Thursday... Gold to take a dive?

Discussion in 'Stocks & Derivatives' started by ShinyStuff, Sep 17, 2013.

  1. ShinyStuff

    ShinyStuff New Member

    Joined:
    Apr 29, 2011
    Messages:
    569
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Australia
    Listening to Sky's YOUR MONEY YOUR CALL and a panel member was talking about gold mining stock, and he said that Thursday if THE FED "tapers off" then gold stocks will take a hit. That may explain why Argent Minerals is sliding down fast.... I don't get it how gold and silver are heading south when the logic is they should be at the very least keeping level.

    Shiny.
     
    ShinyStuff, Sep 17, 2013
    #1
  2. boston

    boston Well-Known Member Silver Stacker

    Joined:
    Jul 7, 2009
    Messages:
    3,857
    Likes Received:
    24
    Trophy Points:
    48
    Location:
    Australia
    It's a strange market that does the opposite of conventional wisdom.
     
    boston, Sep 17, 2013
    #2
  3. SilverSanchez

    SilverSanchez Active Member

    Joined:
    Jan 17, 2011
    Messages:
    2,653
    Likes Received:
    13
    Trophy Points:
    38
    Location:
    Melbourne
    If everybody assumes Gold will take a hit, I assume those people have already sold their gold (if they ever owned any)

    therefore its possible to say .... who is left to sell?

    The canundrums of the market
     
    SilverSanchez, Sep 17, 2013
    #3
  4. jparrie

    jparrie Member

    Joined:
    Apr 12, 2011
    Messages:
    757
    Likes Received:
    2
    Trophy Points:
    18
    Location:
    Australia
    You don't have to own it to sell it.
     
    jparrie, Sep 18, 2013
    #4
  5. willrocks

    willrocks Well-Known Member Silver Stacker

    Joined:
    May 10, 2012
    Messages:
    7,777
    Likes Received:
    7,199
    Trophy Points:
    113
    Not in the paper markets.
     
    willrocks, Sep 18, 2013
    #5

Share This Page