Silicon Investor (SI) -- The First Internet Community

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.

Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (93181)	8/12/2011 9:22:03 AM
From: Real Man	Read Replies (2) \| Respond to of 94695

I think gold and silver could get hit with commodities if we go into double dip recession or worse, especially globally. That is a possibility if parts of Europe blow up, and we are not in the best shape either. Could is the right word here. Silver is still correcting from it's blowoff. For now gold was benefitting from safe haven demand, thus new highs. Jewelry and industrial demand will weaken with recession. The fact that platinum is going up today is bullish for gold. I would think if platinum tanked below 1000, while gold soared on safety demand, the gold market would become extremely risky. Look at oil as well. How long can gold go up if oil is tanking? I mean, it's totally understandable that gold is different, but in the end these divergencies could lead to hard tanking. Truth is, commodities did get hit along with stocks.