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re: Bought gld and slv yesterday

Posted on 2/22/13 at 10:53 am to
Posted by Catman88
Baton Rouge, LA
Member since Dec 2004
49125 posts
Posted on 2/22/13 at 10:53 am to
Im just confused about what is going on with gld and slv right now. The market is tanking and taking PM with it? Countries are having financial concerns and PM is in the tank?

Posted by AUtigerNOLA
New Orleans, LA
Member since Apr 2011
17107 posts
Posted on 2/22/13 at 11:12 am to
quote:

The market is tanking and taking PM with it?


I wouldnt say the market is tanking.

IMO the dollar is the main reason why gold is going down with silver. The Dollar has soared this month. You can see the trend when comparing the charts with gold vs dollar.

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