Fall 2008 when stocks tanked, precious metals simultaneously tanked, offering rare bottom-feeder buying opportunities in metals for several months (if you could find a dealer with metal for sale). Perhaps some dealers actually did have stock, but perhaps the dealers just couldn't afford to sell it at such low prices?
Perhaps metals tanked because the same guys who got clobbered in stocks had to sell a lot of gold to stay afloat?
Am not hoping that stocks will again tank, but given 1929 experience and 1980's Japanese experience, that does not seem impossible.
http://www.gold-eagle.com/editorials_01/seymour062001.html
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So lets hope stocks continue to climb. However, IF THEY DON'T-- Any guesses whether precious metals will once again synchronously track the stock market and provide buying opportunities for foolish buy-and-hold bottom feeders? Or would metals hold or even rise this time around, on a stock dip?
Perhaps metals tanked because the same guys who got clobbered in stocks had to sell a lot of gold to stay afloat?
Am not hoping that stocks will again tank, but given 1929 experience and 1980's Japanese experience, that does not seem impossible.
http://www.gold-eagle.com/editorials_01/seymour062001.html
===
So lets hope stocks continue to climb. However, IF THEY DON'T-- Any guesses whether precious metals will once again synchronously track the stock market and provide buying opportunities for foolish buy-and-hold bottom feeders? Or would metals hold or even rise this time around, on a stock dip?