RE: FRES28 Oct 2021 21:26
Tester123, I too have been watching the PM markets with interest. Last week's behaviour was particularly interesting because it confirmed a suspicion that I've held for a while now.
Take a day...ANY day...that sees PMs rising strongly & you can GUARANTEE that TPTB will trot out one of their minions to make a speech that's sure to monkey hammer the metals. We'll likely see it again next week (or maybe even tomorrow).
$1,800 gold is the new $1,350 (you'll recall we were vigorously capped there for five or six years). Likewise $24 silver. Last week, out came Powell in his Gandalf fancy dress costume with his staff-shaped money printer...." YOU... SHALL NOT...PASS!!!"...& wallop!...paper contracts get dumped on the Bridge of Khazad Dum, err... I mean, the COMEX.
I believe the reason we are now seeing wide-spread runaway commodity price inflation is because we are now in the end game. They are using the story of shortages to explain the inflation, but a quick look at the European energy markets shows no natural gas shortage whatso*******ever. Gazprom tried to unload over a billion cubic meters at the start of this month.
NO BID. NOT ONE. Can't be much of a gas shortage then, can there, if nobody wants to buy Gazprom's natural gas.
Every fiat currency dies (there are no exceptions) & the current crop are all about to go under (by design, I believe). Central banks have their CBDCs pretty much ready to roll, but they won't be easing them in. They don't call it The Great Tweak, or The Great Adjustment. No...they call it The Great Reset. They will tear down the existing system so they can 6uild 6ack 6etter. Better for them, that is.
A runaway gold price has always been the canary in the coal mine. That warning signal must be suppressed until it is too late for the masses. Feels like sitting on the shore watching the growing expanse of beach before the tsunami rolls in.
GLA.
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