The sky is falling

Steve27

OK so just gold, silver, platinum, and palladium are falling. I was expecting a correction, but once news of inflation came out, I was expecting metals to rise again.

JadeRareCoin

Everything seems illogical lately regarding how precious metals react to other economic factors. That's why I take any advice with a grain of salt.

notlogical

<< <i>Everything seems illogical lately >>

relayer

Looks like you were wrong then

RedTiger

In my opinion, logic went out with silver at $10 to $12. The rest of the run has been pure emotion, greed and fear, short covering-- people trying to be the hero and calling the top and then having to cover their *ss when the margin calls came in.

Again, these fast markets are not for me. Lots of money to be made, but only for the most nimble, and/or those on the right side of the bid/ask. I prefer to wait for the dust to settle and wait for a low risk entry point (and this is NOT one).

cohodk

but once news of inflation came out, I was expecting metals to rise again

Inflation keeps pressure on the FED to keep raising rates. That supports the dollar and keeps a lid on metals.

rgl1345

<< <i>but once news of inflation came out, I was expecting metals to rise again

Inflation keeps pressure on the FED to keep raising rates. That supports the dollar and keeps a lid on
metals. >>



Pat Robertson said that gold would go to $1500 right after the West Coast tsunami God told him about, so hang in there PM people

goose3

<< <i>

<< <i>but once news of inflation came out, I was expecting metals to rise again

Inflation keeps pressure on the FED to keep raising rates. That supports the dollar and keeps a lid on
metals. >>



Pat Robertson said that gold would go to $1500 right after the West Coast tsunami God told him about, so hang in there PM people >>




That's fine and dandy but does SaintDennis know about this prediction?

meos1

Metals did not move up for the same reasons that a rising tide does NOT lifts all boats.

rgl1345

<< <i>

<< <i>

<< <i>but once news of inflation came out, I was expecting metals to rise again

Inflation keeps pressure on the FED to keep raising rates. That supports the dollar and keeps a lid on
metals. >>



Pat Robertson said that gold would go to $1500 right after the West Coast tsunami God told him about, so hang in there PM people >>




That's fine and dandy but does SaintDennis know about this prediction? >>



I was afraid to tell him

TheRaven

Short term profit taking nothing more.....

With the rising prices of metals like copper and other materials, the other shoe to drop in Iran and many more factors.....

ABC123

You can expect whatever you wish---not likely you'll receive it !!

roadrunner

What correction? Generic gold held it's own even with gold falling $47.

Most $1 to $20 issues went UP this week. The few that didn't stayed the same or might have fallen 1%. $20 Libs in MS63 fell $10. Big deal. The 64's went up.

The $1's, $2-1/2's, $5's, $10's all pretty much went up. Looked like the smaller denoms finally got some attention. MS64 $1's Type 3 are up 10% this week......not bad for a correction. $5 LIbs in MS65 up 3%. Even MS65 Saints up 4% on CDN.

roadrunner

mhammerman

Two words...


MARGIN CALL

Steve27

Still falling:

holeinone1972

Buy BUy BUY

Maybe????????????

I wonder how many nasty emails the mint is getting from raising the rates on the gold.

Don't they notice what their price increase is doing to the market?

Rob