The markets do everything they can to throw us off course regarding precious metals. It reminds us of the street hustlers on 42nd St, who are experts at tromp l’oeil or “tricking the eye” as they play the old game of finding under which shell the pea is hidden. As a veteran of the precious metal wars, one day does not abort a multi-year trend just because it is lagging for a few months.
Indeed, these intermittent reversals have signaled excellent buying opportunities along the precious metals long term upward path. The path of the precious metals will be reestablished despite venerable experts who proclaim the continued decline in wealth in the earth equities.
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Gold and Silver Breaking Out Before Fed Meeting: Will It Hold?
