Media and governments are currently brushing off inflation fears and markets are yet to be spooked by it until reality hits, imo, I am thinking this European/American winter it will all be on show. Below is just one example of how crazy prices are going to get, people are already over the fuel jumps in the northern hemisphere. All these factors are coming into play but inflation worries are yet to spread to reality.
Soaring utility bills alarm Europe, raise fears for winter (msn.com)
The drop in the gold price has nothing to do with inflation right now. Once the inflation reality hits and financial companies and lenders start getting unstuck then the media and governments won't be able to censor the word inflation anymore. Precious metals and gold in particular will be way above $2000. I would love to see Biden say inflation worries with the 34trillion in debt he has but we will never hear it until he's forced to say it.
The gold and silver price have been sporadic for the past year or so, gold, in particular, has been manipulated between around $1700 and $1900 already 4 or 5 times the past year. No doubt the same will happen on this occasion and we will be back up towards $1900 in the next couple of weeks. It is the same manipulation. I think you are having difficulty reading what is actually going on...
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Last
11.5¢ |
Change
0.010(9.52%) |
Mkt cap ! $26.84M |
Open | High | Low | Value | Volume |
11.0¢ | 11.5¢ | 10.0¢ | $57.63K | 544.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4996 | 11.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
11.5¢ | 263106 | 4 |
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No. | Vol. | Price($) |
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1 | 4996 | 0.110 |
3 | 937496 | 0.105 |
5 | 473538 | 0.100 |
2 | 87000 | 0.099 |
1 | 5000 | 0.096 |
Price($) | Vol. | No. |
---|---|---|
0.115 | 263106 | 4 |
0.120 | 144239 | 4 |
0.125 | 169129 | 5 |
0.130 | 356856 | 3 |
0.135 | 62662 | 3 |
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