By now, it's a fait accompli that the FOMC will announce a QE taper schedule on Wednesday at the conclusion of its November meeting. How the COMEX precious metals react..
Governments can borrow a lot of money when interest rates are negative, obviously. Sadly, when rates rise, the “debt is good” mantra tends to fail, and when rates rise a lot, the mantra fails badly.
The fundamentals supporting a monster move in gold and silver have never been stronger. This includes extraordinarily negative real interest rates, Government debt outstanding..
Although precious metals are still relatively under-owned and unloved, retail investors have been pouring into the metals markets since early last year.
Gold still struggling to bust through $1,800/$1,820. We look at uranium and gold. Is uranium leading gold? Oil breaking out of long term trend line. Is $100 oil on the horizon? Or even higher?
