YI Breakout or retract?

Discussion in 'Metal Futures' started by insaneinvestor, Oct 15, 2007.

Silver - Breaking out or retracting?

Poll closed Oct 22, 2007.
  1. Yes, total breakout

    0 vote(s)
    0.0%
  2. No way, look at the chart, it's a retract

    1 vote(s)
    100.0%
  1. Just curious to the opinions of others.
     
  2. The correct answer is (c).........Neither. Precious metals are liquidity-driven and should correlate closely to the S&P and Dow Jones.
     
  3. if SP500, Indu go up so do the precious metals?
     
  4. Bowgett

    Bowgett

    Yes
     
  5. is there a reason for this correlation? I heard that precious metals are a "safe haven" if the stock market crashes and not if it rallies...
     
  6. not always true ...
     
  7. ess1096

    ess1096

    Actually, they are more of a hedge against inflation, or the falling dollar, than they are against the stock market.