What a real confusing polio-economic environment for investors?
India floods itself with PMs, and the Swiss are to vote on having more Gold in country (to back their paper money stability). Who is selling all that Gold to folks around the World? In the Book Death Of The Dollar (by Richards and his Currency Wars Book), he brings up the scenario that SDRs are coming our way, as international money (the $ keeps loosing poll position in currency/resource trading).
To achieve that, Asians will need more of World Gold Share.
What was not mentioned in the books, was what is happening right now . . .
Russia and BRICs are trading Gold for Oil and needed industrialization Products.
So . . . we have a currency war where USA uses its petro dollar status, to push our deficits into the international economy. Thus, everyone is trying to pay off their deficits, by counter-inflating their national currencies. Sounds a lot like the 1930s again? What is a poor guy suppose to think?
The whole world goes down together on the road to deflation?
The oil glut is killing us all, as it pumps lower transportation and manufacturing costs, for a short time. The world derivs and defcit can still got kicked down the road.
I suspect Iran is glad to get lower priced PMs in exchange barter for its energy exports, and can wait for higher PM prices to arrive . . . and earn a nice profit.
Down the road, PM prices and other commodities cannot stay down, for much longer than (to guess) 6 months to a year . . . without chopping Russian and EU economies into heavy recession. Saudis also are facing Iranian anger, and we could see military counter options, come into play thereof?
Threat of increasing ME warfare . . . can be the force to propel PMs and other commodity prices to rise, and to thus be an offset to effects of World-wide Deflation?
And, what will coming quarters show us investors from the stock market performance, of major companies earnings reports?
Could foresee HL stock price back to $2 (or some cents less) next week?
And, so far, one does not find major consumer rush to buy for the holidays?
GameStop and Wally World (Bricks-and mortar) not doing so well . . . as latest VGs out, were apparently rushed out to the shelf's, with code problems.
And . . . Not to mention Polar Vortex anti-travel holiday affects, apparently in play.
Most starling . . . PMs prices are following $ and Gold and Oil, around-the-table circus . . . they all fall together.
What is guess of board . . . is HL and CDE, etc. selling their PMs into declining price (but heavy demand) world-wide PMs market? That net new gold has to be coming from somewhere. And, what does that fore trend for mining to keep going, to replace PMs sold?
