Today's Top Stories 1 - 6 of 12 Gold on track for biggest annual loss in three decades

[Jay]

You better get rid of that worthless relic while you still can...I know it must be true cause its on the front page of Drudge.../sarc....:

http://ca.news.yahoo.com/precious-gold-track-biggest-annual-loss-since-1981-070100122.html

 

[mmerlinn]

You better get rid of that worthless relic while you still can...I know it must be true cause its on the front page of Drudge.../sarc....:

http://ca.news.yahoo.com/precious-gold-track-biggest-annual-loss-since-1981-070100122.html

Translation: Time to buy since the consensus is to dump.

Wish I had moolah, I would jump at these prices. Problem is that no parts sales equals no moolah equals no jump. Of course, that is one of the reasons for these low prices - OCare has sucked all of the available moolah (and then some) out of the economy so no one has any spare moolah.

Even at that, PMs are right where they should be at the end of the year - low. Typically, though not always, metals of all kinds bottom out the last week of the year then rally into Easter. So, since metals have been such a drag on the market for months, I do expect a rally starting next week. How far? No clue, but probably not above $26 basis silver. The Drudge is just confirming my expectations.

 

[69mach351]

Well the "crash" didn't last long.

 

[rblong2us]

Well the "crash" didn't last long.

bit like bitcoin then ffftt: https://btc-e.com/

only up $40 today and generally fairly steady around $750 ..........

 

[69mach351]

I kind of figured that gold at least, would come back down a little after its jump this morning.