North Korean tensions are once again to the fore. I always believe that natural calamity are short term pains but long term gains for any nation. Reconstruction and relief efforts create more jobs for the low skilled workers than under normal days. Storms and hurricanes in the nation surrounding the Gulf of Mexico will create more jobs than before. At the end of the day low skilled job creation is something which every nation lacks. Nature will do its job in America more than its politicians. Demand for industrial metals always rises after a natural calamity in any part of earth.
Focus will shift to pre- election moves in Japan and political changes in the UK due to a continued delay in time for Brexit. Asian demand for gold and silver will also be the key this week.
This post was published at GoldSeek on 9 October 2017.
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