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Yup, Bank of Japan did more QE, 80T yen instead of 60T-70T yen. This is bad for the yen, which now 112 yen for every usd so Japan is devaluing their currency.Originally Posted by rbeau30
Check out this chart showing the last 2 years of USD/JPY.
http://finance.yahoo.com/echarts?s=U...22linear%22%7D
Hope it stays like this for a while so I can get as much as I can at awesome prices.
Stupid 401K been down all month pretty much, and it jumps up just in time for my monthly deposit. :-|
Last edited by rbeau30; 10-31-2014 at 09:14.
Almost down to 15$. I have a feeling we are going to see 10-12$ silver soon. Hard to imagine not to long ago I thought we would never see silver under 30$ an oz. Stack it deep while its on sale.
Don't be stupid!!!!!
Not quite. Lowest it got today was around $15.8. Currently at $16.1.
Gold is taking a beating too.
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One of my theories is that people are moving money back to stocks in anticipation of the next QE that will push the DOW to 20K.
hmmm... so yeah when to take a quick loan out of the 401 to finance a large purchase of PMs? Muwaahahha
meh not before stocks go nuts, but before PMs recover. :-)
Last edited by rbeau30; 10-31-2014 at 13:23.
Let me know when it's time to pull the trigger OK?hmmm... so yeah when to take a quick loan out of the 401 to finance a large purchase of PMs? Muwaahahha
meh not before stocks go nuts, but before PMs recover. :-)
I do expect his to be at the precise optimal moment when stocks are at their highest and pre-tank and PM's have hit bottom.
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Ditto.
More realistically, just buy a bit here and there as it's on the decline..
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That is one of the things I do not understand. QE inflates the USD, silver and gold should be going up b/c it takes more inflated USD to purchase the same quantity of metal that uninflated USD bought years ago.
Oil is down because OPEC is pumping more, OPEC has 2 problems to resolve, countering potential US oil exports and drive the price down to hurt Russian oil income.
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