Message:

<p>[QUOTE=&quot;Cloudsweeper99, post: 819250, member: 3011&quot;]I think the jury is out on whether PMs will rise or fall.&nbsp; There are too many variables to assume a simple rule will work.&nbsp; For example, is the dollar really rising, or are the other currencies in the measure just falling faster?&nbsp; Even though interest rates might rise, are they higher or lower than the real inflation rate?&nbsp; Will a stronger economy increase demand for PMs?&nbsp; Will rising interest rates cause long term bondholders to flee to other assets such as PMs to avoid losses on bond holdings?&nbsp; Will PM fabricators increase their inventories to avoid supply disruptions, or decrease them to capture expected future lower prices?&nbsp; Will the CFTC put lower position limits on PM holdings in the futures market?&nbsp; Will hedge funds run the PM prices up [or down] just to make a profit?&nbsp; Will China and others add to gold reserves just because they currently have a relatively low amount?&nbsp; Will there be any new gigantic PM discoveries?&nbsp; Or will PM mines continue to deplete?&nbsp; Will PM ownership be banned [or encouraged] anywhere in the world?&nbsp; Will rising energy prices inhibit mine production, or lower prices encourage it?</p><p><br /></p><p>There are so many moving parts that when someone here says they think PMs will rise [or fall] for any particular reason, you can bet that the reasoning is wrong even if the outcome happens to be right.</p><p><br /></p><p>I expect the rise in PMs to continue primarily because there seems to be a higher probability that more things will go wrong than right, and the 9 year rise in gold seems to be developing the characteristics that will lead to a spectacular speculative price rise.&nbsp; But that&#039;s just me.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in