Interesting week, will next week see metals.....
Julio
Posts: 2,501 ✭
moving up or down?
Gold=Down
Silver=Down
Take care. jws
Gold=Down
Silver=Down
Take care. jws
0
Comments
I believe both will continue downward as we digest a possible dwindling of QE. Take care. jws
Silver: Up
I think late Thursday, we saw a short-term bottom. Everyone was way too pessimistic and it was very much reflected in the price action. Today, the move higher was very violent. We are more likely to move higher. We might open the week a bit lower and move higher by the end of the week.
<< <i>today was a "temporary reprieve"....fundamentals have not changed. I expect further down movement in PM's. >>
I agree, fundamentals have not changed. However, they dictate a much higher price if the market is left to true price discovery. I continue to stack because I know that day is coming. The only interest I have in current price is for paper plays on price swings.
"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
Standing on your head will make it better.
I knew it would happen.
I know it's early, {2 days} but Kip is off to a good start in the prognostication saga. Should the trend continue {big if} he will be spot on with an extremely accurate prediction. Take care. jws
That was my Freudian opinion. Hmmmm. Take care. jws