We focus on China and the overall deflationary trend that is grasping the markets
Rick is next up today with comments on the continued fall in the Chinese markets. He says this is all part of the bigger deflationary trend but what does that mean for the markets over in the US and for gold?
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lol
The deflationary fears aren’t just weighing on gold/silver it seems – copper, iron, oil, etc, etc, are all going down. But you all know that.
I am more interested in how much further the big miners in coal/copper/iron are going to go down – at the moment it is looking like some of these could fall another 50%.
China is the game-changer – I am wondering what possibility is there that China announces some kind of QE sooner than later with the aim of building even more roads, even more houses and flats, build anything?
Banks have repeatedly used crisis they create to achieve their goals.
I wonder what it is this time.
I hope they don’t use war this time too.
Well, more than they use now anyway.
Al, gold has stopped reacting to “events” that “should” affect its price long ago.
Why would it start now?
The gold price doesn’t trade in a complete vacuum, it also trades against other currencies, as well as other commodities, and the last I checked interest rates remain below inflation, with a very healthy spread. These are the determining factors.
$CAD Gold price
bearish impulse leg………………………that is when smokey the bear sets on the campfire stick that is red hot.
The only fundamentals that matter now are derivatives held by JP Morgan and Citigroup.
Gold is to the dollar as the crucifix is to the vampire.
When the shit hits the fan and normally in those circumstances gold and silver would then soar through the roof,
JPM and Citi can use their control of those two metals to stamp the price down and keep it from soaring
– all at the bidding of the US – to keep the dollar “secure” in it’s role as the Reserve Currency
– and keepit from being trashed by a through the roof gold and silver price.
http://www.zerohedge.com/news/2015-07-04/why-did-citigroups-precious-metals-derivative-exposure-just-soar-1260