Is there going to be a wicked PM plunge after 11/03?

PreTurb · October 28, 2010 8:18AM

After the Fed does their thing, are all the speculative investors going to be heading for the exits?

greghansen · October 28, 2010 8:41AM

Hope so.

RedHerring · October 28, 2010 8:56AM

If there is, I believe it will be no more than 10% for Au and 15% for Ag. I can't see gold under $1200 or silver under $20 this year.

Any pullback will be a short lived dip before we push higher in 2011. Somebody, somewhere posted a great chart last summer overlaying the U.S. National Debt vs. the price of gold from 2000 to 2010. It was an almost perfect correlation. This bodes very well for PM bulls.......

MMR · October 28, 2010 9:33AM

Its possible, if the stock market crashes too, but it will be very short lived.

Konahead · October 28, 2010 9:33AM

Works for me, lemmings are great little creatures.

MilesWaits · October 28, 2010 9:39AM

The drop would be welcomed by China and India - the big buyers.

The rise would be a sign that regardless of the political party or the mainiplutaive "yes or no, well maybe" from the Fed, Gold remains THE Currency.

DrBuster · October 28, 2010 10:37AM

I'd love to see $20 or less silver for the stupid hockey pucks this year. Premium is going to be annoying on those I think, lower spot the better.

jmski52 · October 28, 2010 10:52AM

After the Fed does their thing, are all the speculative investors going to be heading for the exits?

You mean, the speculative investors in gold & silver? Where else might they go? What assets aren't speculative these days?

ocon4008 · October 28, 2010 11:12AM

NIA says no.

Silver Short Position Could Cost JP Morgan Billions in Losses

Is there going to be a wicked PM plunge after 11/03?

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