Loading ...Ipso – agree with that. They can’t sustain interest rates at 5-6%. The Gov’t is more addicted to 0% rates than we the people.
deer79 – yes, and this is an oversized move to the downside – especially in silver – that came out of nowhere, like it always does. No real reason for the big of a hit, nothing to do with the PPI this am. Silver is trading like an industrial metal today, getting trashed with copper and the other metals. The PPI did one thing, it pointed out that demand is falling off a cliff. I’d think pm’s would like that news as the Fed will need to print their way out of it eventually. Pick your reason.
I thought days like this might be over for a little longer. This is not a technical move IMHO.
I’m watching HUI 265. That should be some serious support. If it goes, I will definitely be rearranging the portfolio. Sad to think it could even come to that. Gotta deal with what is for now.