PM Steady State as Dow Falls - What's coming?

tneig · April 10, 2012 5:51AM

The common PMs went down just a wee bit over the last weeks, now bouncing around the same general area for a bit. Seemed like no reason for any big plunge or rise. Just seemed like interest went a little flat. Now the dow took a dip (it was back and forth between a few hundred above 13000 as everyone was saying its a good market, - now a few hundred below 13000 and caught my eye).

What does that do to the gold and silver state? Can it be anticipated? Coming good time to buy?

Justacommeman · April 10, 2012 7:07AM

Interesting action. Normally one would associate a 300 point drop in the Dow the past two days with PM's and foreign currencies getting slaughtered in the process. It didn't happen. The dollar stayed put and gold in particular gained a little ground. Could very well be that many have been taking profits in the stock market at these levels as that's where the most money has been made recently.

Tomorrow, who knows.

MJ

jmski52 · April 10, 2012 7:21AM

It hasn't been a sharp enough stock market pullback to panic people out of their gold positions yet.

renman95 · April 10, 2012 7:43AM

So far the pull back is 'nuttin', barely back to an upward trend line. A nice correction would be welcome to let the sheeple get in and then run it up to the election and then pull the rugt ou. I'm not sure how the scheduled racial violence this summer will play on the markets. So far it's just the big boys trading amongst themselves. Besides, we're told rates are to stay near zero until the 2525, right.