Hi folks, Hope everyone is doing well. Am I the only one that is starting to like the price levels for both gold and silver? Don't worry about the value of your stack for a moment and just think about how the dollar has been on the kinghellbastard run is at a very lofty plateau relative the things that are priced in its terms. Ah, gold and silver are both priced in terms of the US$. This means that gold and silver in dollar terms are becoming very inexpensive. Your valuable dollar will today buy more gold and silver than in recent past years. peace, rono
Does that crystal ball you are using tell you what the price will be when it does??? Or this weeks lotto numbers???
We'll know more tomorrow at 2 PM when the FOMC releases its statement. I just don't want to be long gold OR silver if the Fed is tightening. You lose on rising rates here or deflationary forces in Europe/China. Buy lower in increments, but look to the 2008-09 lows to be in our sights at some time. JMHO, of course.
I agree with your logic, used the $15.60/oz range to complete portfolio goal last week. I have never been accomplished at "catching the falling knife". Silver, "the devil's metal" will quite possibly fall below last week's levels, I will take my shot at this juncture and live with it. As Gonzo so wisely advised, "buy the ticket, take the ride!".
I'm guilty of assumption, but I thought that the Fed had made clear, in their vague manner, that rate hikes were coming this year. I read the 3/18 FOMC press release. Presently fairly rosy; employment up, inflation <2%, even stated that no action is envisioned for April. The hammer will probably drop in June. Inevitably, gasoline will be in the $2.50/2.70 range by late spring. This alone should warrant enough inflationary pressure for the Fed to act. Astute markets have factored the almost certain increase in the Fed rates.
Given the big run up in spot prices the past 2 days, I'm already missing those $1150/$15.50 spot prices! Wish I would've purchased MORE then.
