“As for PMs, the funds and other ‘smart money’ as well as retail investors took the news from the Fed to mean the USD will depreciate against hard assets of all kinds. PM gains of 10-15% were widespread within ninety minutes though most faded toward the close. September 16 nearly all issues gave back significant portions of their gains as the metals indicated that their roller-coaster nature had not gone away. With those postulates in mind, it is useful to look at some of the better companies in the sector to see how they fared the day after the QE go sign flashed. Price action is important in considering what horses you will ride.”

http://seekingalpha.com/article/1704792-precious-metals-true-to-form-as-markets-wake-to-reality

Did you like this?
Tip Freedomwat.ch Staff with Bitcoin

Donate via Installed Wallet Copy