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Gold is at $1252

Discussion in 'Off Topic Threads' started by PerazziBigBore, Sep 2, 2010.

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  1. PerazziBigBore

    PerazziBigBore TS Member

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    I don't get it.. Stock market is up.. Gold is up.. Dollar is down..
     
  2. grunt

    grunt TS Supporters TS Supporters

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    Dollars down whats why gold is up. Treasury doesnt have any money left..
     
  3. PerazziBigBore

    PerazziBigBore TS Member

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    I understand the dollar value vs. gold price.. But.. stock market up should drive gold down.. I'm totally confused.. which now is a daily state..
     
  4. Fast Oil

    Fast Oil TS Member

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    Stock market is up compared to 2009 but still below the 2007 high (DJIA) With swings of 141 down and 250 up in 3 days, still don't think the traders are confident in the economic plan of Congress and BO.
     
  5. Big Heap

    Big Heap TS Member

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    After the election and Obama's commission to lower the debt reports, all will be revealed. Cash is trash and the dollar is supported by hot air.
     
  6. Bisi

    Bisi TS Member

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    I think the stock market is up in anticipation of a Republican victory in Nov. I don’t know if it will go much higher. I think the market has already priced in the win for the GOP. I might be a little early, see what the market is doing the first of October. I think there is going to be a sell off after the election no matter which party wins. If the Repubs win both the house and senate the pros will be selling to take their profit on the recent run up, and if they don’t win I see an even bigger sell off.

    The dollar falling helps the large US multinationals. Coke sells their products overseas, in Euro, Pounds, etc… Then when they bring those profits home they convert their Euros into a lot more cheap dollars, and makes the bottom line bigger.
     
  7. recurvyarcher

    recurvyarcher Well-Known Member

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    Time to melt down some jewelry...
     
  8. skeeljc

    skeeljc Supporting Vendor Supporting Vendor

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    Gold is up because of preservation of capital. It will remain high as long as there is risk of a second Great Depression. The word depression is still being used almost daily.

    Jim Skeel
     
  9. otnot

    otnot Active Member

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    Buy now before it goes to $1500+.
     
  10. shannon391

    shannon391 Active Member

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    Silver is $19.56 (poor mans gold}.
     
  11. cubancigar2000

    cubancigar2000 Well-Known Member

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    Gold is not done yet, dont sell it yet. A depression is so near it is scary
     
  12. wireguy

    wireguy TS Member

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    The gold market isn't believing what the stock market is saying, and with good reason.
     
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