- The reasons behind the rise in gold prices are still there, and they are mostly political with BRICS countries amassing gold to hedge against the USD and its weaponization. China’s central bank halting purchases does not mean they are selling, it simply means they are pausing and we do not think they are done buying gold. When gold approached and crossed $1000 many experts said it cannot beyond that, and again, the same thing happened with it hit $1500 and $2000. Gold will continue its upward path and drops like the current one are an opportunity to add more
- We expect oil to hit $90 sometime in the next 6 to 8 months. OPEC+’s decision is not bearish, and they are continuing with the reductions. OPEC+ will not allow oil prices to drop again, and the trading price range will be $75 to $90
- Europe is in serious trouble, socially, economically and financially. What is happening in France and the European elections are a clear manifestation that European citizens are unhappy. Once of these issues is the absence of statesmen(women) in Europe. The absence of statesmen(women) makes Europe a reactive nation, one that lives in fear, and this pushes it into economic oblivion