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<p>[QUOTE="Brett_in_Sacto, post: 2199776, member: 71510"]I agree. The stock market is pinging up against 18k and the last 5-6 months has been going sideways with a 500 point spread either way. To me that says a lot of people are firming up their exit strategy.</p><p><br /></p><p>For the record - I haven't heard one pundit say "Dow 19k" all year. And I watch the financial channel every morning.</p><p><br /></p><p>We've got an election year coming up with a lame duck president, we've got a market that hasn't had a correction in several years, and we have massive inflation happening for goods and services produced within the USA (passing on their costs for the Affordable Care Act and families feeling the pain of increased costs for taxes and gov't services).</p><p><br /></p><p>I don't know that silver will hit $10, and I'm betting it won't - but it's speculation. For protection, I'm buying the dips on the way down in gold and silver.</p><p><br /></p><p>If silver hits $10 and gold $800, I'll be buying more at that time - but I've got a "sell" horizon that is well over 10 years. If I can leverage sooner, great. Otherwise this is part of a diversified retirement portfolio.</p><p><br /></p><p>My two targets the next few years are precious metals and real estate.</p><p><br /></p><p>If we get a conservative president - the market upheaval will be massive. </p><p><br /></p><p>And I keep reminding myself of delaying instant gratification as I watch my car turn 5 years old and creep towards on the odometer.[/QUOTE]</p><p><br /></p>
[QUOTE="Brett_in_Sacto, post: 2199776, member: 71510"]I agree. The stock market is pinging up against 18k and the last 5-6 months has been going sideways with a 500 point spread either way. To me that says a lot of people are firming up their exit strategy. For the record - I haven't heard one pundit say "Dow 19k" all year. And I watch the financial channel every morning. We've got an election year coming up with a lame duck president, we've got a market that hasn't had a correction in several years, and we have massive inflation happening for goods and services produced within the USA (passing on their costs for the Affordable Care Act and families feeling the pain of increased costs for taxes and gov't services). I don't know that silver will hit $10, and I'm betting it won't - but it's speculation. For protection, I'm buying the dips on the way down in gold and silver. If silver hits $10 and gold $800, I'll be buying more at that time - but I've got a "sell" horizon that is well over 10 years. If I can leverage sooner, great. Otherwise this is part of a diversified retirement portfolio. My two targets the next few years are precious metals and real estate. If we get a conservative president - the market upheaval will be massive. And I keep reminding myself of delaying instant gratification as I watch my car turn 5 years old and creep towards on the odometer.[/QUOTE]
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Gold Under $1,100 In Early Trading
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