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Gold is down about 1.4 % and silver is up slightly. I haven't seen this in a while. Thoughts?
Gold and silver are behaving differently today
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Gold and silver are behaving differently today
by theo » Mon Jun 22, 2015 11:51 am
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Re: Gold and silver are behaving differently today
by 68Camaro » Mon Jun 22, 2015 2:12 pm
Duly noted but unsure of cause. They are both still bouncing off the apparent bottom -in terms of USD - so it may just be noise. Gold would be down because of herd mentality over the possibility that they are kicking the Greek exit can down the road. Silver could be up (very slightly) for same reason in anticipation of greater industrial use. Dunno. All I got.
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The further a society drifts from the truth, the more it will hate those that speak it. George Orwell.
We can ignore reality, but we cannot ignore the consequences of ignoring reality. Ayn Rand.
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Re: Gold and silver are behaving differently today
by Recyclersteve » Mon Jun 22, 2015 11:53 pm
Don't forget the saying- one day does not a trend make. The problem with this is that the same thing could happen five days in a row and it still wouldn't really be that significant. In other words, silver is a long ways from a significant breakout. Even if you did see a big move on silver (or gold for that matter), I'd want to make sure the breakout was accompanied by high volume. During the traditional summer doldrums, that is even more difficult to achieve. For gold and silver you can check volumes for GLD and SLV on the stock markets. It would be nice if volumes were at least 50% more than average.
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Please note that ANY stocks I discuss, no matter how compelling, carry risk- sometimes substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) as well.
Please note that ANY stocks I discuss, no matter how compelling, carry risk- sometimes substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) as well.
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