SMACKDOWN 2

Discussion in 'Silver' started by Alfie, Aug 2, 2013.

  1. Alfie

    Alfie Active Member

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    This is getting fairly common
    Suspected favorable US job figures out tomorrow shouldn't drop gold by that much????
     
  2. thatguy

    thatguy Active Member

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  3. TreasureHunter

    TreasureHunter Well-Known Member

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    Yes, it's gotten typical. Friday the dollar rallies, the metals plunge. How wicked :rolleyes:
     
  4. volrathy

    volrathy Active Member

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    the usual smackdown normally happens when the chart gets to 10
     
  5. Aureus

    Aureus Active Member Silver Stacker

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  6. C.H.

    C.H. Active Member Silver Stacker

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    Motherflipping... (c) Flight of the Concords
     
  7. volrathy

    volrathy Active Member

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    [​IMG]

    Hold on guys its a epic smack up
     
  8. Aureus

    Aureus Active Member Silver Stacker

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    It's gonna take some serious news to get back to the days of dollar moves...

    Keep it up Ben, doing a great job...
     
  9. mmissinglink

    mmissinglink Active Member

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    I am a bit confused. I assumed that a recovering US economy would trigger a stronger USD and cause the Fed to slow down QE (slow money printing) which in turn would scare investors away from the paper markets (bonds especially) and into commodities like precious metals which in turn would boost the spot prices much higher.

    But so far, Fed hasn't signaled any specificity that it will slow down and even if it did, would that really mean that investors would rush into commodities when stocks still do well in an up economy? Isn't it really the big investors whose sentiment bends spot price far more to its will than all the demand by industry and all stackers combined?

    .


    .
     
  10. doomsday surprise

    doomsday surprise Well-Known Member Silver Stacker

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    US job numbers are in and they are pretty crappy. +166k but over half are retail and hospitality. Looks like QE will continue for a while yet, hence the spike in PM prices. :)
     
  11. mmissinglink

    mmissinglink Active Member

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    But they (jobs #'s) are better than projected so that would cause sentiment to believe recovery is fine. Maybe this is simply a volatile pm market....quick spikes up and down. It will probably spike down by the end of the US market day.


    .
     
  12. trew

    trew Active Member Silver Stacker

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    [​IMG]

    Whoosh !
     
  13. volrathy

    volrathy Active Member

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    21.61 to 22.61 in under 30 minutes
     
  14. trew

    trew Active Member Silver Stacker

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    You will go mad trying to apply logic to this market !
     
  15. Maggie

    Maggie New Member Silver Stacker

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    That was a boot up then :)
     
  16. Aureus

    Aureus Active Member Silver Stacker

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    makes sense to me, 185k expected and we got a lower number.

    Not going to see any tapering from Benny if that becomes a trend.
     
  17. trew

    trew Active Member Silver Stacker

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    Well we haven't seen any sign of tapering since January yet PMs got killed - explain that one

    So far this year it's been:
    economy looking bad - PMs down
    economy looking good - tapering fear - PMs down
     
  18. C.H.

    C.H. Active Member Silver Stacker

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    Way to ruin a group buy. :( Ok let's see where it ends up.
     
  19. metalzzz

    metalzzz Well-Known Member

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    How does 90 cents blow your hair back?
     
  20. Aureus

    Aureus Active Member Silver Stacker

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    what is that meant to mean? :/
     

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