Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Uh, they aren't going to announce anything until tomorrow. I'm not surprised they gapped it down ahead of the FOMC announcment. Look at the buying/covering so far today. Keep on trying bud.
The Fed has already said what an acceptable unemployment level will be, I'll give you a hint, it's not 7.8, 7.9, or anything over 7%, so you can bank on QE continuing for the time being. Also, the whispers are that QE4 will be similar to QE2 with unsterilized bond buying, PM's are going up this week.
QE4 probably getting announced in 2 days. Don't get left at the station.
Now THAT was a short cover, big move up this week IMO.
While I don't doubt banks and hedgies can influence the price of PM's, if QE4 is going to be unsterilized bond buying ala QE2, the dollar will plummet and gold and silver will set new highs IMO.
I heard the QE4 bond buying was going to be unsterilized unlike Twist, but we'll have to wait and see. Either way I see a move up in PMs on the announcement.
Remember you have the probable announcement of QE4 next week. I would recommend to buy before.
It's amusing really. Pay no attention to the man behind the curtain.
With interest rates staying near zero until at least 2014 and QE until who knows when, I don't see how you can feasibly say gold is going lower in the next year.
With manufacturing data contracting and unemployment staying stagnant I would say there's a very very good chance. Looking at the FOMC minutes I'd say they tipped their hand already. Buying any dips.
Test of 34 coming soon.
My advice is to stay in the trade on a technical breakout.
SLV been the best performer by far. I want to see how low the premiums can drop with PSLV before maybe taking a starter there.
I can however think of a group of people QE4 WILL help. I can't count how many times I get asked why I've alloted so much of my portfolio to precious metals, as inflation isn't that bad. I tell them inflation isn't my reason, it's currency debasement. They usually give pause and you can see the lightbulb go on. Happy Thanksgiving to everyone.
There's a good reason why "PPS is way...way..oversold", KATX turned into a gutted shell with a ballooning share structure. Just another stinky pinky in a long line of stinky pinkies.
China is making a run to unseat the dollar as the world reserve currency IMO, it's a real possibility. They've been importing gold hand over fist.
60M dumped through one market maker? Lol, some people might call that a clue.
See if it drops tomorrow too. Fire sale right now.
FOMC hints at more QE after Twist ends in December. Hooray for commodities. SLV should benefit nicely.
Good call.
That's if gold has a return to currency status, which it appears the banking industry is not ready to do yet.
IMO it's because they haven't fully positioned themselves to take advantage of the status yet. Banks have done very well with fiat money, and I suspect they'll milk it for all its worth, then when the dollar has depreciated to a certain point, precious metals will have currency status.
Indeed, it is a self imposed fiscal cliff that Congress put there. I expect a last minute deal to get struck and the can to get kicked down the road another year or so because nobody wants to be "that guy", and we will continue to print more money.
They feel that if home prices inflate that will help fill other holes.
I expect QE to fire up shortly to prop the market up if we don't see improvement.
Buying has been pouring in.
This is the start of a nice uptrend IMO, bet we see new highs.
Walked it down so hedgies could cover. Good news is IMO the correction is done.
Hedgies need to cover before moving up.
Buying in PM's heavy today, but MMs decided they were going to try to walk it down. Follow the money.
I still believe this to be the case, but it won't keep those who make the market trying to shake as much retail out as possible before running it up. There were also some institutional shorts that were still out there.
Don't think Florida is going to matter.
If it's announced Obama wins we'll be green, if Romney wins we'll be red IMO. Long term outlook won't change either way.
Buying hand over fist under 30 on Friday is looking pretty good right now.
Well they've said that the number of Republicans who are voting early is up, so we'll have to wait and see. I still say Obama takes it, which will be good for SLV.
I know plenty of people who will vote for Obama, guess it depends on your friends.
Did the squeeze start yet? I see somebody went rummaging through their couch cushions and bought some shares.
Unfortunately this is what happens in 99.99% of penny stocks like KMAG. People in the know accumulate and then dump on the run up while encouraging others to buy. Good if you're in the know, bad if you're the average retail investor.
Pulled the trigger on adding to my position today. I feel a Romney win is even priced in at these levels.
Buying with both hands right now