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Yesterday's drop in commodities?

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ruveyn
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25 Apr 2013, 3:54 pm

CSBurks wrote:
I don't think one 'bad' day for commodities really means anything. A lot of them were back up today.


transactions are handled very rapidly these days so both corrections and panics happen quickly.

ruveyn



techstepgenr8tion
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25 Apr 2013, 4:25 pm

CSBurks wrote:
I don't think one 'bad' day for commodities really means anything. A lot of them were back up today.
It was touted the most rapid drop since 1982. Whether or not it meant anything it was statistically significant.



CSBurks
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25 Apr 2013, 5:19 pm

The only real way to tell is to ask people why they sold their commodities, since only they know their true motivations and reasoning.

Admittedly, I haven't been checking the markets recently, but last I checked the Dow and the S&P 500 have been a bit volatile. It's not really surprising to see some radical shifts in commodities or other markets occasionally.



techstepgenr8tion
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25 Apr 2013, 5:36 pm

CSBurks wrote:
The only real way to tell is to ask people why they sold their commodities, since only they know their true motivations and reasoning.

Governments tend to have a bit more pull, so to me the first few answers to my OP with respect to Germany selling off its gold to bail out Cyprus or Chinese reset make a lot more sense than an unusually high percentage of private individuals deciding to all sell their gold on the same day.



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25 Apr 2013, 6:05 pm

techstepgenr8tion wrote:
CSBurks wrote:
The only real way to tell is to ask people why they sold their commodities, since only they know their true motivations and reasoning.

Governments tend to have a bit more pull, so to me the first few answers to my OP with respect to Germany selling off its gold to bail out Cyprus or Chinese reset make a lot more sense than an unusually high percentage of private individuals deciding to all sell their gold on the same day.


I was not aware that Germany was selling its gold. That could be a possibility.



techstepgenr8tion
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25 Apr 2013, 9:18 pm

CSBurks wrote:
techstepgenr8tion wrote:
CSBurks wrote:
The only real way to tell is to ask people why they sold their commodities, since only they know their true motivations and reasoning.

Governments tend to have a bit more pull, so to me the first few answers to my OP with respect to Germany selling off its gold to bail out Cyprus or Chinese reset make a lot more sense than an unusually high percentage of private individuals deciding to all sell their gold on the same day.


I was not aware that Germany was selling its gold. That could be a possibility.

On Monday 4/15 Gold dropped from $1,600 per ounce down to something like $1,3xxish, silver from around $29.50 an ounce down to $22.xx, it was rather extreme for a one-day effect.