RE:RE:RE:RE:Force majeure slv - conspiracy theater fr' da conspiratoriumWell WTI just let a little winter snowstorm nudge it above $60, and green economy talk aside - and the world does need cleaner industry - oil is still a key indicator for all commodity prices along with copper.
The additional $2 trillion almost stimulus and relief plan in the USA is going to be mimicked around the world - Boris Johnson is pumping for a huge Royal Navy ship construction project, suggesting their brain trusts are thinking about sea lanes, which means embargoes, which almost certainly means China and North Korea are seen as the two powers that will at some unknown future date be expected to require additional persuasion that the United States cannot deal with alone.
in any event, pick you spending program, the world is going to take a strong run at reinflation of a post-Covid economy, so hang on to your PM and commodity assets?
It looks volatile yet the indicators seem pretty clear about the long run ... the scary issue is how much fragility might be out there in the meantime, requiring a lot of coordinated intervention.
Damn the torpedoes, full steam ahead!
cg