The precious metals sector has been extremely irritating, if not outright agitating since May. Compounding the frustration is the fact that the fundamentals supporting the sector have never been stronger.
As the demand for metals required to fuel it continues to ramp up, the pressures among mining companies to meet that demand are only going to intensify.
Many more new mines will need to be build and existing mines will have to produce more.
The discussion turns to Rhodium, which soared from the price of gold only a few years earlier, to $18,400 per ounce, recording a stunning 10x advance! The host asks Harry if gold could make a similarly impressive advance.
The chairman of the world’s largest asset management firm is sounding the alarm. BlackRock CEO Larry Fink told CNBC last week that he sees a “silent crisis of retirement.”
What is going on with interest rates? Is this a repeat of March 2020 with the Delta variant? Is the Reverse Repo market going crazy? What the heck is going on ?
The Federal Reserve effectively pawning about a trillion dollars of its ownership of the national debt in order to raise a trillion dollars in new money from new sources within about three months is a major new crack..
The latest attempt to move the global economy away from the dollar’s dominance involves a plan by Biden to issue $650 billion of Special Drawing Rights (SDRs) through the IMF.
