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Thanks to DennisC for sharing this insight about what’s going on with precious metals. Would love to hear how others are reacting to this steep decline. I just sold some PHYS.
Have we reached a low? Is this a good buying opportunity? Or will metals and miners keep getting pounded?
Hi Dave, Do you know anything about a rumor that India is going to ban imports of gold? Here is a recent article from MarketWatch about it.
Can you comment on this, please? Thank you, Jan
Thanks so much, Dave, for that timely comment. It's so helpful to get your perspective. Best, Jan
Hi Dave, Thanks so much for sharing your insights. You are so very helpful. Many thanks, Jan
Hi Dave, Many thanks to you for that practical and specific advice. I always look for your experienced insights at times like this. Jan
Thanks for your always interesting, well written daily market commentary. Question for you?
You say, "gold typically moves down in the 15 minutes prior to the London AM and PM fixes". Wouldn't that mean it is the worst time to sell, rather than buy, gold. What am I misunderstanding? Regards, Jan
I'll be looking for your thoughts on what is happening with PM's. Thanks for being our PM information scout! Jan
I have often wondered if the government forgiving it's own debt was a realistic option (or perhaps a secret endgame plan). Would someone please comment on how this would contribute to the risk of hyperinflation? Also, I wonder if world powers could some day simply forgive each other's debt and start over with some agreed upon exchange rate or ratio, relative to each other's currency. In order to preserve the status quo and their trading partnerships. Is a sort of world wide jubilee a possibility? Jan
I so appreciate your posts and your PM Daily Commentary. I really like how clearly you summarize the data and convey your analysis in such a succinct way. Also, I am very grateful for the plain, straightforward way you describe the implications of the data you track. An example is this quote below from your "get them while their hot" post:
"The 3% credit growth suggests that overall monetary inflation remains generally quiet; normal credit growth (where "normal means the pat 30 years or so) is generally from 7 – 10 % per year."
Many thanks to you for bringing us consistently clear and valuable information. Sincerely, Jan