Elmat, market watchers are wrong.
I consider the 'new' but inevitable development a false-dawn, due to the faulty logic, because:
(a) Iran now has one more leg to stand on, in so far as it wishes to develop genuine civilian nuke rollout
(b) and we all ought to know that knowledge for civil is smarts for military, applications perhaps not, but coding language, most assuredly
(c) After Iran, should it be allowed to go forth with any sort of empire-sanctioned nuke program that we all know will lead to nuke armament down the road, others will work along the same path (Syria, Saudi Arabia, ... Brazil, Venezuela, ... Poland, Ukraines, ... Nigeria, Sudan, ... Japan, S.Korea, ... Mexico, S.Africa ...)
(d) Question: in so far that the empire has been less than able to impose its will on Iran so far, handle the mess in Iraq after so much expenditure, and not arriving at any sort of conclusion in Afghanistan, a nothing of a tough place, what is the implication for its genuine strength, real spending needs, and so, what of its currency fate?
Remember, the empire is supposed to prevent the onset of challenge from every quarter, and that can only be done with spending, on top of astute strategy, or, more spending, on top of more foolishness.
So, gold dropping toward 600 is a welcoming event, allowing more to be saved should they so choose to seek monetary salvation.
Chugs, J |