Loading ...I think all the metals have some catching up to do … and it’s going to hit the common man right in the wallet.
@ ipso facto 9:57 Gold Price Suppression
I agree Gold should be a lot higher, and I see and understand why you doubt TPTB allowed it higher for poor countries.
The only reason I thru that in, was because all my life I’ve seen too much foreign aid, and somebody in the story mentioned the hypocrisy of trying to help foreign nations, and at the same time in the past, TPTB held down the values of the commodities, of those nations.
What comes to mind is Venezuela. Their main export is Oil. When TPTB engineered a low 72 dollar policy it caused a high $145/bbl Oil, Venezuela was flying high doing great. They probably started borrowing and spending for the public good, but the $145 Oil caused a supply glut, and it went down to $28/bbl.
The system zigs, so the people zig, and then the system zags while the people are still zigging and they get screwed. It happened to gold bugs too many times. 🙂
Besides all that, I see too many signs that the system is trying to be more organic, more like capitalism versus the past since 1913 of a centrally planned manipulated economy.
I was working with metals all my life, and they were artificially too cheap. I assume for the greater good of lower manufacturing costs so everybody profits on the loss of producers. Copper was $1/lb plus or minus .50 cents 1972 to 2004 (after 9/11/01) unleashed over $4 now.
Aluminum also DIRT cheap too many decades seems to be unleashed lately too. Steel was so cheap, scrap pieces or drop offs were thrown away in the dumpster. Gold should be over $2800 with my calculations, so its on its wat there if everything is trying to right itself gradually.
Aircraft, and national defense manufacturers consume lots of metals and they got off cheap for too long.
Isn’t there something called equal protection under the law?
Biden Exempts Over 600,000 USPS Workers From Federal Mandatory Vaccination Order
Moral Hazard
Beijing Blinks: Will Allow Evergrande To Renegotiate Debt Terms
Maybe it was the 3rd consecutive day in a row that Evergrande bonds were halted after furious selling amid growing concerns of imminent default…
Evergrande 6.98% 2023 Local Bond Halts Trading After Plunge
How many times can a bond “plunge” before hitting 0
— zerohedge (@zerohedge) September 9, 2021
… or maybe one of those pro-China US billionaires – such as Larry Fink and Ray Dalio – who are now engaged in discrediting George Soros for speaking out against the one true Chairman, and who still remember what happened the weekend after Lehman collapsed made a phone call to Beijing and urged them to reconsider, but whatever the reason, on Thursday China blinked and according to Bloomberg, regulators in Beijing signed off on a China Evergrande’s proposal to renegotiate payment deadlines with banks and other creditors, paving the way for a temporary reprieve as the cash-strapped developer struggles to come to grips with more than $300 billion of liabilities.
https://www.zerohedge.com/markets/beijing-blinks-will-allow-evergrande-renegotiate-debt-terms
Stink market giving up its gains
Unfortunately it’s dragging pm’s with it.
This is Gary Gensler’s SEC. Seems to me that with he and Biden at the helm we may be in for a few more years of this.
treefrog @ 22:33
I’ve never done any shorting but it’s gotta be terrifying to be short a stock and it does a rocket ship on you!
Cheers
Mr.Copper
“Gold was probably around $300/oz back then and gold at $1800 these
days maybe suggesting they can’t hold it down anymore, or more
likely they have sympathy for poor gold producing nations.”
Gotta disagree with you there my friend. I don’t think those who are suppressing the price of gold give a fig for the gold producing countries. I don’t think that’s a factor.
Gold Royalty- GROY
Getting some follow through this am early. It appears some bigger players think it might be a real winner.
If I had to do it all over again I would just invest in the royalty companies.
Wouldda, coulda, shoulda.
PPI out- inflation running hot
Gold slipping. Scum can’t allow pm’s to be a hedge against inflation. So here they come.
