Hi Shimmer and others,
Just a thought it is great that we are seeing upward movement in both Gold and Silver these days.
As we all know the USA need to take some action to lift their debt ceiling and commence the next money printing bout in the next couple of weeks. It would appear that some of their politicians are at least trying to be showing some resistance and putting on a mock show of fiscal responsibility. I say mock because I cannot see what else they can do.
Uncle Tim, Uncle Ben and the other powers that be need to show the US politicians who is really running the show. By putting the brakes on the plunge protection team for a week or two (no 3 figure DOW moves etc.) and giving the gold and silver price cappers a few days off they can bring pressure to bear.
Recall the last financial rescue package by Uncle Hank was at first resoundly defeated by those fiscally responsible politicians. All it took was two days off for the PPT gold / silver cappers and the bill passed through the house with over a 100 vote majority.
Maybe once again the back bone of the jelly fish is being tested.
If my thoughts above are correct I at least hope the show of fiscal responsibility can hold long enough for us to see $1,500.00 and $45.00 respectively.
As always just shared thoughts.
Cheers: Andy
- Forums
- ASX - By Stock
- SILVER
- $39.60
$39.60, page-10
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SILVER (COMEX) to my watchlist
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online