Sunday night action
Everything opening up due to drone attacks I assume also FED week. Will the downdraft in PMs hold or will it reverse hard? Taking all bets…
Everything opening up due to drone attacks I assume also FED week. Will the downdraft in PMs hold or will it reverse hard? Taking all bets…
I see Au and Ag are quoted as up already.
I don’t know what I’ll do until I do it, but my best guess is I’ll continue to take some profits but possibly buy 1 or 2 attractive things — probably net sell.
As for what I expect: I think it will be a real pain, probably for almost everyone, up and down and more counterintuitive than usual. You’d expect it to go up because of drones/SArabia then down because of FOMC. I expect it to do something totally perverse instead, but I just don’t know what. Maybe up and down with drone news and up and down with FOMC then up then way down. Something really stupid like that. If you were my neighbor and I were betting five cents, I might bet it will go net down a lot this week. But only five cents.
Yer on Karl
🙂