Any idea why PM's are dropping like a rock?

Appears silver is down to $27 and gold down too. Any reason?

 

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Improved investor risk appetite coupled with sustained low interest rate environment.

 

In other words demand is focused elsewhere.

 

Good article on why: http://www.coinweek.com/bullion-rep...pears-and-silver-acting-more-like-base-metal/

 

PM's are dropping because they aren't going up.

Chris:devil:

 

Rotation out of PM's into equities.

 

Because there are only two directions PMs can go. It chose not to go up.

 

Hopefully it goes down to 5/oz

 

I asked the Magic 8 Ball and was told "Very Doubtful."



:too-funny:

 

The Gov't is balancing the budget (deficit) and paying down the National Debt. PM's are so old school.

 

Idk but I'm loving it. Sink faster!

 

What are your sources? As far as I know, the debt is still piling up faster than what is being cut.

 

My economics professor said that in the past year the fed has increased the money supply 10% yet inflation is only 2%. Prices will eventually catch up.

I see no reason to hold PM anymore *sarcastic*.

 

Obviously you're being facetious and political. That said, if the US Govt did decide to run a net profitable budget and pay down the national debt, they would need to offer sufficient interest rates to do so. That would, in turn create an inflationary environment, which would cause PM prices to go up, not down.

 

Tell your professor to review the definition of inflation. M3 has increased 10%, but demand for M has actually increased along with the supply boost of M3, as such, inflation may actually slow even further in the short run. As demand for dollars as a store of wealth increases (due to FUBAR approaches by the EU to curb runaway inflation in member states), the demand for dollar denominated PMs will continue to be soft.

 

The odds are that nothing will hit the fan, the USD will continue to strengthen against foreign currency baskets, jobs are increasing, and the nation ( except for certain groups ) feels that positive events will occur in the future. Even Smith and Wesson has dropped more than 11% over the last year, Ruger about 20% since December, SO,,,,, More people are removing the tinfoil and thinking for themselves about the direction of the economy. Sure a dip in the stocks should be expected, but recovery is faster than PM. Catastrophes can occur ( who can predict asteroids crashing, or volcanoes erupting, but armed insurrection due to economy doesn't seem on my horizon. I will lose some in PM, but gain elsewhere. Best to you. IMO.

 

What country do you live in?

 

The same one as S&W and Ruger. And you??

 

How much has M1 increased?

 

It is a joke:yes: