Yes metals are moving up strongly, new highs in gold and highs in silver that we haven’t seen in many years. Net very bullish and it appears to be accellerating. Question, with the Fed hinting they are going to cut rates do you believe they will do so with the current state of the precious metal prices? Do you believe the the Fed and it’s partnering banks will do something about this? I am waiting for a strong correction coming soon.
So they have decided to change and not suppress precious metal prices anymore? Gold to the 3300’s and silver back to 36 to 37 range, so they can cut rate while PM’s are correcting. Disclaimer this is just my humble opinion but I wouldn’t be buying miners or bullion this coming week.
Saw Lynette Zang on Jesse Day yesterday. She mentioned that the Saudis bought a shitload of SLV. If they intend to take delivery why wouldn’t they buy PSLV?
Yes metals are moving up strongly, new highs in gold and highs in silver that we haven’t seen in many years. Net very bullish and it appears to be accellerating. Question, with the Fed hinting they are going to cut rates do you believe they will do so with the current state of the precious metal prices? Do you believe the the Fed and it’s partnering banks will do something about this? I am waiting for a strong correction coming soon.
Waiting for a strong “correction” ?
What if THIS is the strong Correction after years of suppression ?
So they have decided to change and not suppress precious metal prices anymore? Gold to the 3300’s and silver back to 36 to 37 range, so they can cut rate while PM’s are correcting. Disclaimer this is just my humble opinion but I wouldn’t be buying miners or bullion this coming week.
Come on LONDON/LBMA/CFTC – do what you were born to do, I triple dog dare you !
Saw Lynette Zang on Jesse Day yesterday. She mentioned that the Saudis bought a shitload of SLV. If they intend to take delivery why wouldn’t they buy PSLV?