Post by
cbew on Apr 25, 2022 7:15pm
PMs will do a moon shot when the Fed does their next pivot!
No doubt this was a bad day for the PMs. The Fed's plan to hike rates by over 200 basis pts. by the end of the year no doubt is spoking the PM sector. But how many more rate hikes will the FED be able to do before the whole economy implodes? 30 yr mortagae rates are already double at 5% since last year. Will it be able to handle 6%, 7% rates by the end of the year? My feeling is that we are going to see a housing crash, stock market crash and an imploding economy sometime in the summer. Since this is an election year the political heat will be on the Fed to reverse course and they will pivot to easing like they always do LOL. Then the PMs will do a moon shot when everyone realizes the Emperor as no clothes LOL. My prediction is new highs in both gold and silver by year end. Just hang in there, our day will come soon IMHO.
Comment by
DWNUNDR77 on Apr 29, 2022 8:25pm
So this is we're your hiding out cbew. Can't blame ya for leaving the land before time at the Fox. It's impressive to see such a motivated management team here. Looking forward to the ride up here;)