In response to:

Euro Meltdown Dings Commodities

zerrubabel2 Wrote: Oct 09, 2012 8:27 AM
The thing people don't see is what Romney said in his speech about ENERGY. While buying GOLD and following the yellow brick road to China, Russia and Iran, sounds good, you can't eat a BRICK of it, it is HEAVY and a theft item for metal detectors of unscrupulous people watching you. That is if you even have PHYSICAL GOLD instead of some worthless paper SOROS and crones - cooked up for you. ANSWER: BLACK GOLD, TEXAS TEA. BASIS FOR CURRENCY BECAUSE IT SPENDS AND EVERYONE NEEDS IT. WE HAVE OUR OWN - THAT IS THE ANSWER. Romney SLAMMED Obama on green energy and LYING about how OIL pays no taxes and is SUBSIDIZED. They want to destroy the whole FREE ENTERPRISE system, and way too many people are walking around like Mr. Magoo - BLIND.
Joe 145 Wrote: Oct 09, 2012 9:49 AM
Balance is the key as with so many other things. Gold is only part of the mix. Yes, I have been bullish on energy for more than 15 years. But energy is also only part of the balance.

It’s probably just as well U.S. markets were closed on Monday as European markets imploded, taking down the euro and commodities with them.

Gold was down another $8.22 to $1,770.55 and silver was off $0.57 to $33.90 in overnight trading with the silver/gold ratio rising to 52.2. 

Crude oil, copper, platinum, palladium were all in the red as the euro took a beating and the dollar surged on currency markets. 

Gold and silver actually got the better of it with the price of gold staying largely in sync with gains by the dollar.  A sudden jump in the...

Related Tags: Commodities