China and Russia move towards the petro - yuan- gold system will...

China and Russia move towards the petro - yuan- gold system will make the whole thing alright, it will take atleast six months to one year to be up and running, till then they are happy to accumulate gold and silver at such low prices. USA bank JPMorgan holds 690 million ounces silver and adding more, also making a lot of money by shorting silver at every high and bleeding the silver bulls /hedge funds.

We retail have no power to stop all these things, we have to just keep adding good scrips.

However I feel by next year this time we will be much better off. I expect POG at USD 1800 level in the next 12- 18 months.I am not a gold/silver bug, never invested in mining scrips till Sept 2016. Next seven to eight years will be amazing for gold, silver and also commodities in general. But first we have to tolerate the next one year notional losses.