fiscal cliff --- not politics, right?
MsMorrisine
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this has got to affect PM prices.
sooooo..... affect on PM prices if all they can manage is to kick the can down the road and not compromise?
I think PM prices have been and will continue up in this case.
regularly scheduled meeting days are numbered in this holiday time and they have few left to accomplish anything.
sooooo..... affect on PM prices if all they can manage is to kick the can down the road and not compromise?
I think PM prices have been and will continue up in this case.
regularly scheduled meeting days are numbered in this holiday time and they have few left to accomplish anything.
Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
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<< <i>fiscal cliff --- not politics, right? >>
Monetary policy does have a great affect on PMs. I believe the key to keeping the host content is to leave politicians and political parties (politics) out of any monetary policy discussion. If I'm wrong I would hope to hear otherwise from da man.
"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
I'd take the "p" word out of the thread title and proceed with the fiscal cliff question, but that's just me...
I knew it would happen.
do you think PMs continue up through the fiscal cliff deadline?
Of course, and when a compromised deal gets done in the 11th hour just in time before the holiday to make everyone (who only follows this on the surface) feel warm & fuzzy, there will be a different kind of cliff. It'll be called the "back you go to the mid $20's for silver" cliff.
But what do I know, I said silver would never get above $30 again, and meant it, according to how some of you read it
Seriously, if something does get done in the knick of time and it's viewed as a good compromise, metals will take a hit, don't you think?
<< <i>I suspect that the only result of the fiscal cliff negotiations will be the spending of more money which we don't have, but it will be celebrated as a breakthrough nonetheless. >>
If that's how it goes silver might take a hit when they make a deal but since spending cuts won't be big or real it might be a good time to buy some in case it jumps up when reality sets in.
if the compromise is not grand enough we may only lose recent gains. OTOH, should surplus come into the wording (yeah right) we may see the 2 handle again quickly.
What really matters is how people perceive reality after the fact. In my opinion, more and more people will begin to think that gold is a good idea.
I knew it would happen.
8-9% per year monetary growth is still the norm and has been since 1995. It's wonder that gold didn't begin its bull market in 1996. But the combination of the gold
carry trade, central bank gold sales, and miners hedging their production, it was kept bottled up.
With the horse blinders that most have on combined with the remaining that could care less because they feel it's all rigged anyway, don't expect much to change in the way of confidence. jmho