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Silver and Gold
Both are tanking right now. Silver @ $18.06 and Gold @ $1111.80
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#2
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Silver and Gold
"Jud" wrote in message ... Both are tanking right now. Silver @ $18.06 and Gold @ $1111.80 A good deal for anyone looking to buy. I've yet to understand how the US dollar can be deemed "stong" one hour and "weak" a couple hours later, with metal prices seemingly attached to these fluctuations with a rubber band. I wonder what would have happened to the dollar, gold, and silver if the Democrat had won in Massachusetts yesterday. Wall Street reportedly got giddy yesterday over the prospect of a Republican win, but that's apparently ancient history today. |
#3
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Silver and Gold
On Jan 20, 11:20*am, "Bruce Remick" wrote:
"Jud" wrote in message ... Both are tanking right now. Silver @ $18.06 and Gold @ $1111.80 A good deal for anyone looking to buy. *I've yet to understand how the US dollar can be deemed "stong" one hour and "weak" a couple hours later, with metal prices seemingly attached to these fluctuations with a rubber band. *I wonder what would have happened to the dollar, gold, and silver if the Democrat had won in Massachusetts yesterday. *Wall Street reportedly got giddy yesterday over the prospect of a Republican win, but that's apparently ancient history today. Darkening financial/political conditions in Euroland seem to be today's primary movement maker. China is on peoples' minds, and banking profits too. This stuff is all very ephemeral. Brown's upset victory is amazing in a way (i.e., I don't think everybody in Massachusetts just became members of the G.O.P.). oly |
#4
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Silver and Gold
In article
, Jud wrote: Both are tanking right now. Silver @ $18.06 and Gold @ $1111.80 And just in time, too ... I still have to buy the $20 Saint for the top prize in the San Jose Coin Club coin show raffle this weekend. Several members of the Board tried to convince me to buy it last month, when spot topped $1200, "before it goes any higher". I decided not to since I figgered gold had a much better short-term downside than upside ... I'll be sure to mention this at the next Board meeting ... -- Ken Barr Numismatics email: P. O. Box 32541 website: http://www.kenbarr.com San Jose, CA 95152 Coins, currency, exonumia, souvenir cards, etc. 408-272-3247 NEXT SHOW: San Jose CC 01/22-24 w/ Mac's Coins |
#5
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Silver and Gold
On Jan 20, 11:41*am, oly wrote:
On Jan 20, 11:20*am, "Bruce Remick" wrote: "Jud" wrote in message .... Both are tanking right now. Silver @ $18.06 and Gold @ $1111.80 A good deal for anyone looking to buy. *I've yet to understand how the US dollar can be deemed "stong" one hour and "weak" a couple hours later, with metal prices seemingly attached to these fluctuations with a rubber band. *I wonder what would have happened to the dollar, gold, and silver if the Democrat had won in Massachusetts yesterday. *Wall Street reportedly got giddy yesterday over the prospect of a Republican win, but that's apparently ancient history today. Darkening financial/political conditions in Euroland seem to be today's primary movement maker. *China is on peoples' minds, and banking profits too. *This stuff is all very ephemeral. Brown's upset victory is amazing in a way (i.e., I don't think everybody in Massachusetts just became members of the G.O.P.). I fail to see who this election really changes anything. The Democrats had a super majority and were largely ineffective. So now they don't have it. They will continue to be largely ineffective. Conversely the Republicans managed to cram a lot of crappy legislation through with a simple majority in Bush's first six years. |
#6
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Silver and Gold
"oly" wrote in message ... On Jan 20, 11:20 am, "Bruce Remick" wrote: "Jud" wrote in message ... Both are tanking right now. Silver @ $18.06 and Gold @ $1111.80 A good deal for anyone looking to buy. I've yet to understand how the US dollar can be deemed "stong" one hour and "weak" a couple hours later, with metal prices seemingly attached to these fluctuations with a rubber band. I wonder what would have happened to the dollar, gold, and silver if the Democrat had won in Massachusetts yesterday. Wall Street reportedly got giddy yesterday over the prospect of a Republican win, but that's apparently ancient history today. Darkening financial/political conditions in Euroland seem to be today's primary movement maker. China is on peoples' minds, and banking profits too. This stuff is all very ephemeral. ============= I do realize that the US dollar is not the only factor, or even always the prime factor, driving metals prices. But it still confounds me how this dollar strength seems to change back and forth daily. And the metals prices usually fluctuate in lockstep. I would think it should take at least several days of study to determine whether the dollar is indeed weak or strong and that gold & silver would stand by waiting for that decision rather than jumping around. I suppose if I took an economics course it would all become clear to me. =============== Brown's upset victory is amazing in a way (i.e., I don't think everybody in Massachusetts just became members of the G.O.P.). ============== You're right there. Coming from one of the states that Mass. sits on, this has to be the first state election there that has had such a direct effect on those of us elsewhere in the US. |
#7
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Silver and Gold
Bruce Remick wrote:
"oly" wrote in message ... On Jan 20, 11:20 am, "Bruce Remick" wrote: "Jud" wrote in message ... Both are tanking right now. Silver @ $18.06 and Gold @ $1111.80 A good deal for anyone looking to buy. I've yet to understand how the US dollar can be deemed "stong" one hour and "weak" a couple hours later, with metal prices seemingly attached to these fluctuations with a rubber band. I wonder what would have happened to the dollar, gold, and silver if the Democrat had won in Massachusetts yesterday. Wall Street reportedly got giddy yesterday over the prospect of a Republican win, but that's apparently ancient history today. Darkening financial/political conditions in Euroland seem to be today's primary movement maker. China is on peoples' minds, and banking profits too. This stuff is all very ephemeral. ============= I do realize that the US dollar is not the only factor, or even always the prime factor, driving metals prices. But it still confounds me how this dollar strength seems to change back and forth daily. And the metals prices usually fluctuate in lockstep. I would think it should take at least several days of study to determine whether the dollar is indeed weak or strong and that gold & silver would stand by waiting for that decision rather than jumping around. I suppose if I took an economics course it would all become clear to me. A course in journalism would stand you in better stead. The lesson objective on the very first day in course 101: "As a journalist you have either time or column inches, or both, to fill up with something. Your job: Fill it." Any questions? Class dismissed. James, suffering diarrhea of both mouth and pen |
#8
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Silver and Gold
Closing prices:
Silver $17.86 down from yesterdays close of $18.76 Gold $1110.10 down from yesterdays close of $1137.60 |
#9
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Silver and Gold
Jud wrote:
Closing prices: Silver $17.86 down from yesterdays close of $18.76 Gold $1110.10 down from yesterdays close of $1137.60 We're doomed! James the Hanger of Crepe |
#10
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Silver and Gold
PC Wrote on Wednesday, January 20, 2010 3:39 PM
I fail to see who this election really changes anything. The Democrats had a super majority and were largely ineffective. So now they don't have it. They will continue to be largely ineffective. Conversely the Republicans managed to cram a lot of crappy legislation through with a simple majority in Bush's first six years. __________________________________________________ _______ I might point out that though the GOP controlled both Houses at the time, They did not have a super majority in the Senate and therefore it was necessary to get at least a few Democrats to go along with anything they wanted to pass. A small point but an important one. |
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