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Re: Gold,,,,,,,,,Holy crap, What a difference a day makes..... 

By: capt_nemo in ROUND | Recommend this post (1)
Sat, 24 Sep 11 8:11 AM | 51 view(s)
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Msg. 35041 of 45651
(This msg. is a reply to 35040 by Decomposed)

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LOL Overbought is putting it lightly DE. I have never figured out the whole gold thing. I read, and read and it just don't make sense. LOL We have had this chat before. I am not one for putting so much value in a piece of metal.I would rather barter with a can of beans,,,,I know what that's worth Mr. Green Naughty




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Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.


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The above is a reply to the following message:
Re: Gold,,,,,,,,,Holy crap, What a difference a day makes.....
By: Decomposed
in ROUND
Sat, 24 Sep 11 7:05 AM
Msg. 35040 of 45651

Yep. It's back to its early August price. If it goes like it did in 2008, it may fall further, but I really don't know. The Dow didn't participate in the selloff today.

The 200 DMA is $1,522. That's how overbought gold had become. Silver was even worse.


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