Fed ends QE, are precious metals going to take a nose dive?

Tookybandit

Fed ends bond buying program

Spot prices, how low can we go?

MGLICKER

Sure.

Once they sweep up the $5,000,000,000,000 in loose cash that they digitally printed.

TwoSides2aCoin

$15
Or maybe lower. It depends.
My broken crystal balls see gold around $50 after Joan Langbord gets the " Numismatist of the Year Award ", and sells them Saints on Alibaba.
<insert a ton of sarcasm and fun into my posts, please>

jmski52

I won't put much credence into any market action until after the election. If you think there's manipulation, you're a conspiracy nut. If you don't, you're a Kool-Aid drinker. There really aren't any rules anymore. There aren't any fundamentals anymore. If you're an insider, you have a reasonable shot maybe.

My impression is that nothing will change. Savers will continue to get milked, beneficiaries of government handouts (on both ends of the income scale) will continue to get more and more. The "markets" will continue to respond to the Fed and the 36 hour news cycle, which is another way of saying that the collective attention span will continue to shorten - leaving little room for planning or forethought.

Try translating that into an investment strategy. If you keep your finger on the pulse of short term events and money flows, I suppose it's possible to win more than you lose - but the risk, in my opinion, is disproportionate to the potential reward. No doubt this is by design.

MGLICKER

^^^^^^^^^^^^^^^^^^^^

Summed up well.

guitarwes

<< <i>^^^^^^^^^^^^^^^^^^^^

Summed up well. >>


Very well.

OPA

<< <i>

<< <i>^^^^^^^^^^^^^^^^^^^^

Summed up well. >>


Very well. >>



+2

VanHalen

<< <i>jmski52:...Savers will continue to get milked, beneficiaries of government handouts (on both ends of the income scale) will continue to get more and more... >>



And therein lies the crux of the problem. There will be no middle class left a quarter-century from now. 51% of the country is low income and on the government dole today.

MGLICKER

<< <i> 51% of the country is low income and on the government dole today. >>



Does that number not count retirees on Social Security?

Many are quite well off....... as they suck Medicare dry.

VanHalen

<< <i>

<< <i> 51% of the country is low income and on the government dole today. >>



Does that number not count retirees on Social Security?

Many are quite well off....... as they suck Medicare dry. >>



The 51% of America that is now low income does include some retirees but most of the 51% are well under 65.

The 51% on the dole is not the exact same 51% that are low income - there is considerable overlap of course.

piecesofme

There really aren't any rules anymore. There aren't any fundamentals anymore. If you're an insider, you have a reasonable shot maybe.

This applies to more than just the precious metals arena. Very nicely said as to how it does relate to it though.

Timbuk3

A whole lot more !!!

derryb

I wonder if they will continue to call them QE or come up with something more catchy for the next round. "Operation Twist" just didn't do it for me.

Icollecteverything

Yeah, those darn old rich people on SS have it made! Not only do they haul in an average of about $14K/year they are going to get a whopping 1.9% raise next year.

Tookybandit

<< <i>Yeah, those darn old rich people on SS have it made! Not only do they haul in an average of about $14K/year they are going to get a whopping 1.9% raise next year. >>

derryb

Social security recipients come in all income brackets, even high income earners are eligible for social security if they paid into the system.