Gold went over the $1,700 figure tonight for the first time since March 5 of this year. All indications point to another rally for this metal. China has been secretly buying up as much as possible. The Chinese are working, in collusion with the Saudis, to purchase oil in exchange for the PM. This is, in fact, an effort to skirt around our almighty dollar. It is working now, and will break (once and for all) any hope of reinstating the agreement struck all of those years ago at Bretton Woods.
Hang on because things are about to get really interesting. Will it be the Israelis or Iranians, ECB or our own Federal Reserve? Will it be a black swan created by ‘the Kenyan’ or a legitimate invasion? Will it stem from the Democrats obsession with firearms or immigration? There are, right now, 100 forms of fear, self-delusion, self-seeking, and self-pity that abounds in our society. We are ripe for a collapse and you can count on gold being a factor in your survival. In one form or another, sooner or later, you will be trading in it.