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Hypothetical PM ? - Middle East War

pwrful4pwrful4 Posts: 282 ✭✭
in Precious Metals
IF Israel were to declare war on Iran in the next 6 months, what prediction do you foresee on PMs?

Comments

  • PerryHallPerryHall Posts: 46,111 ✭✭✭✭✭


    << <i>IF Israel were to declare war on Iran in the next 6 months, what prediction do you foresee on PMs? >>



    Higher oil and PM prices.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • JohnnyCacheJohnnyCache Posts: 1,759 ✭✭✭✭✭
    I'm surprised we didn't see a bump in oil and pm's today after the recent exchanges.
    Everything seemed to be selling off to some extent for one reason or another.
    I personally feel the pm's will be gainging strength into 2013, perhaps not the $2,000.00 price level that is frequently thrown around on cable channels like cnbc, or on pro gold web sites, but something on the order of the low to mid $1800's with strong buying conviction and price stability.

    I really don't see what can happen over the next several months that changes any of the dynamics for being bullish on gold.

    JMHO

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  • SpoolySpooly Posts: 2,108 ✭✭✭
    Middle East War.......... Stack gasoline.
    Si vis pacem, para bellum

    In God We Trust.... all others pay in Gold and Silver!
  • derrybderryb Posts: 36,790 ✭✭✭✭✭
    Uncertainty is gold's friend, second only to the FED.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • WingsruleWingsrule Posts: 3,010 ✭✭✭✭
    Immediate term, everything except oil will tank. No pun intended.
  • derrybderryb Posts: 36,790 ✭✭✭✭✭


    << <i>Middle East War.......... Stack gasoline. >>


    should i start stacking the empty cans?

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

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