Probably not "news" to anyone who's in this game.
Some buzz phrases;
1-QE "I"is out there. BUT when each round of purchases are made, it may be juicing.
2-October has historically provided some real roller coaster rides.
3-Presidential politics provides fodder for all pundits. It tends to scare people during uncertain times and we are definitely in the midst of uncertain geo-political and economic times.
4-Speaking of Geo-politics, when the NY Times prints an article about Egypts new leader and he (Morsi) sounds like he's running the show, we have big trouble in little China baby. Think about that. We are cowtowing to the Muslim Brotherhood!
5-The nukes are coming, the nukes are coming. Alan Arkin needs to revise his role.......Russia, Iran.....does it matter? Sure it does. The Russians never fought over religion. We were not infidels in their eyes.
6-And then there's Benny and the Jets. Yeah, that Benny.
7-I want my MTV and more food stamps to buy skittles.
8-Want a loan? No prob. Get a job first.
9-Wouldn't it be funny if the whole country refinances, and they do away with the mortgage deduction? Hahaha,I mean, only those with a job earning over 100k get the re-fi and only those lose the deduction.....
10-Kim Kardashian gets more money to show up than Bill Clinton.
What does this all have to do with metals and miners?
There'll be bumps in the road.
Talk to me next year as it all intensifies.
Here's the net result of my feelings. Over time, and through the volatility, AG and AU should shine.
I am however worried about what the stocks will do near term. If there is an eruption in ANYof the eco and geo-political areas, Mr. Market could take a beating. I expect it as the retailers start getting back in.
I have sold my stock positionsand booked all gains, which were significant..... but hold all metals no matter what.