Thursday, August 23, 2012
23 Aug 2012
Either way, it's sad that an economy (market) depends solely upon how much new money is being created to perform large scale asset purchases. It's more sad that large scale asset purchases are inflationary, and inflation most heavily affects the most poor. Speaking of, let's look at gold and silver.
The same applies to silver.
Considering interest rates aren't as negative as they were and the CPI adjusted monetary base is contracting, I'm tending to believe that these moves will take a breather and consolidate again before breaking above my trendlines. However, anything is possible.
at 10:36 PM