What Do You All Think?

well, here's my thoughts -

1- Fund money is leaving PMs and rotating out

2- as things get better, look for the Fed to slowly raise rates

3- the general public will flee in large numbers out of PMs and it will be common to hear your neighbor say "i dumped my coins at a loss"

So, bottom line, look for much lower prices in PM's. This is NOT to say, for investors that they do have a place in everyone's savings nor is it to say that their usefulness is done and over.

Rather, this is a rotation by the institutional money and we shouldn't expect a relentless rise in the price. But that's not a bad thing, the metals, need a good rest here IMHO.

Finally, I am many times wrong and have been wrong on the markets. In the end, the markets will decide where the price goes.

Left to their own devices, that would certainly be the case. It is known and proven that the gold market is manipulated. It is very likely that the silver market is too. Given that, the market may or may not get a choice in this.

As a bullion collector, I follow a very basic rule on PM buying: I only buy when I have the money!

Prices will be all over the map but if we believe in the long-term value of PMs, all we need do is buy them over time, as we can, and we will be fine. We won't have the lowest average price per ounce but then we don't need that to do quite well. It's very often the same with buying stocks. It's a lot more important to buy the stocks of good solid companies than it is to get them at the lowest possible price or sell them at the absolute highest price. Both of these are rare events and doing both with the same stock is virtually impossible.