There is still one fact that remains to be true. When QE4 was announced and silver jumped up .80, that is the way a free market would move. There (IMO) is no reason that after QE4 was announced that we should be trading $1.20 lower than before the announcement. We've gone to the highs of $49 after QE and QE2 and have retracted all the way to $26. year on year, we're doing good...but if we were actually trading in a free market .....another 2 rounds of QE... QE3 and QE4 announcements should have us trading higher than we are now. Not into the $40 but higher that $34. Heck you want to look at it black and white....if 2 rounds took us from $20 to $49....2 rounds again should have us from $26 to $49. That's just black and white, but again, 2 more rounds SHOULD have us over the $34 mark. For a commodity that is supposed to be a hedge against inflation...where did the fundamentals go? JMO.
Edited by samsnate
12/15/2012 12:23 pm