Buoyant U.S. stocks at odds with downbeat market signals as S&P 500 hits record high

submitted by magnora7 from reuters.com

all 2 comments
sorted by:
top
newinsightfulfun

[–]hennaojisan 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

Both gold and silver made small but encouraging gains in the last two to three weeks. Gold was over US $1400 for the first time in a while. Why? I do not pretend to understand the US stock market but the reason could be a shaky market.

IMO silver is still a great buy if you are thinking of getting into stacking, and companies like Kitco will FedEx you a bucketful really fast. They are prompt and honest but some other companies are too. No, I do not work for any metals company and Kitco is surely not giving me a discount for this. Maybe I should ask them.

[–][deleted] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

The reason is that small investors are being given a different picture from what the institutions see. So the big money is getting out while joe average is set up to pick up the tab when it comes due.

Gold, silver and cryptocurrencies make a good alternative asset class when the stock market is about to take a tumble. And said tumble might be caused by economic concerns, the outcome of which may possibly be a rise in interest rates. If that happens, the bond market will also take a tumble.

What is especially interesting is the Fed's recent remarks that its interest rates would remain unchanged and QE would be their main tool for the foreseeable future.

Let me express my own doubts... ;-)