Tapering Sticks Pins In the Market. Not PM Friendly
30 Jan claims gets bogus numbers, but general market is looking for excuses to go down. Dollar weakness near term should bouy everything, but the market believes bond buying built a floor under the market.
Business will have to get off its duff and start hiring in the blind more than Micky D part timers and inventories are already overbuilt.
This is one stress test that the market isn't too big to fail, and if you dont smell selloff in the wind, look at the Jan indicator. That voodoo is 3% lighter.
Silver is down nearly 2% this AM, with claims up next. Can you say cover your six boys and girls with covered call sales against your shares?
yep its been hard owning PMs this government fudges all the numbers, we may have a revolt against it someday as redistribution of wealth doesnt work, but I do believe that they we PM investors will be vindicated but not sure when........in the meantime it makes for fun and sense to play the ups and downs in the SLW....... I appreciate sharpies help!!