I think tonight IS IT! Spots are ‘itching’ to jump on new record lvl…especially GOLD..I hope Ag is not far behind…. go YOU BEAUTY!
Silver is a tiny $30 Billion market, so it is easy for the powers that be to control the prices with their paper derivates market.
Well Lebanon is next, i was wondering who it would be haha. And still the masses fail to connect the dots.
The street rate for the Lebanese lira is already some $50k Lebanese pounds per USD. The CB is just playing slow catch and adjusting the official peg from $1500 lira per USD to $15000 lira per USD. USD withdrawals and transactions are still banned so it is barely even window dressing the problem.
The dollar exchange rate has reached an all-time high of 60,000 LBP for one dollar. To put this into perspective, one dollar was worth at the beginning of the year... 2019: 1,500 LBP 2020: 2,000 LBP 2021: 8,500 LBP 2022: 30,000 LBP "The change to 15,000 was a step towards unifying multiple exchange rates, in line with a draft agreement Lebanon reached with the International Monetary Fund last year that set out conditions to unlock a $3 billion bailout" Dancing with the devil (IMF) leads to permanent impoverishment.
Both silver and gold plunged just before market close in all currencies.... What could have caused that? (It would be great for the Aussies here if there was an AUD/USD chart on the charts page but I can't see that happening.