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How come dow's down 5.83% yet gold & silver aren't up way up
Smittys
Posts: 9,877 ✭✭✭✭✭
Smittys
Posts: 9,877 ✭✭✭✭✭
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Cash is king today
m
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Stock market moved up too quickly, just a correction that needed to happen. Does not affect gold/silver. The dollar is still strong and corporate earnings are just fine.
bob
I'm just impressed they are holding their ground while the market is in an absolute death spiral. Dollar is not strong lol it's plummeting toilet paper. Get ready for GW 2.0
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
Yes, just not so much pesos or cryptos.
.> @Justacommeman said:
Cash is always King...without it, you'd be bartering for your necessities.
The dollar seems to be holding steady right now....at least on http://money.cnn.com/data/markets/... We shall see if the plunge continues.... Cheers, RickO
Is this the start of "THE GREAT SPLUNGE?"
sellers are sitting on the cash, looking for a lower re-entry.
I dumped it into TVIX three days ago, why wait for the dust to settle when you can make money on the dust.
I suspect some of that sideline cash will start creeping into PMs in a few days.
Updated: And out of TVIX with a nice return.
Paper is expensive, and gold is patient.
I was wondering the same thing. I guess investors are cash ready on the sideline waiting for the dust to settle !!!
Let's assume that someone is heavy into stocks and they get hammered on a day like today. I wouldn't expect them to immediately sell out of the stock market and jump into precious metals. I'd expect a change in psychology to start taking place if the stock market continues down, but someone who's licking his wounds is more likely to be scared and cautious than ready to jump into something else right away. If the paradigm has shifted, it will take some time, more or less, before the realization takes hold. We live in interesting times. My opinion.
I knew it would happen.
Part of this is the spector of rising interest rates and increasing bond yields. Neither of those things are a positive to pm prices.
Plunge Protection Team may have halted recent unprecedented Dow Jones spiral
Paper is expensive, and gold is patient.
The less cash on hand the last 9 years the better ; )
m
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
I guess I'm a superhero. Lol
Knowledge is the enemy of fear
When Warren Buffett said the DOW would at 1,000,000 within 60 years he knew what he was talking about.
Money is in abundance. Thanks to QE and debt ceilings. We are rich.
``https://ebay.us/m/KxolR5
The new budget compromise fashioned by the Senate brought folks together by committing to buy everybody everything they wanted.
Money in abundance, indeed!
Here's a warning parable for coin collectors...
A rising stock market is just around the corner.
This somehow reminds me of a roadrunner cartoon.
I knew it would happen.
When you have a big shock in the market, what actually happens initially is that gold prices don't respond in a very positive way, and the reason for that is because the immediate risk-off trade is normally into the U.S. dollar and U.S. treasuries, and that's exactly what happened in 2008; gold actually fell first when [stocks] crashed, but only then really started to pick up."
And I may say I'm not Un-Pleased.