Folks, trying to wrap my head around what to expect over the next few weeks and could use some seasoned advice...
Here are my assumptions:
- QE2 completes at end of June
- With the fed making up 70% the market for purchase of treasuries, increased interest rates are needed on subsequent auctions
- Interest on everything tied to treasuries starts to increase
- Dow blows off
- Increased possibility of a failed auction spooks everyone
How do you see this as impacting silver prices?
Of course this may be a very unrealistic and simplistic view of things. Would love to hear wiser heads...