Just a FYI...
In January of this year the DJIA hit 18,351. Yesterday the market closed 16,285 - That is a -11% change since mid January.
15,598 is a 15% correction and
14,681 is a 20% correction. Keep these numbers in mind over the next couple of months. What will Dec. 31, 2015 bring?
Currently if you bring up the DJIA you will notice a -8.63% change YTD. FYI, that -8.63% is a rolling 12 month (Oct 1, 2014 to Oct 1, 2015) not a true percentage for a given year (Jan 2015 to yesterday/today).
Wall Street is bracing for a grim earnings season, with little improvement expected anytime soon. - Reuters, September 25, 2015
If you want to buy silver it is too late. The PM houses are out and not to get any in the near future. So people are switching to gold purchases. Well a buddy of mine in the industry tells me that gold will be in the same straights by year end.
The biggest buyers of gold continues to be China and India. Once the gold reserves are exhausted in the EU/USA I suggest that governments will halt the sale of gold by its citizens: Consequently black market sales of gold will increase the price proportionately to demand.
Or...
Prices will start to rise naturally because of supply & demand - Silver hasn't followed this rule though.
Why?
Should be an interesting next three months (Fall).
