“Come to think of it, maybe it’s the $100 oil that is had metals prices perched so these past couple years. So a return to sanity in both markets hopefully...”
Higher oil prices impact all of us, who work, are retired and even those on welfare when gasoline/diesel prices go up. Those of us who buy anything that depends on transportation to where we buy our food/goods and we have inflation and loss of disposable income.
Yesterday in the gay Frisco area, the local TV news stations were interviewing drivers/gas buyers with a wide spread of education and probably income levels. Everyone interviewed, said that they would have more money (we call it disposable income) to spend.
A good econ professor at Stanford said the same thing and said that it was a simple and easy understandable process. He and another econ professor said that the decrease in gas/diesel prices come down at this time of the year, most of us will be spending more for the holidays.
All of us get hammered with increased prices at the super market and where ever we shop due to higher oil prices.
When oil prices come down, inflation gets hammered, and that is good for 99.9% of us. When inflation gets hammered, often gold/silver prices get hammered.
Finally, when oil prices come down, the Opecker Princes/Putin and SA dictators get hammered. That is a good thing.
When gold/silver prices get hammered, smart money goes to areas that help our economies not the gold counters.