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Ardent Listener
Administrator
USA
4841 Posts |
 Posted - 11/03/2008 : 18:47:34
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Poll Question:
If Obama wins do you think that precious metals prices would spike (at least a 10% increase) on the news?
I'm not posting this to be anti or pro Obama. I'm just interested in how you think the PM market would react.
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Think positive. |
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Nickelless
Administrator
USA
5580 Posts |
Posted - 11/04/2008 : 01:00:01
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| I don't think Obama winning will affect PM prices directly, but that would just be the beginning. The business community backs McCain more strongly, but I think any spike in PM prices will depend more on the strength of the dollar than what happens on Wall Street to a certain degree. IMO, Obama's economic proposals will do more harm than good to our economy and will swell the deficit even more, and THEN the effects of the tanking economy as a result of Obama's policies will drag the dollar down and push PM prices up. |
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horgad
1000+ Penny Miser Member
USA
1641 Posts |
 Posted - 11/04/2008 : 04:32:51
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Other
I think there is a good chance that some manipulation is occurring because of the election...maybe to try and keep the Republicans in power or maybe to try and get them out of power or just to ensure that the election goes smoothly. In that sense, I don't think it matter who gets elected...just that the elections ends.
Gas prices dropping so fast before an election always makes me suspicious. It is the most obvious most watched price that everybody who votes will notice.
So, it would not surprise me at all to see a bunch of things, including PMS, the dollar, oil, etc do an about face after the election. I think the pressure is there for them to run the other the way. All it will take is someone to ease up on the controls. IMHO |
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oober
1000+ Penny Miser Member
USA
1304 Posts |
Posted - 11/04/2008 : 07:43:14
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| I dont think either candidate winning will affect PM prices. Soon as all the dumping stops from the people needing cash to cover margin calls, etc, will get the PM prices moving up.... |
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jadedragon
Administrator
Canada
3788 Posts |
Posted - 11/04/2008 : 10:13:09
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| IMO An Obama win is now generally accepted and has been largely factored into the market. Well - as much as it can be in this abnormal normal market environment. |
“The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man.” – George Bernard Shaw.
Why Copper Bullion ~~~ Interview with Silver Bullion Producer Market Harmony
Passive Income blog |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 11/04/2008 : 15:49:46
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| The PMs market took an increase today. It will be interesting to see who wins tomorrow and what the markets will do. |
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All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for your edification and amusement only. It is not the intent of realcent.forumco.com or its host to provide investment, medical, matrimonial, legal, security or tax advice and nothing posted here should be considered to be so. All rights reserved.
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If Obama wins will PM prices spike?
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