RE:RE:RE:RF if you are listening.........................Everyone, including the Feds, knows that the economy has been steadly sinking. The Fed knows that it is putting up fake numbers to make it look like the economy is in great shape. Because of this they would not want to raise rates, but everybody is starting to view the Fed as a bunch of incompotent fools, who talk big, but are too afraid to actually do anything. So this time they might actually raise rates.
But, contrary to what most financial writers say, it will be a non-event. They will raise rates only a tiny amount. Sure, even this tiny amount will alarm people, and the stock market will fall, or even plummet, but only for a few days at most. People will say, hey that's not a big deal, and they will also beleive the fake numbers saying that the economy is in great shape, especially since all the talking heads, as they are doing even at this time, will say that jobs are growing and people are doing great.
So the stock mark will start going up again.
Likewise, gold and precious metals may drop sharply at first, but then turn around and start back up. And I mean really start moving up. Up past the highs for this year. September through January is the time of the year when precious metals go up. The COTS report says that the number of people betting long - betting that precious metals are going to go higher - is at an all time high, and therefore it is a major contraindicator, and that means the the precious metals are going to crash. Normally yes, but in the early stages of a major bull market, such as the one we are in now, the market can power upward, against all resistance.
I have spent the week buying more IVPAF shares. Precious metals may continue to back off and go even further down from here, but it is just as likely that they will power upward from here, especially IVPAF with all the catalysts going for it. Right now its price is a steal and I intend to continue buying at these prices.
People, this is a stock that you buy for the long term. It may be years before it gets to $10, or even $40, but that's the point. Buy it here, sit back, drink a cold one, watch your favorite football team, lose their chance at the playoffs again this year - I'm from Texas and a Cowboy's fan, ouch - but I will know that I have a pile of IVPAF shares, enough to make me rich over time, and hey, I think that Cowboys have a chance this year, especially since Romo is now reduced to being the back up quarterback.
Yes, this should be an interesting year.