Posted on 10/16/2014 6:07:19 AM PDT by Cringing Negativism Network
Well the markets open in 20 minutes.
All are currently pointed down, prior to open.
But CNBC is saying weekly jobless claims are at a 14 year low!
All by design, of course.
The Treasury bomds have been forecasting this since before Ebola. Lower rates because of lack of growth. Lack of growth because of lack of good paying full time jobs.
hmm I thought gold would hold up as a hedge against my stocks/bonds. Deflation?
Stocks are improving (wondering however, whether the market is being manipulated at the moment) Gold and Silver are also still down.
Ebola is still not really in the calculations, in my opinion. Mostly.
If it was about Ebola — gold would be up.
When a TSA worker comes up with Ebola the airlines will die.
I think the major action today is manipulation.
The markets would naturally in my opinion, head down today. However there are all sorts of things which depend on our markets, so money is being removed from Gold and Silver, and being used to prop up markets?
(just a question?)
Lack of good paying full time jobs because of 0bamacare. Among other things.
Maybe Red China is dumping its gold reserves to fund military spending.
Among other things. Yes.
The old story when they were much higher than they are now is that “people are selling their winners” to make margin calls. Maybe that was true then; gold would typically lose at least a couple of percent and silver would lose double that.
I see today that gold is $1242 which is in fact more or less the high for the past four weeks. That has never been the case in previous collapses in the stock markets.
RE: Gold, Silver, Dow Jones, S&P all down prior to market open
So, any financial safe havens out there? And please don’t say cash as inflation and bank fees eat up your money too.
The only ones screwed are those on fixed pensions, lagging entitlements and savers of cash.
what do you think?
I think 10-15% is the right number. If the precious metals markets weren’t so fake, a much higher percentage would be warranted.
Continuing and increasing inflation is inevitable. The uncountable billions and even trillions of dollars counterfeited by the Federal Reserve in just the past few years of so-called “quantitative easing” must eventually result in increased inflation. But as we have seen with the current stock market “correction” and the housing crash, we can be certain that a disaster is inevitable but quite early on daring to estimate when it will play out.
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