how will the DJIA drop effect coin prices?

GoldenEyeNumismatics

or will they be effected at all?

seemyauction

to say that a market of that size (Dow Jones Industrial) has no effect at all on other markets is crazy.....

I think its more a question of mow much of an effect will it have......


AL

PRTCOINS

<< <i>or will they be effected at all? >>



The dow jones industrial has only 30 stocks in it, that will not impact coin prices its the commodities market that will.

Nysoto

I would love it if coin prices plummet, but a small percentage drop in stocks will have little effect. Did the 2000-2003 bear market affect coin prices? The 1987 20% correction? The 1975-76 bear market?

GoldenEyeNumismatics

<< <i>

<< <i>or will they be effected at all? >>



The dow jones industrial has only 30 stocks in it, that will not impact coin prices its the commodities market that will. >>



The NYSE also took a huge hit, so did the S+P. It is a global stock market drop. Are you saying that coins will be completely unaffected? I find that hard to believe

seemyauction

<< <i>

<< <i>or will they be effected at all? >>



The dow jones industrial has only 30 stocks in it, that will not impact coin prices its the commodities market that will. >>




The DOW is looked at as a market indicator....if its going up its a good indication that other markets will too.....if it going down.......


AL

PRTCOINS

<< <i>

<< <i>

<< <i>or will they be effected at all? >>



The dow jones industrial has only 30 stocks in it, that will not impact coin prices its the commodities market that will. >>



The NYSE also took a huge hit, so did the S+P. It is a global stock market drop. Are you saying that coins will be completely unaffected? I find that hard to believe >>



I believe that if the price of goild and silver drop dramatically than yes that will effect coin prices but why would the stock market affect these prices?

lava

I do not think it is as much a question of stock market performance as it is stock market sentiment. Obviously if the stock market got ridiculously cheap, the sentiment would turn bullish and money would chase stocks. In the absence of a strong sell out, the amount of money in the market should remain fairly stead, and will simply be shifted around.

It would take a rather significant downward move in the stock market to trigger significant money flows into the market.

I think most folks with their money in coins will stay in coins and ignore the stock market.

Precious metals, on the other hand, is a different story.

Coxe

In an inflationary recession, where would you rather have money? Some people park in cash or its equivalents. Others flee the stock market for tangible assets and real estate, the latter fishing for some sort of bottom first nowadays. It isn't exactly a negative beta to the indices, but there isn't a sympathetic relationship between the markets.

ricko

I collect coins.. the DJIA will not affect my collection at all. Cheers, RickO

flaminio

I'll take a look at my coins when I get home, but I suspect they'll look just the same as when I left this morning.

bluelobster

Here are some charts not an overlay but you can get the idea:



The dow chart is from 1960, the gold chart 1968 to 1999 and the PCGS coin index is from 1970
But while there may be some very small short term conection with the Dow in the long run the markets seem unrelated

lava

How many different posts do we need on this subject?

If someone has already discussed it, it's not "new."

CoinMaster1229

Stockmarket drop does effect coin market, it helps it! as wallstreet pulls out cash in a plunge, some of that cash will end up in coins. JMO.

bluespaceant