Interesting Market Observation
Gerry Fortin's daily blog included this comment today:
What is remarkable about the current sales environment is that U.S. gold is dead. I've not seen this phenomenon before where a substantial product line simply stops selling. One would have expected that with gold stabilizing over $2000/oz, that collectors would be confident in the long term value of the yellow precious metal and would continue accumulations. However, the opposite is taking place with gold being out of favor. If someone has a good explanation, I would certainly like to hear it. My only thesis is that collectors are being impacted by the overall U.S. economic conditions though the equity market continues to roar ahead. Something just does not make sense at the moment.
Coinlearner, Ahrensdad, Nolawyer, RG, coinlieutenant, Yorkshireman, lordmarcovan, Soldi, masscrew, JimTyler, Relaxn, jclovescoins
Now listen boy, I'm tryin' to teach you sumthin' . . . . that ain't an optical illusion, it only looks like an optical illusion.
My mind reader refuses to charge me....