Replies to post #18895 on ***Precious Metals Investors Club***

[White Cobra]

Waiting On Next Move

I want to see what kind of policies are now pursued by the Fed. Some think bi-partisanship will now take place more out of sheer desperation than anything else.

Personally, I think a band-aid might be applied to prolong the fiscal cliff.

I also think others are waiting, to some degree, to see if bi-partisanship takes place. If it does, and the economy does make some sort of real progress, I see PM prices going down. If they do not, I think the unavoidable reality of hyperinflation will move more money into the metals as long as they seem a safe haven compared to other investments.

Personally, I think now is the time for me to sell some gold and put some needed funds in the bank (and into groceries, property taxes, etc.) I have held for a long time, but now reserves are low and I am not sure if extended unemployment is going to be possible

If the Congress and Senate do not approve additional funding to the states, most people on extended unemployment will no longer have income as of Jan. 1, 2013. As illogical as it sounds, I think they may leave those in need high and dry.

On a positive note, I did find a broken 14k necklace this past Saturday and got it for a quarter (.25). Also, found a child's jewelry box at a Goodwill and paid $3.21 for it. In the bottom was a Navajo cuff bracelet with the maker's name and the word sterling on it. Look for around $25 on the small necklace and around $35-$40 on the bracelet. Not rich, but still nice to find.

[Stinky_pinky]

Challenge!!! An impossibility if you ask me. I here you loud and clear when you say that there could be factors that impact the value of PM. If PM were allowed to find fair market value on fundamentals alone, they would be valued a lot higher now. News media talked about the impacts of allowing the fiscal cliff to come about, and the it doesn't look pretty. War can be very stimulative to the economy...But we should have viewed this as a temporary effect from the beginning. Sooner or later, we need to wrap up our efforts in Afganistan, and not have to supply our solgiers with the MREs, uniforms, daily expenditures they require, and the economy will suffer as a result. I'm assuming this is what you meant by "deflationary factors" as prices in the grocery store sure haven't "deflated". The fact that PM has range traded for a while, contrary to global economic uncertainty, and declining supply issues is an indication that other factors are at work (market manipulation). I don't know if you recall, but last summer, Bart Chilton promised the CTFC would be wrapping up the investigation of this manipulation in early fall...Hasn't happened yet. Hmmmm. S~P