Happy, healthy, wealthy and prosperous new year to all of you!
I couldn’t wait for the new year 2014 to kick out of the way this bad year for many aspects, not only related to PM’s. I am not saying that tomorrow first trading day of the year gold and silver are going to skyrocket right away. I think that actually this bearish -consolidation pattern will persist for some time. Equities, Treasury, are at all time highs (thank you FED, you are doing a great job in compressing the middle class and in transfer their money into the wealthiest 0.001% of the rich elite) and lots of money are trapped into these asset classes and away from the safety of PM’s. We need to have a major event, a game changer that will probably come from overseas or maybe in the 10 yrs bonds, for the wind to change direction, and this may and will take some time. Slow money are in Pm’s, all the rest of the quick-profit seeking are elsewhere… So, stay tuned and rest patient, this year will be better.
Happy 2014! Ciao and thanks for reading. Please share, subscribe and follow this blog. Later!