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Precious metals on the move as economy slumps

Comments (6)
  • filipo
    , contributor
    Comments (2741) | Send Message
     
    Looks like gold is bound for a nice ride up.
    3 Feb, 10:52 AM Reply Like
  • DeepValueLover
    , contributor
    Comments (8160) | Send Message
     
    All I heard last summer was how gold is quickly going to triple digits as it is obvious that the economy had mended and gold is only for panic, end of the world trading.

     

    Oh well...
    3 Feb, 12:43 PM Reply Like
  • thx1104
    , contributor
    Comments (8) | Send Message
     
    Even with manipulation and naked shorts, gold is holding on to recent gains. Subtle buy signals are just not enough for some people. Plus, it is terrifying to realize that strong gold may mean a weak dollar.
    3 Feb, 12:51 PM Reply Like
  • David at Imperial Beach
    , contributor
    Comments (3261) | Send Message
     
    A modestly weaker dollar would be fine. It would allow our exports to become more competitive and help to rectify our balance of payments. But "QE4" is a scary thought because it almost certainly would usher in hyperinflation. We were given a reprieve last time because the Euro was even weaker than the dollar, and the bullion banks were able to rein in the price of gold. But now gold is set to rebound and no amount of manipulation will force it lower, and Europe is a little less likely to trip on it's own shoelaces.
    3 Feb, 01:16 PM Reply Like
  • filipo
    , contributor
    Comments (2741) | Send Message
     
    David,
    "and Europe is a little less likely to trip on it's own shoelaces. "
    Don't underestimate black beast Greece:
    http://bit.ly/1eteSil
    There will be a backlash when they'll come 'n beg for more money in the summer.
    3 Feb, 02:24 PM Reply Like
  • phdinsuntanning
    , contributor
    Comments (1200) | Send Message
     
    my two cents, Asian investors that moved their savings out of China, Japan to US tocks in 2013 are taking profits and returning to their safe haven au+ag!
    3 Feb, 01:52 PM Reply Like
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