Gold prices drop $50 in New York trading today.

http://kitco.com/images/live/gold.gif

cavelamb himself wrote:


Gold prices drop $50 in New York trading today.

http://kitco.com/images/live/gold.gif

What is that, .5%, not a headline in the stock market.
--
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government officials but my life isn't worth protecting at home
in their eyes." Dick Anthony Heller

On 2008-03-19, Wes wrote:
cavelamb himself wrote:


Gold prices drop $50 in New York trading today.

http://kitco.com/images/live/gold.gif

What is that, .5%, not a headline in the stock market.

I think that it is 5%, not .5%...

i

On Wed, 19 Mar 2008 14:03:05 -0500, Ignoramus30927
wrote:

On 2008-03-19, Wes wrote:
cavelamb himself wrote:


Gold prices drop $50 in New York trading today.

http://kitco.com/images/live/gold.gif

What is that, .5%, not a headline in the stock market.

I think that it is 5%, not .5%...

i

Like 600+ points on the Dow..
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Ignoramus30927 wrote:

I think that it is 5%, not .5%...

Darn decimal points......

Wes wrote:
cavelamb himself wrote:

Gold prices drop $50 in New York trading today.

http://kitco.com/images/live/gold.gif

What is that, .5%, not a headline in the stock market.

Yeah, I just read an email from a place that used to sell online in any quantity one wanted, down to 1/10 oz gold or 1 oz silver.

Today, they say the web site is down for a while. Gold and silver in short supply and *MINIMUM* orders of $5000 - by phone - while supplies last.

All because of high demand.

Don't get worried about a temp drop. That market gets "manipulated" quite often, but they can't keep it down. Some predict $1500 gold by years end. Also silver generally maintains about a 14 - 16:1 ratio with gold. If so silver should be over $50 right now and over $93 when / if gold reaches $1500.

I've been hearing for years that ultimately gold will reach $6000 / oz. - but maybe that's when the $ has ultimately reached bottom - during or after the crash.

HOLD - both gold and silver!

The "professionals" have sold gold and silver they don't have just like the gov. prints and delivers dollars they don't have. They're going to get caught and when it does some will fold. Remember last (?) Friday when one stock closed at $30 / share, only to have the whole company bought out at $2 / share on Monday! To "save" the company. Sounds like something caught up with someone!

But don't worry. The "government" - we the people - will come to the rescue of the crooked banksters. Someone else decided for us!

cavelamb himself wrote:

Gold prices drop $50 in New York trading today.

http://kitco.com/images/live/gold.gif


If you look at the whole market for gold, that's really not much. The
price fluctuates on a daily, if not hourly, basis. I wouldn't worry
until it gets back down around $700. It has gone up considerably in the
past few months.

Jim

cavelamb himself writes:

Gold prices drop $50 in New York trading today.

Gold was $30-something in the 1960s, when crude-bbl was $3-something and
gasoline-gallon was $0.30-something. That's a neat 100:10:1.

Now gold is $1000-something, crude $100, and gasoline $3-something.
100:10:0.3.

So either gasoline is way underpriced, or gold and crude are way
overpriced. Let's hope it's the latter.

On Wed, 19 Mar 2008 16:47:43 -0500, Richard J Kinch wrote:

cavelamb himself writes:

Gold prices drop $50 in New York trading today.

Gold was $30-something in the 1960s, when crude-bbl was $3-something and
gasoline-gallon was $0.30-something. That's a neat 100:10:1.

Now gold is $1000-something, crude $100, and gasoline $3-something.
100:10:0.3.

So either gasoline is way underpriced, or gold and crude are way
overpriced. Let's hope it's the latter.


They don't make gallons like they used to!


Mark Rand
RTFM

You are right. The calculation of octane is an average of two calculations.
That is new in the last 15 or so years.

Now the gas has so many odd this and that additives - some up to 50% non-gas.

Once it was 98% or more - mostly lead was added. Or nitro :-)

Martin

Martin H. Eastburn
@ home at Lions' Lair with our computer lionslair at consolidated dot net
TSRA, Endowed; NRA LOH & Patron Member, Golden Eagle, Patriot's Medal.
NRA Second Amendment Task Force Charter Founder
IHMSA and NRA Metallic Silhouette maker & member.
http://lufkinced.com/


Mark Rand wrote:
On Wed, 19 Mar 2008 16:47:43 -0500, Richard J Kinch wrote:

cavelamb himself writes:

Gold prices drop $50 in New York trading today.
Gold was $30-something in the 1960s, when crude-bbl was $3-something and
gasoline-gallon was $0.30-something. That's a neat 100:10:1.

Now gold is $1000-something, crude $100, and gasoline $3-something.
100:10:0.3.

So either gasoline is way underpriced, or gold and crude are way
overpriced. Let's hope it's the latter.


They don't make gallons like they used to!


Mark Rand
RTFM


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On Wed, 19 Mar 2008 21:28:49 -0500, "Martin H. Eastburn"
wrote:

You are right. The calculation of octane is an average of two calculations.
That is new in the last 15 or so years.

Now the gas has so many odd this and that additives - some up to 50% non-gas.

Once it was 98% or more - mostly lead was added. Or nitro :-)

Martin

Most MN gasoline has a significant percentage of ethanol, and E85 is
widely available.

On Wed, 19 Mar 2008 16:47:43 -0500, Richard J Kinch
wrote:

cavelamb himself writes:

Gold prices drop $50 in New York trading today.

Gold was $30-something in the 1960s, when crude-bbl was $3-something and
gasoline-gallon was $0.30-something. That's a neat 100:10:1.

Now gold is $1000-something, crude $100, and gasoline $3-something.
100:10:0.3.

So either gasoline is way underpriced, or gold and crude are way
overpriced. Let's hope it's the latter.

Interesting observation, Richard!

On Wed, 19 Mar 2008 12:34:09 -0600, cavelamb himself wrote:

Gold prices drop $50 in New York trading today.
http://kitco.com/images/live/gold.gif

It's a crash! All the way down to record high for, what, 2 weeks ago?
Oh, the huge manatee!