I Am Of The Same Mindset Given All Things Equal
SP,
Right now, I would agree that selling would make the most sense depending on whether you are a trader or long term investor.
Everything seems to be in favor of gold and silver going down. Tapering should boost the US dollar which tends to trade in the opposite direction of PMs. The Fed continuing to keep interest rates low will likely continue to add liquidity to the markets luring big money away from PMs and into other venues. Also, the likely budget hurdle being overcome by the US Government does not help PM prices either.
RISK OFF pretty much seems to describe the markets as a whole right now. Granted, a skirmish in the Middle East could change things. Inflation becoming official could change things, and a Contrarian rally could change things.
Yet, with the current mentality of the market and the willingness of the Cartel to drive PMs even further down to sustain the so called recovery, I see selling to be more likely than buying or holding PMs.
All this noted, the long term fundamentals for holding gold, silver, platinum, and palladium are all still as strong today as they have been for some time. I guess what many will do is hold a partial core position in case of an emergency and trade their remaining assets in the liquid market. If I had a lot of money, this is what I would likely be doing.
Analyze the Anticipation!!!
AI
