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Thread: Gold drops below $1200 this morning

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    Iridium
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    Gold drops below $1200 this morning

    Always thought there was massive support at this level. So, is the price going to fall off a cliff, or are we set for a big bull run?

    Found this article...

    https://marketrealist.com/2018/08/wh...und-the-corner

    Thoughts?
    life is good.

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    Iridium
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    Re: Gold drops below $1200 this morning

    headfake. as soon as contagion/liquidity drama starts....gold will outperform just about everything

    before stock market is allowed to crash, nyc.Skype shoot gold first....and spew headlines about how bad gold is

    this down move could be the start of that

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    Hitch (13th August 2018),Neuro (13th August 2018)

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    Dangerous Donald Neuro's Avatar
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    Re: Gold drops below $1200 this morning

    Cultural Marxism: -The idea that good, hard working, white people should pay for those who are not, and thus in the name of equality create the conditions for their own genetic annihilation

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    Great Value Carrots Silver Rocket Bitches!'s Avatar
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    Re: Gold drops below $1200 this morning

    I'm looking at silver flirting with a sub $15 price.
    everything we learn changes that which we know to be true

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    monty (13th August 2018)

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    Iridium monty's Avatar
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    Re: Gold drops below $1200 this morning

    Quote Originally Posted by Silver Rocket Bitches! View Post
    I'm looking at silver flirting with a sub $15 price.
    With silver to gold ratio at nearly 80:1 that js where I am looking also.
    https://constitutionalmilitia.org/
    "A well regulated Militia being NECESSARY to the security of a free State"

    "That whenever any Form of Government becomes destructive of these ends, it is the most Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness." July 4, 1776

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    Unobtanium Dogman's Avatar
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    Quote Originally Posted by monty View Post
    With silver to gold ratio at nearly 80:1 that js where I am looking also.
    better question is why metal's are falling ! Especially during these uneasy times!

    Remember history, and metal's roll in preserving wealth !

    ?

    Can sorta sniff sumthing not good for anybody, not seen yet! Except maybe the very rich ?

    This trend is sorta sideways !
    "My reading no matter how transient is a dagger in the heart of ignorance."

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    Great Value Carrots Silver Rocket Bitches!'s Avatar
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    Re: Gold drops below $1200 this morning

    Quote Originally Posted by monty View Post
    With silver to gold ratio at nearly 80:1 that js where I am looking also.
    All the metals have crashed through their supports. Silver is at $14.50, gold at $1180. GSR is over 81. Gonna go visit the coin shop today.
    everything we learn changes that which we know to be true

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    Silver
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    Re: Gold drops below $1200 this morning

    Quote Originally Posted by Dogman View Post
    better question is why metal's are falling !
    My theory is that the "emerging" 3-d world economies like russians, turks and alike have run out of FIAT money and are now forced to liquidate a portion of their gold.

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    Dangerous Donald Neuro's Avatar
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    Re: Gold drops below $1200 this morning

    Quote Originally Posted by jcismylord View Post
    My theory is that the "emerging" 3-d world economies like russians, turks and alike have run out of FIAT money and are now forced to liquidate a portion of their gold.
    I think that is a likely explanation too. Too cover the USD loans they took during the good years. I don’t think Russia is in this category though. Russia has no shortage of USD due to oil export...
    Cultural Marxism: -The idea that good, hard working, white people should pay for those who are not, and thus in the name of equality create the conditions for their own genetic annihilation

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    .999 Unobtanium Horn's Avatar
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    Re: Gold drops below $1200 this morning

    Runnin late to the dollar index,

    sure emerging markets have shot their fiat load and all that exists is a Fed. dollar note a busy U.S. economy soaks them up.

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