Is good news bad for prices of precious metals?

Counterpoint to the above article

Thought it was interesting that I ran across this just an hour ago on a blog I read. Always 2 sides to a story.

"I got 100% out of stocks because it is a totally rigged game. I'm into precious metals because I believe that they will protect me for the duration of this rat-infested Congress & Presidency"

Totally rigged? I'm sure there are some like minded on this particular forum that believe that, so you're not alone by any means.

It been my experience, over 30 years, that most fully reporting Nasdaq or big board stocks go up or down in the LONG RUN bases on there ability to make products, provide services or develop resources that people buy or don't buy at levels that are going top make that company profitable or not. In the sort run there is always manipulation buy shorts longs and shady dealings, no different than the metals market, real estate or baseball cards. I don't invest for the short run I know most on here don't as well, so I think the manipulation arguments are over exaggerated in almost any market over the longterm. Maybe I'm missing something but a vocal number of folks on here are always venting about manipulation in the metals market, but some on here apparently put virtually every long term investing dime in the same market they lament is being manipulated by the "banksters" or fed?

I have some physical metals and some mining stocks so I'm not anti metals, neither are most of the less than die-hard bugs on here. There is no perfect investment, there is no crystal ball, there are only less than brilliant humans, well most of us anyway , trying to not blow up our portfolios in the short run and prosper in the long run. I don't think making a undiversified all or nothing bet, in a less than liquid market (physical metals), is the best way to accomplish it....but that's just me.

The market went up today because of bad news. Investors are betting a weakening economy will prompt the Fed to continue QE, so the party could last a little longer.

A weak dollar should mean higher gold prices ... nothing makes sense anymore.

Equity markets continue to rally and gold is testing 1200 as I write this

Yes, good news is bad. Look at gold this week as it now appears that nothing
is going to happen in Syria.

<< <i>Unemployment is down, the dollar is stronger, the stock market and real estate market have been doing well.. >>


I didn't buy it in 2007 and see even less reason to buy it now. The dollar is the prettiest pig in an ugly pig contest. Doesn't mean the dollar is not ugly - only means it is not as ugly.

There's not much difference between
+ 17 trillion and
- 17 trillion that our leaders can't figure out live on C-Span. We raise the debt ceiling then sigh because nothing collapsed with the insertion of QE.

Of course, they (our leaders) are not underground digging in the mines, and those miners aren't being paid in "metal" or with much respect if it's a paper pay day. So thank the unions for protecting the workers.

There's a reason China called the U.S. " Paper Tiger." Our paper's pretty tough stuff in the world, and our pen is mightier than our nuclear teeth.

Holders of PM have seen their purchasing power decline by 60-80% since this thread was started.

Maybe they (PMs) are a relative value now.

@rawteam1 said:

@tneig said:
I'm putting this on the refrigerator....

Another winnner from dbc, looks like Dow up 10,000 points from there, prolly qqq, spx and every other one also up big...

I tell ya the man is a genius...

must be, the trolls love him.

I hope you are right about China and India. I expect the United States to be doing well. China and India have the potential to do well, but face extraordinary political, environmental (especially water), and demographic issues.