The war in Iran appears to be heating up, and last night when US futures prices opened up gold was down and oil was up 3% to 4%.
Japan was down, Hong Kong im not sure, but some of the Hong Kong ETFS are down this morning in early trading. So I covered part of my short and added to my oil short, NORW, im shorting Norway and today added COAL.
Gold was down, didnt look at silver prices.
Im not sure how much longer commoditys will go down.
I think after we get through the deflation scare, inflation could heat up, but with AI maybe commoditys will keep getting bud up.
Longer term I probably lean towards inflation and higher gold prices, but expect in technology there will be price declines and rising standards of living for most people in the West.
Im biased towards the Government will debase currency, like in Japan to pay for deficits and social spending and whatever wars we have, so over time asset prices will go up as will gold coin prices.
Thats it for today. Thanks for reading.
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