Why is Gold & Silver going down for 4 straight days?Submitted by LibertyBaby on Mon, 03/10/2008 - 11:35
During a week in which the U.S. Dollar fell even more, inflation and price pressures rose (including Oil), Stocks (both domestic and foreign) were completely battered up, etc., why then has both Gold and Silver also lost its value and gone down in price for each of the last four days?
Wouldn't these hard commodities have represented really the only safe place to hold assets given all the other terrible economic and financial dynamics before us here?
I could understand a flat performance perhaps, but this is very different. Why are Gold & Silver going down and down along with everything else? and for four straight days?
Is everything going to hell then?
Should I be keeping my money under my pillow at this point?
I thought that commodities would be inversely proportional to dollar devaluation, rising prices, Stock devaluation, etc.
Anyone know what is going on?