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 Replies: 33 / Views: 3,029 |
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Pillar of the Community
United States
1590 Posts |
I hope nothing but the best for all those hurt by Sandy. And don't wish anything bad to those unfortunates.
Having said that there are some indications that Sandy will cause Billions in damage. And just as in Japan after the Nuclear plant problems, investors had to convert their gth funds into dollars/yen to rebuild. Well, I think this qualifies as a gth scenario for a lot of people.
With people selling and exiting their long positions do you see a short term downward pressure on prices?
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Pillar of the Community
Australia
7096 Posts |
I doubt that the big players will be too adversely affected by the resulting damage caused by "sandy". Some of the Mum and Dad investors may well have to "Cash in" their PM stashes to cover the unexpected expense but I can't see this affecting the market in any way. It may be that the costs involved in this event may have to be worn Primarily by US the government adding to the inflationary pressures on the US dollar and that could actually give the PM prices a boost  The insurance payouts will be huge and the damage caused to public infrastructure will also be a great expense. The money has to come from somewhere. Here's a novel idea  . Let's just simply print some more  |
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Pillar of the Community
 United States
1590 Posts |
Be interesting to see if any of the Insurance companies have extensive positions in the Commodities.
As for the big boys not being affected....I don't see how they can not. The news is that the Exchange is under 4 FEET of water. There is major damage to Banks, and Businesses. As you say the Money to make payroll and cleanup has to come from somewhere. And are we sure all of them have flood insurance? Hurricane Insurance? You know the Insurance companies will drag their feet about making pay outs, not with losses on this massive scale. And the Gov't bailing out wall street the week before an election? Not likely. After, sure, but this was about short term pressure
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Pillar of the Community
United States
3670 Posts |
Its gonna be a mess for sure, economically, cleanup, etc., and lets be realistic like most disasters, could not have picked a worse time to hit, God be with those not able to get out of the path of the wrath....
Very creepy that would we have a Katrina level hurricane hit just a couple months before Dec 21st. Worldly coincidence or not....
Natural disasters are just a part of this chaotic Universe, but I don't recall this section of the country ever getting hit this hard....
I love the ocean and if I could live in paradise I probably would risk it, but when you live on the coast in any part of the world you just gotta realize you got one more major thing to worry about....
I live in east T.N. a real safe zone protected by mountains on all sides. If a 6 mile asteroid has us lined up in its sights it really would not matter, or a tornado or major high wind storm perhaps. But it is gonna take a major swell from the ocean to get to where I am located....
Edited by Silverhawk74
10/30/2012 12:08 am
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Pillar of the Community
United States
1200 Posts |
I think they're warming up the printing presses at the mints as we speak...
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Bedrock of the Community
13014 Posts |
The big boys may not be directly affected, but if the price stars falling they could sell to secure their long term profit and just reenter later. Itll be anyones guess what happens but the markets, at least the stock market, will be closed for a couple days
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Pillar of the Community
United States
1590 Posts |
Hawk, I'm with you. God Bless them all!
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Pillar of the Community
Australia
7096 Posts |
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but the markets, at least the stock market, will be closed for a couple days That only applies to New York, The rest of the World has stock markets as well |
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Bedrock of the Community
13014 Posts |
Yep but my portfolio only has new york ones right now so those are all I'm concerned with lol. On a serious note though if the others see a bloodbath from this (which I dont think they will) some may consider closing until NY opens back up. Its unlikely but not impossible.
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Pillar of the Community
Australia
7096 Posts |
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Yep but my portfolio only has new york ones right now so those are all I'm concerned with lol. On a serious note though if the others see a bloodbath from this (which I dont think they will) some may consider closing until NY opens back up. Its unlikely but not impossible.
It might actually be quite interesting over the next couple of days without interference from some of the manipulators on wall st. I really can't see the rest of the Worlds stock markets shutting up shop just because the NY exchange has suffered a bit of water damage, I imagine that they will just carry on as normal. I have my suspicions ( and I doubt that I am alone in this) that most of the manipulation of the PM markets are initiated from that now flooded exchange. But not to worry in a couple of days everything will be just dandy at the exchange and the status quo will remain  |
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Bedrock of the Community
13014 Posts |
All the markets have a large part of it, I'm not sure NY has any significant increase over the others. Western markets I would believe cause the most movement, but it can move a heck of a lot just from the London/Europe opening so they definitely have some juice over there.
I agree I dont think the other markets will close but if they bleed money from some panic they would. Insurance companies will take a hit from this but we could see some construction companies get a boost. Theres a lot of salt water in NYC right now where water wasnt supposed to be. Could be a while before their trains and are up and running again
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Pillar of the Community
Australia
7096 Posts |
I think that all this chat about the financial effects of this storm is pretty premature and my main concern is for the welfare of the millions of people in its path of destruction. How about we keep our concerns and worries for the poor buggers in harms way and ponder the other effects at a later date  |
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Valued Member
United States
117 Posts |
All from what I'm reading...all in all, we're going to see the truth of PM prices without the manipulators in wall street. But who doesn't say there's also manipulators in all the other markets as well. I'm sure if I was someone with so much money, the next thing would be to control the world, I'd invest in all the markets, not just one. I'm sure it's easier to control the smaller/newer markets compared to the ones more established.
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Pillar of the Community
United States
965 Posts |
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Let's just simply print some more How about we let your government print more money |
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Pillar of the Community
Australia
7096 Posts |
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How about we let your government print more money We MAKE money over here we don't just print it |
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Pillar of the Community
United States
1590 Posts |
I just read that volume is so subdued that a single large long or short can move the market in any direction it so chose's. Must be nice to make money simply by putting money in the market or taking it out!
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Replies: 33 / Views: 3,029 |
Posted 10/29/2012 11:33 pm
