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re: Gold...why is it down?
Posted on 2/20/13 at 8:35 am to RCDfan1950
Posted on 2/20/13 at 8:35 am to RCDfan1950
Gold has a well documented history of increasing in value as investors flee the market in periods of economic decline/uncertainty. The fact that gold is now decreasing in value is probably an indication that the leading macroeconomic indicators (CPI,Inflation,Housing Starts) combined the DJI topping 14,000 has investors moving back into the equity market.
4
Posted on 2/20/13 at 8:38 am to wiltznucs
Yep, W...just watched Stewart Varney and some dude say the same thing. Even while Countries are engaged in what is a printing frenzy/currency war.
Said that gold just 'sits there'...with no real return; and that a lot are jumping in the Market.
Way over my head.
Said that gold just 'sits there'...with no real return; and that a lot are jumping in the Market.
Way over my head.
Posted on 2/20/13 at 10:48 am to wiltznucs
quote:
increasing in value as investors flee the market in periods of economic decline/uncertainty.
Not exactly, gold fell almost 25% in 2008 and this coincided with the fall of the market. People were selling to cover their other losses. When the economy is looking soft gold tends to suffer as it is seen as an inflation hedge.
Posted on 2/20/13 at 3:19 pm to wiltznucs
quote:
Gold has a well documented history of increasing in value as investors flee the market in periods of economic decline/uncertainty. The fact that gold is now decreasing in value is probably an indication that the leading macroeconomic indicators (CPI,Inflation,Housing Starts) combined the DJI topping 14,000 has investors moving back into the equity market.
The majority of the world has been in an economic decline/uncertainty since 2008. Gold was increasing in value well before that. If investors are jumping back into the equity market because the DJIA is topping 14,000, then it looks like they still haven't learned their lesson and are going to lose money, again and again and again. Didn't anyone hear about the leaked emails by Wal-Mart execs worried about February being the worst revenue month in years?
Federal Reserve proganda smashing gold and silver prices.
Posted on 2/20/13 at 3:29 pm to wiltznucs
quote:
Gold has a well documented history of increasing in value as investors flee the market in periods of economic decline/uncertainty. The fact that gold is now decreasing in value is probably an indication that the leading macroeconomic indicators (CPI,Inflation,Housing Starts) combined the DJI topping 14,000 has investors moving back into the equity market.
This is my understanding, as well.
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