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Monday commentary from Gary Savage

Big Al
September 30, 2013

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Discussion
20 Comments
    bb
    Sep 30, 2013 30:09 AM

    I thought the discussion was about gold, then Al asked whats your opinion on gold?
    lol Anyway, what I take away from that is Gary expects to test the “nominal” high of gold at about 1350? and come back down, if it goes lower than 1290 then gold continues down.
    Do I have that correct?

      bb
      Sep 30, 2013 30:24 AM

      My mistake, I didnt hear the start of the interview.

      Sep 30, 2013 30:57 PM

      I believe so, bb!

    Sep 30, 2013 30:17 AM

    A lot of sound and fury signifying nothing.

    If the price goes up, then expect higher; if the price goes lower expect lower. THEY will manipulate the price lower or it could be higher.

    Just ridiculous.

      Sep 30, 2013 30:28 AM

      That is what this market has disintegrated to – absurd AND ridiculous.

        Sep 30, 2013 30:29 AM

        HEY! I am back in the mix with my fellow “Korelinites”! Glory be!

          Sep 30, 2013 30:45 AM

          Welcome back, Marc!

            Sep 30, 2013 30:01 PM

            Thank you. Matthew.
            Really, really enjoyed reading all your incredible and studious insight…simply awesome, my friend!

          Sep 30, 2013 30:06 PM

          And, it is truly great to have you back, Marc!

          Was Sarah of any help?

        Sep 30, 2013 30:05 PM

        Are you referring to the market in general or to one interview?

      Sep 30, 2013 30:03 PM

      A little light John!

    Sep 30, 2013 30:32 AM

    The GOLD MARKET has been properly diagnosed and analyzed by the INTERNATIONAL FORECASTERS recent article – A MUST READ….PEOPLE!

      Sep 30, 2013 30:07 PM

      Who is writing International Forecaster now?

    Sep 30, 2013 30:59 AM

    John – you are right. This is the extent of GS analysis. Useless. Cover all your bets and say you were right.

    […] here Written by Gold […]

    Sep 30, 2013 30:01 PM

    Gary can to talk about these markets in the context of market cycle hocus pocus if he wants to. In reality the markets are reacting solely to the geopolitical and budget drama events almost exclusively. And, we have the cover of the Treasury Dept to step in to tweek the markets if anything gets out of hand. Wouldn’t want gold to go higher than 1350 for example.

      Sep 30, 2013 30:09 PM

      I agree with you Glen.

      Sep 30, 2013 30:00 PM

      On Sunday gold stopped at 1350 at the open. Once the budget is solved that could hit gold while gold has had no gains and then the payrolls report it will get hit again in advance.

    Oct 01, 2013 01:56 AM

    There is one point I have to agree with Gary here in that the major investment banks like Goldman Sachs is basically telling everyone to get out of gold. That gold is going to drift lower. They obviously are pushing it down and yes I agree the reason is because they want to buy it at lower levels.

      Oct 01, 2013 01:56 AM

      Morning cameronlego,

      When Gary started saying this I assumed he was nuts. Now I am not so sure.

      I will say; however, that I still don’t see $1000 gold.