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Posted On: 06/18/2021 7:54:44 AM
Post# of 2062
Obviously, Badgerbob, you were correct about the conversion starting, and I was wrong. Since my last post, I was truly hoping that it wouldn’t happen at this time. Badgerbob, you have certainly turned into more of an optimist about Mexus than I have ever recalled.......sounds just like the metamorphosis of 49andretired. Chuckle....chuckle! Anyway, I liked your comment about 30 days would be plenty of time for some good news to hit, before the next conversion. Heaven only knows what will transpire in the next 30 days, but with the rumored news of more gold being recovered, it couldn’t come at a better time.
The Fed’s news leaking out about looking to raise interest rates has also hit the precious metals hard the last two days. What a stupid time to let that intention slip out prematurely for our economic recovery. I’ll never understand the thinking behind that boneheaded move. Just read that a prediction of over 8 million homeowners are having foreclosures within the next couple of months. Common sense isn’t happening with over a 2 trillion dollar infrastructure proposal being pushed by the administration. Holy cow! Common sense should be kicking in to cut the pork fat out of that proposal pronto! Things aren’t looking good when prices at the grocery store are skyrocketing. The price of meat, dairy items, are getting outrageous and the inflationary times are being felt by all consumers, I just noticed that even a particular good deli meat brand was now up to $9.00 dollars a pound, in the fresh deli meat counter. Just plain old sliced deli meat.....not a ribeye steak. The “ on sale” deli meats were $5.99 a pound, but they were almost completely sold out. Inflationary times are HERE, and before too much longer, we will see a flood of people racing to invest in the precious metals sector as the dollar becomes deeply devalued.
The Fed’s news leaking out about looking to raise interest rates has also hit the precious metals hard the last two days. What a stupid time to let that intention slip out prematurely for our economic recovery. I’ll never understand the thinking behind that boneheaded move. Just read that a prediction of over 8 million homeowners are having foreclosures within the next couple of months. Common sense isn’t happening with over a 2 trillion dollar infrastructure proposal being pushed by the administration. Holy cow! Common sense should be kicking in to cut the pork fat out of that proposal pronto! Things aren’t looking good when prices at the grocery store are skyrocketing. The price of meat, dairy items, are getting outrageous and the inflationary times are being felt by all consumers, I just noticed that even a particular good deli meat brand was now up to $9.00 dollars a pound, in the fresh deli meat counter. Just plain old sliced deli meat.....not a ribeye steak. The “ on sale” deli meats were $5.99 a pound, but they were almost completely sold out. Inflationary times are HERE, and before too much longer, we will see a flood of people racing to invest in the precious metals sector as the dollar becomes deeply devalued.
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