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<p>[QUOTE="desertgem, post: 1111484, member: 15199"]There are so many of these types of threads, I don't remember which one I mentioned that the stock market going down doesn't always mean the PM prices would go up. We are seeing such a reaction in the market today. Yesterday was more the beginning of this trend of both down. The stock traders, after a decrease of rather large proportion over the last 3 days, and possible tomorrow, needed margin money as most were raging bulls with little cash surplus. So they sold their PM holdings to eliminate those margin calls. Yesterday it appeared the retail traders were buying PM due to the crisis(es), but those seem to have dropped out today. It is a risky call to buy more PM here, but if you are cash heavy, a little might turn positive. I have been buying distressed stocks I have previously passed on excessive evaluation, but now are looking much better <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /> Luck to you, make your own decisions, as I have been wrong before.</p><p>Jim[/QUOTE]</p><p><br /></p>
[QUOTE="desertgem, post: 1111484, member: 15199"]There are so many of these types of threads, I don't remember which one I mentioned that the stock market going down doesn't always mean the PM prices would go up. We are seeing such a reaction in the market today. Yesterday was more the beginning of this trend of both down. The stock traders, after a decrease of rather large proportion over the last 3 days, and possible tomorrow, needed margin money as most were raging bulls with little cash surplus. So they sold their PM holdings to eliminate those margin calls. Yesterday it appeared the retail traders were buying PM due to the crisis(es), but those seem to have dropped out today. It is a risky call to buy more PM here, but if you are cash heavy, a little might turn positive. I have been buying distressed stocks I have previously passed on excessive evaluation, but now are looking much better :) Luck to you, make your own decisions, as I have been wrong before. Jim[/QUOTE]
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