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Gold Drops Most In 30 Years
ZeroHedge
Previously, levered hedge funds were forced to sell gold on stock margin calls. How long until today’s gold plunge, the largest 2-day drop in the past 30 years, forces funds to start selling stocks to meet margin clerks vocal demands some time around 2pm today?
John Bougearel of Structural Logic chimes in:
Today is the largest one day decline from the previous day’s close @ -9.6%. Volume is already north of 530,000 – another record with another 6 hours of electronic trade to go. There have been three rounds of liquidations. The first round was the Asian liquidation that ended at 9 am. The second round was the European liquidation that ended at 5 am. They are spaced 8 hours apart. At this rate, the US liquidation phase won’t be complete until the London closing at 1230 pm CST, at least this is what that behavioral model suggests. You are witnessing an historical selling climax folks.
continue article at ZeroHedge:
http://www.zerohedge.com/news/2013-04-15/gold-drops-most-30-years
Headline should read “PAPER gold drops most in 30 years, REAL gold disappears”
Interesting Headline, Chris!
But Chris, the paper price and the physical price are the same amount.
One question, where is the Profit Lindsey Williams? Where is his elite buddies that know exactly what is going to happen next? What you say Lindsey, where is that $3000 per ounce gold and $6 gasoline? Everytime I watch another one of your profitseys fail I wonder if others look in their garage for that can of roofing tar and their wife’s favorite goose feather pillow.
I have blogged this many times on many websites there is A Buble in Gold! There will be a one world currency and Gold isn’t it! Go on and pay $3000 a ounce and watch as it drops to $400 a ounce! Food storage and guns are priceless commodities! So will gas be! When it comes to end of this saga you will be given a choice to take a mark of allegiance and if you don’t you will not be allowed to buy or sell! Which means you have a choice to make walk a way from satans controlled world and live like homeless vagabons or take that mark and enjoy your short life and who ever does take the mark want taste death until they are judged by JESUS CHRIST! He’ll is a real place people! And no paroles, you’ve already been pardoned by JESUS you just have to take the pardon!
Where does the Profit Lindsey Williams go when he gets sick, to Jesus, to the Church, on his knees in prayer and fasting, to the Elders of the Church to lay hands on him as is prescribed by the Word of God? Nope, none of the above, the Profit Lindsey Williams goes to Mexico.