Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By Mort Amsel (Reporter)
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

Gold Market Collapses

% of readers think this story is Fact. Add your two cents.


UPDATE:  Gold settles at $1,361.10, down $203.80 or 13.02% over 2 days; silver settles at $23.36, down 5.66% over 2 days

 
The strengthening of the U.S. dollar, news that Cyprus could soon unload excess gold reserves, bearish outlooks on gold from big investment banks like Goldman Sachs, warning signs emanating from the Chinese economy, and just outright selling of gold by influential investors like George Soros, have all contributed to the gold crash that has seen gold enter a bear market.
 
The price of gold traded below $1,400 an ounce in Monday morning trading in New York. At one point gold fell to $1,364. Only a few days ago gold was hovering above $1,560 and in late March at $1,620. Gold’s tumble hit a new phase on Friday and accelerated on Monday, falling more than 8%. Other precious metals have also been hit hard, like silver, which fell 13% on Monday.
 
Gold is collapsing.  Makes no sense to me.  I thought gold was the safe haven.  Where are people going to?  -Mort



Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.


LION'S MANE PRODUCT


Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules


Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.



Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.


Report abuse

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    Total 6 comments
    • ElOregonian

      Come on Mort, why do you think precious metals are being manipulated down? HINT: The Banksters HATE competition against their fiat currency which is backed up by hot air. Their absolutely flooding the world with phony money and here in the USA we’re adding 85-125 BILLION dollars EACH MONTH, over 1 TRILLION a year and their telling us that the dollar is strengthening?

      Come on, how is that possible unless it is absolutely manipulated, especially since the 2nd largest Open-Pitt mine in the world has closed down for the next year because of a massive landslide. The mine, Kennecott, in Utah state has been closed since last Wednesday has not really even been mentioned in the media. Now why is that?

      Their is only a finite amount of gold and silver unlike paper GLD and SLV certificates which amount to 500-600 tonnes of paper metal, which is worthless.

      Just look at the fallen prices as a sweet gift and continue to stack ‘em.

      • Chief

        Well said, Sir, as always.

    • Fred C Dobbs

      I will be buying more gold come payday. I am also going to borrow from my 401k to buy. Silver was gone from coin shop on Saturday. Only one ounce silver rounds. They might be gone by now. Sellers have none to sell with willing buyers but the price goes down.

    • Fred C Dobbs

      I also saw no one selling Saturday, only buying.

    • Chief

      Mort the Retard, getting the wrong end of the stick again .. or more accurately, misleading the public. The truth is that the PAPER

    • Chief

      Mort the Retard, getting the wrong end of the stick again .. or more accurately, misleading the public. The truth is that the PAPER gold price crashed, but the PHYSICAL market is now on fire with huge shortages of both gold and silver.

      Now is the last opportunity to buy and ensure your future freedom, before the next move to enslave us all (ie. those with nothing else).

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.