RE:Gold and miners are going higher than you can imagine...Whoa, wait a minute. I'd love to see gold go up, but not as part of an end-of-the-western-world-as-we-know-it scenario. I own ICG but, cripes, I own RBC too. When people start giving 5 stars to posts that include the phrase: "the conclusion couldn't be more clear....we are done for" Then I think it's time to step back, take a deep breath, and get a little perspective! Lol!
passionatepiper wrote: The FED are lunatic know nothings. Always have been, always will be. They have never gotten an economic projection correct, have blown 3 bubbles that burst which they never saw coming and they always make major policy mistakes at the worst possible times.
The stupid sheep consumer now has nearly 1 TRILLION $ in credit card debt, 1.4 TRILLION $ in student debt, 1 TRILLION in auto loan debt, own houses at all time highs on adjustable rate mortgages and...their wages have been stagnant for a decade!
This doesn't even scratch the surface of all the debt that's swallowing the world. Some estimate it close to 200 TRILLION $ world wide.
The US hit the debt ceiling today...again. Obamacare/Trumpcare is a wreck, there will be no tax reform and there will only be animosity in congress
The Atlanta FED dropped 1st quarter GDP to 0.9%....that's under 1%...a recession number considering inflation
Every brick and mortar retailer in America is closing stores, going bankrupt, laying off staff and seeing the largest drop in sales since records have been kept.
This simple 1/4 point rate hike adds 1.6 BILLION to credit card interest balances alone which on average are in the multi thousands of dollars per household.
Add in all the wars, riots, muslims, tension home and abroad and the conclusion couldn't be more clear....we are done for.
What you will see in the months ahead is a rapidly failing economy and data points. The FED will be backing off in a hurry and you will see QE4 before another rate hike.
At this point gold will catch on fire and the miners will be like a phosphorous fire that you can't put out.
This is etched in stone lads....enjoy the ride!