I've heard this around the place several times now that it's a seasonal depression in the PM price. My question is "why?"
If you look at the last 16 years charts for August it has gone up 8 years and down 8 years. Good story though bro.
Very good question to which no-one has a decent answer, hence the type of response you've already received. Pop "seasonality" in the search box and you'll pick up a thread dealing with this topic but notable mainly for identifying those who, well ... you know what I mean Checkout the links for the chart (supplied by Aleks, I'm pretty sure) in that thread and you'll get a reasoned response to your question, something informative without all the other stuff
It is better to look at a chart and analyze yourself, bro. We can tell you which to buy, but you won't know the reason behind it. Which in turn, will make you less motivated to learn. Just my 2 cents.
The silver price chart. GSR chart. Gold chart. The lists goes on. Well, I'm not a pro, but IMO Fibonacci is a good start.
Anal yse the prices of the stuff you buy every day month or year. Silvers price has little reason to not follow those. Any deviation is just some profit mirrored by some loss.
Was the Boxcookies on "sale" in August though? Here price is up, unless on sale to old price of December/January. Pamela's Chunky Chocolate Chip Cookies gluten free $4.39 USD 206g, not on sale.
I guess it will eventually go up when you read this article: http://www.dailyreckoning.com.au/double-digit-inflation-rise-gold/2016/08/30/ and from the PM investing guru himself that I follow & read: http://www.silverdoctors.com/headlines/finance-news/mike-maloney-warns-this-is-the-peak Any comments is appreciated.
Highly unlikely what Jim Rickards said is true. Quantitative Easing or printing SDR DOES NOT ALWAYS guarantees an explosion of gold and silver price as demonstrated in the past QE or LTRO programs. It depends on what these currency are being used. If the Fed uses the QE currency to buy back government bond and not selling these bonds back to the public , the result is that there will be no effect in asset price but a decline in government debt. Governments around the world is cancelling their debt holdings this way. This is monetary inflation. However when the QE currency is directly injected into the economy and we spent it, we will see an explosion in price for all asset class. This is asset price inflation. Also, the central banks are NOT out of bullets. They have a different sets of monetary policy - to ensure credit continues to expand and the economy will maintain an inflation rate at 2%. Be very careful about the statement "IMF's special drawing right (SDR) is going to create inflation", The answer depends on how these SDRs are being used.
Cinvalo, Yes you are right and that does make sense. Now I get more understanding in terms of Asset Price & Monetary Inflation As per the RBA meeting today which keep holds the Interest rate of 1.5% and Inflation rate of 1% I guess, RBA will soon drop the IR again before the end of this year. Source: http://www.rba.gov.au/inflation/measures-cpi.html
