Re: Opinion on metal prices
in response to
by
posted on
Nov 22, 2013 12:20PM
(Edit this Message from the "Fast Facts" Section)
Hey Sphin - you seem to be a much better market timer with regard to the metals than I am, but my personal bets are based more on the "manipulated" theme than on traditional technical trading reasons or supply/demand fundamentals. After reading for 5 years about the various investment banks activties in the LIBOR scandal, it's hard to doubt that they are involved in the control of PM prices either directly or as agents of Central Banks so my personal opinion is that when they release the price to the upside it may be in the form of an international overnight revaluation/rebalancing of some sort. In this sort of instance, all traditional trading signals will be worthless so therefore, I'm more like Pic purchasing the physical metal and buying PM stocks for the long haul. And for those of you who think the government would never do anything nefarious, just check out this lastest fascinating piece regarding the Kennedy assasination which was indirectly confirmed by Gerald Celente's great interview on King World yesterday. Of course all this multiple year downtrend in PM stocks and metal really only benefits traders who are successful short side traders (and how many of them are there really?) and investors who buy "all the way down" as Pic and I like to do! Happy Thanksgiving my Fellow LONGS! Khaki
http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2013/11/20_Gerald_Celente.html