likely gold and silver are at their peaks.
this year, relative to the Euro — the US dollar is strong.
Next year if the pubbies come into power they will reverse loose fiscal and monetary policy which pushes down the dollar and pushes up gold and oil.
That’s put a damper on dollar bears.
The USA is pumping more oil. This country is on track to be energy independent in 10 years.
This development is as big as the first break of spindeltop in 1903 or the first arab oil embargo of 1973.
The first bow waves to be felt of this are coming into the dollar. Energy independent countries have hard currencies. See brazil and norway.
Gold and silver can easily fall back into a long term bear market. Pay attention to simple 200 day moving average. When current price is below it may stay below for a long time.
Where are you getting this information from?
The dollar is strong compared to the Euro. Great. Two planes are falling out of the sky. One is crashing to the earth faster than the other. Those in the other plane look out and see the first plane crashing and pretend their safe because, compared to the other plane that is falling, they’re still flying. There is a glut of gasoline yet look how expensive it. That is because the dollar has lost so much of its value in the past 3-4 years. This is only going to get worse.
All of the fiat currencies based upon fractional-reserve banking and in countries that socialist and spending more on ‘entitlements’ (AKA vote-buying schemes) than they are taking in — all of those currencies are dying.
A true conservative might reverse some of the policies that are causing this but would not and likely could not enact enough to reverse what is happening. A RINO such as Robamney will not reverse any of this.
The left and the globalists will not allows us to become energy independent. The BRICs and the Middle East are already clamoring to drop the US Dollar as the world’s reserve currency. When they succeed in this, the cost of petroleum to US citizens will skyrocket.
The PMs have not peaked. There will be corrections, especially as China begins to offload some of their gold to pay their internal bills. That will cause the price to drop. But the PMs will always maintain their purchasing power. As they go up in price, like petroleum, that is a reflection of the fiat currencies losing their purchasing value.
Please let me know where you are getting your information from. I really want to check into your sources.