Member Info for DrJamain

Swazers - could you predict 400p please!!!

60p - I'm waiting...

Yes, his silence is damning. He has lost credibility.

Wildtiger - either you post a detailed and serious justification for your 60p prediction or I will assume that Mr Bond and Steve are right and you are, indeed, an attention seeking de-ramper. I am waiting.

That's a very weak response. Why 60p?

...based on what?

At the moment it's the dollar supercycle...

Haha,
So do you foresee a bull rally for PMs? If so when? What will trigger it?

The PM rampers like Schiff, Maloney, Maguire have called the market wrong - simple. In the spirit of a stopped clock showing the right time twice a day at some point they will get their bull rally, but when?

It's difficult - inflation is eroding the value of cash, equities look like they will get hit, Cryptos are shaky.
I am buying real things I have put off buying, investing in commodities and PMs, growing food and becoming more self-sufficient.
When the storm passes these will do well. Civilisation will not end, but it looks like there will be a significant transfer of wealth and assets.

I agree it is going to get very messy - but I am very dubious about the motivations and intentions of the banking elite here.
If you haven't read 'The Creature from Jekyll Island - A second look t the Federal Reserve' I urge you to. These people have form.

Very true BTB
Get the world hooked on your product, debt, and then raise interest rates. Watch people squeal as you steal their wealth and assets. It's a system made by bankers for bankers.

Jay - I agree, the Fed's dollar support program is killing PMs - but it will also kill the economy. They will have to reverse at some point.

Just topped up

At some point in the future we will look at moments like this as huge opportunities to buy, not to sell.

It's an ugly chart - the Fed's support for the dollar is in full control. The economy will suffer but currently they don't seem to care.
As for Fres it is around the bottom support of the upward channel from Feb 22. Let's hope it holds.

It bounced off $1803 earlier - let's hope there is support.

The Fed is ruling the roost currently with their strategy of supporting the dollar.curbing inflation and stabilising the bond market, but this inflation is not the result of an over-heating economy, it's the result of money printing. As a result using interest rates to control demand is inappropriate, they will strangle the economy. They seem to be saying it's a price worth paying, perhaps they rather like the idea of it so assets can be bought up cheap. Whatever their motivation at some point the real world will intercede and they will have to pivot. Until then it looks like PMs will suffer.
Looks like gold will test $1800 today, silver trending to test $20

Contrarian, some questions:
1) Do you think the transition from the carbon based economy to the 'green' economy will stall? If so for how long?
2) If you think it will continue do you think there will remain high demand for nickel, lithium etc? Or do you see a novel technology destroying demand?

There are days when the market is so contrarian it baffles me - this is one of those days. SP currently down on this RNS...mad.