Live Business Chat
2015 Oct 22, 10:34:32 pm *
Welcome, Guest. Please login or register.
Did you miss your activation email?

Login with username, password and session length
News: This is a friendly non-profit discussion group about making money. Click the "NOTIFY" button every chance you get to receive instant alerts about new information. We don't like spam. If your first posts are about something you want from us, it is probably spam, and you will be banned in forums worldwide. No soliciting! If you have problems with the forum, contact badon in the business chat.
 
   Home   Help Search Calendar Login Register  
Pages: [1]   Go Down
  Print  
Author Topic: Market Commentary - Jan 04, 2011  (Read 825 times)
0 Members and 1 Guest are viewing this topic.
tamo42
Capitalist Pig
*****
Offline Offline

Posts: 17830



WWW
« on: 2011 Jan 04, 10:19:33 pm »



Today was actually pretty wild in the markets.  Lots of gyrations.  The January Effect seems to be continuing as the Dow was up in the face of a rising dollar, and other equities were not down as much as the dollar was up.  Silver and gold showed some weakness today though.

Taking a look at today:

US Dollar ETFGoldSilverDow 30S&P 500
22.89+0.30%  1382.60-2.08%  39.67-2.94%  11,691.18+0.18%  1,270.20-0.13% 

As you can see, the big stand-outs are silver and gold.  Both were down quite a bit, but remain in their trading ranges at the support trendlines.  We shall have to watch over the next couple of days to see if the support holds.

Happy trading!
Logged

Neal McSpadden
Get Coin Investments List Updates Here
The Primal Prepper - my blog about preparing for the worst while living the best
badon
Administrator
Capitalist Pig
*****
Online Online

Posts: 10650


badon™


« Reply #1 on: 2011 Jan 04, 10:39:42 pm »

It will be interesting if one day's weakness continues into extended weakness. Even if prices don't really move down much, I think they'll at least flatten.
Logged

If families are a problem for the system, then we must reject the system, not the families.
Founder of the Coin Compendium (forum, blogs, calendar, images, donate, contribute).
LBC makes you rich, with a free ebay gift certificate awarded every month!
The Coin Compendium and the china-mint.info forum, censure, disclosure.
Do not PM questions. Answers should be publicly available.
Backup is not enough. Protect your data with MultiPar.
Writer of LBC Chinese coin investment articles (list).
About me: User:Badon - MediaWiki.org
Badon effect: type 1 to 8, type 9.
I type faster on a TypeMatrix.
Use my work. Give credit.
Coin, medal, whatever!
Coin storage advice.
FreeArc is amazing.
User contributions for Badon - Coin Compendium
tamo42
Capitalist Pig
*****
Offline Offline

Posts: 17830



WWW
« Reply #2 on: 2011 Jan 04, 10:42:49 pm »

It's pretty likely.  Silver especially has had such a run over the last few months, that it's "due" for a breather.  It doesn't matter that it is nowhere near where it needs to be priced, as long as people think it's "high" it will slow down/retrace a bit.  Currently, the dollar is bouncing off a bit of support, so we'll probably see declines in dollar prices over the next little while.
Logged

Neal McSpadden
Get Coin Investments List Updates Here
The Primal Prepper - my blog about preparing for the worst while living the best
badon
Administrator
Capitalist Pig
*****
Online Online

Posts: 10650


badon™


« Reply #3 on: 2011 Jan 04, 10:55:43 pm »

The Chinese coins haven't even started to slow down in price, and maybe they won't. They're making new records each day it seems like.
Logged

If families are a problem for the system, then we must reject the system, not the families.
Founder of the Coin Compendium (forum, blogs, calendar, images, donate, contribute).
LBC makes you rich, with a free ebay gift certificate awarded every month!
The Coin Compendium and the china-mint.info forum, censure, disclosure.
Do not PM questions. Answers should be publicly available.
Backup is not enough. Protect your data with MultiPar.
Writer of LBC Chinese coin investment articles (list).
About me: User:Badon - MediaWiki.org
Badon effect: type 1 to 8, type 9.
I type faster on a TypeMatrix.
Use my work. Give credit.
Coin, medal, whatever!
Coin storage advice.
FreeArc is amazing.
User contributions for Badon - Coin Compendium
tamo42
Capitalist Pig
*****
Offline Offline

Posts: 17830



WWW
« Reply #4 on: 2011 Jan 04, 11:12:58 pm »

LOL, not everything is about Chinese coins Wink.

And besides, they aren't liquid enough to serve a wide variety of financial needs.
Logged

Neal McSpadden
Get Coin Investments List Updates Here
The Primal Prepper - my blog about preparing for the worst while living the best
badon
Administrator
Capitalist Pig
*****
Online Online

Posts: 10650


badon™


« Reply #5 on: 2011 Jan 04, 11:18:22 pm »

That's true. Every portfolio should be diversified to meet all of those different needs. With that said, yes, everything is about Chinese coins Smiley
Logged

If families are a problem for the system, then we must reject the system, not the families.
Founder of the Coin Compendium (forum, blogs, calendar, images, donate, contribute).
LBC makes you rich, with a free ebay gift certificate awarded every month!
The Coin Compendium and the china-mint.info forum, censure, disclosure.
Do not PM questions. Answers should be publicly available.
Backup is not enough. Protect your data with MultiPar.
Writer of LBC Chinese coin investment articles (list).
About me: User:Badon - MediaWiki.org
Badon effect: type 1 to 8, type 9.
I type faster on a TypeMatrix.
Use my work. Give credit.
Coin, medal, whatever!
Coin storage advice.
FreeArc is amazing.
User contributions for Badon - Coin Compendium
dobedo
Mogul
****
Offline Offline

Posts: 441


« Reply #6 on: 2011 Jan 05, 08:14:52 am »

The Chinese coins haven't even started to slow down in price, and maybe they won't. They're making new records each day it seems like.
Last night I just witnessed a Chinese coin going up more than 20% in 30 minutes, and that's on a down day (-3%?) for silver.
Logged
Pages: [1]   Go Up
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.18 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!
Page created in 0.02 seconds with 18 queries.