AuCanary GoldWisdom

For thousands of years Precious Metals (PM) such as Gold (Au) and Silver (Ag) have been utilized as real money for exchange, wealth store, and metric of value. While I am NOT an advocate of one single commodity backing our money (like a gold standard), I do believe that the price trend of PMs are the most important indicators of the value of fiat money, plus the crimes of corrupt banking corporations and governments that manipulate PM prices. The "Canary in the coal mine" is Gold - AuCanary.

Showing posts with label oil price. Show all posts

Strait Jacket: Iran to 'definitely' close Hormuz if EU bans oil

The EU (no doubt pressured by the Neocon/Israeli led US policy) has officially declares sanctions against Iran for reasons publicly stated as a means of halting Iran's alleged nuclear development program. The sanctions include the blocking of oil and GOLD trade with Iran. RT interviews James Corbett and they discuss the numbers, implications, and some possible results from this action.

Gold drops below $1,430 on oil dip; Wall St up

These are not actors in a movie about commodity prices.

Three years ago this scene would have played out as a drama in a movie about the economy. Today you expect much more of the same, with no end in sight.