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 Replies: 10 / Views: 1,492 |
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Pillar of the Community
United States
1450 Posts |
At 12:30 eastern time gold is up $34 and silver up almost $1. I am surprised to see this move today. I figured it was coming but expected it a day or two later. I wonder what all of this portends?
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Pillar of the Community
United States
5862 Posts |
I think this simply reflects panic buying as people try to stock up before whatever disaster they think will happen if "the other guy" gets elected instead of the guy they want to see elected.
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Pillar of the Community
United States
4008 Posts |
I dunno, guys. Maybe what we are seeing is just a relief rally? People will be SO GLAD that it's finally over, regardless of "victor". :-/
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Pillar of the Community
United States
1660 Posts |
A one or two percent move in a global market? Might have as much to do with rain in Africa or holidays in India than which male millionaire wins an election in the U.S.
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Pillar of the Community
 United States
1450 Posts |
I don't think it is directly related to the election. That probably is a component of it but I expected folks to sit on cash until AFTER the election results were finalized. The move of this size just seemed to come out of nowhere,especially when dollar strength has been so strong lately.
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Bedrock of the Community
13014 Posts |
Ive stopped trying to make sense of anything that happens on election day.
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Pillar of the Community
United States
3670 Posts |
A gain of 35 bucks or so an almost a dollar is pretty insignifcant imo....
If we see 1750 an 33 we may see a push at a time it norm falls but I am puttin my chips on goin back down still yet....
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Pillar of the Community
United States
5832 Posts |
I have stopped trying to figure out who maybe the lesser of the two evil when come time to vote, which ever party wins, hope for a better future.
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Pillar of the Community
United States
3670 Posts |
Obama has to big a lead an as soon as he takes the demo heavy Florida it's done....
Oh we'll stack up on pmz- long run they should be profitable....
Edited by Silverhawk74
11/06/2012 10:10 pm
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Pillar of the Community
United States
3670 Posts |
Looks like the Asian markets started slow but are pushin again as we'll-silver back to 32.09....
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Pillar of the Community
United States
1590 Posts |
They say that the trading is so thin that A SINGLE large customer can move the market where they want it by simply entering or exiting the market. Meaning that if a big boy entered the market heavily long then the market would go long just by his buying enough shares. Guaranteed profits. Nice little gimmick, no?
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Replies: 10 / Views: 1,492 |
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Posted 11/06/2012 4:42 pm
