Why so many $10 Indians in the B&M auction?
darktone
Posts: 8,437 ✭✭✭
More $10 Indians up for auction than I have seen in a long time. What's up with that? Not that I am in the market to buy right now but they are nice to look at.
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<< <i>More $10 Indians up for auction than I have seen in a long time. What's up with that? Not that I am in the market to buy right now but they are nice to look at.
Well, at least it can't because there are too many Chiefs and not enough Indians.
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<< <i>More $10 Indians up for auction than I have seen in a long time. What's up with that? Not that I am in the market to buy right now but they are nice to look at.
Well, at least it can't because there are too many Chiefs and not enough Indians. >>
Groan......
still fetch good money and the investors in those pieces will switch
to something else that has more potential.
if the stock market continues to rally.. we might see a lot of generic
gold hit the auction block as well as nicer pieces as people bail.
or it could just be an anomoly but i doubt it.
gold hit the auction block as well as nicer pieces as people bail>>
If the market rallies it will mean inflation has probably taken root and that deflation concerns are waning. If that case, gold "should " go up with the market. Every down day in the equities market takes gold down with it as traders flock to the US dollar and that becomes an anti-gold scenerio. At least that's been the trend. Market up/dollar down/gold up/oil up. Market down/dollar up/gold down/oil down. Obviously this is not an absolute but pretty close in most cases. I guess a flight from hard assests as a saftey trade into stocks could effect gold ( for those who hold gold for that reason), but it's a traders driven leveraged trade as the yellow metals market is very thin which of course drives spot gold..........JMO. MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
jom