Here is what Rick is watching in the gold market
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Yes they certainly do Reverend!
PMs may go higher soon, not have to.
Could not have said it plainer, J Miller.
Russia and Iran sign an oil deal?
As they are both big producers it seem odd to me, I guess Im missing something.
Maybe it has to do with shortening the delivery distance?
Obviously just guessing I have no Idea, in Canada tho corn canners just change labels to shorten delivery distance, so I thought maybe its the same thing.
Canadian corn canners cannot condone cost cutting
Here is the link bb. Just hit the wires 7 hours ago: http://rt.com/business/178316-russia-iran-oil-deal-sanctions/
Thanks Al.
Looks like another step to reduce the use of american dollars to me.
Boy, when those dollars go back to n.america we should see some price rises.
Maybe yet another reason gold goes up today?
Just wondering, maybe there wont be a big “black swan”, maybe its gonna be a flock of little ones, maybe its controlled to be gradual?
The change in reserve currency I mean.
Way above my head bb!
Making a point more than anything I would think bb.
Might be the start of the strong season for weddings in the east plus geopolitics.
I would guess it pretty much centers around the actions of Russia.
Maybe the pop in gold is due to getting a peek at what’s just around the corner: Russia and Iran have today signed a 500000 barrels a day oil agreement; putting the petrodollar under greater threat. Russia also threatening to close its airspace to EU airlines flying east. Reciprocal sanctions from Russia likely to cause as much havoc as those imposed on it. With winter less than three months away oil/gas availability could leave Ukraine and much of Europe in a deep freeze.
With so many black swans (seen and unseen) PMs have to go higher very soon.