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Gold Just Tanked, Silver Tanked, And Oil Is Sliding
TBI ^ | 11-28-2012 | Joe Weisenthal

Posted on 11/28/2012 6:39:45 AM PST by blam

UPDATE: Gold Just Tanked, Silver Tanked, And Oil Is Sliding

Joe Weisenthal
November 28, 2012

It's unclear what just happened, but as US trading cranks to life, commodities have dumped.

Gold just dropped about $15/oz in a couple of seconds.

Kitco

And here's Silver:

And oil is fading.


(Excerpt) Read more at businessinsider.com ...


TOPICS: Business/Economy; Front Page News; News/Current Events
KEYWORDS: bho44; commodities; globaleconomy; gold; markets; silver
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1 posted on 11/28/2012 6:39:49 AM PST by blam
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To: blam

so whats that mean


2 posted on 11/28/2012 6:41:40 AM PST by driftdiver (I could eat it raw, but why do that when I have a fire.)
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To: blam
It's getting worse. The big selloff in commodities that we mentioned above is getting worse. Gold is now down 2%. There are all kinds of theories for why, but nothing totally convincing.


3 posted on 11/28/2012 6:42:34 AM PST by blam
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To: blam

Gold’s down $30 as of 9:38.


4 posted on 11/28/2012 6:42:54 AM PST by pgkdan (We are witnessing the modern sack of Rome. The barbarians have taken over.)
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To: driftdiver

Pump and dump.


5 posted on 11/28/2012 6:43:38 AM PST by Larry Lucido
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To: blam

The DJIA is down 52 as I post.

6 posted on 11/28/2012 6:44:09 AM PST by blam
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To: pgkdan

Soros.....


7 posted on 11/28/2012 6:44:16 AM PST by traditional1 (Don't gotsta worry 'bout no mo'gage, don't gotsta worry 'bout no gas; Obama gonna take care o' me!)
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To: blam

8 posted on 11/28/2012 6:44:16 AM PST by ILS21R (Everything... IS... a conspiracy)
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To: blam

Some of us are selling off part of our gold in order to buy more lead. Especially 5.56mm, 7.62x39mm, .338 Lapua, etc...


9 posted on 11/28/2012 6:44:16 AM PST by Monterrosa-24 (...even more American than a French bikini and a Russian AK-47.)
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To: driftdiver
It mean people are investing in real valuables.

Ammunition.

10 posted on 11/28/2012 6:44:45 AM PST by ASA Vet (Natural-born citizens, are those born in the country, of parents who are citizens. De Vattel)
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To: Monterrosa-24

Good luck finding any!


11 posted on 11/28/2012 6:48:21 AM PST by Obadiah (What if the light at the end of the tunnel is a muzzle flash?)
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To: ASA Vet
It mean people are investing in real valuables.

I never understood why people think "buying" gold on the stock market was a sound investment since a crash is a crash and after a crash those people won't have any gold in their hands.

and if the SHTF gold really won't have any worth...boots, .22 ammo, cigarettes, alcohol, etc... - those will have real value.

12 posted on 11/28/2012 6:48:23 AM PST by Abundy
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To: blam

Defining “tanked” as $1700 per ounce is not exactly “tanked”.


13 posted on 11/28/2012 6:49:55 AM PST by albie
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To: blam

Time to buy!


14 posted on 11/28/2012 6:52:26 AM PST by b4its2late (A Liberal is a person who will give away everything he doesn't own.)
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To: blam
Gold is now down 2%. There are all kinds of theories for why, but nothing totally convincing.

Manipulation. But don't worry, it won't last, as too many countries are on a buying spree.
15 posted on 11/28/2012 6:52:50 AM PST by WackySam (Obama got Osama just like Nixon landed on the moon.)
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To: albie; blam

looks like silver is off, percentage-wise, more than gold.


16 posted on 11/28/2012 6:53:11 AM PST by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
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To: Abundy; blam; 2ndDivisionVet

I’ve always wondered, “If GOLD is such a great investment, why are they trying to sell me some for paper money?”.............


17 posted on 11/28/2012 6:53:38 AM PST by Red Badger (Lincoln freed the slaves. Obama just got them ALL back......................)
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*


18 posted on 11/28/2012 6:54:02 AM PST by PMAS (All that is necessary for the triumph of evil is that good men do nothing)
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To: blam

So? Bought my gold, coins, etc., back when gold was in the $410.00 an ounce range. Only regret, I should have stretched a little and bought more at that level.


19 posted on 11/28/2012 6:55:29 AM PST by BluH2o
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To: blam

This is ridiculous. Gold and silver were supposed to sell off and retest 1680. This was completely predictable. Gold is about to take out 2000 and the bankers are creating a bit of drama. Next week it is up up and away.


20 posted on 11/28/2012 6:55:29 AM PST by GilGil
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