Why are Critical Materials a Safe Harbor?
Why do we need a Safe Harbor?
Why is SL Vein Graphite a Safe Harbor?
These are very important questions in my opinion. I think Strategic Materials like SL Vein are going to be a true safe harbor regardless of what you think is happening. Here are a few articles discussing the symptoms!
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(Gold is a easy to follow weather-vane in my opinion)
Doomsday Clock For Global Market Crash Strikes One Minute To Midnight
http://www.zerohedge.com/news/2015-...obal-market-crash-strikes-one-minute-midnight
Doomsday Clock Strikes One Minute To Midnight For Global Market Crash
It is only a matter of time before stock markets collapse under the weight of their lofty expectations and record valuations.
China currency devaluation signals endgame leaving equity markets free to collapse under the weight of impossible expectations.
Photo: Reuters
The Telegraph’s John Ficenec has written an excellent piece warning of a possible market crash in the coming weeks.
He identifies eight key “signs things could get a whole lot worse.”
1 - China slowdown
2 - Commodity collapse
3 - Resource sector credit crisis
4 - Dominoes begin to fall
5 - Credit markets roll over
6 - Interest rate shock
7 - Bull market third longest on record
8 - Overvalued US market
John Ficenec is a market and finance expert and is Editor of the Questor column at Telegraph Media Group working across the Daily and Sunday titles and online. He is a qualified accountant who trained at KPMG before moving into asset management and the private equity industry. He has worked in financial journalism since 2011 and joined the Telegraph in 2013. He won 'Article of the Year' in the 2013 CFA Society of UK awards.
As we know, a picture paints a thousand words and the article is replete with a number of excellent charts which should give even the most complacent investor pause for thought.
The convincing thesis can be read in GoldCore Commentary here
DAILY PRICES
Today’s Gold Prices: USD 1,117.30, EUR 1006.17 and GBP 714.34 per ounce.
Friday’s Gold Prices: USD 1,116.75, EUR 1002.11 and GBP 715.29 per ounce
(LBMA AM)
Gold in USD - 1 Year
Gold and silver gained over 2% and 3% last week. After those gains, both precious metal took a breather on the COMEX on Friday. Gold and silver were mixed - gold was flat and silver fell 1%.
This morning, gold is 0.4% higher to $1,118.60 per ounce. Silver is 0.2% higher to $15.37 per ounce.
Platinum and palladium are 0.5% and 0.2% higher to $1,001 and $623 per ounce respectively.
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http://www.*.com.au/druckenmiller-buys-gld-shares-2015-8
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Capital is already seeking safe harbors - Few Safe Harbors are better then Materials in Counter-cyclical Nations like Sri Lanka in my opinion.
There are many factors that direct us towards the top strategic materials in the world and how they can act like a form of currency while we all distrust the major currencies continues to grow.
I think China is going to come out on top and the BRIC's will triumph - One of the main reasons is that China leads the world in Strategic Materials and Graphene.
China has to go through pain but many western markets are terminal; for example does the FED dare raise interest rates in America?
What does this mean for Sri Lanka and MRL Corporation?
It is obvious that people in Asia with money are looking for Safe Harbors right now and MRL Corporation is a massive stand out in light of its historic announcements -
Time will tell but SL Vein is in nations best interest and that is good for MRL Corporation. I bet if they CR the market may not get a look in as SI step in ....
What do you think?
Kind Regards
DYOR !!!
PS - It has been great reading some TA as well
