Pretty frustrating..stay the course with precious metals imoFacts are this
Most indebted global environment ever
Most levered financial system ever
Most fiat currency printing almost ever...Money Supply has increased 40 percent in the last year
Negative real interest rates...-4%
United States 28T debt plus $150T unfunded liablilties...BANKRUPT can't pay their bills unless the print money and if they raise rates it gets worse when debt comes due
Most corrupt institutions - check the fines for Deutsche Bank, JPM and even Scotiabank....and the FED is owned by these institutions. (how??) read Jekyl Island
How a non corrupt educated and informed investor can digest what happened yesterday from the FED...perhaps we will hvae a quarter of 1 percent increase in interest rates in 18 months, .can slam the precious metals is a complete crime if they want us to believe this....how in a fully levered world is anyone interested in a quarter of 1 percent. Yet this is all they need plus the controls they have in place with non postion limits and naked shorting with incredible volume to "tamp downt the" barometer that will expose and derail this corrupt fractional reserve system.
A great video from Rob Kientz this week at goldsilverpros.com explains in great detail the Perth Mint and how they lied. It took a CA, well educated analyst to break down the compicated fracctional reserve mint which is now operating like a bank...they did a great job and we need more exposure like this on our system.
The FED is owned by the banks...how flipping wrong is this!
Sorry for the rant...can't listen to some CNBC expert try and tell me this makes sense. They focus on a quarter of one percent but dont include the rest of the formula....money printing...debt etc!!