Heavy Metal(s) And Concepts By Michael Every of Rabobank Markets have shrugged off heavy metal(s) even though their plunge Friday was staggering. We are up around 5% in gold this morning following reports of queues of Singaporeans buying the dip yesterday. Yet note that this happened to an asset seen as a “safe-haven”, and as the foundation of a new global system – even as nobody anywhere is close to demanding gold as payment for exports, or is able to do so if needed. Indeed, there are whispers that a key driver of, and much of the worst damage from,… — Continue at ZeroHedge News : Read More
