Long Position on Silver and Gold?

[roberth]

Gold is over $1300, hasn't been at $1300 for nearly 2 years, silver is approaching th $18 handle. VIX is up; WTI and Brent are both under $50 and have been for a few days.

Oh yeah...Aunt Janet is going to hold on to ZIRP for a while longer, you know because zero interest rates FEEL SO GOOD. I'm sure your personal economies are all JUST GREAT, because Aunt Janet and the financial wizard of economics bar none Barack Obama SAID SO.

Besides, most of Flyover Zone America has been hammered by the four horseman of household inflation—- food, energy, housing and medical costs—-to the tune of 3.1% annually for two decades running. Yellen’s claim that inflation is only up by 1.3% during the past year—–and therefore that the Fed has not achieved it inflation goal and must defer normalization—–is just plain laughable.

http://davidstockmanscontracorner.co...ake-cover-now/

[MAP]

Gold is over $1300, hasn't been at $1300 for nearly 2 years, silver is approaching th $18 handle. VIX is up; WTI and Brent are both under $50 and have been for a few days.

Oh yeah...Aunt Janet is going to hold on to ZIRP for a while longer, you know because zero interest rates FEEL SO GOOD. I'm sure your personal economies are all JUST GREAT, because Aunt Janet and the financial wizard of economics bar none Barack Obama SAID SO.



http://davidstockmanscontracorner.co...ake-cover-now/

Not enough coffee this morning?

[Skip]

Gold is over $1300, hasn't been at $1300 for nearly 2 years, silver is approaching th $18 handle. VIX is up; WTI and Brent are both under $50 and have been for a few days.

Oh yeah...Aunt Janet is going to hold on to ZIRP for a while longer, you know because zero interest rates FEEL SO GOOD. I'm sure your personal economies are all JUST GREAT, because Aunt Janet and the financial wizard of economics bar none Barack Obama SAID SO.

http://davidstockmanscontracorner.co...ake-cover-now/

Noticed that. Missed a chance earlier this year, funny how that works about the time I'm saving to try and pay my taxes by April 20th is the best time to buy (a lot of things).

Rates aren't moving up IMHO without triggering massive defaults. Rock and hard place and that discount that only certain people get is the only thing keeping the music playing.