dylan - to put what has happened with the gold stocks into
perspective: The S&P 500 for example is down about 21%
from it's highs last fall. Well Gold stocks are down NEARLY
50% in only 2 months!!!
So think about it, we all talk about how bad the market is
(S&P 500), but it's only down 21%, gold stocks have been
absolutely crushed, down 50% just since July is simply unreal
There is some banter out there that the dollar rally and
some
US
equity support has been coming from
Saudi Arabia
,
Kuwait,
and the UE. Their rationale goes that those Middle-eastern
countries are afraid that the
US
would not protect their interests under an Obama presidency and
problems from
Iraq
,
Iran,
etc. could spill into their countries while the
US
merely jawbones the problem with the UN. A second part of it is
rumors/speculation that
Israel
would attack
Iran's nuclear installations
in between an Obama win and his inauguration.
This hypothesis suggests that the rip-roaring dollar rally is a
result of the Mid-east support and that they may also be buying US
equity futures at critical times. It also suggests that they want
oil prices down around $100/barrel pre-election and declining
gasoline prices in the
US
.
I
am not suggesting that any implication of what Obama might do or
what middle-eastern countries are doing, thinking, or might do have
any merit at all. I just wanted to put out there some of the banter
I am hearing to consider within the realm of considering “all
sides” of many different spins that investors may be acting
on.
You "could" construe this as having a political bias towards
either major party, but is intended as purely informational.
Posted by junkmaylbox on 10th of Sep 2008 at 11:43 am
Don't we have a pattern: former highs would soon be replaced by
new lows. That's speaking of crude oil, for example. And vice versa
for the US dollar. -Roy
dylan - to put what
HUI/Gold ratio...already turning up.....!!!!!
Posted by matt on 10th of Sep 2008 at 11:33 am
dylan - to put what has happened with the gold stocks into perspective: The S&P 500 for example is down about 21% from it's highs last fall. Well Gold stocks are down NEARLY 50% in only 2 months!!!
So think about it, we all talk about how bad the market is (S&P 500), but it's only down 21%, gold stocks have been absolutely crushed, down 50% just since July is simply unreal
Dollar rumor & speculation
Posted by wachy11 on 10th of Sep 2008 at 12:39 pm
RUMORS & SPECULATION (for emphasis)
There is some banter out there that the dollar rally and some US equity support has been coming from Saudi Arabia , Kuwait , and the UE. Their rationale goes that those Middle-eastern countries are afraid that the US would not protect their interests under an Obama presidency and problems from Iraq , Iran , etc. could spill into their countries while the US merely jawbones the problem with the UN. A second part of it is rumors/speculation that Israel would attack Iran's nuclear installations in between an Obama win and his inauguration.
This hypothesis suggests that the rip-roaring dollar rally is a result of the Mid-east support and that they may also be buying US equity futures at critical times. It also suggests that they want oil prices down around $100/barrel pre-election and declining gasoline prices in the US .
I am not suggesting that any implication of what Obama might do or what middle-eastern countries are doing, thinking, or might do have any merit at all. I just wanted to put out there some of the banter I am hearing to consider within the realm of considering “all sides” of many different spins that investors may be acting on.
You "could" construe this as having a political bias towards either major party, but is intended as purely informational.
U.S. Treasury says imposes sanctions
Posted by jbarry on 10th of Sep 2008 at 01:14 pm
U.S. Treasury says imposes sanctions on Iranian shipping line, 18 affiliated entities
Don't we have a pattern:
Posted by junkmaylbox on 10th of Sep 2008 at 11:43 am
Don't we have a pattern: former highs would soon be replaced by new lows. That's speaking of crude oil, for example. And vice versa for the US dollar. -Roy
The canadian mkt. also influencing
Posted by treid4dou on 10th of Sep 2008 at 11:36 am
The canadian mkt. also influencing here.....based on resources stocks.....