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SLV SILVER. The 10 year plan
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[QUOTE]Originally posted by NR: [QB] Gold vs the Dollar... Will the dollar rally further? If it does, will it drive gold prices lower? The suspense is killing me. My gut says with fiat being printed like mad and debt at huge levels, markets at record highs, gold prices are ultimately going up. Economy seems ok for the moment, but for how long? Geopolitics play a factor in prices; just look around, seems bullish for Gold/Silver... Iran deal coming up, North Korea, South Korea, Marilyn Monroe... If inflation rears it's ugly head, gold should go up too, along with other commodities. Oil, etc. Upside seems greater than downside, so I'm still holding all my mining plays and picked up an oil play that relates to NG as well since I've had some success with those types of plays in the past. Based on my entry points with most my mining stocks, I should be holding and should have even sold some to protect my principal, but against my better judgement I stayed put and prices seem to have leveled off for the short term. Going to be watching them like a hawk now. Long term Gold and Silver charts look bullish, and IMO silver looks much better than gold. Will silver rally first and drag gold up with it, or will the dollar continue it's reversal of late, kill any rally, and drive gold to new lows? What does anyone else think? Medium term they look bullish with silver looking the better than gold... Short term, they seem at critical levels where, absent some other catalyst, they will turn lower, forcing gold below important support levels. Which of these factors will drive the price the most? Sit and wait some more, my bet is made, where does the ball stop? Time (and my wallet) will tell if holding at 1300 was the right move. GL and DYODD [/QB][/QUOTE]
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