RE:Forward looking statements
Hey ACES, I remember you from the AUN board way back when.
I can appreciate your view that Yellen and company have cried wolf before, but the state of the US economy is much different relative to a year ago. Look at any metric out there and you'll see that the almighty greenback is regaining its footing.
Greenback renewed strength
Couple the stronger economy along with the Trump effect and presto, a negative precious metal environment.
My view is that in the short term (1 year), metals will continue their decline as the greenback gains more and more steam thanks to increases in the lending rate along with a burgeoning ecomony (see Trump's spending plan).
In the end, will it be enough to dig the US out of debt? I say probably not, that ship has long since sailed. In the meantime, I feel that there's more upside in anything but metals. When(If?) it becomes evident that Trump's plan is faltering, that'll be the time to strike. That could be the time to dive into metals with reckless abandon and ride the wave to glory.
Not now though. For the next bit I'll be joining the rest of the lemmings and riding the equities and fiat tide.
Best of luck.
Shat