RE:RE:RE:RE:RE:Patiently waiting for 16 cents CAD....First of all Heywood, the FED is/are the Central Banks.
Secondly, like all other previous high inflationary periods it comes in waves and the FEDS (Powel)
knows this. We are a ways from being out of the woods yet.
With the higher interest rates the smaller banks, (than central) all will suffer to various degrees the higher the rates go and the longer than they are held. There is to be more pain and fear coming to the markets soon.
The US markets S&P, DJ and Nasdaq are already vastly over priced like no other indices in the world and I believe a reckoning is a coming which will drop their values by at least and at a bare minimum of 30%.
When there is fear like that people and hedgefunds and gov'ts will all be trying to buy gold all at the same time and the top gold and especially silver juniors will fly.
The miners at present imo can't drop much further as they have already been pummelled down to never before seen lows compared to the price of silver and particularly gold.
I don't think there is room for anymore downside in these current never before seen depressed prices.
And as I mentioned the prices had better drop pretty darn soon or its not going to happen at all
as the Bears have had their ways since April and this won't or I believe even can't happen for much longer.