In typical Trump fashion, he has bull-headedly charged into the next negotiation talks before even the dust has settled around the North Korea situation.
Listen as Eric Sprott discusses the latest US jobs report and economic data and then gives his projection for precious metals prices in the weeks ahead.
"Numerous countries are being considered for the MEETING, but would Peace House/Freedom House, on the Border of North & South Korea, be a more Representative, Important and Lasting site than a third party country? Just asking!"
A continued rally in the U.S. dollar had the potential to force the first COMEX gold Large Speculator wash, rinse and price flush.. Each time, price fell $35-45 below the 200-day moving average before reversing
“We solemnly declare to our 80m Koreans and the world that there will no more war [sic] on the Korean peninsula and a new era of peace has begun.”Within a matter of months, Kim Jong Un, the leader of North Korea, has completely changed his stance.
Gold, silver, the base metals and crude oil were all soaring. But now, less than one week later, prices are falling sharply. And why? Blame the HFTs that trade the digital derivative contracts.
Very few people understand—or even know of—the opaque COMEX-->LBMA process known as "Exchange Futures For Physical". Even the term is misleading, as there's clearly nothing "physical" about it.
