Shit is a bout to pop off-all precious metals dive
 

here we go
http://www.shtfplan.com/headline-new...appen_04152013

As of this print the price of gold is reaching fresh two year lows, down nearly 25% from its all time high just six months ago. Though uninformed onlookers and financial pundits may see this as the popping of the proverbial gold bubble, the velocity and scale of the take-down in precious metals suggests that there is a massive assault in the works. According to former Assistant Treasury Secretary Paul Craig Roberts, last Friday?s price drop was the result of some 500 tons of gold being dumped onto paper markets, an amount equal to about $25 Billion dollars worth of the metal. Likewise, silver saw a similar dump and price drop. Moreover, the very same thing is taking place this morning, suggesting that some very large and influential market makers are involved.

Who has that kind of money and can afford to lose it in naked short positions? According to Paul Craig Roberts, ?only a central bank that can print it.?

Thus, one must assume that this is not a natural effect of the free market, but rather, a coordinated attack on the global precious metals exchange orchestrated by our very own Federal Reserve, an organization run by a board of directors that includes representatives from some of the world?s largest banking institutions.

What?s most alarming about the collapse of gold and silver is that it was predicted in December of 2012 by a Department of Homeland Security Insider. In an interview with Doug Hagmann at the Northeast Intelligence Network, the insider warned that life for the average America would change drastically, and soon, and that this change would be preceded by various events, one of which is a major dip in precious metals:

Maybe everyone is selling off their gold to buy bitcoins, :o

clearly there couldn't be more obvious, simpler explanation? like hmmm, bubble finally popping?

wonder what all the gold bugs are up to ? :winkwink:

Here come the nuts. I think its likely a correction in a market that has been out of control for some time. Maybe it was started by the central bank to cool off the market but I don't think its a first step to turning the US into a prison camp.

Look who the topic starter is.
Currently the biggest nut on this forum
Previously the biggest moron.
Not sure which sucks more for him.

It's dragging silver down, and I've been buying in batches all day.

I just had a ring made with 1 1/2 of silver, fucking huge pimp ring

might be redneck ring if you are white :2 cents:

Gold on paper is leveraged by factor of 10. If a hedge fund sells 1 Billion worth of Gold, it will be 10 Billion on paper. All needed are two or three large hedge funds to move the market by 10%. Most of them move out of precious metal as it does not pay interest, but Central Banks will pay more interest soon. Very simple market mechanics known as asset rotation.

More likely China bumping some left overs!

I was selling today, between the time I arrived and when I left, I lost .36 cents a gram pure:disgust

It is a buying opportunity if you ask me. Accumulate, accumulate, accumulate.