Curious market activitees

[ga-hvac-tech]

One of my hobbies is to watch economic indicators in the equity and commodity markets, and use this as a forecasting tool...

Within the markets, it is a long known truth that gold is a contra-indicator. What this means is that when gold rises, folks are not comfortable with the stability of economic and political things...

Seems interesting to me that gold is rising during the Democratic convention... LOL

Truth be known, I think gold will continue to rise for a while.

[mark beiser]

I wonder how all the people that bought gold at >$1000/oz in March feel these days?:p

[ga-hvac-tech]

I wonder how all the people that bought gold at >$1000/oz in March feel these days?:p

Good question... I sold most of mine in March, after buying it about a decade ago for a lot less. If one is going to play the markets, one needs to understand the markets also.

Personally, I think gold will rise again. Not sure how far and for how long though... I will share this: The US mint is sold out of gold and silver eagles in August. Demand went crazy (as in more demand than supply) when gold went down. Tells me the gold bull is not over yet.

I expect TPTB on the Potomac will do all they can to create a rosy appearance of the economy until after the election. Then the reality of the mess created over decades will come back again. One report I read says we are about 1/3 of the way through bank failures (in terms of $$$ required to fix things). I would not doubt that at all. And guess what: The US taxpayers will foot the bill.

Bottom line: Do lots of research if you want to play the markets, it is a place where folks can loose $$$.