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Re: OT: Precious metals and similarMy crystal ball gazing: whatever FED or three amigos are going to do now, consequence of it will be negative/bearish. Classic Sophia´s choice - either suppress inflation and thus cruh economy, or start lowering rates and thus inflation is back on the scene. Moreover much more interesting than FED actions are words of Mr. Xi on the last day of meetings with Putin, he said: "Change is coming that hasn't happened in 100 years and we are driving this change together." And this is not this type of guys we know 12 in a dozen among Western polticians, which apparently never ever heard adage "Verba vana non logitur!". It looks rather like Caesar words "Alea iacta est" after crossing Rubicon. 1) China will continue to sell USL treasuries 2) China will continue to buy gold into its reserves 3) China will continue prompt their partners SA/Gulf states/Africans/Venezuela/Iran/ and LATAM to trade crude/NG/minerals in yuan 4) the same way members of STO, members of BRICS - predominantely India, second largest state by population and third largest oil consumer 5) BRICS will grow in near term (2023-2024) by Algeria, SA, Iran, Argentina, Mexico and more to come. So resource reach countries versus westerners - only couple of them really have significant natural resources for Green deal. I mean Canada/Australia, European Nordic states and battle could be called states with financial resources ( printed from thin air, needed to add) versus states with natural resources. Who will win? I have my bet:-) 6) Ukrainian proxy war Russia/NATO through lives of Ukrainians - it´s evident things don´t go the way like Victoria and Anthony planned. Since January two attemps to negotiate by USL, meat grinder in Artemovsk, the second one in Adeevka, hmmm... What is evident: USL Straussian/Brzezinski´s doctrine about USL hegemony conditionad by military superiority and strenght of petrodollar is in premortal convusion just now - you can get it know by means of communication between USL and Hungarian politicians, Turkish politicians, African rulers ( very very frustrating for French president aka Micron - nomen omen, haha, this guy has very hard times everywhere home/abroad). I would finish my speculative musing by confirming, i´m bullish on PM ( near term), bullish on Cu/Li/Ni/Co mid term, and yeah after 2-3 years bullish on oil mid term - 3 of 4 main USL shale basin are in decline mode and dissolved reserves - again great timing and kudos for SA/MSB like in 2020, this guy know when start to think in another way ( switch SA/USA to SA/China partnership). Howg! |
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Msg # | Subject | Author | Recs | Date Posted |
15718 | Re: OT: Precious metals and similar | The Red | 0 | 3/25/2023 11:05:57 AM |