What's Next for Silver in an Ocean of Red Markets
Long and short term outlook for silver, including some charts, how bond yields play into it, and why we shouldn't be surprised by what the Fed does next.
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Do you have thoughts on how China's making deals with everyone to buy oil in RMB & not USD? And how much will that effect metal prices?
In 2007-2012 there was all kinds of media hype around buying Gold as a hedge against the US dollar. Celebrities with radio shows, columns, and other platforms pushed it hard. Most of them were Right wing and loved to sell the doom and gloom story of liberals being in control.
How do you see the precious metals sector performing with a Republican controlled government as the economy enters a bear market? They would get slammed as unpatriotic for stoking doubt in the strength of the US Dollar and the economy.... but what does that mean for Silver and Gold?
At the end of the day, Dem or Rep... they'll all paid in the same way & most likely paid by the same people). Don't get distracted by all this BS.
The questions you should be asking are:
Do I wanna be the "patriotic" sheep on my way to the slaughterhouse or the "unpatriotic" black sheep sitting back, watching the bloodbath from the sidelines ?
The banks were really patriotic when they got bailed out in 2008. They were even more "Patriotic" when they took their bonus from that bailout. They were also "Patriotic" by defrauding their own customers with service fees and adding products without account holder's knowledge (Wells Fargo). The common folks that lost their savings where also "Patriotic" as long as they didn't question WTF happened to their life-savings.
If people still believe that Republicans, Democrats, Liberals, Conservatives, etc, are calling the shots and things will get better in the next election because "this time around, it's different"... one might as well forward they're address to the closest sheep farm and make early reservations to the slaughterhouse :)
I'm thinking of silver and gold price movements as a result of media influence. Fox News is far less likely to push doom & gloom and the safe havens of gold & silver with a Republican in office. Doesnt fit the Right's narrative.
At the same time, I dont see CNN, MSNBC, etc hyping gold because their audience is typically more bonds and mutual funds focuses.
So I'm wondering what the prices will look like during the pending downturn without media hype.