17-21 Dec Eco Calendar: Twas Cliff Before XMAS and NY, too.
I was right about the gun stocks, as soon as Biden was announced as the gun czar, the whole area calmed down, and the 33% hit those gun manufacturers took started to abate. Most got an 8% pop today, and they'll garner back about 2/3 the distance they fell by 1 Jan. New Zealand's crime rate for home invasion and robbery soared after they banned and required the turn in of rifles, in the wake of the loss of habeus corpus last Dec under anti terrorism laws, and the President trying to usurp the Congress on the debt determination issues, now's not the time to be giving up any rights in the first ten Amendments.
We tried Prohibition in 1918 and gave up in 1931. Seems we need to get sober on gun control.
The fiscal cliff is being blamed for today's selloff, when in effect we had three poppy days in the general market. Gold and silver are being hammered, I wish they were being hammered into coins, but the prices are melting in a repeat of the beginning of 2010. I wonder where sh1thouserat is, this is the time he usually comes around and cries short.
I do know this, that SLW has once again started to behave more like AGQ than SLV. I like predictability, it helps investing, good bad or indifferent.
Looks like in the world of guns or silver, guns are winning long today.