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Post by unlawflcombatnt on Jan 6, 2010 15:20:31 GMT -6
Over the last 5 days paper Gold, Silver, and Platinum have risen far more than the stock market. This disproportionate precious metal increase is an atypical occurrence since the Fed & Treasury began their massive "save-the-rich" Corporate welfare policy in 2008. Most of the time since this policy began, precious metals and stocks have risen almost in tandem. This recent change can be seen in the 5 day chart below (PGM=Platinum) Below is the 9-month trend for comparison.
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Post by agito on Jan 6, 2010 22:51:31 GMT -6
all the metals had a horrible dec. I'd be surprised if a dead cat could bounce higher than a thrown coin. :-P
any chance you can add the dollar perfomance to these graphs as well UnLC? I think that is the real mover all these markets at the moment.
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Post by unlawflcombatnt on Jan 7, 2010 2:32:35 GMT -6
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Post by agito on Jan 7, 2010 3:04:33 GMT -6
stockcharts.com/charts/performance/perf.html?djia,$usd,gld,slv, (not a great tool) it looks like slv and gold are going to test their ceiling they reached in late november. willing to bet it peaks there sometime on monday next week and then drops again. (pulled it out of my ass- buyer beware)
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Post by unlawflcombatnt on Jan 7, 2010 3:29:29 GMT -6
OK. Here's a US dollar-GLD index. The link under the graph shows a comparison between GLD, SLV, PGM (Platinum), and the Dow Jones. 5-day www.marketwatch.com/charts/int-adv.chart?symb=US:DXY&sid=3044712&time=3&startdate=&enddate=&freq=8&comp= GLD%2CSLV%2CPGM&compidx=DJIA~1643&uf=0&ma=0&maval=50&type= 8&size=2&lf=0&lf2=0&lf3=-1&style=1013&mocktick=1&rand=948650538
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Post by unlawflcombatnt on Jan 7, 2010 12:13:16 GMT -6
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Post by unlawflcombatnt on Jan 7, 2010 12:32:45 GMT -6
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