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Re: Edge83 post# 1098

Thursday, 07/27/2017 2:07:04 PM

Thursday, July 27, 2017 2:07:04 PM

Post# of 1401
Maybe, but my guess is that we will continue in a bearish manner until a huge event shakes up the world. Just about everyone is aware of the massive worldwide economic problems. I think the US stock market will continue to climb the wall of worry because Central Banks around the world know that they need to keep it propped up. It could be years before we see a significant turn around in the Miners. The old saying of don't fight the Fed is certainly evident.
If the dollar index begins to move below the $93 range, I fully expect Yellen to talk up the possibility of raising rates but only slightly. They will try to talk up how great the economy is and that we will only see a slight interest rate rise. This will push the $ back up and we will see GLD and SLV stagnated. JMHO
Of course the so called black swan could show up at anytime and all bets are off then. I would wanna own some GLD and SLV when that occurs. Owning a mining stock could be tricky, depending on the severity of the event. JMHO
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