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09-13-2012, 01:58 PM
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#1
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Valued Poster
Join Date: May 3, 2011
Location: Out of a suitcase
Posts: 6,233
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Stock Market hits near 5 year high,
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09-13-2012, 02:02 PM
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#2
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Valued Poster
Join Date: Jan 6, 2010
Location: Ikoyi Club 1938
Posts: 7,060
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The Fed is printing money.
Here comes the inflation.
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09-13-2012, 02:05 PM
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#3
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Valued Poster
Join Date: Feb 9, 2010
Location: Here
Posts: 14,191
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the fed printed $ and the market hit a high
get busy boys, and fire up the printing presses !!!!
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09-13-2012, 02:52 PM
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#4
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Upgraded Female Account
User ID: 50897
Join Date: Oct 22, 2010
Location: Dallas
Posts: 3,035
My ECCIE Reviews
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But gold and silver went up too. That shouldn't happen (as far as I've ever seen, which could be the end of my nose for all I know) gold rising w/ the market (because of QE3) is not what should be happening.
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09-13-2012, 02:59 PM
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#5
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Account Disabled
Join Date: Jan 20, 2011
Location: kansas
Posts: 28,773
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A win win for Obama...
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09-13-2012, 03:03 PM
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#6
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Valued Poster
Join Date: Feb 9, 2010
Location: Here
Posts: 14,191
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unlike years past, gold and silver prices can be explained with 2 words
India and China
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09-13-2012, 04:28 PM
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#7
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Upgraded Female Account
User ID: 50897
Join Date: Oct 22, 2010
Location: Dallas
Posts: 3,035
My ECCIE Reviews
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Something's not right. I'm not trying to steal any of obamas glory but my sniffer says there be wolves out.
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09-13-2012, 04:29 PM
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#8
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Valued Poster
Join Date: Oct 4, 2011
Location: ,
Posts: 441
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Quote:
Originally Posted by LovingKayla
But gold and silver went up too. That shouldn't happen (as far as I've ever seen, which could be the end of my nose for all I know) gold rising w/ the market (because of QE3) is not what should be happening.
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Why shouldn't it?
Cash, new bonds paying lower rates, so money flows to alternative investments.
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09-13-2012, 04:33 PM
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#9
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Valued Poster
Join Date: May 20, 2010
Location: Wichita
Posts: 28,730
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Gold isn't increasing in value, the dollar is decreasing.
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09-13-2012, 04:35 PM
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#10
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Upgraded Female Account
User ID: 50897
Join Date: Oct 22, 2010
Location: Dallas
Posts: 3,035
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The market and metals usually work opposite. If the market goes up then gold should go down and vise versa. Having them both go up means one of them is being supported artificially.
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09-13-2012, 04:36 PM
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#11
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Valued Poster
Join Date: Mar 10, 2010
Location: Houston
Posts: 5,740
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The weak dollar also drives up the price of oil. Pretty soon we'll be able to heat our homes with dollars, by burning them. 
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09-13-2012, 04:38 PM
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#12
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Valued Poster
Join Date: Feb 9, 2010
Location: Here
Posts: 14,191
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in the past the drivers behind precious metal/s increasing prices have been hyper inflation and the rapid fall of the US Dollar ... since gold has been on the upswing for so long, and neither hyper-inflation or a rapid downswing in the dollar has taken place in the interim, look to emerging markets for your answer ..
gold could top out at 4-6K ..
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09-13-2012, 04:58 PM
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#13
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Valued Poster
Join Date: Dec 14, 2011
Location: Key Largo
Posts: 1,384
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Quote:
Originally Posted by CuteOldGuy
Gold isn't increasing in value, the dollar is decreasing.
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I hit the like button!!!
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09-13-2012, 05:29 PM
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#14
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Valued Poster
Join Date: Jun 12, 2011
Location: Olathe
Posts: 16,815
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Gold is up, Silver is up, Oil is up, and the debt is up. Kind of balances out the stock market and the so-called 1%.
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09-13-2012, 07:59 PM
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#15
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Account Disabled
Join Date: Feb 15, 2012
Location: Houston
Posts: 10,342
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The denial that there has been no inflation is interesting.
I see it all around.
I see the dollar buying less of the same thing.
Fuel prices are up, food prices are up, just about6 everything is up.
Cable bill is up,
There are very few things that are down in price. Except real estate. Depending on where you look to buy.
Even with low interests people are afraid to buy.
I thinkit is about time to buy some more houses. Rent is way up and house prices are way down.
It is a damn shame that my company is having the worst year ever. Thanks Obama.
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