Conditions proved so dire in nickel, that the LME actually defaulted in every sense of the word, in order to save the banks, led by JPMorgan. No actual contract or exchange defaults occurred (or were reported) in oil, gold or silver..
"We will let you know what we are doing once we know what we are doing" -- was the message from the Federal Reserve statement and Chair Powell’s press conference.
I see the war in Ukraine, covid, supply chain interruptions, inflation and climate change coalescing into a perfect storm of unaffordability that could eventually erupt into mass social unrest. When people can’t afford..
Back in November, we noticed a new trick being employed to manage and manipulate the COMEX gold price into month-end expirations. Here's an update and explanation of why and how this is occurring.
Globalization brought with it the mentality that all countries are free traders, and friends. But it seems globalization doesn’t work very well when commodity exporting nations are fighting each other.
The response by the west to the Russian invasion of Ukraine to freeze Russia’s foreign currency reserves held by western C. Banks has started to shine light on the risk..
But Russia, unlike Iran, outside of oil and gas which Iran has plenty of, is a global commodities powerhouse. Result global commodity prices are soaring contributing to the highest inflation seen since the 1970's. Food inflation could spark famines particularly in the Mid-East and Africa.
2022 looks to be shaping up as the “Golden Year” we projected in December as linked above. It’s been a long 1.5 years in coming, but the pent up energy that those handles built up..
