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This week's relative performance

BaleyBaley Posts: 22,661 ✭✭✭✭✭
in Precious Metals
image

makes me thirsty for a cafe latte

Liberty: Parent of Science & Industry

Comments

  • jmski52jmski52 Posts: 22,869 ✭✭✭✭✭
    Owning metals during a week like this is like hitting yourself over the head with a ball peen hammer. It feels so good when it stops.image

    Of course, the opposite can be true as well.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • VanHalenVanHalen Posts: 3,994 ✭✭✭✭✭
    Take Monday out of this week and it looks quite different.

    Next week and the rest of this spring will tell us much more.
  • cohodkcohodk Posts: 19,155 ✭✭✭✭✭
    People gotta eat and stay warm.
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • rickoricko Posts: 98,724 ✭✭✭✭✭
    All part of the PM game.... Cheers, RickO
  • TheRegulatorTheRegulator Posts: 1,218 ✭✭✭
    Considering that I can't stand coffee and like silver and gold, I'm really liking the looks of that chart. image
    The Tree of Liberty must be refreshed from time to time with the blood of patriots and tyrants. -Thomas Jefferson
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    All commodities have been getting whipsawed for weeks or months. That chart could be turned upside down next week.

    Coffee in particular has been pounded 57% lower for 2 yrs. It's possible Monday was a bottom of sorts. It's gonna take a lot more than a 5 day rally to get excited again.
    When sugar finally bottoms, then I'll start to get the feeling that the commodity correction has run its course.

    Coffee had a strong gap up on Friday - may have to get refilled first

    News out Friday was that a fungus was ravaging the coffee crops in Central America. Could take a couple years to play out.
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • derrybderryb Posts: 36,837 ✭✭✭✭✭
    buy high, sell low? Not me, I'll do the opposite.

    Natural forces of supply and demand are the best regulators on earth.

  • jmski52jmski52 Posts: 22,869 ✭✭✭✭✭
    I simply can't justify NOT taking a few nibbles here & there.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
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