GOLD 0.51% $1,391.7 gold futures

850s, page-7

  1. 2,432 Posts.
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    Gold dropped $20 on New York open. Silver also down and Pt below $1,000/oz.

    There's a never ending stream of opinoin and expert commentary about how the US$ is doomed and Gold is about to skyrocket, go to the moon, $2,000 or $5,000, etc.

    Then there's the conspiracy theories where secret societies, shady goverment agencies, PPT, global banking conspiracy, etc are keeping Gold price under control. Then there's the talk that the central banks actually haven't got any Gold.

    Gold miners (especially juniors) are going backwards in value with the SP of many juniors falling by 70%+ over the last few months. Fact is despite all the ramping and conpsiracy theories the market is not sold on the Gold story.
 
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