whats going on with the market

whats going on with the market

PostBy: mason coal burner On: Sun May 08, 2011 11:23 am

the dollar hit a 3 year low this past week . gold , silver , oil and copper are diving . Soros and others are selling gold . mexico is buying lots of gold . what the hell is going on ? i thought when the dollar goes down gold goes up ?
mason coal burner
 
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Re: whats going on with the market

PostBy: lsayre On: Sun May 08, 2011 11:25 am

Since 99% plus of commodities trading (particularly for precious metals) is done merely on paper, and almost none of the players ever actually ask to take delivery or are asked to make delivery, the entire game appears to me to be highly rigged.
lsayre
 
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Re: whats going on with the market

PostBy: mason coal burner On: Sun May 08, 2011 11:29 am

i think there is something fishy going on . it may have to do with Obamas reelection or some thing much bigger . NEW WORLD ORDER
mason coal burner
 
Stove/Furnace Make: hitzer/glenwood
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Re: whats going on with the market

PostBy: anthony7812 On: Sun May 08, 2011 12:23 pm

This is what happens in a volatile market. With the current capture and death of Osama, I feel the American dollar will rise . This is good for the average joe, being oil is traded by US currency. The higher value of the dollar in essence is more purchase power. So this means more oil per dollar spent. But hey i am the average Joe so what do i know 8-) As for gold and value being related to dollar my guess is the same, so current trend is strange.
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Re: whats going on with the market

PostBy: samhill On: Sun May 08, 2011 12:40 pm

Just like the real estate market before it, gold & silver were way over valued but people were still buying high in hopes of it going even higher. The ones in the know who drove the price up thru fear & speculation, bought low, made their money & got out. Like anything else, buy low & sell high the trick is to know when to bail & the big boys create those points, if you can`t run with the big dogs then stay on the porch. As was mentioned the physical ownership was never really an issue to the ones in the know. IMO there is no grand scheme, just another way for the rich to get richer.
samhill
 
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Re: whats going on with the market

PostBy: lsayre On: Sun May 08, 2011 12:43 pm

The market players like to say that without their fallacious paper trading in the commodities futures markets there would be no valid means for "honest price discovery" within the real commodities markets. This is a scam of such major proportions that it can only go on into perpetuity when played by those who are considered too big to fail.

Did you ever wonder why those who create all of the real wealth of the world (those who manufacture, service, and or grow things, thereby turning goods of lesser inherent value into goods of greater inherent value) are indebted up to and beyond their eyeballs to those who merely play with fabricated out of thin air paper (and electronic) fantasy money that has no inherent value at all?
lsayre
 
Stoker Coal Boiler: AHS S130 Coal Gun
Coal Size/Type: Anthracite Pea
Other Heating: Resistance Boiler (if I ever get it fixed)

Re: whats going on with the market

PostBy: pvolcko On: Mon May 09, 2011 10:00 am

A number of commodities exchanges changed their rules recently forcing traders to put up more capital, instead of trading on margin. This has had the effect of forcing a number of players out. It has also forced many of those still in to become much more conscious of the ups and downs of the market (real skin in the game) so when there is a sell off, the degree of the sell off across the market has been exaggerated. Also, because people with large holdings, like Soros, are selling off it is lowering the price and making people take what profits they can now, thus leading to an even lower price.

Things will stabilize once the market adjusts to the new trading margin rules and people see where Soros goes with his cash. And then a slow ramp up once again, so long as the dollar stays low, the housing market remains troubled (finally hit the double dip, recently, as banks start selling off their inventories of foreclosures), and inflation is on the horizon.
pvolcko
 

Re: whats going on with the market

PostBy: samhill On: Mon May 09, 2011 10:04 am

Funny how no one but Soro`s has any money in the game, if you want to name names why not keep on going on both sides?
samhill
 
Hot Air Coal Stoker Furnace: keystoker 160
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Re: whats going on with the market

PostBy: SMITTY On: Mon May 09, 2011 10:08 am

Most billionaires don't have any interest in fundamentally changing the American political system, nor do they have a track record of collapsing other countries' currencies. Soros has both.
SMITTY
 
