Silver faces a 500 million ounce deficit, with Chen Lin predicting prices to surpass $50 due to clear fundamentals and potential for significant upside.
China’s 10 trillion yen stimulus package aims to shift the economy from export-oriented to consumption-oriented, focusing on real estate and consumer goods to stabilize sentiment.
While China’s stimulus will boost commodity demand, the primary driver remains true global demand, with the package serving as a one-time support rather than a long-term solution.
China is actively stockpiling metals like copper, platinum, and palladium, particularly those not produced domestically, to build reserves and ensure supply independence.
Chen Lin forecasts gold reaching $3,000 per ounce, citing increased ETF inflows from the US and Europe as a significant factor driving prices upward.
The US economy added only 12,000 payroll jobs in October 2022, the smallest month-to-month employment gain in nearly 4 years, with total private jobs falling by 28,000.
Full-time employment has declined for 9 consecutive months year-over-year, a trend only observed during recessions in the past 30 years.
The household survey reveals a decrease of 368,000 employed workers in October, resulting in stagnation of total employment over the past 18 months.
The PMI Manufacturing Index dropped to 46.5 in October, indicating contraction in the manufacturing sector for the 7th consecutive month.
Government jobs increased by 40,000 in October, offsetting the decline in private sector employment and masking the overall job market weakness through deficit spending.
The Biden-Harris administration reportedly has a “laundry list of executive actions” prepared post-election, including shutting down oil and gas production, closing the Dakota Access pipeline, and banning fossil fuels, which could significantly increase energy prices.
There are allegedly “thousands of would-be illegals” in a “constellation of migrant caravans” waiting in southern Mexico, potentially including criminals or terrorists, to be given a “green light” to enter the U.S. after the election.
Post-election plans reportedly include implementing “near universal background checks”, “red flag laws”, and “mandatory gun buybacks”, potentially targeting gun owners who vote.
The administration is allegedly preparing to impose “net neutrality regulations” that could allow bureaucrats to control website access, potentially leading to a “bureaucratic jihad” against free speech advocates like Elon Musk.
There are plans to restrict ozone, methane, and emissions post-election, which could potentially “decimate American manufacturing”, “wipe out thousands of American farms”, and impact “American car production”.
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