InvestorsHub Logo
Followers 30
Posts 8757
Boards Moderated 0
Alias Born 12/15/2004

Re: wow_happens28 post# 844

Thursday, 06/16/2022 3:05:35 PM

Thursday, June 16, 2022 3:05:35 PM

Post# of 2588
wow: I have been advocating gold and silver for a decade now. The last 2- months have been challenging in that sector. But it is only a matter of time before they take off. Inflation is too high and I see no meaningful attempt to abate it by Jay Powell. The interest rate increases may help a few months hence. But the PPI on Monday showed that there is still higher inflation baked into the cake already. The bubbles in stocks, bonds, and crypto are now in the process of reversion to the mean. Crypto in particular has gotten decimated. Real estate is just starting to weaken at the fringes. It has a ways to drop with interest rates rising. There is not an unlimited supply of cash buyers. Gold and silver have built a strong base in the $1780-1850 trading range. We tested the cycle lows multiple times. So technically I see a series of slightly higher lows. When gold and silver finally break free I think they will run quite a while They are money and have been for 5,000 years.

Join the InvestorsHub Community

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.