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Thread: A Final Washout For Gold Before Brighter Outlook; Silver a Great Bet - Vince Lanci

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    Default A Final Washout For Gold Before Brighter Outlook; Silver a Great Bet - Vince Lanci

    The second half of 2016 may be positive for gold but the metal will first need to see a final wash out, said Vince Lanci, Managing Partner of Echobay Partners. Speaking with Kitco News on Tuesday, Lanci described gold as the tallest ‘pigmy’ in the commodities space, especially when compared to crude oil. ‘I think there could be another final washout to get the last longs out -- before the market has a chance to bottom and start its rise up in the second half of 2016,’ he said. On the topic of the recent U.S. Fed rate hike, Lanci said that the central bank will ‘regret’ its decision and it be would ‘suicidal’ to the U.S. economy if the Fed would tighten further in 2016. ‘It would be disruptive to the stock market -- they need to keep the stock market propped up. The world is lowering rates; Canada will have negative interest rates… [T]hey cannot continually raise rates without damaging us,’ the 25-year trading veteran explained. Lanci also expects the U.S. dollar to remain strong until mid-2016, ‘you will see inflation creep in and I’m already seeing it in housing rentals.’ Heading into the new year, Lanci said that he is still a big believer in silver. ‘Silver is the volatile cousin of gold, you experience more heartache owning silver than gold. But if you look at it over the years, silver outperforms gold in rallying markets. Because there is a decrease in production in base metals, there is a decrease in the excess by-product of silver.’ Kitco News, December 23, 2015.


  2. #2
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    Consistently & systematically add to Physical Gold holding with the ongoing “Buy the Dips” strategy.
    Another year of “Value” stacking would be just fine by me.

    And never forget what the full intent and purpose of “washouts” are for …….
    To discourage and dishearten the believers in “Pet Rocks”

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    Quote Originally Posted by joeinnj View Post
    Consistently & systematically add to Physical Gold holding with the ongoing “Buy the Dips” strategy.
    Another year of “Value” stacking would be just fine by me.

    And never forget what the full intent and purpose of “washouts” are for …….
    To discourage and dishearten the believers in “Pet Rocks”
    here here, agreed joe..........timing???... is it time??? for all you new stackers or if your silver heavy.... "get yur gold here".. get yur gold here"...like a ballpark hotdog/beer hawker, doing his job.....listen to that voice in your head....

    but?... THE fed may have a "way" of keeping gold down, and trending down lower for a FEW YEARS.. we will see...
    where is that crystal ball?

    inct

  4. #4

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    Quote Originally Posted by captainsilverton View Post
    here here, agreed joe..........timing???... is it time??? for all you new stackers or if your silver heavy.... "get yur gold here".. get yur gold here"...like a ballpark hotdog/beer hawker, doing his job.....listen to that voice in your head....

    but?... THE fed may have a "way" of keeping gold down, and trending down lower for a FEW YEARS.. we will see...
    where is that crystal ball?

    inct
    What? Is the Fed going to fund gold miners, so they don't go bankrupt?
    Legal Disclaimer: I am not a doctor, nor do I play one on TV.

    "It's tough to make predictions, especially about the future." -- Yogi Berra
    A variant of this has also been attributed to physicist Niels Bohr, and others.

    "Tis against some men’s principle to pay interest, and seems against others’ interest to pay the principal." -- Benjamin Franklin

    The School of Hard Knocks is where you get the lesson after you fail the test.

    Book title: "The Best Way to Rob a Bank Is to Own One"

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    Quote Originally Posted by WhatsUpDoc1958 View Post
    What? Is the Fed going to fund gold miners, so they don't go bankrupt?
    no doc, nope...............in concerns to stock markets sir....

    inct

  6. #6

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    Quote Originally Posted by captainsilverton View Post
    no doc, nope...............in concerns to stock markets sir....

    inct
    For the Fed's next trick, the Fed will raise interest rates while continuing to levitate the stock market...
    Legal Disclaimer: I am not a doctor, nor do I play one on TV.

    "It's tough to make predictions, especially about the future." -- Yogi Berra
    A variant of this has also been attributed to physicist Niels Bohr, and others.

    "Tis against some men’s principle to pay interest, and seems against others’ interest to pay the principal." -- Benjamin Franklin

    The School of Hard Knocks is where you get the lesson after you fail the test.

    Book title: "The Best Way to Rob a Bank Is to Own One"

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