***Precious Metals Investors Club***

[White Cobra]

Previous Minutes Eluded To This

Milo3,

Yes, some previous Fed minutes hinted to the possibility of the Fed reducing it's stimulus process by the end of the year. Yet, the latest wording seems to be the same old "wait and see" posture.

To me it is nothing more than propaganda to make the current bubble look credible. Could the Fed also being using it to help the Cartel keep PM prices low and also help prop up the US dollar? In my opinion, the answer is they could and they likely are.

Yet, as the Cartel forces down PM prices. China and other countries just hoard more physical. Also, you may want to check the continuing depletion of physical from the GLD vaults. Amazing how much is suddenly being taken out in the last few months and it just continues.

Personally, I think the more they spread the rumor the more negative and effect it will have on PMs. Yet, I also think serious money playing the current bubble for profit is also watching to know when to move back into PMs.

Personally, I have resisted the urge to sell. I may liquidate my few gold pieces, but plan on just holding onto my silver for the near future if at all possible.