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Gold: Sell first — and then ask questions. No apparent fundamental reason for gold’s drop
Marketwatch ^ | 03/16/2011 | Mark Hulbert

Posted on 03/16/2011 10:38:26 AM PDT by SeekAndFind

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To: Patrick1

WOW!You seem to have this gold thing really figured out. What is the correct price that gold should be???


21 posted on 03/16/2011 12:03:57 PM PDT by Gadsden1st
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To: Steely Tom

You would definitely need Steely nerves to jump on that play.


22 posted on 03/16/2011 12:06:07 PM PDT by DManA
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To: Gadsden1st

The correct price is that of the last transaction.

Oh obsolete. On to the next correct price.


23 posted on 03/16/2011 12:07:30 PM PDT by DManA
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To: coolgenner

buy into weakness,

I have one word - GM. Enough said.


24 posted on 03/16/2011 12:08:59 PM PDT by DManA
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To: AngelesCrestHighway

A fool follows aphorisms.


25 posted on 03/16/2011 12:10:46 PM PDT by DManA
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To: Gadsden1st

Considering it is not scarce and is reusable the true value is probably around $300 an ounce.


26 posted on 03/16/2011 12:12:00 PM PDT by Patrick1 ("The problem with Internet quotations is that many are not genuine." - Abraham Lincoln)
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To: DManA

That is what I thought, but it seems Patrick1 has a different take on what the real, true price of gold should be. That is the number I was looking for.


27 posted on 03/16/2011 12:12:00 PM PDT by Gadsden1st
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To: Patrick1

I will be happy to pay you $100 over the “true value” of $300.00 for as many ounces you care to sell me!!


28 posted on 03/16/2011 12:15:00 PM PDT by Gadsden1st
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To: Gadsden1st

Just wait a few more months.


29 posted on 03/16/2011 12:16:48 PM PDT by Patrick1 ("The problem with Internet quotations is that many are not genuine." - Abraham Lincoln)
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To: Gadsden1st

Ah, you want to know what WILL the correct price be.

Send me your SS and bank account numbers and I will tell you.


30 posted on 03/16/2011 12:19:10 PM PDT by DManA
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To: Patrick1

Tell you what, as Free Republic is my witness, I will pay you TWICE your fair value of $300.00 per ounce for every ounce you wish in a few (3) more months. DEAL??


31 posted on 03/16/2011 12:20:56 PM PDT by Gadsden1st
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To: SampleMan
Insurance companies selling to get liquidity for pay outs.

Excellent point.
32 posted on 03/16/2011 12:28:05 PM PDT by PA Engineer (Liberate America from the occupation media. There are Wars and Rumors of War.)
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To: DManA

“Ah, you want to know what WILL the correct price be”

I know what the correct price will be. It will be the price that the market pays. The price a willing buyer is paying a willing seller.


33 posted on 03/16/2011 12:31:17 PM PDT by Gadsden1st
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To: Patrick1
"Gold was overpriced before Obama ever became President.

You're entitled to your opinion, but gold was trading for about $750 oz at the beginning of November, 2008 - so it has nearly doubled in price since the election of BO.

34 posted on 03/16/2011 12:47:00 PM PDT by In Maryland ("Impromptu Obamanomics is getting scarier by the day ..." - Caroline Baum)
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To: SeekAndFind

Institutional investors are having a collective forced fire sale in order to generate the cash for anticipated insurance payouts in Japan.


35 posted on 03/16/2011 12:50:41 PM PDT by RegulatorCountry
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To: SeekAndFind

Right now gold is up over $4.00.


36 posted on 03/16/2011 12:53:01 PM PDT by Conservativegreatgrandma
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To: SeekAndFind

Any fool that doesn’t understand accumulation - markup/markdown - distribution deserves to get fleeced in the market.


37 posted on 03/16/2011 1:24:32 PM PDT by Free Vulcan (Vote Republican! You can vote Democrat when you're dead.)
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To: Patrick1
Considering it is not scarce and is reusable the true value is probably around $300 an ounce.

is that in todays dollars? or yesterdays?
38 posted on 03/16/2011 2:43:08 PM PDT by wafflehouse (RE-ELECT NO ONE !)
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