Why have PM"s been so volatile lately??

Julio

Just don't have a clue as to it's cause. TIA. Take care. jws

Wolf359

Bull markets are always this way with greed dominating one day and profit taking the next.

It's going to get much more volatile.

CaptHenway

<< <i>Just don't have a clue as to it's cause. TIA. Take care. jws >>



IMHO, logic says that the dollar should be dropping like a rock and gold soaring.

Instead, the dollar has made a decent recovery, and gold has splunged.

Either the big boys are manipulating the currencies and the precious metals again, or the Dubai near-default scared everybody worse than we know. If you have a USA dollar bill from 1862, it is still legal tender money. No other country can say that. Many people around the world know and appreciate the fact that our money stays money, even if it does depreciate somewhat along the way.

MOO

TD

roadrunner

Money is sloshing around like a slow-moving domino effect that started with Dubai debt concerns then to Greece and now throughout the Euro-region. The Euro gets plastered and the dollar revives even though there is no fundamentally sound reason behind it. The dollar is rising because it is perceived to be worth more percentage-wise vs. the Euro....and both are becoming worth(less). At the same time the fear trade jumped back into play so money is landing in dollars as well as treasuries over the past 2 days. Commodities, stocks, and any other liquidity ("risky") trades are being sold. It will end as soon as its realized that the dollar are treasuries are in fact the most "risky" trade. It's more about perceptions regardless if there is any substantiation behind it. Some of the weaker hands in the dollar carry trade are seeing their profits being scalped and they are bailing. The hedge funds are booking commodity and stock profits for the year as well. The last one in gets the rotten egg. Lots of cross currents playing in all directions including options expiration. But don't worry, all will be well next week when another $100 BILL or so in TBonds needs to get sold.

roadrunner

Bear

Expect bigger and bigger swings in PM

and currency as the various Governments

start losing control of income, debt and

currency. Investment companies, big banks

and wealthy individuals and desperate

Governments, will take advantage

of this loss of control to maximize their

profits or continue the Government ponzi

scheme at the expense of society at large.

We are all living in a very dangerous time

indeed.

Mesquite

I like this video of Jim Rogers. Video

tggr

very informative