Todays FOMC release May 30

[jim4silver]

Today's FOMC release April 30

Should be interesting around 2pm eastern time. I think the Fed will continue to taper as they have been. If old patterns play out, we should see metals reverse later this afternoon, since they are dropping going into the meeting. If not, then we could see sub 19 silver today or tomorrow.

I think stocks will drop after the news or perhaps by tomorrow. We'll have to wait and see.

Just my opinion.

Jim

 

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[CoinFetcher]

taking a bit of a hit right now - around 19.19 USD / OZT

 

[jim4silver]

So far both my calls have been off. I could make a million in futures if I would make a guess as to which way the market is going to move, then just bet the other way.

Bought some nice generic silver today though for under 20 per ounce. Perhaps it will be getting it cheaper in the future?

Jim

 

[coinbug]

So far both my calls have been off. I could make a million in futures if I would make a guess as to which way the market is going to move, then just bet the other way.

You're not alone, Jim. For a while now I've been saying that the quickest way to wealth is to fade my trades.

Here's the thing though: can the fiat scam continue forever? I'm sure it can probably continue until at least a few minutes after I'm dead, but, honestly, are people going to be saying in 1, or 5, or 20 years, "man, I wish I hadn't bought pms...."?

 

[lastleg]

What does "fade my trades" mean? I want to know so I can duplicate your success.