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Pow!

WeissWeiss Posts: 9,942 ✭✭✭✭✭
in Precious Metals
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We are like children who look at print and see a serpent in the last letter but one, and a sword in the last.
--Severian the Lame

Comments

  • PerryHallPerryHall Posts: 46,356 ✭✭✭✭✭
    Silver also took a big jump. What's going on?

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • secondrepublicsecondrepublic Posts: 2,619 ✭✭✭
    gold seems to have consolidated around $1,000, which is a good thing. the longer people get used to it being over $1,000, the better.
    "Men who had never shown any ability to make or increase fortunes for themselves abounded in brilliant plans for creating and increasing wealth for the country at large." Fiat Money Inflation in France, Andrew Dickson White (1912)
  • mhammermanmhammerman Posts: 3,769 ✭✭✭
    Hummm...went to the Food Town Sunday and it was cash only, no food stamps, credit cards, only cash; thought that was strange as it has never happened before. Gold up almost 20 buks in a couple of hours with silver up 2.5% in the same period, and read the last few pages of Kitco Gold Forum "gold's action" with particular attention to Cyclists post. Pow indeed! Oh, yeah, look at the spike in the DOW after lunch. Cash is king, get 'cha some.
  • konsolekonsole Posts: 795 ✭✭✭
    last couple months the stock market and the metals have been going opposite to the dollar. The dollar goes up about .5% and silver will drop 50 cents. Investors are either selling the dollar to buy stocks, or selling stocks to buy the dollar.
  • DoubleEagle59DoubleEagle59 Posts: 8,342 ✭✭✭✭✭


    << <i>Silver also took a big jump. What's going on? >>



    Nothing's going on, just the steady and unstoppable climb of PM's.
    "Gold is money, and nothing else" (JP Morgan, 1912)

    "“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)

    "I only golf on days that end in 'Y'" (DE59)
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