This Dont Look Good

Whats goin to happen, will the slide continue.



Time to get the stash out and clean some for sales me thinks


Crazy Pete :.8:

That thing has been bouncing between 1600 and 1700 for the last week allmost it seems :bounce:
Been wondering if its ever gonna hold steady

G'Day Pete, Maybe those European Countries are unloading. That is the ones that haven't already flogged the silverware etc. It could be a rough ride.

Regards Roger

Wont worry about it, will only effect those who buy their gold not us that find it.
Cheers
John

Don't worry too much about blips in the gold price.
Take a long term view, the way the worlds going, I'd take gold over fiat money anytime.

Comming onto this time of year india and countries like that buy tonnes of gold, you watch it drop some more yer yet, then next year see new record highs set yet again.

G'day Pete,
Have a flutter on the share market sometimes and agree that chart isn't looking too fancy. (Breaking through support to the downside) Think it's a temporary thing and this article will give you some hope.
http://www.kitco.com/ind/Holmes/holmes_dec122011.html

*Burp* Zap.

You have to realize that the fluctuating prices are caused mainly by traders and they are shitting themselves at present as they are not as secure as they used to be and are being overly cautious. Some major traders have closed their doors as they felt they could not be honest to their clients by purchasing stocks with the volatile situation that is progressing. Gold could drop considerably yet but will always maintain a 'real' value as opposed to stocks and shares which are collapsing as well. They, however, are unlikely to bounce back but gold and silver will maintain credible value.

Down to 1629.83 as I type this , owch , will bounce back i would expect mid january


themrburns

CALM DOWN!!!

It's a hobby remember? You're not making a living out of it. :idea: :idea: :idea:

Many of us were detecting when gold was only worth a poofteenth an ounce.

I'll tell you when to panic

Robert

I'm not panicking, I would if I had to sell it. But since I don't, I don't care what it does. It has always been a see-saw ride but I can't lose because I found it. Secondly, if it ever lost all value, it would still be worth a million bucks to me.