Why metals down?
 

With the commies taking control?

Re: Why metals down?
 

Rumsfield is out = the war might be close to over

The war is over = gold goes down big time.

Re: Why metals down?
 

Who actually thinks that the war is close to over? No one in their right mind must think that.

Why war over = gold down?

Re: Why metals down?
 

'cause war adds big premium to the price of gold .

In times of worries (= war) Gold is high.

During war-time governments tend to print a lot of money to finance the war.

Re: Why metals down?
 

I generally understand that principle but the all-time high of gold and the run up to it occured during a time without a conflict (late 70's and early 80's).

Re: Why metals down?
 

Oil stops flowing = gold explosion.

Simply a retreat before liftoff.

Re: Why metals down?
 

used to be dems stood for use of fiscal stimulus, which would push inflation. these days, Bushy has spent more per household since LBJ, so, maybe people think federal spending will go down. eh? crazy I know but possible.

Re: Why metals down?
 

Democrats drag anyone who's making any money in front of congress for congressional hearings.

Look at what Nancy PaHOEse said shes going to do in her first 100 days - Drag oil companies in front of congress to explain why they are making so much money...

Re: Why metals down?
 

Bush has spent more per household than the European kings of the ancient regime spent on their own courts!

Re: Why metals down?
 

The above is just to illustrate the common train of thoughts in sheeple leading to the conclusion that Rumsfeld resignation is bearish for gold.

I personally to not adhere to this.

IMHO gold will go up anyhow, regardless of Democrats or Repablicans, FEDs or Rumsfelds.

And the reason for that would be: inverted Yield curve, housing slamp, huge debt, outsourcing of economy, baby-boomers retirement, ....

I am in the same camp as you :)

Re: Why metals down?
 

All shrewd GIMers are keeping their powder dry, and watching and waiting for next the bip bop on the metlals, so they can buy another bundle of silver and gold at bargain prices!:beer: :getdown: :birthday: :cool2:

Re: Why metals down?
 

Ah, the old quick sheeple test... I'm just wondering about today. I thought there would be a reaction to the dem party success. The stock market, for instance, went down on news that their comrades were in control.

Re: Why metals down?
 

What discount? The price will never get below $11.50 again.

Re: Why metals down?
 

We shall see......:bandit:

Re: Why metals down?
 

Wait, you're right. I'm wating for it to get to $6.75 so I can back the truck up.

Re: Why metals down?
 

I guess the probability is in there that we gonna get hit hard during the couple next days :afraid: . After that the hipe will be over and the bad news-es will find their way back to the roost again.

Then the reality will be coming back with vengeance. :stickyman

Re: Why metals down?
 

All wisepersons are writing checks presently, this is the reason for the delay in the uptrend in PM.:D

Re: Why metals down?
 

That is what gonna push already barely hanging economy off the cliff.

:(

The last thing you need in times like ours is socialism.

Re: Why metals down?
 

do a web search on 'corporate welfare'

Re: Why metals down?
 

Gold touched 630 two day srunning and closed near the bottom of the range showing it was meeting resistance near the highs. Today was a fait accompli. :tongue:

Re: Why metals down?
 

that's what I said yesterday. as you can see from this article, the financial press bozos read my comment and tried to build an article around it. plagiarism!
http://www.thestreet.com/_yahoo/mark...&cm_ite=NA

Re: Why metals down?
 

Tax breaks are corporate welfare? I wonder how much the oil corporations pay in taxes to begin with.

Why must do we always feel the need to over tax the rich just so we can re-distribute the wealth to the poor?

Isnt that the second plank of the communist manifesto?

2. A heavy progressive or graduated income tax.

Misapplication of the 16th Amendment of the U.S. Constitution, 1913, The Social Security Act of 1936.; Joint House Resolution 192 of 1933; and various State "income" taxes. We call it "paying your fair share".

Why dont you read this to see how the oil companies really make their money...

http://www.washingtonpost.com/wp-dyn...080501997.html

Re: Why metals down?
 

Huh? There was too conflict. And it was with Iran. Remember the hostage crisis?