Silver Wheaton Corp. Message Board
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What implications does fiscal cliff have for Precious metals- Will it sell off too??
Thanks in advance.
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IMHO yes.
but safe haven is alive and well.
fiscal cliff is a automatic recession if we fall off, will congress do anything? do they even care?
PM's for myself are a insurance policy for hyperinflation IF that happens.
my advice is don't listen to me, yahoo posters are micro not macro.
sonySentiment: Strong Buy
- 1 Reply to sonya20911
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I am not so sure about this, because the PM's rallied when we were looking at the budget issue when it was expiring, and when US was down graded PM's rallied....cant see the US$ going up with the fiscal cliff....maybe I am wrong!!
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Don't you dare try to analyze the silver market with reason. If you are, only means you are underwater, and its about to get alot worse.
- 1 Reply to csco_brat
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truth: the markets can stay irrational longer than I can stay solvent.
Sentiment: Buy
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Good will sell off to balance the bad, we have already seen this movie, Nov 2008/Mar 2009.
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