Let's all take a deep breath and remember what's taking place.
The Fed is about to add $2.2 Trillion to the balance sheet over the 2013-2014 period. It may go higher if UE remains over 6.5% and their measure of inflation remains timid.It will. They'll make certain of it.
We're about to also embark on a new mini-stimulus program. At the same time, a "budget" will be agreed upon somewhere between a fiscal slide and a mushy kick the can down the road kiss and make up,vote for me concillatory tone. The markets will have what they want. Closure. FUD will be gone.
Near ZERO interest rates.
They're telling you. Guaranteeing it.
The breather metals have taken is about to change.
Tax selling will end shortly, and this year that tax selling was exacerbated by the need to take profits before uncle Sam takes his share next year......whatever that share is.
And the markets may very well rise 10-15% this year or more!
There's Trillions of fiat out there that's going to come back into the markets.
And central bank,sovereign funds around the world continue to buy gold.
I'm almost all in for the risk on trade.
All true, and it is easy to forecast considerably higher silver and gold prices in the next five years. In the meantime, however. the Congressional Lunatics are running the Asylum.. The Media will be all over the fiscal cliff story like white on rice. CNBC with their countdown clock ticking down the seconds is beyond cheap sensationalistic pandering journalism.... So, ya gotta ask yourself when do you jump on the SLW train to maximize ;your returns. l all for boarding the Pullman, but my read of the charts is telling me "Whoa there,Pard, wouldn't be too hasty to pull that trigger".