GREY:NEVDQ - Post by User
Comment by
Arbutus22on Aug 09, 2021 11:09am
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Post# 33671677
RE:RE:Gold and silver
RE:RE:Gold and silver"The trade with gold & silver is pretty straight forward here. If you believe Fed will get ahead of the curve or at least in line with it w/ regards to inflation then sell. If you think Fed will crab walk their tightening, then this selloff is a gift. I believe in the latter." https://twitter.com/pboockvar/status/1424529418920280067
Now that pog is down, along with silver, and other pm, big boys will be buying, covering their short positions, as retail sells into fear.
This morning, Yellen proposed raising or suspending debt limit. "Transitory Inflation" is government speak worthy of George Orwell's Animal Farm. Money printing continues unabated. Sure, tough to watch NCU price drop. But fundamentals have changed only in so much as company grows stronger as they inch toward producer status.