The global economy is so screwed up right now that even a team of MIT eggheads using a supercomputer and petabytes of economic data couldn't predict where interest rates will be in 30 days, let alone two years out.
Total gold open interest at the close Friday exploded by 32,751 COMEX contracts, a very depressing number -- and I'm hoping/praying that it's spread related.
We have plenty of other problems and don’t need more, especially rising energy prices as the economy slows. Nonetheless, that seems to be what we will get.
While only one percent of physical silver is brought to market through Comex settlement. This — 1% of the trades applies throughout the entire commodity sector. The other, 99% of the time settlement is in currency (fiat fictions) ...
We are entering into a technological revolution that is just being born that is going to change the world in ways we can’t even imagine yet whether we like it of not.
