Seeking Alpha

Precious metals fall off a cliff as well as it becomes clear no new candy is imminently...

Precious metals fall off a cliff as well as it becomes clear no new candy is imminently forthcoming from the Fed. Gold -2.3% to $1,747/oz., Silver -2.5% to $36.22/oz. Oil slides too, -0.6% to $105.94. (also)
Comments (3)
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    Buy the dip.....candy is coming every day here...Fannie may needs more...food stamps need more..Disability income needs more...Medicare.Medica... security needs more..Unemployment needs more....lol..if you think QE III is not working right now....and add in the ECB adding another 600 billion euros....off we go
    29 Feb 2012, 11:26 AM Reply Like
  • thotdoc
    , contributor
    Comments (1597) | Send Message
     
    I agree. There never was going to be new candy. The candy box is overflowing.

     

    Who thought there would be new stimulus from the US? I look at something like this sell off and wonder...Are people this stupid? Or, was this an engineered drop?

     

    Whatever.
    29 Feb 2012, 12:21 PM Reply Like
  • Stilldazed
    , contributor
    Comments (2113) | Send Message
     
    How can it be falling off a cliff if it is still above where it was 2 weeks ago?
    1 Mar 2012, 11:58 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|