight up...this includes gold!

Re: Gold is getting murderlized
 

Yes, andial, I amafraid the rally is over for good...

You better sell all your PM's while you can, and run to the safety of money market mutual funds, or juice your returns even more with the host of exiting CD's your friendly local banker is offering.

Re: Gold is getting murderlized
 

And it could be the pause that refreshes before going to the "long awaited" $10 billion/oz that everyone here on GIM is waiting and hoping for. :4_1_72:

Re: Gold is getting murderlized
 

Oh my goodness it's TEOTWAWKI.

Run for your lives.bancha

Re: Gold is getting murderlized
 

Could be if you bought 6 and a half buck higher. :111:

Re: Gold is getting murderlized
 

Yeah that hyper-inflation will be brutal. GIMers might need that $10 billion/oz gold to buy that $9.999 billion loaf of bread.

Re: Gold is getting murderlized
 

Serious as a heart attack. Hey I'm a true metal head in it for the long term but if it goes down another 5 bucks I'm out. :goodnight

Re: Gold is getting murderlized
 

More likely with $10 billion/oz gold, loaf of bread would only cost $30 million...maybe only $15 million at Walmart. That's assumming of course that the gold/bread price ratio dosent change from its current approx 333 to 1 (Gold $1,000, Bread $3.00). Most likely gold/bread ratio will change in favor of gold.

Re: Gold is getting murderlized
 

I hear there's something going on in the tulip market. Pass it on!

Re: Gold is getting murderlized
 

Oh, doncha know? It's a plot! Those UFOs you hear about are little green men from other planets coming to a big meeting every night to plot against you!

Re: Gold is getting murderlized
 

The question you have to ask yourself is, if it goes down and then right back up in a "shakeout," when would you get back in?

Re: Gold is getting murderlized
 

Right after he has a heart attack.:36_3_13:

Re: Gold is getting murderlized
 

I can't tell where the sarcasm begins or ends on this thread :bawling:

Can someone please just tell me exactly what's gonna happen in the future?

Re: Gold is getting murderlized
 

Tomorrow the sun will rise, the alarm will go off I will drag my a$$ out of bed shower, dress and go to work.

Must I go on?

Re: Gold is getting murderlized
 

you should sell and buy government Bonds

Re: Gold is getting murderlized
 

One step ahead of you there, i'm all in the tbills, backed by the full faith of the us gov't!!!

Re: Gold is getting murderlized
 

Good to see a correction. Healthy.

Re: Gold is getting murderlized
 

We're all gonna die!

Re: Gold is getting murderlized
 

Super title for a thread - could you define murderlized?

Re: Gold is getting murderlized
 

Of course, there has not been a single serious post in this entire thread. And that includes the original post. Unless, by some far stretch of the imagination, you include Kappy's comment about sarcasm. And that is a really big, big stretch.

Edit> Markthebuilder has a good comment.

Re: Gold is getting murderlized
 

Merlin, that's not a really big, big stretch. This is a really big, big stretch... (courtesy the fine ladies at Hawaii Pacific University) Thanks, girls!

Re: Gold is getting murderlized
 

DOWN IT GOES......

http://shrink4men.files.wordpress.co...nking_ship.jpg

Re: Gold is getting murderlized
 

at the time of this posting it is down -6.66

Re: Gold is getting murderlized
 

I see gold is down a dime.

Re: Gold is getting murderlized
 

Okay, I'll get serious. Here's the future for gold. We're bumping up against the top right now, just like stocks and commodities are doing. Can they go higher? Yes, somewhat but not another 30% or 50%. There's no psychology for it. All this "up" we've had is a counter trend rally. When stocks and commodities roll over so will gold. We're in a deflationary environment. Crappy paper is good in a deflationary environment. As deflation ends sometime around 2012 - 2015, trade your crappy paper for gold, stocks, commodities, and real estate.

Re: Gold is getting murderlized
 

You said "Gold is getting murderlized"

Is gold down 60% - $600 or 6% - $60.00?

Oh it's down .06% or $6.00.
Repeat nothing goes up in a straight line.
I'm hoping it goes down to to $980 to buy more.
Get back to me in Dec. when it's $1200 and you wished you never got out.

Re: Gold is getting murderlized
 

this is the dip!!!
buy with both hands!!!

Re: Gold is getting murderlized
 

Shazzam!:emotions16:

http://i176.photobucket.com/albums/w...uregold917.png

Re: Gold is getting murderlized
 

This is Chinese support

@ $1000 fixed.:bear_rolleyes::bear_happy::bear_w00t:

That's weird the bears are malfunctioning?

Re: Gold is getting murderlized
 

:ok: Howdy Hawk!
:coolbeer:

Re: Gold is getting murderlized
 

Glad I didn't sell...its up $0.50 right now...PHEW

Re: Gold is getting murderlized
 

:adore:Yyeeoowwzzzaah Mmooassttaah! :36_1_32v: (yes sir master)
All in SLW, EXK, SVM, JAG!

