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ChrisGraley (30.25)

Gold back below 1000

Recs

8

September 24, 2009 – Comments (6)

It's dropped about $25 since maket open down to $990.

Talk about an instant reaction!

6 Comments – Post Your Own

#1) On September 24, 2009 at 2:13 PM, catoismymotor (38.90) wrote:

Silver is also down to $16.30. Is this the beginning of a PM pull back or just the market taking a breather?

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#2) On September 24, 2009 at 2:43 PM, topsecret09 (38.86) wrote:

Chris,whats your take ?  ....

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#3) On September 24, 2009 at 2:53 PM, ChrisGraley (30.25) wrote:

The market is reacting to the prospects of deflation. I knew it would go down today, but I wasn't expecting this much this fast.

I am currently in wait and see mode. I certainly wouldn't buy any more PM's until we see if the market relaxes.

The only thing I'm certain about today is volatility.

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#4) On September 24, 2009 at 3:05 PM, ChrisGraley (30.25) wrote:

http://www.kitco.com/images/live/nysilver.gif/p>

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#5) On September 24, 2009 at 3:06 PM, ChrisGraley (30.25) wrote:

http://www.kitco.com/images/live/nysilver.gif>

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#6) On September 24, 2009 at 3:06 PM, ChrisGraley (30.25) wrote:

http://www.kitco.com/images/live/nysilver.gif>

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