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1 vote

gold & silver still going down

Submitted by meepstone on Fri, 07/06/2012 - 10:23
in

i am hoping someone can explain this...

Why is it, the DJIA is down 150 points, economies are doing awful, the Euro is losing value, and gold and silver are still declining in value?


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SteveMT's picture

Ask your question on the metals thread.

Submitted by SteveMT on Fri, 07/06/2012 - 10:44.

That what it's for. Thanks for understanding.

http://www.dailypaul.com/144648/saudi-markets-fall-over-6-go...

The short answer is the dollar index has been going up. The strong the dollar is, the more it buys including metals and stock. However, the total value of a company remains the same, so a stronger dollar means the stock price of that company declines. That's my take on this.