We seem poised to do 'something' to Venezuela - what will happen to PMs?
carew4me
Posts: 3,534 ✭✭✭✭
PMs have been on a rip for a host of reasons mostly unrelated to military activity. 'Should' we strike VZ, what do you think the PM market reaction would be? We know oil will spike.
Military strike:
1: Immediate (week1) $5-$10 drop in spot (silver) across the board
2: Mid term (month 1) - rebounding spot price as previous pressures have not gone away
3: Long term (2 months+) - spot roars higher unhindered
No Strike (Maduro goes away, promise of fair elections ect)
- spot roars higher unhindered
Loves me some shiny!
0
Comments
Buy USO
If you understand what is coming, then you can duck. If not, then you get sucker-punched. - Martin Armstrong
metals nothing.
oil will probably pop
People act on their beliefs, not "fundamentals". Any of the options in the OP could happen with or without intervention.