With little to no chart resistance above the market at current levels, the ascent in gold could be steep and could happen quickly. Once the train leaves the station, gold prices may not return to current levels ever again.
One of the things that I find quite pervasive is the drive for "common-think." But, even that is a misleading classification. You see, I do not believe investors think anymore.
In a significant and strategic development for monetary metals, the Government of the Russian Federation has just introduced legislation which will allow Russia’s giant National Wealth Fund (NWF) to invest in gold and other precious metals (assets of US$185 billion).
Although its depository study bill is a positive step, Tennessee is one of only 10 states that still harshly penalizes citizens through sales taxation.
Mint officials seem to not understand that demand (combined with a failure of supply chains) drives shortages rather than the other way around – although scarcity can certainly stimulate additional buying at the margins.
Like gold, fewer and fewer large copper deposits are being discovered, and the time between discovery and production has lengthened over the years as costs rise.
And what will be the cause of this late year surge to new all-time highs? All of that jawboned, covert and overt Yield Curve Control will drive inflation-adjusted or "real" interest rates to multi-decade lows.
But the new "In Gold We Trust" report does include something by way of explanation. It is a long commentary by the third anonymous participant in the "Friend of Another" series of commentaries that began two decades ago..
