A Storm Is Brewing And It Is Not A Hurricane!

There are many factors coming together that may drive the metals markets over the coming months.
The first BRICS bloc of developing nations agreed on Thursday to admit Saudi Arabia, Iran, Ethiopia, Egypt, Argentina and the United Arab Emirates in a move aimed at accelerating its push to reshuffle a world order it sees as outdated.
In deciding in favour of an expansion - the bloc's first in 13 years - BRICS leaders left the door open to future enlargement as dozens more expressed interest in joining a grouping they hope can level the global playing field.
The next is The Federal Reserve is scheduled to set short-term interest rates again on September 20. Markets suggest the Fed will most likely hold interest rates steady, after a 0.25-percentage-point increase at the July meeting. But the markets seem uncertain of this.
Institutional and Private Investors are very worried over the markets and continue to turn to investments in metals.
One last factor this week is the Chinese government, to support its faltering economy, is squeezing shorts in the marketplace and driving prices significantly higher in Silver and Copper both with Gold being pulled with them.
We will, of course, see some pull backs as paper traders take profits, but at some point the wheels are going to stop spinning and grab the asphalt, and rocket down the track setting new world record prices.

Lee Rich - Owner