A rising dollar won’t stop gold and silver bottoming and starting higher, because of the money printing required to maintain liquidity in the face of the deficit at $40 trillion and continuing to rapidly expand.
40% of the growth in AI earnings in the first quarter was actually from gains on stock investments made by one AI company into another company’s AI stock on a mark-to-market basis.
"We are now aggressively testing the North End area target. Drilling in the Contention zone continues to demonstrate consistently strong oxide gold and silver grades at shallow depths."
That next wave higher could be triggered by a collapse in the credit markets. The credit collapse could push the world economy into a severe economic depression.
It’s possible that the recent CPI and PPI reports have put gold precisely at or slightly below $3900. Having said that, it doesn’t matter what price a “final low” ultimately ends up being.
Ira Epstein discusses the geopolitical tensions involving Iran, particularly the U.S. policy changes regarding the Strait of Hormuz and the enforcement of blockades on Iranian shipping.
A crash or sell-off in spot gold will occur if spot gold does not break $4260 by the first week of August. If you have a gold investment in any form, you need not worry.
