Americas Silver Corp fka USAPF

[permabear]

We're in the doldrums of summer. Precious metals have been taken down along with other commodities (oil has gotten crushed) in response to problems in Europe, the end of QE2, along with some seasonal trends. The powers that be I think are actively working to take commodity prices down as a means of helping to juice the economy because they are out of ammo on both the fiscal and monetary front.

Seasonal factors get much better for PMs in August and especially September. Personally I'm looking for a deflationary dip in the coming weeks and months, with a stock market correction, and increasing alarms about the weak economy. I'm predicting we see QE3 by the end of the year. If I'm right it will be off to the races again, and new highs for both gold and silver in the next year.