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For the past few weeks, the foreign markets have been pushing the prices higher, only to be beaten back down when the US markets open.
Are US players overly confident in the future of the dollar?
Or do the foreign markets have it pegged?
With China throttling back construction from 60% of GDP to something like a more or less normal 10% a lot of "impossible" things will become quite possible.Confidence in the USD is down, I don't doubt that one bit.
And naturally the price of metals will rise as a result of that, too.
$38.50 oz for silver?
I think the last time I bought silver it was $7 oz.
That was what? about 5 years or so ago?
And STILL the price of US real estate is falling?
Interesting and somewhat alarming, and somewhat impossible, too, I think.
But there it is, the markets once again getting it wrong.