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Silver down, gold up?

Discussion in 'Financial Cents' started by ISplatU, Jun 4, 2010.

  1. ISplatU

    ISplatU Monkey+

    Strange day today when Gold went up and Silver down. They most the time move up and down together. Could it be because today Iran is selling all there Euros and buying gold and dollars? Just some thoughts?

  2. melbo

    melbo Hunter Gatherer Administrator Founding Member

    I've about given up trying to figure them out. I think they are heavily manipulated and the normal fundamentals that would drive movement have been thrown out the window.

    Au and Ag also used to track counter to the Stock market and now they run in sync.

    Ever since we started setting the 'price' of silver and gold on paper contracts in a market, they have lost much of their 'mine canary' spirit.
  3. ghrit

    ghrit Ambulatory anachronism Administrator Founding Member

    The Hunt brothers out of jail yet?
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