Metal Prices

[FreedomUIC]

They are getting sucker punched right now. Guess the O'Govment shut down does
have an impact on PM's.....

 

[Marchas45]

may help but the dollar is also up 40. That also doesn't help.

 

[FreedomUIC]

may help but the dollar is also up 40. That also doesn't help.

Purely inflationary....

 

[jim4silver]

I guess you didn't get the memo Freedom, EVERYTHING is bearish for gold and silver. Dollar goes down, PMs go down. Stocks go up, down or the same, PMs go down. Demand for physical gold goes up, gold prices go down.

Basically, nothing in the new age makes PMs go up unless those who "game" the markets want them to, then they can ram silver to 50 in a matter of months (from below 20). I actually believe that those "folks" will do it again when the time is right.

Jim

 

[Marchas45]

I guess you didn't get the memo Freedom, EVERYTHING is bearish for gold and silver. Dollar goes down, PMs go down. Stocks go up, down or the same, PMs go down. Demand for physical gold goes up, gold prices go down.

Basically, nothing in the new age makes PMs go up unless those who "game" the markets want them to, then they can ram silver to 50 in a matter of months (from below 20). I actually believe that those "folks" will do it again when the time is right.

Jim

Lol The dollar went down yesterday and silver went up .60 cents then the dollar went up today and Silver went down. Lol

 

[pippinwhitepaws]

there was a piece on PBS...about how metal is skittish to invest....that diamonds are the value...retain their wealth when metal or dollars go poof.

 

[TreasurePirate69]

We are in a downward trend and have been. That means that the general bias for metals is currently negative. Because of that, silver can go down at the same time that the dollar goes down. Fear drove the price of silver to highs that just weren't sustainable. Now that the fear has subsided significantly, no one should be surprised that the price can still keep going down despite the fact that the dollar is also decreasing. But don't worry, fear can go back up at any time. So you may see that $50 silver again real soon.

All just my opinion of course.

 

[FreedomUIC]

Just a couple more dollars and Gold breaks into the $1,200's..... Wonder how everything will react when that happens...

 

[TreasurePirate69]

It might also be partially due to Yellen being chosen as a replacement for Bernanke. Perhaps people believe that she will be more positive for the dollar. I don't know anything about her yet so I have no opinion on the matter.

 

[jim4silver]

It might also be partially due to Yellen being chosen as a replacement for Bernanke. Perhaps people believe that she will be more positive for the dollar. I don't know anything about her yet so I have no opinion on the matter.

From what I am reading they are saying she likes QE and thinks inflation is "too low". Under the old rules that would be PM positive and dollar negative. But in today's world just think the opposite, so maybe that is dollar positive.

PS She kind of reminds me of "Grandpa Munster" from her photos (the younger folks won't remember that one probably).

Just my opinion.

Jim

 

[FreedomUIC]

$1,299.80 --->>> Witching Hour

 

[Marchas45]

$1,299.80 --->>> Witching Hour

I'm trying to find deals. Lol

 

[lastleg]

Yellin has in the past advocated negative interest rates so the street thinks she will follow Bernake's
gameplan and not hike rates.

 

[rex]

I guess you didn't get the memo Freedom, EVERYTHING is bearish for gold and silver. Dollar goes down, PMs go down. Stocks go up, down or the same, PMs go down. Demand for physical gold goes up, gold prices go down.

Basically, nothing in the new age makes PMs go up unless those who "game" the markets want them to, then they can ram silver to 50 in a matter of months (from below 20). I actually believe that those "folks" will do it again when the time is right.

Jim

i couldn't agree with you more.