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Re: whats going on with the market

PostBy: samhill On: Mon May 09, 2011 10:48 am

I would do a bit more checking to be sure about that most billionaire thing. There are plenty that would love to see their own country collapse just to make more & take credit for it.
samhill
 
Hot Air Coal Stoker Furnace: keystoker 160
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Stove/Furnace Make: keystoker/hitzer
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Re: whats going on with the market

PostBy: mason coal burner On: Mon May 09, 2011 10:22 pm

i think i may have asked to quickly . crude up 6 $ per barrel today . silver up 2.50 $ . gold was up to 1,511 $ .
mason coal burner
 
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Re: whats going on with the market

PostBy: VigIIPeaBurner On: Tue May 10, 2011 6:33 am

Could be QEII coming to an end. Profits are being taken before the well dries up.
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Re: whats going on with the market

PostBy: pvolcko On: Tue May 10, 2011 9:56 pm

samhill wrote:Funny how no one but Soro`s has any money in the game, if you want to name names why not keep on going on both sides?


Speaking for myself:

1) Obviously plenty of other people and hedge funds and pension funds and institutional funds are in the game too. I certainly didn't intend my mention of Soros to be exclusionary. His name is just one I've seen mentioned recently involved in a reported sell off of gold/silver, and it was mentioned in a prior post.

2) I also did not say Soros or anyone else doing the selling were doing anything wrong. He's free to sell and buy as he wishes within the bounds of the law. I have no doubt he is within the law, so I have no problem with his selling assets.

3) I didn't say anything in my post with an intended political bias, so I didn't feel a need to be politically balanced in my name dropping.
pvolcko
 

Re: whats going on with the market

PostBy: samhill On: Wed May 11, 2011 8:59 am

OK, I`ll buy that. It`s just that I remember back in the 70s I believe it was the Hunt Bro.s that created an artificial run up on silver prices & people were selling off their old coins & silverware. I think they eventually spent some jail time or being wealthy just a fine, but they are a perfect example of how some of the top earners have complete disregard for the rest of the country. Imagine having that much wealth to change the demand for a item & doing so just to make more with no care for the people that are hurt.
samhill
 
Hot Air Coal Stoker Furnace: keystoker 160
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Stove/Furnace Make: keystoker/hitzer
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Re: whats going on with the market

PostBy: pvolcko On: Thu May 12, 2011 9:36 am

Some top earners are ethics and morals challenged, yes. But the vast majority are not. Most do not want to put at risk the fortunes they've worked for, for themselves and their families.

On the flip side, you have the relative many middle and lower earners (or non-earners) who game the system routinely. Medicare/medicaid fraud, soc sec fraud, disability and workers comp fraud, welfare mothers popping kids out for increased benefits, illegals popping kids out for anchors and access to benefits, immigrants overstaying visas, illegals coming in for jobs (not to participate in the USA as citizens or even as interested residents), food "stamp" recipients using the benefit to buy all kinds of things they shouldn't be, and on and on. Each one of these slights seemingly small in the grand scheme, but totaling up enough to overwhelm the evils of the "rich" and overwhelm society. But each being small, the individuals involved think what they're doing doesn't matter that much, they're just getting their tiny piece of the soul sucking, free-money pie. Being small, each transgression is relatively easy to justify on the moral barometer, and each after gets that much easier. And so many at this level feel they have so little to lose. Its easy and pernicious.

Does this excuse the big wigs with the big money making big plays to game the system? Absolutely not. Regulations and laws are in place to keep them under the thumb of society. And being relatively few in number and their games big and relatively easy to spot and weed out, they are kept under control for the most part. It is the great swath of the rest of society that has the real ethical issues to deal with, who are small time enough and diffuse enough to often evade detection on an individual level, and thus are not under any thumb except that of their own conscience and the peer pressure of their friends and family. Society is crumbling, but it isn't because of the rich, it is because the rest of us have come to let so much slide.
pvolcko