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

Julio · January 5, 2015 4:03AM

Go figure Why?

roadrunner · January 5, 2015 5:57AM

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.

Julio · January 5, 2015 6:41AM

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

roadrunner · January 5, 2015 6:53AM

<< <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.

RedneckHB · January 5, 2015 6:56AM

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.

ricko · January 5, 2015 9:33AM

Gold, oil, stocks, the dollar.....ups and downs....round and round she goes....the ultimate game of chance...Cheers, RickO

Overdate · January 5, 2015 5:30PM

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.

derryb · January 5, 2015 9:49PM

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.

johnny9434 · January 6, 2015 1:00AM

<< <i>Go figure Why? >>

not figuring at this point

TwoSides2aCoin · January 6, 2015 2:04AM

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

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

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