Gold Just Tanked, Silver Tanked, And Oil Is Sliding

TBI ^ | 11-28-2012 | Joe Weisenthal

[driftdiver]

so whats that mean

[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.

[pgkdan]

Gold’s down $30 as of 9:38.

[Larry Lucido]

Pump and dump.

[blam]

The DJIA is down 52 as I post.

[traditional1]

Soros.....

[ILS21R]

[Monterrosa-24]

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

[ASA Vet]

It mean people are investing in real valuables.

Ammunition.

[Obadiah]

Good luck finding any!

[Abundy]

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.

[albie]

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

[b4its2late]

Time to buy!

[WackySam]

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.

[MrB]

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

[Red Badger]

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

[PMAS]

*

[BluH2o]

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.

[GilGil]

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.