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Markets Set To Tank As More Credit Downgrades Come

BanemorthBanemorth Posts: 986 ✭✭✭
in Precious Metals
Looks Like Metals Are Diving Too...
Justin From Jersey

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Comments

  • jmski52jmski52 Posts: 22,822 ✭✭✭✭✭
    S&P must really be trying hard to get their credibility back. Too late, in my opinion.

    I always like to check jsmineset.com on the left hand side of the page whenever there is "news".

    It seems that every time the metals crash, the dollar has been "goosed". It appears to be a very high correlation coefficient.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    Gold had pushed up +$140 on essentially three $60 up moves since bottoming in December. A pull backed seemed due.
    This was just the news to push it over the edge, but the correction seemed like it was already in progress.

    But who would have ever thought France was still worthy of AAA...other than the rating agencies that is?

    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
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