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10 days flat sideways, why?

tneigtneig Posts: 1,505 ✭✭✭
in Precious Metals
Who knows about tomorrow and 2013, but why do you think its so flat the last 11 days?
Is everything in the 'wait and see' mode? Its not even a real dip for the end of year,
since its just been about flat for 11 days..
COA

Comments

  • derrybderryb Posts: 36,790 ✭✭✭✭✭
    I'm waiting to see.

    "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

  • GRANDAMGRANDAM Posts: 8,505 ✭✭✭✭✭
    Big banks and big government are trying to beat down precious metals to make the dollar appear stronger.

    JMHO, GrandAm image
    GrandAm :)
  • OPAOPA Posts: 17,119 ✭✭✭✭✭
    Not enough buyers....to offset profit takers.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • derrybderryb Posts: 36,790 ✭✭✭✭✭
    keep in mind that spot is determined by paper trading. Physical price (plus premium) only rolls along with it. The physical market will eventually divorce itself from paper pricing and establish its own market that will be independent of paper trading. At that time you will see physical price increases while paper price is decreasing. Widening difference of supply/demand of physical vs. that of paper will determine when this occurs.

    "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

  • DoubleEagle59DoubleEagle59 Posts: 8,307 ✭✭✭✭✭
    I think 2013 will be a good year for PM's.

    How much, I don't know, but it should be substantially positive.
    "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)
  • cohodkcohodk Posts: 19,095 ✭✭✭✭✭
    Equal buyers and sellers.
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

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