Tag Archives: Oil Futures

Gold is overbought from a conventional technical perspective; of this there is little doubt. So the question then arises, if this is to be so, as fundamentals for rising gold and silver prices become stronger by the day (see below), what will cause the prices of precious metals to rise further from here, or after a mild correction? Answer: A widespread (think currency wars) and accelerated currency debasement. And simply to catch up to previous inflation, never mind what is coming. This is of course the right answer, however it’s not what will motivate people to actually buy gold and silver. No, that distinction will go to rising prices, which are on the way, coming soon to a theatre near you – literally. (I’m not sure how much higher movie ticket prices can go without affecting demand, but rest assured prices will keep rising until this is discovered.) Continue reading →