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 Replies: 12 / Views: 1,584 |
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Pillar of the Community
Mexico
1304 Posts |
Okay folks...what happened to put a spike in the silver price. I mean, I know its Friday and the powers that be like to drive the price up on a Friday.
What happened today?!?!
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Pillar of the Community
United States
648 Posts |
Mainly due to the fact of the anticipated Bernanke talk at Jackson Hole. Then again, it could be anything.
NEW YORK (Reuters) - Stocks rose on Friday after Federal Reserve Chairman Ben Bernanke, expressing "grave concern" for the stagnating U.S. job market, said the central bank was prepared to take further steps to strengthen the economy if necessary.
Edited by tripncoins
08/31/2012 5:43 pm
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Pillar of the Community
United States
1064 Posts |
Right, he didn't even say they WOULD do something, just said they were prepared! Volatility is the name of the game, and I suspect will be for the next year or two...
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Pillar of the Community
United States
1454 Posts |
Pure speculation. Watch it cool down in the coming days.
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Pillar of the Community
United States
4008 Posts |
More talk from Europe as well. Investors must be thinking that this is a positive step, although the talks held over there so far seem to be a lot of noise with little substance.
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Valued Member
United States
141 Posts |
i feel like its pure speculation, but who knows when it stops
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Pillar of the Community
United States
1903 Posts |
QE3 (and I am not talking about Queen Elizabeth the third)...it is coming....rest ashured. Any time the value of the dollar goes down...PMs go up...often significantly. It may not happen right away, with the election and all, but is inevitable. We will see a lot of volitility until that day...but then I see it making a strong Bull run for 2013.
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Pillar of the Community
United States
4008 Posts |
Quote:
Any time the value of the dollar goes down...PMs go up...often significantly. Indeed so. When money is made cheaper by dilution (aka money printing aka QE) it takes more fiat to purchase that oz. of PM. This is also true of stocks because those shares represent part ownership in a real company. Companies that make things of value and earn increasing amounts of money doing it also rise in value when the dollar is cheapened. |
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Bedrock of the Community
Australia
21788 Posts |
More important to Australia is the iron ore price. That has gone down by arouind 15%.
The relevence to the rest of the World is that China is exporting less to Europe.
That could be a pretext to a slowing World economy.
China's export market to Europe combined is bigger than that to the U.S.A.
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Pillar of the Community
Australia
7096 Posts |
Quote:
More important to Australia is the iron ore price. That has gone down by arouind 15%.
Look up a company called Sino iron, This may be the reason why the price has dropped 15%  We put the steel mill liners in these things and they are huge in comparison to most mills. This project is huge and they have other iron ore projects as well. If the Chinese own their own mine why would they pay higher costs for ore?  |
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Pillar of the Community
United States
1026 Posts |
Well if Gold goes up just a few more dollars I will tell the wife to sell her gold that she bought at a to high of price and hold the cash to buy more when it drops again.
Almost back to when she bought and I told her not to :)
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Pillar of the Community
United States
1064 Posts |
Basically, these geopolitical and economic situations are so complex and intertwined, I find it difficult to listen to any of the 'experts'; I don't believe anyone can truly tell us where prices are going, other than up over the very long term!
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Pillar of the Community
United States
4008 Posts |
 , Jack. Looking at the world, regional, and even national economic / financial situations is like trying to look at a 1,000 axis graph and make any sense of it. There's just too much info and too many weightings of info for anyone to make any real sense out of it. Maybe a super-computer could make sense of all this data but then again, maybe not. |
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Replies: 12 / Views: 1,584 |
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Posted 08/31/2012 5:56 pm
