"Interest rates are rising Before any inflation." Mate it doesn't matter what commodity you look at, they are at or very close to multi year highs.
Long rates are so corrupted that they have nothing to do with the gold price.
Gold is taking a hit because of the desperation of the gold/silver suppression cartel trying to put downward pressure on silver to hide the nature of the corruption.
But when it comes to silver, you are absolutely right. Considering that the silver record high was back in 1980 at $50 which was hit once again in April of 2011 there is actual deflation.
I wonder why?
EVN chart, page-1365
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Last
$4.88 |
Change
0.100(2.09%) |
Mkt cap ! $9.707B | |||
| Open | High | Low | Value | Volume |
| $4.99 | $5.01 | $4.84 | $39.38M | 8.016M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 17864 | $4.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.89 | 162298 | 8 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| EVN (ASX) Chart |