❖ GOLD IS HEADED FOR $3,000, SAYS CITI
THE PRICE OF GOLD WILL HIT $3,000 A TROY OUNCE IN THE NEXT SIX TO 18 MONTHS, ACCORDING CITIGROUP ANALYSTS.
GOLD'S RECENT RUN HAS BEEN REMARKABLE, OVERCOMING THE HEADWINDS OF RISING INTEREST RATES AND A STRENGTHENING U.S. DOLLAR. IT HAS ALSO CONTINUED DESPITE A NOTABLE LACK OF BUYING IN VISIBLE FINANCIAL AND PHYSICAL MARKETS, LEADING SEVERAL WALL STREET ANALYSTS TO SPECULATE ABOUT A "MYSTERY BUYER."
GOLD'S RALLY HAS BEEN BOOSTED BY GEOPOLITICAL RISK, IMPORTS INTO CHINA AND INDIA AND WHAT APPEARS TO BE FLIGHT FROM TRADITIONAL GOVERNMENT-BACKED CURRENCIES SUCH AS THE U.S. DOLLAR, SAID CITI'S ANALYSTS.
A ROUGHLY 20%-25% GROWTH IN GLOBAL DEBT TO $315 TRILLION HAS, THEY WROTE, SPARKED DEMAND FOR GOLD FROM RETAIL BUYERS, FAMILY OFFICES AND ULTRA-HIGH-NET-WORTH INVESTORS. ...
🛢📈 — Reuters reports that oil is approaching $100 per barrel following the latest exchange of attacks between Americans and Iranians on oil tankers.
▶️The price of Brent crude has risen to $97.07 per barrel, while American WTI crude has risen to $92.28. In the past week, Brent has risen by 7.8%, while WTI has risen by nearly 10%.
▶️On Saturday, U.S. forces attacked three Iranian oil tankers, one of which was stationed near the island of Kharg, a key center for Iranian oil exports. In response, the Islamic Revolutionary Guard Corps announced attacks on three oil tankers in the Strait of Hormuz and three more U.S. ships.
▶️In this context, traffic through the Strait of Hormuz has sharply declined. Over the past 10 days, an average of only 10 cargo ships have transited the strait per day – the lowest level since May.
The WHO now states on its website:
Vaccination against COVID-19 can trigger multiple sclerosis through cross-reactive CD4+-T cells that recognize the spike protein of SARS-CoV-2 and myelin peptides.
In other words: Your own immune system destroys the nerve pathways and then attacks your brain and spinal cord.