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Anyone care to explain todays price action

pmcollectourpmcollectour Posts: 1,211 ✭
in Precious Metals
Gold & Silver up nicely

Platinum & Palladium down sharply

Comments

  • OverdateOverdate Posts: 7,007 ✭✭✭✭✭
    Monetary metals up nicely

    Non-monetary metals down sharply

    My Adolph A. Weinman signature :)

  • secondrepublicsecondrepublic Posts: 2,619 ✭✭✭
    Someone could spin a story about how Pt and Pd are more "industrial" metals, but that wouldn't explain why they have also risen along with gold and silver the last few years (up until very recently). I'm not sure of the reason for the latest decline, but the air definitely seems to be leaking out of the palladium balloon.
    "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)
  • jmski52jmski52 Posts: 22,822 ✭✭✭✭✭
    It looks like there's a monetary crisis going on. More people are becoming more concerned about their money than they are about buying their next new car.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • mrearlygoldmrearlygold Posts: 17,858 ✭✭✭


    << <i>It looks like there's a monetary crisis going on. More people are becoming more concerned about their money than they are about buying their next new car. >>



    I'd really like to know what the percentages are thesedays of people who buy and who rent, er, lease. I can't find it while searching.image

    Coin's for sale/trade.


    Tom Pilitowski
    US Rare Coin Investments
    800-624-1870

  • 57loaded57loaded Posts: 4,967 ✭✭✭


    << <i>

    << <i>It looks like there's a monetary crisis going on. More people are becoming more concerned about their money than they are about buying their next new car. >>



    I'd really like to know what the percentages are thesedays of people who buy and who rent, er, lease. I can't find it while searching.image >>



    not to hijack the thread topic "trend" is your friend
  • MsMorrisineMsMorrisine Posts: 33,019 ✭✭✭✭✭


    << <i>Monetary metals up nicely

    Non-monetary metals down sharply >>



    manufacturing metals down

    gold and the cheap gold substitute up

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    Silver was so hammered already it's probably immune to another crunch so soon. It's acting like a combination of a monetary and commodity metal.
    Gold looks like it was held back today, silver in some respect as well. They have both been coiling the past several days but basically meandering upwards.
    Gold wanted to run into the $1660's or $1670's during NY trading today but it wasn't allowed. So it was kept down in the $1645-$1659 range until the close.
    Now at $1660 again in post NY trading.

    Stock market bounced intially today but then pulled back sharply. Took most everything but the dollar and TBonds down with it. Odd though that cattle and hogs
    have been a safe haven through this as well.......souieeeee.

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • derrybderryb Posts: 36,793 ✭✭✭✭✭
    Industrial vs. pretty?

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

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