TSX:LSG.DB - Post by User
Post by
LexMark747on Dec 15, 2013 2:36pm
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Post# 22007803
The Technicals & My Take
The Technicals & My Take First of all scroll all the way down to get by the advertisement.
Secondly, the only thing now standing in front of the price of precious metals is the Fed and it's tappering threats.. I do believe that come New Year the Fed will attempt to tapper and that will put presure on the precious metals sector again. It' won't last long. When the fed starts to tapper the Car sales, the Realestate sales along with other economical indicators will plumet. The Fed will be forced not only to go back to QE3 but will probably have to start printing much more than the 85 Billion that they already where. Thats when the precious metal's will start moving upwards toward the old record highs and making new record highs. Hopefully LSG will make it to the top of it's trading range and fall no lower than its trading range when pressure is put on the precious metals. Regardless, i will be holdong on to my position in LSG. 