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<p>[QUOTE=&quot;Juan Blanco, post: 1567486, member: 41665&quot;]I would like to qualify my first comment, about Seasonality versus &#039;the storm.&#039; Please think through the OP&#039;s premise, it&#039;s a devastating critique. </p><p><br /></p><p>First, ask: when did a &#039;storm&#039; ever move the Price of Gold, in any currency at any time in history? I don&#039;t know the answer(s) but that is very germane to the OP&#039;s question.</p><p>I&#039;d wonder any major wrecks of Spanish galleons of the <i>Flota de Indias </i>(for example, on July 30, 1715?) might have then moved money markets in Europe. (Storms, not drought/famine.) </p><p><br /></p><p>In modern times, I doubt there&#039;s ever been a correlation (storm + POG). We can find out, looking at the ten deadliest US hurricanes <u>and</u> POG charts over the next 1-2 months. Consider likewise, the 10 worst typhoons in India and POG in Rupees. What is the truth? There&#039;s data and an answer, definitely.</p><p><br /></p><p>Second, I am concerned that global warming has created GREATER storm surges on the East Coast. Real scientists confirm this; shame on the Flat-Earthers and let&#039;s tune out the denial lunatics. (&quot;There is no global warming...<span style="color: #ff0000">edited ~Political</span>!&quot;) In 1991, I endured &#039;The Perfect Storm&#039; with 4-feet of water on the first floor (for a week) and 14 days without electricity. Very unfortunate for me and my family then, as for the NY/NJ folks now. But on the New England coast, these &#039;Once-In-A-Century&#039; storms are now &#039;Once-In-A-Decade&#039; or sooner. Time to get real about it, folks - we&#039;re all going to pay the price.&nbsp; Investors do need to think through the economic &amp; financial impacts.</p><p><br /></p><p>We&#039;ve let our infrastructure rot away over decades. In 1992, &#039;Hurricane Andrew&#039; hinted how bad things had gotten. In 2005, &#039;Hurricane Katrina&#039; showed the world - the USA is NOT PREPARED. Since then, we&#039;ve NOT confronted the challenges, NOT made real progress. So predictably, YES there will be ever-increasing, more costly and more deadly consequences of US coastal storms. Insurance companies have accepted this FACT, already warned those paying attention. <b>The &#039;free market&#039; is the proof,</b> look for premiums to soar. Why am I not surprised that many folks in flood-areas <i>still </i>don&#039;t have flood insurance? Because most people are still enmeshed in &#039;Greatest Nation&#039; denial-excuses and 1990s fantasy thinking, that someone else will foot the bill, FEMA will cover it with a big fat check, etc. And the truth? We did NOT prepare.</p><p><br /></p><p>As a nation, <b>we really need to stop lying to ourselves </b>- this is NOT what happens in an affluent, well-organized, &#039;First World&#039; country. Take a look, please.</p><p><a href="http://usnews.nbcnews.com/_news/2012/11/03/14902263-freezing-temps-in-the-20s-power-still-out-for-millions-in-sandy-hit-areas" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://usnews.nbcnews.com/_news/2012/11/03/14902263-freezing-temps-in-the-20s-power-still-out-for-millions-in-sandy-hit-areas" rel="nofollow">http://usnews.nbcnews.com/_news/2012/11/03/14902263-freezing-temps-in-the-20s-power-still-out-for-millions-in-sandy-hit-areas</a></p><p><a href="http://www.cbsnews.com/8301-201_162-57544755/n.y-n.j-governors-act-on-gas-shortages/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.cbsnews.com/8301-201_162-57544755/n.y-n.j-governors-act-on-gas-shortages/" rel="nofollow">http://www.cbsnews.com/8301-201_162-57544755/n.y-n.j-governors-act-on-gas-shortages/</a></p><p><br /></p><p>So my qualification, based on the above, is straight-forward. </p><p><br /></p><p>1) POG has a major market in NYC. That market ought to be immune to &#039;the Weather!&#039; as it always was.</p><p>2) IF - in the 21st Century! - &#039;storms&#039; start to influence NY POG, then what does this say about <i>our market </i>&amp; and <i>our currency</i> now?</p><p>3) &quot;Got Gold?&quot; LOL (My favorite answer, to almost every question.) </p><p><br /></p><p>Undeniably it&#039;s a very damning fact, proof again <i>global warming is all-too-real </i>in Dollars &amp; Sense. We really ought to get a grip on both at long last, IMO. </p><p><br /></p><p>fwiw, I <u>don&#039;t</u> actually believe the Gold Market is now/yet vulnerable. I am more concerned the Stock Market <i>might </i>reflect this weakness, and the economy will suffer accordingly. But blamed on/caused by this weather, <i>a triggered sell-off in most asset classes </i>(including PMs) would <u>prove</u> that America has become very very weak indeed. Barring drought/famine or some cataclysmic event, that should never ever happen. Blame something ELSE!</p><p><br /></p><p>The WEATHER. Good Lord: how sad &amp; pathetic. Let&#039;s hope not.[/QUOTE]</p><p><br /></p>

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