KRR 7.69% 1.4¢ king river resources limited

Gold looks fantastic. It could be a disastrous US market today...

  1. 11,223 Posts.
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    Gold looks fantastic. It could be a disastrous US market today after Bidens speech late last night their time. It had a war feeling to it...A desperate plea for more funding for both conflicts ... unfortunately the 'uni party' seem to be all for it, except for a few sane senators like Rand Paul doing all they can to ease the traction of the war machine. Things are not looking good globally. I feel like things worsening are inevitable. Especially with USA losing their grip on superpower status, OPEC now running the oil markets with less competition than ever before thanks to the rise of BRICS, USA at incredibly low strategic reserves, their US bases in the Middle East under attack (where they illegally source their oil and gas). Domestic production in the USA set to peak this year. Russia sanctions still in place. There is a sense of desperation to what is playing out. Loosening sanctions on Venezuela yesterday was a surprise move, but it will not be enough supply to shift the grip on the global economy. War is inevitable Imo. To veto the Israel ceasefire at the UN security council and be the only to do so speaks volumes for what the USA plan to do. It is sad to see the state of the world right now, but with what is taking place, the gold bull period has barely started IMO.
    Last edited by coto: 20/10/23
 
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