Loading ...It seems Gold bugs are becoming the laughing “stock’ of the PTB. Even our former friends have left us in the dust. They are all becoming increasingly bearish at this (is it a midterm low only?), or is it a Little Counter Rallye in a secular bear trend.
I can only say Eff ’em, or did they tell you to get the hell out before hitting 1950 $/oz or almost 50 in ag., and they won’t tell you either when to go back in.
Meanwhile oil went down the drain – reasons galore, though potentially political explained away as either ecoonomics or even demography. Easy to understand, alas the TA’s, Cyclops, Fibones, Kontrads and now Algos know better: After all LTCM was based at the same Nobel Price winning eggheads, having in their aftermath now created some 700 Trillion plus derivative exposure – 10 plus times the global GDP, maybe the outer space will eventually offer some counterparty risk insurance for landing rights.
Even if the FED and ist international cohorts could be lauded to keep any virolent responses to a Minimum for now, it’s starting to gnaw at the edges.
While our Western “civilization” is dying, not only because of demographics the East is starting to eat our lunch. Impossible you say – then just fathom a Big Mac vs Sushi…for your health …
… And here we’re the US $ being the supreme go to financial asset as it always was in its term as global reserve currency … and even if it will go up more than ever anticipated – and yes, vis a vis what, it seems like a Charade …And the rest of the currencies in this System will join the Parade!
So whatever the endgame it has started to fundamentally destroy the the US $ Reserve Dollar Regime and will hopefully take its fascistoid , corporate financial and military power, together with its paid for government “against the People” with it to its total destruction. A necessity to rebuild the West, while the East has assembled all the Aces, and even golden Jokers to take over some of the responsilities the US has squandered in the past, including their reserve currency hegemony.
I’m not sure I’d want to be around to see some Resolution facing a global reset; I have NONE whatever indication that it won’t come.
Go figure – frr