My guess as to when the current market downturn will end and markets will recover. (Vanity)

U.S. Treasury Direct ^ | 8.4.11 | jdsteel

[jdsteel]

$16 Billion of 30 year notes being auctioned on the 11th. By total coincidence I think the realization that we aren't going to hell in a handbasket will happen right around that time.

[Errant]

Another big reason gold and silver are down.

Problems in Europe contributing to rising dollar.

[TheOldLady]

Click the Cute Chicks

Are You A Chick Magnet?
Become One by Donating to Free Republic

Become a New Monthly Donor Today

[SAJ]

Sure. The directional correlation between USD and gold has been .07 over the past 2 years. The other way to say this is that, on a given trading day, 93% of the time USD and gold move in opposite directions.

[Atlas Sneezed]

Why is silver and gold tanking?

---

I’m not sure I’d say that being 1% below yesterday’s all-time record high closing price is “tanking.”

The other answer is that those markets are highly manipulated by big name firms on wall street that have political and financial reasons to want to artificially depress precious metals prices.

[jdsteel]

Do you think the interest rate on the T-bills will be up significantly?

Please understand that this is just IMHO...so don't "bank" on it. I think the T-bills will sell right around where they are. I don't think we will see higher interest rates for the next 6 mos or so at least.

[Atlas Sneezed]

Silver is now down 7.4%. A buying opportunity may be coming up shortly.

---

I’d say that this IS a buying opportunity.

It’s about 20% down from April highs, which is a correction of a level that has occurred only about 7 times in the last 10-year run-up.

I’d also look at platinum, which is rarely within 5% of the price of gold as it is now, and has a history of readily trading at double gold’s price.

[jdsteel]

Any bets on what % of the t-bills will be bought by the Fed? 75%, 90%, all?

Whatever is left over, for sure. But due to this month's "flight to quality" I'll bet the Fed won't have to soak up much. I'll say it again; just IMHO, don't "bank" on it.

[Terry Mross]

I don’t think yesterday was an all time high on silver.

[jdsteel]

There is a New Normal. We all need to learn how to do more with less.

We'll see in a couple of weeks how crazy I am!

[Errant]

Source

[jdsteel]

I guess I’m not all that crazy after all~!

[jdsteel]

Not bad, as far as predictions go, eh? Even a blind squirrel gets an acorn once in a while!