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Started By
Message
Why aren't precious metals spiking?
Posted on 6/30/15 at 8:18 am
Posted on 6/30/15 at 8:18 am
With all the hysteria about Greece and the "imminent" collapse of the EU and other economies/currencies around the world, including the dollar, why have we not seen spikes in precious metals? 
5
Posted on 6/30/15 at 8:33 am to tigerpawl
Basically a strong dollar. Outside of grain and natural gas yesterday, most commodities were down.
Posted on 6/30/15 at 8:41 am to tigerpawl
quote:
With all the hysteria about Greece and the "imminent" collapse of the EU and other economies/currencies around the world, including the dollar, why have we not seen spikes in precious metals?
because no rational person thinks the EU is going to collapse. The EU is actually better off without Greese.....Don't pay attention to all the made for tv drama
Posted on 6/30/15 at 8:51 am to cave canem
So I'm supposed to take your conviction of a Greece exit when you can't spell the country's name correctly?
Posted on 6/30/15 at 8:53 am to Cmlsu5618
Posted on 6/30/15 at 9:00 am to Cmlsu5618
quote:
So I'm supposed to take your conviction of a Greece exit when you can't spell the country's name correctly?
This post was edited on 6/30/15 at 9:03 am
Posted on 6/30/15 at 9:07 am to Cmlsu5618
Greece's economy is the same size as Louisiana and accounts for 2% of the GDP into Europe.. It's gonna be ok...
Posted on 6/30/15 at 9:18 am to tigerpawl
The USD is in a bull market. There will be no commodity spikes of any significance as long as that is USD is in a bull.
Posted on 6/30/15 at 9:20 am to Cmlsu5618
So I'm supposed to take your conviction SERIOUSLY of a Greece exit when you can't spell the country's name correctly?
You are lacking an adverb, perhaps you meant to include one. I humbly suggest seriously, makes your statement flow much better.
You are lacking an adverb, perhaps you meant to include one. I humbly suggest seriously, makes your statement flow much better.
Posted on 6/30/15 at 9:22 am to Iowa Golfer
quote:
grain and natural gas
These two are kind of a in a world of their own as far as trading goes. They are much more seasonal (especially grains). Then in natural gas there is also the component of it not being a world wide traded commodity (I know with LNG it is heading there, but still a long way to go).
Posted on 6/30/15 at 10:06 am to tigerpawl
quote:
and the "imminent" collapse of the EU
Who is calling for this? It would be like Baker going bankrupt.
Posted on 6/30/15 at 12:24 pm to cave canem
You still haven't addressed your "Grease is gone" rationale.
Posted on 6/30/15 at 6:46 pm to tigerpawl
Greece is not that big of a player in the over economy of the EU.
The biggest loser of a Greek exit from the EU would probably be Germany but I don't think it would be that huge of a loss for them. Their economy is strong enough to take a haircut and wash their hands of them(Greeks).
However, I don't think the Germans would not take their loses sitting down. I think you could see some sort of trade-off for the Germans to forgive the Greeks debt. I have read of some off-shore gas/oil that is just waiting to be drilled. COuld be a good opportunity for some savy German investors.
BTW, PMs are still over-priced. Silver should be around $12/oz. Gold should be around $900/oz, maybe even less.
BTW, good points on the strength of the USD. Its basically the only thing out there.
The biggest loser of a Greek exit from the EU would probably be Germany but I don't think it would be that huge of a loss for them. Their economy is strong enough to take a haircut and wash their hands of them(Greeks).
However, I don't think the Germans would not take their loses sitting down. I think you could see some sort of trade-off for the Germans to forgive the Greeks debt. I have read of some off-shore gas/oil that is just waiting to be drilled. COuld be a good opportunity for some savy German investors.
BTW, PMs are still over-priced. Silver should be around $12/oz. Gold should be around $900/oz, maybe even less.
BTW, good points on the strength of the USD. Its basically the only thing out there.
Posted on 6/30/15 at 7:01 pm to Reubaltaich
Greece might not leave the EU. I can see that scenario.
I'm going to sell both gold and silver short and buy the dollar on your price targets.
Laffy.
I'm going to sell both gold and silver short and buy the dollar on your price targets.
Laffy.
Posted on 6/30/15 at 7:27 pm to Iowa Golfer
I am not going to say one way or another but the sole reason I am scared to go international is because of the currency risk with the strong dollar.
Posted on 6/30/15 at 8:18 pm to Janky
Delete.
This post was edited on 6/30/15 at 8:27 pm
Posted on 6/30/15 at 9:56 pm to Reubaltaich
quote:
Greece is not that big of a player in the over economy of the EU.
While this is true, if Greece defaults could lead to the other PIIGS (Portugal, Ireland, Italy, Spain) to leave the euro as well.
Posted on 6/30/15 at 10:05 pm to gpburdell
JPM massive short position. Strong dollar.
Posted on 6/30/15 at 10:18 pm to cusoonkpd
? Yes, JPM is short but taking massive delivery as well. The most since 08-09 I believe. Part of the post I deleted above. JPM also thinning their dollar position, to the extent an institution like JPM can.
Interesting observation. I deleted my post because I didn't want to argue about their physical long, paper short, and hidden carry trades. Anyway, you seem to have noticed most of this also.
Interesting observation. I deleted my post because I didn't want to argue about their physical long, paper short, and hidden carry trades. Anyway, you seem to have noticed most of this also.
Posted on 7/1/15 at 6:01 am to Iowa Golfer
quote:
'm going to sell both gold and silver short and buy the dollar on your price targets.
Hey, I wouldn't take my advice either.
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