Qe4 Announced! Fed Ramps Up Stimulus. Metals On The Move!

IF you sit and think about it...silver just being silver if you take the news out of the equations I guess. Wonder who managed to buy at the $32.2 area today? Such a catch 22, silver, want to see my stacks increase in value but also want to stack more on the cheap sometime early in the new year, so would love for it to be sub $32.....oh, such a fickle interest.

I personally dont see it below 30 again...but thats jmho. I've been wrong before.

Ok I know I am going ruffle some feathers but whatever. everyone is entitled to their opinion and I respect everyone's. All that matters to me is I respect the tape and price action and that tells me if ima right or wrong.

Economy wise, I think while things are soft, slow and perhaps we are looking at very s-l-o-w growth here in the US and most of the world (notice I said most).. I do believe this economy is healing and getting slowly out of its deep hole.

To me, the fact that gold and silver are NOT ripping on this Fed news leads me to believe that the market knows things aren't that bad. and I do see it in the kind of stocks that the market wants.. I see many many stocks moving up near yearly highs and market leaders that are part of a healing and rebuilding of everything, of consumers, homes, cars to name a few.

Does that mean things are all roses? NO.. not saying that.

so where does that put gold and silver?

Well, I do think they will continue to do well. However after such a big long run they have had... these metal prices need to chop and consolidate, go no where for the next move ,,, which I feel based on the price action,,, should be up.

what was it,, with gold when it hit its previous all time highs around 800s, back in the day. it then crapped out and fell like a brick. fast forward and we have passed that number and moved higher.. and we have NOT puked and given all that up. so that's a major positive.

also a side point. you know, I agree with the documented material out there that gold, well, its not everywhere and NOT easy to get to. that's going to push prices higher over time as well.

but hey, that's my 2 cents.. and btw I am NOT a gold bug.

And 10 days later here we are slightly below 30. Hope it doesn't go much lower or I will have to go back to the drawing board on how I see that the market works. Although, I am always just trying to be close so if it satys about here, I wouldnt be too far off.