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Thread: Nice little bump there, any ideas why?

  1. #1
    Palladium
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    Nice little bump there, any ideas why?

    Is this related to Trumps tariff on Chinese electronics?
    Boycott Israel now, avoid the rush.

  2. #2
    Great Value Carrots
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    Re: Nice little bump there, any ideas why?

    My guess is the cryptos crashing did it.

  3. #3
    Moderator madfranks's Avatar
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    Re: Nice little bump there, any ideas why?

    Dollar went down about 1% today on global markets. When the dollar goes down, metals go up.
    "Liberty is so creative, and the government is so stupid, that I’m very optimistic about the future"
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    Re: Nice little bump there, any ideas why?

    Quote Originally Posted by madfranks View Post
    Dollar went down about 1% today on global markets. When the dollar goes down, metals go up.
    Sounds like Trump did it...Trump’s comments on the dollar over the weekend sent the currency sharply lower. He told The Wall Street Journal in an interview that published Friday the U.S. currency was “too strong” because China was keeping its own yuan weaker. “Our companies can’t compete with them now because our currency is too strong, and it’s killing us,” the president-elect said in the interview.

    The dollar, which appreciated about 5% in the fourth quarter of 2016, has been drifting sideways since the start of the year. A reversal in bond yields also points to worries among investors. The 10-year Treasury prices have been rising over the past few weeks, with the yield dropping to 2.3%, its lowest level in seven weeks.
    Boycott Israel now, avoid the rush.

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    Unobtanium osoab's Avatar
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    Re: Nice little bump there, any ideas why?

    Quote Originally Posted by madfranks View Post
    Dollar went down about 1% today on global markets. When the dollar goes down, metals go up.
    Sometimes.
    “Democracy is also a form of worship. It is the worship of Jackals by Jackasses. It is the theory that the common people know what they want, and deserve to get it good and hard.”
    H.L. Mencken

    "The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary."
    H. L. Mencken

  7. #6
    Iridium
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    Re: Nice little bump there, any ideas why?

    this shows an inverse to 5 year bonds. bonds have been getting hit lately

    https://www.bullionvault.com/gold-ne...-23-jan-18.png

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