Stocks down, metals up...................................
Julio
Posts: 2,501 ✭
Go figure Why?
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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.
<< <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.
Yes.
It would appear that oil finally followed the metals....and other commodities (grains, softs, etc.
Yes.
Knowledge is the enemy of fear
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
Natural forces of supply and demand are the best regulators on earth.
<< <i>Go figure Why? >>
not figuring at this point
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