Gold prices dropping

Originally Posted by olddude

any one got a gun I can borrow for a minute or two . 3 days ago I bought 1200 lbs of mixed boards at $2.50

Sorry olddude, but as much as it sucks I wouldnt want to be one of the bigger buyers on here right now. I think that it is going to get a bit worse before we see a turn around. July 1 is what I am waiting for, if the fed raises interest rates and stops printing money like they say they are going to do, i think metals will rebound and the rest of the markets are going to take a crap. All the big time players are letting everyone else get out of metals and dump money into stocks knowing that the economy is not as strong as the govt wants us to believe.the general public doesnt think that the govt freebies will ever end but when reality sets in it will be too late and those that have the metals will have the real power going foward. Goldman Sucks wants as many people dumping metals as possible so they can buy at the lower rate to off set when they bought at 1600. They know **** well the ceiling for metals will never reach $2000 as the experts predicted in late 2012. So when those that are dumping metals and reinvesting in stocks have that "oh crap what did I do" moment, thats when the big players will buy as much metal as possible and screw over the people that they are supposedly looking out for their best interests, their own customers.
If you can hold out for a bit longer and try to get buy on secondary scrap from your ewaste I think you will be glad you did...