Much like we saw “Bush-bashing fatigue” start to set in a few years ago, my sense is that all of the Bernanke/Fed bashing is starting to become a bit played out, regardless of underlying merit. Peter Schiff, in the video below, has been pitching the same argument for years now. It is easy to dismiss him as on the fringe. However, think about how many others have parroted him in recent years. There are only so many times you can hear about the “Fed printing money and ruining everything” before it gets tuned out. That may be to the U.S. economy’s detriment over the long run, but it appears to be inevitable to me at this point that Fed Fatigue is imminent.
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Agreud. If you look at Gold/Silver mining stocks, they are nearly all at multi year support levels.
I’m betting the dollar takes it on the chin very soon. The S&P is starting to look toppy. I’m moving my money over to PM stocks, Jake style.
Agreed, but with the opposite conclusion reached ^ by FIG.