We had a week of temperatures rising in the gold markets worldwide, and then all of a sudden - nothing. The price has slipped a tiny touch, no big change really, and it is up at near the recent highs. But there is no fundamental narrative of some major change coming out from the experts anywhere.
The Hong Kong situation has now become perilous for democracy and the rights of the Hong Kong-ese. Beijing is run by a dictatorship which is intent on subverting Hong Kong and they have already for decades been propping up Chief Executives of the corporatised form of government which runs Hong Kong. There will be no further economic miracles from China.
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| Balmain - I think this is from Balmain, now owned by people in the ME |
No huge massive buyers in gold from there either - they're just plain ordinary consumers: they will swallow the heavily-promoted high volume consumer rubbish made under brand names that once actually stood for something; my God even Macallan has, if not exactly sold out, well, um, okay, sold out!
Apart from the rebel conference at Valdai, the next big thing where the actual beat of genuine orders will be felt, is in Dubai, where honorary Australian (and full-time ruler of the U.A.E.) Sheik Mohammed bin Rashid Al Maktoum, has instituted this new 'Expo 2020' project, a plan designed to have nations around the world view the U.A.E. as a key center of business and enterprise.
Sheik Mohammed has one of the most difficult roles in the world, because apart from anything else, he is a good man and everyone who actually knows his situation well enough, says so about him and his people and his country. It is extremely difficult to live in today's world and be 'a good person!'
He's had numerous attempts by foreign actors to damage his reputation as well as the smooth running of his country - so far to little avail for those miscreant outsiders.
There'll be some money made from out of Dubai and there will be some gold and silver bought by the wealthy there.
And there will continue to be some gold and silver purchased by Russia.
Some stockpiling done by a tiny handful of what's left of the once mighty German gesellschafts - of gold and silver, platinum, rhodium, ruthenium, rubidium, cobalt and titanium and some even more exotic metals and crystals.
The market is not exactly soft.
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| Which lot is more interesting - the guys on the ground, or the guys in the tin thingy... |
One of our correspondents spoke to me this morning and he mentioned that he was looking at some business out in the U.A.E.
Don't forget Dua, Smithy. And I mean 'Dua' perfumes and fragrances including men's aftershave... Best value-for-money for a class, quality product in the world right now.
...The other 'dua' you already do - ah, in the mornings and evenings and mid-days and so on.
