Gold up Dollar down Inflation up.. Another Market meltdown soon?
Started by Riversider
almost 17 years ago
Posts: 13573
Member since: Apr 2009
Discussion about
Sept. 16 (Bloomberg) -- Gold rose to a record settlement price on speculation that a global economic recovery will stoke inflation. Silver jumped to a 13-month high as the dollar’s slump boosted demand for metals as alternative investments. The worst U.S. recession since the 1930s has probably ended, Federal Reserve Chairman Ben S. Bernanke said yesterday. The dollar slid to its lowest level in... [more]
Sept. 16 (Bloomberg) -- Gold rose to a record settlement price on speculation that a global economic recovery will stoke inflation. Silver jumped to a 13-month high as the dollar’s slump boosted demand for metals as alternative investments.
The worst U.S. recession since the 1930s has probably ended, Federal Reserve Chairman Ben S. Bernanke said yesterday. The dollar slid to its lowest level in almost a year against a basket of six major currencies as the economic outlook reduced demand for the greenback as a haven. Gold futures were 1.3 percent below an intraday record $1,033.90 set in March 2008.
“The dollar is being attacked on all sides,” Miguel Perez-Santalla, a sales vice president at Heraeus Precious Metals Management in New York, said in an e-mail. “The commodities are gaining on their already powerful momentum. It is all technical and investment buying.”
Gold futures for December delivery advanced $13.90, or 1.4 percent, to $1,020.20 an ounce on the Comex division of the New York Mercantile Exchange. Earlier, the price reached $1,023.30, the highest since March 17, when the metal climbed to the record.
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Response by se10024
almost 17 years ago
Posts: 314
Member since: Apr 2009
if there's another flight to quality dollar will rally
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Response by steveF
almost 17 years ago
Posts: 2319
Member since: Mar 2008
Not to throw more anxiety into buyers psyche but you know what a weak dollar means for Manhattan real estate(the world's best city). It means more Irish carpenters looking overseas.
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Response by ericho75
almost 17 years ago
Posts: 1743
Member since: Feb 2009
Mark this post...
We're marking a short term top here at 1067-1070 s&p. Next big move for s&pee should be down, target: 975.
Bonds are screaming at us...NOT SO FAST BUDDY.
Trade safe.
Hold on tight to your properties and....god speed my friends.
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Response by ericho75
almost 17 years ago
Posts: 1743
Member since: Feb 2009
Don't confuse my longer term outlook with my short term outlook (dips should be bought).
Lower grade corporate debt continues to rally (follow the leader).
In times of need, it's our buddy in UK that did most of the lifting for us. In over a year, treasury notes for UK is up over 250%!!!! Yes, that's 250%!!!! Oh my.
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Response by Riversider
almost 17 years ago
Posts: 13573
Member since: Apr 2009
Lots of volatility assumptions for the market are based on normal distribution. But what if this is wrong, and it's not a bell curve, but a Power curve. If that's true, and I kind of like this theory, the market will for the most part igore dollar weakness and rising gold prices, until we see a large moe and then PANIC SELLING!
if there's another flight to quality dollar will rally
Not to throw more anxiety into buyers psyche but you know what a weak dollar means for Manhattan real estate(the world's best city). It means more Irish carpenters looking overseas.
Mark this post...
We're marking a short term top here at 1067-1070 s&p. Next big move for s&pee should be down, target: 975.
Bonds are screaming at us...NOT SO FAST BUDDY.
Trade safe.
Hold on tight to your properties and....god speed my friends.
Don't confuse my longer term outlook with my short term outlook (dips should be bought).
Lower grade corporate debt continues to rally (follow the leader).
http://finance.yahoo.com/echarts?s=SHIAX#chart1:symbol=shiax;range=1y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Forget what they say, watch what they do.
http://www.treas.gov/tic/mfh.txt
In times of need, it's our buddy in UK that did most of the lifting for us. In over a year, treasury notes for UK is up over 250%!!!! Yes, that's 250%!!!! Oh my.
Lots of volatility assumptions for the market are based on normal distribution. But what if this is wrong, and it's not a bell curve, but a Power curve. If that's true, and I kind of like this theory, the market will for the most part igore dollar weakness and rising gold prices, until we see a large moe and then PANIC SELLING!