| | | | It's possible. I see the recent sell off as people selling bonds and gold to pay off margin positions that got triggered when their stocks crashed below 25% mark down from peak SPY. Keep in mind that the Fed and Treasury are engaged in full blown stimulus measures now, which will drive more liquidity and more inflation into the real, physical economy. Their metrics won't capture it, because they use hedonic and exclusions, which hide true inflation, but in the real economy, it will be felt. The gold and silver prices are more of a reflection of the real economy, in my opinion. So I think we could see the metals go up from here. I'm still accumulating at good entry points. But then again, I've been accumulating FENY and FDVV at good entry points as well. I'm up on gold/silver (CEF) and FDVV, but I'm a little below the waterline on FENY, as I've averaged down over the last couple weeks. But the yields, my gosh, are just tremendous that even if they cut them by 50%, the yield will still pay you to wait for a long term recovery in the oil majors. It's too good for me to pass up, since I typically have long hold horizons. |
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