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Are We Repeating The Run-Up To The 2008 Crash? Is It Just Part Of The Plan?
Two Day Gold Crash Is One Of The Most Devastating Asset Sell-Offs Ever Witnessed On Wall Street, $1 Trillion Wiped Off, Despite Raising Demand, And No One Knows Why It Happened!! Goldman Tells Clients To Short Gold Days Before The Crash, And DHS Insider Warns A Major Dip In Precious Metals Is An Indication Of Next Economic Shock Coming
Let’s recap people:
*Federal Reserve says they want to quit printing money
*Goldman Sacks cuts expectations on gold (forcing a sell off)
*500 tons of paper gold dumped on Friday (more pressure for sell off)
*DHS insider says collapse will happen in spring after metals get slammed (he’s right so far)
*Another insider says planned collapse to happen on April 25
*Those mysterious 100,000 put options expire on April 20 & April 25
Scariest Part of Gold Crash? No One Knows Why It Happened
The two-day crash in the price of gold is one of the most devastating asset sell-offs ever witnessed on Wall Street, right up there with the stock market crash of 1987. What makes it that much worse is no one is exactly sure why it happened.
And until investors get some answers, the selling may continue, they say.
“Unless you have a catalyst, ‘cheap’ gets a lot cheaper during a crash in price expectations,” said Keith McCullough of Hedgeye Risk Management. “Old Wall calls it ‘catching a falling knife’ for a reason.”
Gold posted its biggest two-day dollar drop ever and its biggest percentage drop since 1980 when the carnage settled Monday. Prices rebounded slightly in early trading Tuesday. It’s now down 26 percent from its 2011 high. (For the latest price, click here.)
“We are running out of superlatives to attach to the gold price move since last Friday,” Nomura analyst Tyler Broda wrote in a note to clients. “The rarity of a move like this is notable.”
Philosophers stone – selected views from the boat
http://philosophers-stone.co.uk
2013-04-22 05:02:10
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