What is going with metal prices?

Silver dropped 0.8%, gold dropped 0.44%, and palladium dropped 1.7% in about 20 minutes this tuesday night. It is quite the drop! What's up with these metals?

 

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The mad wizard who controls these things got drunk on potions last night and has a really bad hangover.

 

Australia just raised its interest rate to fight inflation.

 

Profit taking. As Silver approached the $25 level a lot of sellers put their positions up for sale and the same with gold. $1370 seems to be around the range that the sell orders kick in.

I believe the large blocks of futures are computer managed and when the profit level hits, the sell orders are generated. So instead of a smoother graph line, it is stepped as each level is reached ?

 

Today may be the day to buy. acing: TC

 

Yep... and according to Bix Weir, today may be the LAST day you can buy... so buy, buy, all you can!

 

The fluctuations are irrelevant and immaterial. Gold and silver have been in a bull market for a decade, but have been volitile all the way up. It's just business as usual. Get used to it.

 

Just a little knee jerking as the election results came in.

 

Well, there isn't a lot of movement yet. But it is early. With the continued devaluation of the USD and the hammering of it abroad, PMs may very well continue the Bull run for a while yet.

 

There are 2 stories here about PM and the dollar. Indications are that the USD is strengthening against most foreign currencies ( or reversely, foreign currencies are weakening against the USD.

http://www.cnbc.com/id/15837548/cid/108448/sh/3

 

The fed is due to buy back 500b to 1t in govt debt so, interest will drop.

 

This is probably why we don't see the inflation and extremely high PM prices that so many people had been predicting. I do believe that a little fiscal responsibility, and curbing the amount of money we have been printing in recent years sure couldn't hurt though.

 

The debt there buyin back means(and the news said it too) that they need to print more money to do it!

 

Does anyone know of a country where people actually get to free vote that isn't printing a lot of money? This financial problem is not isolated to the US. Low interest loans can stimulate small and large businesses as well as make improvements in the housing sector. I am very pleased that the election has stirred up all parties and has brought the people back into governing. If Ethics are enforced I believe that between now and the next two years, we will see the most responsive government of the last decades. IMO.

 

Off topic, but here goes: the government is run by crooks. They seek to undermine your dollars, and thus expropriate them from you. Either through inflation or devaluation. THE ONLY HEDGES ARE AS FOLLOWS: Precious Metals: Property- land, in raw form, with a paid for house on it: Death before retirement. Life in an impoverished third world country. Bowery-Chicago Illinois.

 

...never mind. No sense getting into trouble.

 

Either the world's bankers are reacting to the buyback of T-bills or the election results. They may see the number of conservative seats as a return to policies that created this economic downturn and quite possibly a greater double dip Depression than otherwise ? It seems the world is in a panic mode. Maybe their memories are longer than the American Voters ?

 

Big money doesn't follow or care about elections. Elections are meant to entertain the viewers of Fox News and MSNBC so they can't figure out what is really going on in the world. Watch the Fed, Russia and China. Everything else is a diversion.

 

What is going on with the metals? Answer: QE2 (Quantitative Easing).

 

Usually in panic modes, equities take a nose dive. Today , my stock/options account beat the % increase in gold, not a common event I agree, but I do not detect any panic buying or selling. The volatility index is very low and barring natural disasters, things seem very stable. I am pleased that some inflation is showing its face, as I greatly feared deflation for the nation. Since PM are just a part of my investments, I may start selling off some. I would rather be early than late. Some buying may be due to the confusion caused by the talking heads and newsletters. I have never figured out why if PM are going to infinity, they don't just keep the info to themselves to use for their gains~ less competition.