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re: Bought gld and slv yesterday
Posted on 2/22/13 at 11:54 am to AUtigerNOLA
Posted on 2/22/13 at 11:54 am to AUtigerNOLA
I haven't been keeping up, but any explanation for the rise in the dollar? Any foreseeable consequences from this type of market behavior?
1
Posted on 2/22/13 at 12:37 pm to RickAstley
quote:
I haven't been keeping up, but any explanation for the rise in the dollar? Any foreseeable consequences from this type of market behavior?
I am no expert and I am sure there are other people on the board that can give you a better answer than me, but I do research a lot. Here's what I think:
There are always several reasonings for this. One thing that stands out to me is the trend. The trend right now is the US Dollar. Because of this people will usually sell off their gold/other currency positions and put it into the greenback or treasuries. Another reasoning could be other countries are seen as being in a worse financial state than the US. So investors are seeing the Dollar as a better investment.
Here is an article I agree with in terms on why the dollar rises, usually. He gives pretty good answers: LINK
The only consequences I can see based on this, would be commodites prices and metals trending down.
This post was edited on 2/22/13 at 12:42 pm
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