Shares jumped as much as 18% in Hong Kong before closing up 15% at a record high. The company, which is undercutting LVMH and Cartier to attract customers, is gaining investor attention.
Gold was up 1.6% despite the drop of 0.9% this past Friday after the stronger-than-expected job numbers. Gold is up as the U.S. dollar continues its downward trend.
The effects of a Crack-Up Boom are impairment of the economy while at the same time the currency is slowly (and then not so slowly) abandoned due to debt-fueled inflationary abuse.
Silver’s strong June is especially notable because typical drivers like futures buying and SLV-share demand don’t fully explain it. This suggests rising global investment demand. It’ll be interesting to see how it unfolds.
