Loading ...Yes, just looked at Palladium now up 8.6%. Amazing. Would like to see moves like that in the gold and silver markets as well.
Correct me if I’m wrong but Palladium is down all the way from $3K at one point? Wonder if it makes sense to pick up a few oz. of that as well?
Will be interesting to see what comes out of the BRICS today when the conference ends. I guess they could throw palladium in there as part of the basket. I understood from earlier articles that gold would be a 60% anchor. They could throw silver, palladium and platinum in there as part of a basket. I’d think whatever else is in the basket has to be a hard asset. I don’t really see how oil or grains could be involved, I don’t know.
I also don’t see how western fiat survives once the BRICS currency is implemented, especially with so many western allies looking to participate. India and Saudi Arabia will no longer have a need for dollars. This has always been the risk of shifting our manufacturing east. We have to produce things here in the US to survive and should anyway because we are resource rich. This is a death knell for the elites and their unbacked Ponzi currencies, whether paper or CBDC. I’m afraid that they are so demonic, that they will start lobbing nukes as a final resort to protect their hegemony.
Regardless, it’s nice to see our metals snap back this am. The fresh Crimex shorts will be in trouble right out of the gates this am. I believe the shares, with the exception of NEM, will probably soar even more than they lost yesterday.