The first nine months of 2017 have seen demand for gold coins slump. As stocks soar unendingly (and vol drops unerringly) the US Mint notes that sales of coins is at its weakest in a decade as complacency in the face of ever-increasing potential-crisis-events nears record highs.
The question is – what happened the last time the public gave up on buying "protection against the idiocy of the political cycle"?
The answer is awkwardly simple… everything collapsed.
And as a reminder, China's Golden Week Holiday ends this weekend and that has traditionally meant only one thing for gold…
So what happens next?
via http://ift.tt/2xXFSI1 Tyler Durden