Never bet against the Fed. Ever.
With gold and silver down between 4-6%, the miners are getting killed. They are hitting new and fresh 52 week lows, ad hoc. If you’re looking for stocks to short, perhaps the ones above their 52 week highs can offer a target price, something tangible for sellers to sink their fangs into.
Stuck in at 8.50 on EXK..cant bail now…
That’s like saying $EXK can’t go lower. Do you believe that?
Petter Schifffed his pants
Meanwhile MCD rocks on to new highs regardless of the tabbed blogger analysis.
There might be a long trade to be had here soon, according to PPT.
Developing…
Everytime gold or silver takes a dump Jim Sinclair sends a very emotional email to his followers to hold and buy. It’s not fair he says. This is wrong he says. This should not be happening he says.
Gold and silver will bottom when he has lost all his original followers. What a duschbag.
To no one’s surprise, the Winklevosses are one of the biggest holders of (two)BitCoins. Once an asshat, always an asshat.
Apparently they’ve been holding for quite some time after having bought in the single digits.
Probably the only people on earth that experienced the full parabolic run with a decent amount of size.
Not a bad trade as long as you averaged out on the way up.
Inflation will hit later this year or next and then the PMs will start to go back up.
Why? Corporations refuse to hike wages, and oil is in oversupply.
wage inflation always happens two years down the road…. thats the beauty of the hidden inflation tax.