Condor Resources Inc CNRIF

Spot Gold and Silver

[Crashcomingsoon]

Spot Gold closed just $0.30 from $2300 and Spot Silver broke above $27 to close up $1.04 to $27.12.  There are so many forces pushing the PMs higher:
1) Inflation
2) Geopolitical tensions
3) 37 years of reckless Fed monetary policies
4) Gold's demand from CBs and Silver's industrial demand and incipient investor demand

But I think two of the biggest drivers will be
1)  The exploding National debt
2) The US presidential election (Whether Biden or Trump wins, they will be disastrous economically and geopolitically)

[Crashcomingsoon]

My Comment:  Indeed, global debt is the main driver behind gold.  The debt will expolde higher in the next recession which will be hugely devastating since the Fed and other CBs have continuously prevented recessions by adding liquidity.  No more can-kicking is possible.  Doug Noland is also warning of umpending cirrency crises. What Is Driving Gold To All-Time Highs