It always seems to be the opposite of what you predict - next time predict silver crashing or something
silver will always raise very slowly over time, then crash HARD over and over again...thats how something manipulated works.. silver is the least predictable commodity. lets all stop the predicting shiz. everyone takes a million stabs in the dark and when one of them happens to be kinda right they act like a guru. its weird.
I was wrong. I believed the NSA spying on the EU leaders would have created a greater backlash against US stocks and currency with the market trading significantly lower on Monday US time. Still, I put it out there. With QE around the world, something will trigger the coming GFC2. Will still stand by my prediction for $30 Christmas and $36 Easter.
I will still stand by my <---------- SIDEWAYS ---------> ( mid -low 20's) for the next 3 years at least
I agree no taper talk but any chance of increasing QE? The fact that mainstream are talking up the positives of increased inflation is very bullish for an announcement of added bond and mortgage purchases? Maybe 100 Billion or more haha. That may be the spark ?
http://www.businessinsider.com.au/the-fed-may-increase-qe-in-october-2013-10 With S&P500 at all time highs and talk to increase QE in the MSM i think there is little chance of that happening. S&P needs a little crash to justify more punch IMHO, maybe once it has touched 2100 in the new year
I agree that common sense indicates nothing will happen, but what has common sense got to do with the Fed ? They want the markets to go up more and clearly the US housing market is in a slump. 50% of monthly asset purchases are mortgage related ? The housing market needs a boost. Figures are bad! I heard Greenspan today blame the 2008 housing crisis (sub-prime) on the collapse of the Berlin wall. Nothing to do with his Fed policy of low interest rates ? Either he has Alzheimer's disease or they are living on another plane. I prefer the latter and therefore anything is possible. I think that whatever the press reports is suspect and designed to move markets. I think we have no idea of the complexity of the real game so anything is possible. Time will tell ?
There will be no spark to fire up P.M's..........there has to be a change in attitude towards them and this will take more than one or two events....if we are relying on the same people that are currently positive on gold to push the market forward then we are dreaming......the fact is that there is very little energy left to propel the bull on its next leg. It will all take time......we are probably under more pressure in the sense that a lot of those in gold now will capitulate causing even further falls.....for a market to rise, buyers must outnumber sellers. It is easy to ignore Court Jesters .........sideways.......... rant but if you look at the near 50% slump in gold in the mid 70's, it took the same amount of time to go from the bottom of the drop back to the level at which it started from...........the longer this consolidation, the longer the recovery........but this is important because it builds the base of a massive blow-off.....just like the 70's.
