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EPS100Momentum (72.51)

No place to hide today? Even my Gold stocks crashing

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June 29, 2010 – Comments (8)

I thought Gold was suppose to go up in these kind of times?

8 Comments – Post Your Own

#1) On June 29, 2010 at 9:57 AM, Superdrol (97.25) wrote:

Take a look at the 10-year Treasury bond.  The yield is insanely low.

 

I think they'd rather have Treasury bonds instead.  I know I would. 

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#2) On June 29, 2010 at 9:58 AM, cthomas1017 (83.90) wrote:

Congratulations.  You've discovered that there are no sure things in the world of investing.

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#3) On June 29, 2010 at 10:07 AM, catoismymotor (51.71) wrote:

We're in uncharted waters. Here there be monsters.

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#4) On June 29, 2010 at 10:12 AM, Momentum21 (96.14) wrote:

step away from you computer and go for a walk...or pick up some INTC under $20

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#5) On June 29, 2010 at 10:12 AM, MoneyWorksforMe (< 20) wrote:

It will, be patient. The general trend will be higher. But that's not to say gold /precious metals won't have particularly bad days for no logical reason.

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#6) On June 29, 2010 at 10:29 AM, EPS100Momentum (72.51) wrote:

Surprising though is VIT a Chinese stock holding up pretty well at 52 wk highs even with today's  Chinese stocks in turmoil on accounting errors :

Global equity markets were experiencing steep declines Tuesday. The MSCI Asia-Pacific Index fell 1.6%, with Chinese shares seeing the largest selloff and sending the Shanghai Composite to its lowest level in 14 months. News that the April leading economic indicator, compiled by the U.S. Conference Board, was revised from 1.7% to 0.3% due to a calculation error weighed on sentiment.

 

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#7) On June 29, 2010 at 11:10 AM, outoffocus (22.75) wrote:

Seems to me like a good "buy the dips" day. My PM stocks may be selling by they aren't crashing.  Gold seems to have strong support at $1230.  I dont see any reason to panic.

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#8) On June 29, 2010 at 6:12 PM, XMFSinchiruna (27.35) wrote:

I referenced this post in my article today

http://www.fool.com/investing/general/2010/06/29/keep-spying-on-this-gold-market.aspx

 

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