Loading ...I agree about Derivatives. I hate them, and they distort prices. GLD not much different from COMEX pricing. The buyers and sellers of GLD have nothing to sell, and are not taking delivery. Its too easy for them to buy and sell nothing. Their buys and sells are just like votes, or opinions of the price, rather than true market forces.
I remember when Uranium prices were independent. The uncontrolled up tread was great. The Uranium miners too, great. But then I heard they were going to make contracts, and I KNEW that was the end of the trend. I’m sure I posted about it long ago.
Re China? When we had an arms race with USSR? And they went bankrupt before the USA did? And we were all supposed to get a peace dividend? Ha. Never happened. USSR and USA kept sending up rockets.
Then, right after the break up, our “work” or industry started moving away from Japan and onto China. So reason and logic made me think China would be eventually be the new fake rivalry to have a taxpayer financed arms race with, and the need of moving our consumer product production industry over there would give them the money to do it.