Countdown started to Christmas Rallies on PMs

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Photonaware

Active Member
Just read this from one of Kitco's contributors - Peter Degraaf

Gold and silver are less expensive today than they were in 1980 due to the fact that there is far more paper and digital money in existence today than was the case in 1980. According to the inflation calculator provided at USinflationcalculator.com (using data supplied by the US government), the price of gold would need to rise to $2336, to match the inflation adjusted price of $850 (the 1980 peak). In the case of silver the price would need to rise to $137 to match the inflation adjusted price of $50 (the 1980 peak).

The most bullish fundamental for gold and silver is the fact that there are now 2.5 billion people who were not around in 1980. Most of these people live in China and India. By coincidence these people live in a country where the economy is growing and furthermore they love silver and gold!

Conclusion: Based on the observations presented in this report the expectation is that the annual Christmas rally in gold and silver is 'right on course'.
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And as I'm sure you're well aware the data that the US government touts is, at best, pretty conservative data. At worst, its utter bull butter.
 
dark forces control the price, until JPM and HSBC are taken down PM's will be manipulated
 
Why would 2.5 billion Chinese and Indians start a Christmas rally when their main festivals are Diwali and Chinese New Year?
 
Ouch said:
Why would 2.5 billion Chinese and Indians start a Christmas rally when their main festivals are Diwali and Chinese New Year?
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Chinese new year isn't too far away. Happens in late jan/feb.

Also surprisingly, the chinese DO celebrate christmas. Well, the Coca cola version with santa claus anyways. Maybe a young lad will find a nice 10 oz bar wrapped up under the chrstmas tree this year!
 
cdnmetalmetalhead said:
Ouch said:
Why would 2.5 billion Chinese and Indians start a Christmas rally when their main festivals are Diwali and Chinese New Year?
Click to expand...


Chinese new year isn't too far away. Happens in late jan/feb.

Also surprisingly, the chinese DO celebrate christmas. Well, the Coca cola version with santa claus anyways. Maybe a young lad will find a nice 10 oz bar wrapped up under the chrstmas tree this year!
Click to expand...


Chinese new year may well keep the dragon gravy train rolling ahead.

I would assume that most of the dragon 1oz sales so far have been to bullion collectors, not people giving gifts for the new lunar year.

Unless people were buying their gift 6 months ahead of time
 
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