From the larger picture perspective, precious metals have been holding up very well here with all the turbulence going on with the debt ceiling and the weak economy. All the economic numbers are pointing down and the stock market is following them down. With Republicans insisting on spending cuts, with the states in austerity mode, with Europe in austerity mode, with China fighting inflation, there are no catalysts to bring the economy back. I continue to feel we are in an economic depression not some "Great Recession". This thing is going to last for years and it's going to get worse before it gets better. I have been predicting for some time that Bernanke will start firing up his helicopter soon enough. He doesn't want things to get out of hand and he is always aggressive. I believe we will see QE3, or some version of it soon enough.
As for precious metals prices, we are now entering the best season of all. The September through January period has more often than not been very strong. Who wants to invest in the dollar, euro, and yen with all the mess these economy faces. The only true safe haven left is precious metals. I'm looking for substantially higher prices in the coming months. It can only help our little stock which is blossoming at just the right time.
AI
