Metals Markets Up - Stocks Down, Trump Now Blames the Fed

in #steemsilvergold6 years ago (edited)

We are having another nice rally in the metals markets today. Its been awhile since Gold has had two strong days in a row.

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Those are all powerful moves across the board. The stock market is bouncing around aimlessly this morning, so its a bit odd there is such a huge move in the metals. Maybe some folks are starting to wake up. Maybe some of them see all of the hypocrisy and fear in Washington. I remember Candidate Trump blaming Obama and the Fed for pumping up stocks with artificial money printing. "Candidate" Trump was right. I wish I could find a YouTube video on this...oh wait

So now "President" Trump is singing a different tun all together and the hypocrisy would be funny if it wasn't so destructive to the middle class and families across the globe.

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Wait, which one is it???

Rates are still half of historical average and Trump is claiming the Fed has gone "Crazy"...ok.

What is crazy is that we have a central bank in the first place but that is a topic for another day.

Plan for the worst and hope for the best...but plan.

@matthewwarn

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The prices of precious metals were starting to get slammed down again and I was thinking we might have another great buying opportunity, but it looks like they're jumping on the Fed news. Would have been nice to get even cheaper silver, but it is what it is. You buy when you can.

Buy the time it comes to sell silver, you won't really care if you paid $13, $14.50 or $18 an ounce...I just keep adding bars like a madman

That's true. At the point we cash in, it will be such a small difference comparatively that it won't matter. I think you've got the right idea. I need to do more of that myself.

spot on 100 percent.

Thank you for your continued support of SteemSilverGold

Why are cryptos taking such a beating?

as I write and will again shortly..they can't get going with 80 percent (almost) bulls..that is (to me) critical.

Yeah it is, no it isn’t! Hey, wait, look over there, howya doing? Next question please...

fine post...and you know, rates/dollar come down fairly soon..