:bull-smile:STAY ON THE BULL!!:bull-smile:

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<embed src="http://www.youtube.com/v/78CJ4nmtZD4&hl=en&fs=1&" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" height="344" width="425"></object>

Re: Gold is getting murderlized
 

Long term?

Would you like fries with that?

Try 30+ years, then talk to me about being ..."a true metal head in it for the long term..."

Get some sleep friend, Pm's will do what they're supposed to do.

:smile:

Re: Gold is getting murderlized
 

And now the Drum Roll

1st Place for Best Comment in this Thread goes to


http://www.dreamstime.com/first-plac...thumb33346.jpg

Re: Gold is getting murderlized
 

It hits an all time high of 1020, then retracts $6.


Oh noes!

Re: Gold is getting murderlized
 

Diden't you ever watch cartoons, or what would be called classic cartoons now? I don't even remember which one its from, but it may have been Yosemite Sam who said it!

Re: Gold is getting murderlized
 

Great. Now every time gold/silver blip down a bit, the sinking ship pics will come out of the woodwork.

OTOH, and IMHO, this little down draft is just one of many "pauses" that refresh:

Re: Gold is getting murderlized
 

Of course not. Which is why I remain firmly diversified:

10% Cash
15% PMs
20% Real Estate
55% Stock and Bonds

Those of you who disapprove of diversification because you are dead-sure confident of your analysis and predictions for the future, go ahead and place your bets, putting all you eggs in one basket (so to speak.)

Any of you who believe that diversification reduces overall risk may still think I've got my allocation wrong. Please remember that my stock dividends provide the income that, together with my social security check, enable me to live day to day. I myself am not completely happy with 55% of my wealth at the casino; but the fact remains that I need cash flow to buy the bacon.

Is gold at or near a medium term top. Goldfinger007 may think so; but I do not. For the moment, I'm holding my positions. In the fullness of time, we'll all see what happens. Isn't life exciting?

Re: Gold is getting murderlized
 

Math police. Pull over.

Re: Gold is getting murderlized
 

Give a man a stock position, and he'll eat bacon for a day. Give him a pig farm, and he'll eat bacon for a lifetime.

Only no one is actually giving out pig farms. Sell the stock, buy a farm, and invest in living.

:s1:

I'm not criticizing your diversification strategy. But it might not be a bad idea if some of the real estate portion of your investment included a working farm.

Re: Gold is getting murderlized
 

I'm actually in nearly complete agreement with what you say. The problem for me is that we're way too old to actually operate a farm ourselves and if we bought one we'd have the problem of locating a reliable tenant farmer or finding and hiring a farm manager and labor. All of that would be quite the challenge for two old men (75 and 65) who have absolutely no knowledge of or experience with raising pigs.

If I were in my 20s, 30s or even 40s, your suggestion would have huge appeal. In fact, several years ago we were actually scouting rural farmland around Keokuk, IA and Carthage, IL. But my buddy is in really poor health and needs to be around medical facilities and doctors, not out homesteading. Maybe in the next life?:36_3_16:

Edit> Actually, the point raised by silverblood and my response illustrate perfectly the need for people to tailor their investment strategies to fit their individual needs and circumstances. Different strokes for different folks was never more true.

Re: Gold is getting murderlized
 

I'm holding my positions too Merlin, and will add to them as I keep earning money - even though I think we're going much lower. Thus my amusement at the concern over it dropping $6.50.

Yes, life is exciting. :ok:

Re: Gold is getting murderlized
 

somehow these Dow/Gold ratio charts seem relevant.

http://home.earthlink.net/~intellige...u-ratio-lt.gif

http://home.earthlink.net/~intellige...u-ratio-mt.gif

Re: Gold is getting murderlized
 

Damn Merlin, that's some good territory there, my old stomping grounds, when I worked at the steel foundry in Keokuk many years ago. I still have a soft spot in my heart for that area.

Re: Gold is getting murderlized
 

Down another 5 smackaroos today! I'm certain some weak handed players are jumping ship. But if I may regurgitate myself a true gold bug like me will continue to hold a vice like grip on all my paper Gold contracts. (GLD + COMEX FUTURES/OPTIONS).

Note: For at least another week or so. :ok:

Re: Gold is getting murderlized
 

Slam it down to 950, and I'll be happy. I'm ready to buy some more.

Re: Gold is getting murderlized
 

Good people, salt of the earth types, live around there. When I was a kid, we moved around a lot. But I've lived in Keokuk, Dallas City, Hamilton, and Montrose. I was actually born in La Harpe; they had a tiny hospital in those days. It's a small world, Ag_man.

Re: Gold is getting murderlized
 

Buy low, sell high. Good man. When it falls, it's on sale, buy. When it increases, buy a bit more, just in case it's going to continue to rise.

Let's all be honest and open. With gold and silver, you CAN'T GO WRONG. Buy whenever you can, and be confident that you've made the right decision.

Re: Gold is getting murderlized
 

I moved around a lot as a kid too. Lived in Keokuk, had friends in Hamilton as an adult. The only sketchy people I knew there were screws at the prison at Ft. Madison, the rest were salt of the earth, as you say.

It is a small world, Merlin.