DJIA Slipping. What does this mean for PM's?

This forum is for discussing hunting and collecting US and Canadian circulation Silver Bullion Coins, other types of minted bullion, and other types of precious and base metal investments other than Bullion Pennies and Nickels.

Please Note: These articles are to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it.

DJIA Slipping. What does this mean for PM's?

Postby silverstacker » Mon Feb 03, 2014 9:57 pm

In the past few weeks I have seen the DJIA slip not only 100 points a day but over 200 points a day until the 346 points it fell today. How much longer can the market take and when will we see a move on PM's in an upward tick? I know that consumer confidence is an ultimate decider but how much of a dip is enough? My thought is that if we have another poor showing like we did today tomorrow or even at some point this week we will start seeing a sense of urgency in the market to sell which will cause a landslide. Thoughts?
“The Bitterness of Poor Quality Lingers Long after the Sweetness of Low Price is forgotten”
User avatar
silverstacker
Penny Hoarding Member
 
Posts: 761
Joined: Mon Jan 06, 2014 8:22 pm

Re: DJIA Slipping. What does this mean for PM's?

Postby johnbrickner » Mon Feb 03, 2014 10:59 pm

If stocks take a dump, what's left for a flight to quality aside from PMs and other such commodity type stuff? Perhaps more important to ask will be how much PMs and other such commodity type stuff will need to be sold to cover margins on the stock losses?

Perhaps the flight to quality will be cash? It seems like there has been an awfully large lot of money created but a dearth in circulation.
johnbrickner
Post Hoarder
 
Posts: 2674
Joined: Sat Jan 02, 2010 3:00 pm
Location: Upstate NY

Re: DJIA Slipping. What does this mean for PM's?

Postby silverstacker » Wed Feb 05, 2014 6:08 pm

There is no doubt in my mind that this year the DJIA will be tested and then tested again. 2013 was red hot for investors and the market will pay for it this year. There is not too many more positive things the FED can do to manipulate it anymore. Or can they?
“The Bitterness of Poor Quality Lingers Long after the Sweetness of Low Price is forgotten”
User avatar
silverstacker
Penny Hoarding Member
 
Posts: 761
Joined: Mon Jan 06, 2014 8:22 pm

Re: DJIA Slipping. What does this mean for PM's?

Postby SilverDragon72 » Thu Feb 06, 2014 9:52 pm

silverstacker wrote:There is no doubt in my mind that this year the DJIA will be tested and then tested again. 2013 was red hot for investors and the market will pay for it this year. There is not too many more positive things the FED can do to manipulate it anymore. Or can they?



Eventually, the FED's Medicine will become toxic and poisonous! :sick:
User avatar
SilverDragon72
1000+ Penny Miser Member
 
Posts: 1609
Joined: Mon Feb 27, 2012 6:16 pm
Location: South Central Wisconsin

Re: DJIA Slipping. What does this mean for PM's?

Postby Silverfondler » Thu Feb 06, 2014 11:17 pm

If the QE taper continues like they plan and market continues to correct itself to Fair-Market value & the silver mines start slowing down due to it being around $21 and OZ to mine. I think we will start to see supply and demand issues along with lack of confidence in the markets to the masses. That in my mind will do it for the PM markets to go on the rise. Will see how this plays out and what Yellen does in the coming months. The FED meeting in the end of March ought to be a good one...
Silverfondler
Penny Sorter Member
 
Posts: 59
Joined: Wed Jan 29, 2014 9:57 pm
Location: Minnesota


Return to Silver Bullion, Gold, & other Bullion Metals

Who is online

Users browsing this forum: No registered users and 106 guests