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New member
As a habit, I watch stock and commodity prices almost daily. And I have noticed what is, to me, a disturbing trend.
In times past when the economy was in the fritz, the prices of precious metals would rise precipitously while the stock market dived and other economic markers (growth, U/E, etc.) were bad news. Then stock market starts to pull out, U/E fell or at least stabilized, decline in economic growth turned upward, and PM prices start to come down.
With the current crisis, the stock market has started to pull back up, U/E isn't getting better, but isn't getting substantially worse, growth is in the (barely) positive figures etc. But PM prices continue to rise- and at a rather alarming rate. Silver is over $30/oz. Gold, over $1400. And from what I see, there is no indication they are about to start coming back down, as one usually sees after an economic crisis is averted.
So I am wondering, with PM prices remaining so high, what do the big money guys know that is not being released to the people? Generally, as the market recovers, money is moved from PMs and other stable investments back into stocks. It's not happening this time. Is there cause for concern with this trend?
In times past when the economy was in the fritz, the prices of precious metals would rise precipitously while the stock market dived and other economic markers (growth, U/E, etc.) were bad news. Then stock market starts to pull out, U/E fell or at least stabilized, decline in economic growth turned upward, and PM prices start to come down.
With the current crisis, the stock market has started to pull back up, U/E isn't getting better, but isn't getting substantially worse, growth is in the (barely) positive figures etc. But PM prices continue to rise- and at a rather alarming rate. Silver is over $30/oz. Gold, over $1400. And from what I see, there is no indication they are about to start coming back down, as one usually sees after an economic crisis is averted.
So I am wondering, with PM prices remaining so high, what do the big money guys know that is not being released to the people? Generally, as the market recovers, money is moved from PMs and other stable investments back into stocks. It's not happening this time. Is there cause for concern with this trend?