Loading ...I’m not sure if they’re funded, who knows what entities are able to put their hands in and dip into the pensions? I do know that Obama re directed billions of Fed dollars to shore up blue state pensions during his term, I’d think Biden is doing the same. They won’t do that for the private pensions that have, and eventually will go bust. Just Gov’t ones. They’ve been funneling billions to various Gov’t. unions through covid money. The teachers union is said to have an obscene $190 billion in the coffers. Course, that gets funneled right back into the Dem campaigns and pockets. Our Gov’t has become so unbelievably corrupt – always has been, but really on steroids since Obama.
Looks like silver is our best hope today. The 50 was about to death cross down thru the 200 dma as of yesterday, silver definitely needs some saving and about a 20% rally, just to get a lot of these miners breaking even.
Judging from R640’s “Yahoo” posts, there’s a large contingency of people short the silver stocks. They definitely need the fuel. Whenever you have Yahoo folks trashing shares and pushing fear, you can bet a bottom is near.
Unfortunately, a 20% move isn’t even close to what I’m looking for with these metals – not even close.