The oil market, seeming to already have had it brains batted out by so much Trump jawboning, responded by lowering prices because, yeah, that makes sense. Only the day before, it had escalated prices way up.
Induced polarization survey outlines a new NNE target corridor and untested Contact Zone associated with a mineralized intrusive. Strong gold, silver, and molybdenum anomalies identified.
The petrodollar is taking a hit, as payments for Strait of Hormuz passage are paid in Chinese yuan. The dollar is being challenged as the global reserve currency...
Ultimately, this monetary inflation will work its way through the economy. It will either manifest in rising asset prices or rising consumer prices. Ultimately, it is devaluing your money.
Ira Epstein discusses the current state of the metal markets in his Metal Market Wrap-Up, addressing geopolitical tensions and their impact on market dynamics.
There will be a new wave of rise in silver, copper, and all non-ferrous metals if the price rises or remains firm. I do not see any reason to short sell precious metals...
