RE:RE:RE:RE:CNC should turn up with the marketsVery interesting thoughts apapas - thanks.... With the current levels which are equivalent with mid October all-time highs, I still think we are a bit away from the FOMC being overly concerned yet, but I agree that they will try to take a softer approach to the tightening. As they are strong-armed by inflation, it's gonna be an interesting balancing act.
The price jump in precious metal mining companies was remarkable today. Hecla, Harmony and others had a super strong day. Totally agree - gold and silver is definitely something to watch and I am wondering whether folks are starting to hedge to weather a stronger storm?
The S&P going down to the next support level (~4400 ) wouldn't surprise me, however: Nobody can afford a much longer weak period as this could easily with inflation cause a spiraling effect: There are many people with monster wallets right now but if they stop spending and are getting concerned, we'll see steep sell-offs.