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Stocks down, metals up...................................

JulioJulio Posts: 2,501 ✭
in Precious Metals
Go figure Why?
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Comments

  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    Maybe the stock market is finally figuring out that there's price deflation out there in most other markets and the FED "put" is not the lock it used to be. While there are similarities to fall of 2008, there are also some to August-October 2007. A hybrid year? 5th years of decades have almost always been good to stocks. So 2015 still may turn out to be gang busters if the next round of QE shows up....announced or unannounced.

    PM's have been moving counter to the stock market for much of 2014. So a counter move today is no surprise. I'm surprised at how well the PM's have been holding up despite the dollar now into the 91's.
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • JulioJulio Posts: 2,501 ✭
    Some time ago someone on the forum commented that the metals would follow oil. Hope they don't now fo;;ow oil down. Take care, jws
    image
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭


    << <i>Some time ago someone on the forum commented that the metals would follow oil. Hope they don't now follow oil down. Take care, jws >>



    It would appear that oil finally followed the metals....and other commodities (grains, softs, etc.). Gold bottomed 12 weeks before oil in 2008. No reason it can't do the same thing this time around. With gold being driven lower and lower, it's going to strongly impact mine production. And with commodity and oil prices way down, that will make the mining company input costs much lower. At some point that has to swing in gold's favor. It really comes down to how much of 2015 includes lowered commodity prices. It will be hard for PMs to counter that.
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • cohodkcohodk Posts: 19,087 ✭✭✭✭✭
    how well the PM's have been holding up despite the dollar now into the 91's

    Yes.


    It would appear that oil finally followed the metals....and other commodities (grains, softs, etc.

    Yes.
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • rickoricko Posts: 98,724 ✭✭✭✭✭
    Gold, oil, stocks, the dollar.....ups and downs....round and round she goes....the ultimate game of chance...Cheers, RickO
  • OverdateOverdate Posts: 7,007 ✭✭✭✭✭
    Gold just passed platinum . . . again.
    Gold 1207.30, Platinum 1207.00

    I think some of this is flight to safety because of stock market jitters.

    My Adolph A. Weinman signature :)

  • derrybderryb Posts: 36,779 ✭✭✭✭✭
    look for continued dollar index strength to takes it toll on commodities. I see dollar index hitting 100 before FED decides it's time to take it down. Oil, however, is responding to its own unique forces.

    "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

  • johnny9434johnny9434 Posts: 28,298 ✭✭✭✭✭


    << <i>Go figure Why? >>

    not figuring at this point image
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,283 ✭✭✭✭✭
    image

    CAN WE get a chartist to overlay the same time period for the Dow and compare ?

    Not sure about short term volatility, but long term; very little looks down when we start looking back. … except from a higher point
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