Loading ...Eloro is collapsing because of two reasons.
Increasing political instability and the propagandized perception silver is still under control – and will be tamped down yet again. (it’s a high-cost producer so this is important)
And there is no arguing – with the recession not allowed to be announced due to the commies attempting to cover it up in order to get re-elected – it could be tough slugging right into early next year (with lags involved) – who knows. We still must go through the apparent discovery – yes Virgina – everybody except the bankers and their cronies are likely in recession – if not worse.
So, no need to print money – right?
Well, in case nobody noticed the yen carry trade debacle over the past few days has shot that theory, narrative, scam all to hell.
So let’s hope the CIA is unable to destabilize Bolivia in yet another soft coup.
That would really put a bee in Eloro’s bonnet.
The people of Bolivia are well grounded. But they are under a lot of pressure. Commodity prices must rise.
I am optimistic next year should be better.
Now let’s just get through another Fall crash season.
Cheers all