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.
When we come to the gold market, you can see you're back up here, and for the week, it's up 2.59 percent right now. You no longer have the pattern of lower highs, lower lows.
It’s like the country is sleeping soundly in its convention while at the same time it is splitting its seams with growing anger and division. Inflation has created this mess.
