Maybe if Congress had done their job they wouldn't have voted 'yes' on a bill they know nothing about. At least their high paid staff member could have given them a cliff notes version of the bill.
Buffett seems to have confidence in Suncor. I'm just wondering how the XLKeystone pipeline(or lack thereof) will affect this.
Instead of trying to cause inflation from the top down(since who know where the Fed stimulus end ups), they should put money in peoples pocket. If companies have the stimulus it sticks to to top, not liking to trickle down. If people have the money it will get spent.
On 11/8/2013 they announced their 3Q 2013 EPS of 0.36, beating the 0.27 expected earnings, and beating the 0.19 from the previous quarter. On 11/8 the price was 24.92, and now it is 23.66.
Patience is on the small investors side. Just dollar cost average, and accumulate a little at a time. The big funds, and big banks need to continually produce greater greater earnings every quarter, and in their desperation resorting to unethical actions which aren't based on fundamentals.
Pick one: chip(blue pill), OR no chip, and no Obamacare(red pill)
By the way that chip is in your phone now and it in the process of migrating to a wearable device.
Its called QE Infinity. Whats next after that, another fiscal cliff? We are being sold out(jobs outsourced to cheap China labor, US debt). While gold prices are dropping, China, India, GS, and big banks are buying cheap metal. Then when they are done with accumulation and they are in position they pull the rug out from the sheeples.
Why would you say that? . Tapering may mean govt slowing spending, which could mean lower oil subsidies, causing oil prices to go up. Of course, its probably not that simple.
What is oversold if manipulators control the market. I'd say either dollar cost avg on the way down and hedge your bet with the metal, or wait for the big guys to stop playing games..
Wouldn't surprise me if the big banks are secretly accumulating metals, while the same bank driving the price lower. In their face of massive silver demand from India.
The question is are banks buying the metal? Where can I find out how much physical metal the banks are buying, or will buy. How much real gold does GLD own?
So why the drop. Didn't the FED just announce they were continuing QE.
Within the last 3 hours yesterday it went from 5.40 to 5.14 and back to exactly 5.40. And today back down below 5.14 again. It drops more in 3 hours today than people hope to make in dividends in a year.
Labor reports could be good due to holiday hiring, especially if companies get an early start.
Why are they stopping gold purchases in India? Who or what is the reason for this? Does the US have any influence to cause this repression of gold buying in India?