Asian Metals Market Update

Be prepared for the next great transfer of wealth. Buy physical silver and storable food.

news.goldseek.com / By Chintan Karnani, Insignia Consultants /18 December 2014

The FOMC statement is bearish for gold, silver and other metals. There is huge speculation that Russia will be forced to sell its gold due to the oil price collapse. This is one the key reason why traders and investors are not investing in gold. All I can say is the ultimate reason for the oil price collapse is to break up Russia and eat into its vast natural resources.

In 2015, global political developments in Russia (whether Putin is able to weather the energy price storm), the Middle East (the spread of ISIS, whether NATO is able to overthrow Assad), North Korea, China (low growth rates will have huge political ramifications in China), spread of NATO, unrest in most parts of Africa, among other factors will dictate the long term trend of gold, silver and energy prices. There will be lot of more factors than just gold price manipulation, the direction of the US dollar and/or Asian demand. I personally believe that global peace will move from bad to worse (worse as a word with no limits) which could restart another gold bull run. (but towards the far end of 2015).

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Thanks to BrotherJohnF