You can see why, with fuel prices being scorching hot, those rising fertilizer costs are causing some farmers to decide to plant less and save on fuel...
While many expected a strong safe-haven surge in gold and silver, Philip Newman explained that the metals have not responded as dramatically as some anticipated.
In my opinion, in the near-term the Fed is going to operate more or less as it had for decades into the end of the secular bull market in bonds in March, 2020...
Mined gold production is failing to keep pace with demand, contributing to a structural deficit that is supported by high consumer demand, central bank buying and dwindling reserves.
There’s an incredibly high probability the Strait remains closed longer, putting upward pressure on the oil market, increasing probability of downside pressure for gold and silver prices.
What we are witnessing, then, is not the absence of a shock, but its delay.
And delays, in systems of this complexity, rarely make the eventual adjustment easier.
