The Philosophical Porch Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : The Philosophical Porch

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Real Man who wrote (6973)	12/1/2014 12:01:13 AM
From: Rarebird	Read Replies (2) of 26251

One would think the "No" Swiss vote would have already been priced in. After all, it only involves 1500 tonnes. As for crude oil, prior to Friday's plunge, it was expensive in relation to most other commodities and the POG. Now it's trading around fair value given the recessionary back drop. But it still has further to fall given the long speculative position. (I suppose I'll have to wait for the next report later this week.) Lower oil is good for the Miners too since it increases profit margins (or will increase profit margins once the POG rebounds.) On the other hand, it lowers inflationary expectations. The real killer for Gold has been the performance of the US stock market, especially the Nasdaq and then the rise in the USD.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next