Originally Posted by stylinexpat
MCP seems screwed for now. I got out of that one before it dropped. Silver and Gold saw a pullback recently as commodities and oil prices dropped. I am still bullish on Silver and SLV. On the dips I still buy and add Silver.
I expect a correction in the near future. Now is not the time to buy stocks and go long. We are near top and could crash or see a very good correction at any time now. With QE3 in tact though they could buy at any time and lift share prices and Indexes. Reality though is the economy in the US and Asia is quite bad as retail sales are bad in Asia and exports are very weak at this time. This will reflect on earnings big time and when earnings are bad stocks will correct.
Gold and silver should be stable with the reelect of Obama. I'm long on SLV and GLD. Picked up SLV at $30 last week.