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Gold has not moved up while the market has tanked

Discussion in 'Gold Silver (All things Metal)' started by luckabuck, Feb 9, 2018.



  1. luckabuck

    luckabuck Gold Member Gold Chaser

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    Bloomberg-
    "One possible reason is that ETF investors might be selling gold to offset their stock-market losses, according to a note by Commerzbank AG analysts including Eugen Weinberg".
    It’s not the first time gold has struggled during the acute phase of a sell-off -- the metal also fell during the 2008 crash, probably as investors scurried to cover margin calls.
    Yet bullion’s haven appeal is evident in its outperformance on a relative basis, turning higher in later phases of a downturn while all else continues to slide.
     
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  2. Uglytruth

    Uglytruth Gold Member Gold Chaser

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    Don't that mean volume would increase?
     
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  3. luckabuck

    luckabuck Gold Member Gold Chaser

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    You would think so, but who knows then everything is upside down!
     
  4. Professur

    Professur Midas Member Midas Member Site Supporter ++

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    The price of ETFs hasn't gone up .... ETFs aren't metal.
     
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  5. the_shootist

    the_shootist The war is here on our doorstep! Midas Member Site Supporter ++

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    It was nothing more than paper when they bought it and worth even less when they sell it
     
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  6. gringott

    gringott Killed then Resurrected Midas Member Site Supporter

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    You can't get there from here.
    Not even paper. Just fucking digits on a screen.
     
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  7. the_shootist

    the_shootist The war is here on our doorstep! Midas Member Site Supporter ++

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    I stand corrected! :2 thumbs up:
     
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