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Is now the time to give up on PMs and look to the stock market?
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<p>[QUOTE="Clawcoins, post: 3136873, member: 77814"]DOW peaked at 26,616 on Jan 26th, 2018</p><p>It's been down and sideways since then as it's at 25,138 right now.</p><p><br /></p><p>But it's been chugging along since April 2009 after it reached it's "rock bottom" at that time.</p><p><br /></p><p>The question is .. the large companies that hold PMs for safety .. what are they doing? I think they'd rather have cash right now and are selling PMs for cash. That can create a downward spiral in the (a) basic Supply/Demand model PLUS (b) US Dollar Index both pushing it down.</p><p><br /></p><p>There's been an uptick in stock buying I think (if maybe only for the short term) with them holding cash on the sidelines to jump in .. or stay out if needed ... I guess we'll see as the markets are down a bit today.</p><p><br /></p><p>But long term I think PMs are a deal right now if you like to hold ... 5-10+ years.</p><p><br /></p><p>I no longer look at that as an option so I'm not in that LongTerm market anymore and I'm much more bearish on PMs.[/QUOTE]</p><p><br /></p>
[QUOTE="Clawcoins, post: 3136873, member: 77814"]DOW peaked at 26,616 on Jan 26th, 2018 It's been down and sideways since then as it's at 25,138 right now. But it's been chugging along since April 2009 after it reached it's "rock bottom" at that time. The question is .. the large companies that hold PMs for safety .. what are they doing? I think they'd rather have cash right now and are selling PMs for cash. That can create a downward spiral in the (a) basic Supply/Demand model PLUS (b) US Dollar Index both pushing it down. There's been an uptick in stock buying I think (if maybe only for the short term) with them holding cash on the sidelines to jump in .. or stay out if needed ... I guess we'll see as the markets are down a bit today. But long term I think PMs are a deal right now if you like to hold ... 5-10+ years. I no longer look at that as an option so I'm not in that LongTerm market anymore and I'm much more bearish on PMs.[/QUOTE]
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Is now the time to give up on PMs and look to the stock market?
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