gets battered, strengthening the dollar.
As a result, Gold and Silver get hammered, but are actually holding reasonably well. This "event", another as the string of PIGS go down and get bailed in succession.
Now, we (the true arbiters of fundamentals) knew this was on the horizon. We also know the bail out will be on the horizon.
The question is; On balance in 1 month (when looking at this event only) will the dollar be stronger or weaker?
Will PMs shine regardless as more debt monetization is "awarded" and the Euro gets played?
And for you conspiracy theorists; Does JPM use this event and the weakness in PMs and strength in dollar to cover their position even more than "THEY" reported?
The answers are already being reported and written about with new prognostication by the Groupies.
I know, I just don't get it.
I have no clue.
Help me out with the COT report. I just can't wait.
If you don't know what to do, here's the answer;
With no time restraints and no margin,
invest in SLW. There may also be other semi-juniors. It's "good as gold".
Just my op.
It's still ALL ABOUT THE DOLLAR and DEBT.
Nothin has changed.
Well, as predicted, the under water ride is continuing.
Just hang a sign on my back that says "kick me",as I am a "diehard", I added another lotto ticket, well actually about 80 more tickets averaging around $1.12.
My knapsack is full.
Too bad it's sinking.
Bt as I said, I am a "diehard", right Hans?
I firmly feel you will do extremely well with your calls.....esp getting them as the option expiry game has artificially lowered SLW......
I also added substantially more.....my ave is a little above 1.28 though....not as nimble as you...LOL
If there was a box to check for EXTREMELY STRONG BUY, I would check it......!!!
Thanks. It's my pic of "event of the week". Only prob is the timing. How long does it take to play out and what aggravation factor is during the bantering about.
Ultimately, we know the end result. So I am playing the dips, as usual. There "could" be a severe one as Germany pounds her chest during the opening ceremonies :)
They've got gold down $50 from its all time high, and that will change direction once again, and SOON.
Gold is the only real currency and whether the USDX says the dollar is up because the EURO is down, shall be irrelevant. I mean, who is selling any physical gold these days? Go for it! There are buyers a plenty with their paper currencies...
Let's not forget rising bond yields and massive municipal budget shortfalls. Gotta pay the bond holders. Gotta make sure the police are paid.
Massive QE3 coming and continual dollar debasement until the confidence game is blown.