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Re: desert-heat post# 1085

Wednesday, 08/31/2016 11:45:50 AM

Wednesday, August 31, 2016 11:45:50 AM

Post# of 2206
Hmm.... I think we are about at the bottom. Even if PM market could struggle going into the Presidential elections, I do believe there will be a small bounce to get out at a higher price. But the next few weeks could be upsetting and the patience maybe required.
For example, no rate hike is expected this month regardless of noise/bullchit from the FED. FED will use the media to suppress the PM price until the FOMC meeting announcement in mid Sept.. This should bounce the PM back at least to the MA(50) level. JMHO

Disclaimer: it's all iMo~