You know, we may just have to begin recanting some of that above post (I hope I do have to). It just might be that the raising of the debt limit - yet again - will serve as a sufficient catalyst to get precious metal prices rolling north again. I know GS in particular is still bearish on gold and silver into 2014 but I am not putting much stock in their forecasts right now. The move on Thursday was encouraging if you are bullish on pms. I will be looking for follow through in the coming weeks. Some think we are coming out of the correction now and beginning to resume the bull market. It is still a bit early to make that call, imo, but we shall see. :)
I hear you. Eventually there will be a rally in silver even a resuming of the bull market, imo. I just don't know that it happens this year without some sort of triggering event. Once higher levels of inflation begin to hit; an inflation that neither the Fed nor the Government can hide with its cooked numbers, I think we will see a solid resuming of the bull in both gold and silver. As long as the Fed continues on its present course, and there is no reason to suggest it will be taking a new path anytime soon, high levels of inflation are on their way - sooner or later, imo ---- GL
I really don't want the debt crisis to get out of hand, but I'm so deep into this dumb position, i need a serious rally in silver to just get close to breaking even. I never used my stop loss on this. ARGHHH. :-(
Only way uslv really gets going again in this final quarter of 2013 is if Congress really screws up here over this debt ceiling business -- i.e. fails to reach a compromise by the imposed deadline. Some sort of deal is likely to be struck, making it difficult for silver to mount any sort of sustained rally into year's end - unless some sort of unforeseen crisis emerges - Imo - Gltu.