Home Site Map

 
Go Back   Kitco Forums > The Markets > Gold discussion group
Register FAQ Members List Calendar Search Today's Posts Mark Forums Read

Reply
 
Thread Tools Display Modes
  #1  
Old 01-26-2011, 10:14 AM
composer790 composer790 is offline
Member
 
Join Date: Jul 2008
Posts: 372
Arrow Dow just hit 12000 mark

Dow just spiked above 12000.... lets see what FOMC says at 215pm

Will this put more selling pressure on gold?

Will there be a selloff in the stock market?
Reply With Quote
  #2  
Old 01-26-2011, 10:37 AM
lonewolf lonewolf is offline
Member
 
Join Date: Dec 2010
Posts: 1,245
Default

I have no idea. but I wake up and turn on cute Erin on cnbc, because I am hoping for a terrible stock market crash. i am sick of these white shoe boys and I want them to cry for awhile. be nice if gold and silver held while the market crashed so I could hear Kudlows saying that those fools in the end of the world trade were right after all...

And yeh don't write in and tell me I don't really want to see the market crash I know I know I know just that when POS gets hammered even people here on Kitco get crabby and want to blow off some steam.
Reply With Quote
  #3  
Old 01-26-2011, 11:06 AM
revitup's Avatar
revitup revitup is offline
Member
 
Join Date: Sep 2009
Posts: 1,502
Default

If Dow crashes how do think the PM miners will fair?
Reply With Quote
  #4  
Old 01-26-2011, 11:07 AM
lonewolf lonewolf is offline
Member
 
Join Date: Dec 2010
Posts: 1,245
Default

great question.
Another is if the dow crashes how will POS and POG fair.
Reply With Quote
  #5  
Old 01-26-2011, 11:12 AM
coindog coindog is offline
Member
 
Join Date: Nov 2010
Posts: 7,380
Cool why not

Quote:
Originally Posted by lonewolf View Post
I have no idea. but I wake up and turn on cute Erin on cnbc, because I am hoping for a terrible stock market crash. i am sick of these white shoe boys and I want them to cry for awhile. be nice if gold and silver held while the market crashed so I could hear Kudlows saying that those fools in the end of the world trade were right after all...

And yeh don't write in and tell me I don't really want to see the market crash I know I know I know just that when POS gets hammered even people here on Kitco get crabby and want to blow off some steam.
blowing off steam is a good thing, sometimes I sound like an old Penn- Central train. the stock/bond people are a handy target without getting personal. I feel better already.
Reply With Quote
  #6  
Old 01-26-2011, 11:27 AM
doobsta doobsta is offline
Member
 
Join Date: Nov 2008
Posts: 2,430
Default

Fantasy land...we are all living in it NOW...
__________________
Paper is poverty... it is only the ghost of money, and not money itself.

- Thomas Jefferson, 1788
Reply With Quote
  #7  
Old 01-26-2011, 11:33 AM
eurodollarconfetti's Avatar
eurodollarconfetti eurodollarconfetti is offline
Member
 
Join Date: May 2010
Posts: 740
Default

Quote:
Originally Posted by doobsta View Post
Fantasy land...we are all living in it NOW...
We will have a couple of "feel good" months. Orders from the White House!

__________________
ShadowStats: Silver $ 506,- per ounce and Gold $ 8702,- per ounce both based on SGS-Alternate-CPI-adjusted dollars.
Reply With Quote
  #8  
Old 01-26-2011, 11:33 AM
cornflakesdisease cornflakesdisease is offline
Banned
 
Join Date: Sep 2009
Posts: 572
Smile

Remember, gold was going higher even as the market went up (before the big crash). The fundamentals haven't changed. The debt ceiling will be raised, the states still have a nightmare with:

a. Their underfunded pensions
b. Their obligations to state employee health care both retired and currently working
c. Their over-all state debt

It's called QE3 . . . 4 . . . 5 . . . 6

Now add to that Japan's problems, Europe, and so forth.

Did I mention that if interest rates go up, all the above are toast?

Nothing is changed, only in the short run.

Man, this is so much like 1974.

Gold went from 1971 at $35 to about $175 in 1974, fell some, and then shot through the ceiling from 1976 to 1980.
Reply With Quote
  #9  
Old 01-26-2011, 11:39 AM
MyPrecious MyPrecious is offline
Member
 
Join Date: Nov 2008
Posts: 416
Default

The best stat on this:

The first time the DOW hit 12,000 gold was about $600.

This time it's, well - we all know where it is.
Reply With Quote
  #10  
Old 01-26-2011, 11:43 AM
fired's Avatar
fired fired is offline
Member
 
Join Date: Jan 2010
Posts: 1,247
Default

Funny thing is I hear commentators saying the reverse valuation as an argument for why gold should drop, same thing about the dollar index at 78. All these artificial indexes being used as guideposts against the only one that is true is very fun to watch.
__________________
$X2
Reply With Quote
Reply


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off


All times are GMT -4. The time now is 02:51 PM.


Copyright@ 2007 Kitco Inc.