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To: Hojczyk

Why are precious metals plummeting?


2 posted on 12/20/2012 7:17:44 PM PST by Terry Mross ( I don't watch the "news". Someone ping me if anything big happens.)
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To: Terry Mross

Why are precious metals plummeting?


Because the US dollar is going up.


3 posted on 12/20/2012 7:19:34 PM PST by Zeneta (Why are so many people searching for something that has already found us ?)
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To: Terry Mross

Could be a reaction to a perception that the economy might tank, reducing the need for precious metals.

I have come to the place where I wonder if civilization tanked, if ‘precious metals’ might become something more close to a rock, than a life-buoy.


7 posted on 12/20/2012 7:32:21 PM PST by DoughtyOne (How about a waiting period for putting crazies out on the streets, say a million years or so.)
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To: Terry Mross

//////Why are precious metals plummeting?/////

Because the smart money knows that next year taxes are going up. Thus they are selling precious metals before the end of the year to pay their long term capital gains at this years lower tax rates.

PM’s should resume their rise after the end of the year.


20 posted on 12/20/2012 8:24:49 PM PST by Ceebass
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