GOLD 0.51% $1,391.7 gold futures

Great move by NCM today, up 2.3 % from around 40 to 41 dollars....

  1. 848 Posts.
    Great move by NCM today, up 2.3 % from around 40 to 41 dollars. This after the DOW got a 300 point hit pretty much. We are starting to see signs that bell-weather gold/silver stocks such as NCM are beginning to buck the trend of a falling DOW and power forward.

    A lot of people said that if the DOW tanks so to will gold/silver stocks, as was the case in 2008. Yes but 2008 was different. What we have now is an inflationary currency crisis as opposed to a housing bubble. The former directly effects gold in a lock-step manner. Also when the public see their paper is loosing purchasing power they will move into gold/silver assets creating a demand. To compare 2008 to now is not appropriate in my opinion. NCM is starting to show signs that a red DOW does not matter in the current economic environment. Once the general public see this they will come a charging in.
 
watchlist Created with Sketch. Add GOLD (COMEX) to my watchlist
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.