PM prices this last week or 10 days...
Meltdown
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What's been holding them down recently?
I keep expecting to see an increase if for no other reason than optimism
I keep expecting to see an increase if for no other reason than optimism
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<< <i>what should consumers be confident about????? >>
myCCset
<< <i>what should consumers be confident about????? >>
Exactly what I was thinking. There is a seasonal trend in precious metals which usually sees them sell off sometime in May hence the saying sell in May and go away then sometime later in the year they rebound or go higher. I think it will take some kind of event to jolt the metals higher as they seem incapable of advancing on their own especially in the face of massive naked short positions.
For example, does the ledger notation indicating transfer of gold in an international deal really affect the price of gold at the coin shop...hard to say if it would do much for the price so maybe this is not a good indicator, at least on the surface. How about paper gold people...it's still paper chasing paper, there really isn't any gold involved so does this affect the price of gold on the street? Yeah, we know it does and that's where we get to the premium for physical, maybe premium is a pretty good indicator of what gold is worth in USD and even more fun, a good indicator of near term future prices. Well, keep looking...just a quark.