If you go back and look at PM's (and AYN) performance around the last fiscal ceiling debacle (11 Jul 11) you'll notice they all took off between mid Jun to mid Aug before correcting back.
This time around things are much more serious and considerably more fragile. If history teaches any lesson then PM's are a good bet to hit a fairly strong bull run from early Dec12 onwards. Nothing's guaranteed of course and given the contrary nature of markets in recent times things might not pan out as expected, however, one can not but note the increasing bullish pressure being applied to PM's in general as the system creeks and groans under this massive debt stimulus load.
According to this report http://www.businessspectator.com.au/bs.nsf/Article/Fed-eyes-more-asset-purchases-in-2013-22SEJ?OpenDocument&src=eid&ir=4 the US FED is about to launch more QE bullets into the fray.
Interesting days ahead.
AYN Price at posting:
2.8¢ Sentiment: Buy Disclosure: Held
