Seem's like most have their own theory. To get even close to a rational explanation one has to step back & look at the macro economic/political picture during the PM lift off period's. Not always easy because condition's change so rapidly, especially today. Without dwelling on the trading psychology aspect it's not really a big a mystery as some may believe. Start with the obvious, a store of wealth & safe harbor in uncertain times-fact not opinion. Because of the volatility in psychology surrounding PM moves, market technicians/ chartists seem to have a problem connecting the dot's most of the time. Which bring's us back to the fundamental's. "Perceived" inflation expectation's. A lower fiat/currency index brought on by $ dilution, which was caused by poor policy decision's in the first place. Then perhaps throw in a strong likely hood of wage pressure[higher] down the road caused by "social inequality" policy's-like higher min. wage. Not saying good or bad but appear's a given to me. Perhaps even more important supply & demand, with the emphasis on supply. According to the USGS figures gold mine supply has dropped every month so far this year! Not a big surprise considering cost of production. When you boil the picture down, you end up with higher inflation expectation's, loss of purchasing power & a loss of confidence in the system [read govmnt.] to right the ship. Maybe i'm a bit jaded after watching this ship of fool's operate over the last 40-50 yrs. but NO ONE can deny we seem to just lurch from one crisis to another, while picking up the pace & never addressing the root cause! What's amazing to me is the complacency in those govmnt. confidence number's. I'm beginning to truly believe most can't focus for longer than a 72hr. new's cycle-including many politician's.
IMO you are wrong as usual. Also "PM metal's" is nonsensical. The M stands for metals you nitwit.
IMO but aside form your illiteracy, banks drive metals. Period. Banks decide when metal prices will go up and when to crash them. The latest example of this is gold price rocketing up THREE MINUTES BEFORE the FED announced no taper yesterday. Banks with long positions capitalized on the FED announcement before it happened because they were told what would happen.
IMO you have never made money in metals because you lack understanding of reality. IMO I dance with reality always. Why? Because I've been to war. GLTU. SS
Speculator, don't you ever get tired of making a jackass out of yourself trying to imitate an adult? BTW-are you & "B" using the same 'puter in the library of a locked facility? Rehab, high school etc.? It sure sound's like it buddy! Good idea to hit the rack early tonight kid-your "cognitive tenacity" need's the rest. Big day tomorrow & don't forget when you tuck in "B" to give him a little goodnight kiss! "aside FORM your illiteracy"- "I dance with reality" In truth I think you dance with "B"-God your funny
Sold some of my HL @ 3.51 for a small lose.Still have a core position.
Needed to off set some Capital gains.
Live to fight another day.
You are right Drawn, about the complacency in govt. No one wants to do the right thing.
Our day in the sun is setting.
I agree that our 'day' in the sun is setting but not 4 a couple hrs yet. As the economy starts to slide,again it might make sense to have your portfolio at least partially invested in metals, or a mining operation.