Originally Posted by
HipoGear
Does anybody else follow the markets? I seem to have an obsession of checking it daily. Sometimes more than once a day.
I look at the stock market, gold and silver, oil and copper.
I believe that prices have been manipulated greatly. But aside from that, the correlation of things just seems way out of whack.
I don't believe there is a whole lot of private money in the stocks anymore, So that is just big bank speculation and a place for the 1% to park some of their excess money.
What I can't figure out is the metals pricing. It doesn't seem to matter if stocks go up or down. Metals take a hit regardless.
Mining and exploration companies are closing due to low pricing. Recycling helps to make up for demand but with the amount of throw away tech that is being produced now plus the rise in solar usage, I just sit here scratching my head.
Oil, from what I understand is being pushed on the market as a way for the Middle Eastern producers to have some control. And I just read the other day that the U.S. is producing more oil now than ever before. Enough to account for 90% of our usage.
So what gives? Does anyone have the answer?