In this report I cover the early market action from London on Thursday, July 26th, 2018. I look briefly at the precious metals, the stock market, the dollar, the oil price and the bond market.
I also talk about an article I have read on Whatdoesitmean, http://www.whatdoesitmean.com/index2614.htm, in which the author writes about the possibility of President Trump taking over the Federal Reserve and maybe even reinstating the gold standard. I do note, nevertheless, that I take the story with a pinch of salt even though I agree with a great deal of points made in the article.
In this article the author points out that a new regulatory framework to be implemented in 2020 for the world's oil tanker shipping industry could trigger a spike in the oil price to $200 and that this event could be a trigger for a world financial and economic collapse.
My conclusion is that irrespective of what might happen monetarily and economically one should always be trying to get monetary insurance via the accumulation of physical gold and silver.
$200 Oil article: https://www.rt.com/business/434192-regulation-could-push-oil-200/
Trump and the Federal Reserve: https://www.cnbc.com/2018/07/20/trump-poised-to-take-control-of-the-federal-reserve.html
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i learned something new from your every post
Good to know @parsie.
thank you sir for give this kind of news
Aussie gold miners were up 2 to 4 percent across the board today. I am not sure why?
Hi @plucky214, Thanks for the heads-up. Sometimes the miners can lead bullion.
That will directly impact on prices of every thing the region and economically become a big failures
The price offer is very impressive but I do not expect any currency to rise at the moment
I wish you all the best
Thank you for the great information
Any thing that will trigger world financial and economic collapse. to me the best insurance will be to accumulate a lot of viable crypto currencies most especially bitcoin , because they stability and price increase during such time will surely surpasses gold and silver
I up voted you please up vote my post...
thank you for giving us the latest information
Interesting Perspective, and i think you are right...
When Oil starts to peak again...its going to crash like nothing we've seen before.