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Silver Wheaton Corp. Message Board

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  • longpicker longpicker Nov 10, 2012 9:56 PM Flag

    Are they obtuse, or just play acting?

    I think the stock market was "propped up" and gold and silver prices held at bay leading into the election. Now that we have a definitive POTUS, the PPT can let market forces reassert themselves. Hence the fall of stocks and the rise of precious metals this week.
    To speak to your question, I believe a stronger dollar is needed leading up to the debate over the fiscal cliff. Without a rally in the dollar there will be no way to contain precious metal prices. They even rose along WITH the dollar this week. What does that tell you? Safe haven plays gonna shine into year end. IMO

    Sentiment: Buy

26.70+0.51(+1.95%)Aug 25 4:00 PMEDT