stock market and gold,silver

Discussion in 'Stocks & Derivatives' started by Peter, Jun 4, 2011.

  1. Peter

    Peter Well-Known Member

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    Qoute "Gold and Silver Showing Greed and Fear

    For example, if we take a look at the 4 hour chart of gold and silver you will see how investments which have a large amount of speculation like Silver move the opposite to what other related investments like gold are doing.

    The first chart which is gold, shows how today's fear had investors moving into this shiny safe haven. Silver on the other hand has been the investment of choice for every Tom, Dick and Harry trying to play the popular headline investment. So on a day like today when prices start to slide in the stock market these speculative holders of silver get scared and dump (sell) their position in stocks and silver. The problem with silver is that the market is still small and its does not take many people hitting the sell button to send it 5% lower which is what took place today. This is one sign which is telling me traders are getting scared of a market selloff."
    From

    http://www.kitco.com/ind/vermeulen/jun022011.html
     

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