Metals are Tanking.

[littlemissmartypants]

In a month where metals supposedly, traditionally, rally they are biting the dust. What's your spin on the matter? I am curious.

http://goldprice.org/

[Erich Bloodaxe BSN]

1. I just tend to think a month is too short a period to worry about.

Traditional or not.

Looking at the longer term charts, they seem to still just be wobbling around. Just hope my silversmithing friend will be able to take advantage of the lower prices to stock up a bit.

[Cayenne]

2. It's a racket

Silver and Gold is leaving america, for China, India and the middle east. American vaults are being emptied and may already be empty. The Americans have looted German gold and won't return it. Gold audits haven't been done in decades in places.

[Warpy]

3. Wingnuts shrieking about hyperinflation that would arrive any day

conned John Q. Bozo to take his cash out of CDs and mutual funds to "invest" in gold.

If Bozo bought at the top of the market, he's now lost 1/3 of his retirement nest egg.

The gold price rose far faster than the inflation rate. I almost feel sorry for Bozo, he just didn't understand that deflationary pressures at work and that swindlers were heavily into the gold business. He listened to the wrong people and screwed himself.

The gold price is still hyperinflated. We're likely to see a blitz of gold marketing on cable TV to try to force the price back up using any economic bogeyman they can find.

[Paper Roses]

5. This site gives you a quick look at how things are doing.

http://www.kitco.com/gold.londonfix.html

Nothing posted yet for today.