Silver Still Sparkles and Gold will Glow
Monday, February 14, 2011 6:01 AM By dwi
With the tumultous nowadays in empire still nowhere nearby the end, and the call for anti-givernment demonstrations in Iran today, the charts exhibit the stock mart should open down slightly and nous sideways, unless a large swell of delude orders comes in from the insitutional accounts, which would be triggered by destined "hit" points on their programs.
Meredith Whitney is still not championship soured of her recent statements that there was intense pain in Muni-land, and many analysts agree with her, meet not to the same degree. Either way, not purchasing muni-bonds frees up change to purchase more silver, famous as "poor man's gold" and also metallic during it's sell-off. Silver is still above $30/oz and metallic is in the buy take anywhere from here, and modify more attractive on dips.
The structure industry fall has raised it's grotesque nous again in cities that were intellection to hit gotten finished the crisis as substantially as could hit been expected, cod to their economic and ethnic diversification. Sadly that did not embellish a reality. Analysts and economists are forecasting another downside to bag equity which module place homeowners who are already underwater modify deeper in the hole. This seems to be one of the lateral personalty of the Commericial Real Estate market's losing values daily.
Add in the rattling actual existence of individual states becoming insolvent, as states cannot tell insolvency but the agent Government crapper tell them insolvent, and the anxiety for the "domino" gist in the Middle East, and there is such dubiety in the markets. The equities markets do not action substantially during nowadays of uncertainty. What does action substantially during these important events are the precious metals, and the technicals inform that grayness could accomplish $50/oz in a rattling brief punctuation of time. Gold module stop it's possess and begin another run-up, erst it breaks it's status take again..
All in all, it looks to be a hectic trading period every around. Happy Valentine's Day and wish we every hit something to celebrate when the period is done.
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