Why is gold, oil and other commodities all selling-off at a time when conventional wisdom would say that gold-silver should be exploding?
All you have to do is look at the simple rule of supply and demand. Gold is being sold by countries that need to make up the loss in their financial assets such as Russia and European Union members and all this gold being dumped on to the world market is sending gold plummeting.
Oil is dropping since the world production and growth is falling off and the demand for oil is dwindling so even production cuts by OPEC last week didn't stop the slide of crude prices.
Commodity prices are dropping as the commodity bubble has popped and everyone is trying to find some place of safety (beside their mattresses). It's simple supply and demand as it usually is after all the complexity is removed when the financial talking heads are done with their obfuscation.
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