{"id":98502,"date":"2026-02-03T00:26:00","date_gmt":"2026-02-02T23:26:00","guid":{"rendered":"https:\/\/www.infokuryr.cz\/n\/?p=98502"},"modified":"2026-02-02T16:54:20","modified_gmt":"2026-02-02T15:54:20","slug":"larry-c-johnson-zvlastni-chovani-drahych-kovu-na-trhu-zhorsi-to-utok-usa-na-iran","status":"publish","type":"post","link":"https:\/\/www.infokuryr.cz\/n\/2026\/02\/03\/larry-c-johnson-zvlastni-chovani-drahych-kovu-na-trhu-zhorsi-to-utok-usa-na-iran\/","title":{"rendered":"Larry C. Johnson: Zvl\u00e1\u0161tn\u00ed chov\u00e1n\u00ed drah\u00fdch kov\u016f na trhu\u2026 Zhor\u0161\u00ed to \u00fatok USA na \u00cdr\u00e1n?"},"content":{"rendered":"<div id=\"fb-root\"><\/div>\n<div class=\"elementor-element elementor-element-1fb4c2c elementor-widget elementor-widget-theme-post-content\" data-id=\"1fb4c2c\" data-element_type=\"widget\" data-widget_type=\"theme-post-content.default\">\n<div class=\"elementor-widget-container\">\n<p><span dir=\"auto\">Vypad\u00e1 to, \u017ee zu\u0159\u00ed komoditn\u00ed v\u00e1lka o zlato a st\u0159\u00edbro, kter\u00e1 stav\u00ed USA proti \u010c\u00edn\u011b. Mezi cenami zlata a st\u0159\u00edbra v New Yorku a v \u0160anghaji je zna\u010dn\u00fd rozd\u00edl. Na norm\u00e1ln\u011b funguj\u00edc\u00edm trhu by \u010c\u00ed\u0148an\u00e9 nakupovali st\u0159\u00edbro a zlato v USA a pos\u00edlali je zp\u011bt do \u010c\u00edny\u2026 s zna\u010dn\u00fdm ziskem. Zd\u00e1 se, \u017ee velk\u00e9 americk\u00e9 banky, jako je JP Morgan, se sna\u017e\u00ed stla\u010dit ceny zlata a st\u0159\u00edbra na americk\u00e9m trhu dol\u016f, ale neda\u0159\u00ed se jim zm\u011bnit dynamiku, kterou vid\u00edme na mezin\u00e1rodn\u00edm trhu. Pod\u00edvejte se na n\u00e1sleduj\u00edc\u00ed \u010d\u00edsla:<\/span><\/p>\n<p><span dir=\"auto\">Koncem 29. ledna \/ za\u010d\u00e1tkem 30. ledna 2026 (kolem 22:00-23:00 EST) vykazovala spotov\u00e1 cena st\u0159\u00edbra zna\u010dnou volatilitu a ur\u010dit\u00e9 region\u00e1ln\u00ed odd\u011blen\u00ed, se siln\u00fdmi intradenn\u00edmi pohyby (maxima kolem 120-121 USD nebo vy\u0161\u0161\u00ed d\u0159\u00edve b\u011bhem dne, n\u00e1sledovan\u00e1 poklesy v d\u016fsledku realizace zisk\u016f). Ceny jsou za trojskou unci v ekvivalentu americk\u00fdch dolar\u016f, pokud nen\u00ed uvedeno jinak, na z\u00e1klad\u011b aktu\u00e1ln\u00edch benchmark\u016f a zpr\u00e1v z dan\u00e9ho obdob\u00ed. Existuj\u00ed \u010dty\u0159i hlavn\u00ed finan\u010dn\u00ed trhy: New York City, Lond\u00fdn, Bombaj a \u010c\u00edna. Za\u010dn\u011bme cenou st\u0159\u00edbra:<\/span><\/p>\n<p><strong><span dir=\"auto\">New York City (COMEX \/ US Spot \/ OTC Influence):<\/span><\/strong><br \/>\n<span dir=\"auto\">Spotov\u00e9 st\u0159\u00edbro se v pozdn\u00edch a poopera\u010dn\u00edch hodin\u00e1ch obchodovalo za p\u0159ibli\u017en\u011b 109\u2013116 USD za unci. Kotace se li\u0161ily: kolem 109,51 USD (Kitco nab\u00edzelo kolem 22:00\u201323:00 EST), 111,14 USD (spot Bloomberg), 113,11 USD (vypo\u0159\u00e1d\u00e1n\u00ed\/vliv futures na COMEX) a n\u011bkter\u00e9 poopera\u010dn\u00ed zpr\u00e1vy byly na \u00farovni 116,01 USD (po dosa\u017een\u00ed intradenn\u00edch maxim). To odr\u00e1\u017eelo korekci z rann\u00edch maxim v bl\u00edzkosti 120,46\u2013121,67 USD (historick\u00e1 maxima dosa\u017een\u00e1 d\u0159\u00edve 29. ledna), p\u0159i\u010dem\u017e k poklesu p\u0159isp\u011bl tlak pap\u00edrov\u00e9ho trhu.<\/span><\/p>\n<p><strong><span dir=\"auto\">Lond\u00fdn (LBMA Spot\/Benchmark):<\/span><\/strong><br \/>\n<span dir=\"auto\">Cena st\u0159\u00edbra na burze LBMA (glob\u00e1ln\u00ed fyzick\u00fd benchmark) se pohybovala bl\u00edzko obecn\u00e9 spotov\u00e9 \u00farovni, ale v n\u011bkter\u00fdch kotac\u00edch se dr\u017eela pevn\u011bji, kolem 111\u2013116 USD za unci (nap\u0159. pobl\u00ed\u017e 116,62 USD v \u017eiv\u00fdch grafech nebo 112,80 USD z ned\u00e1vn\u00fdch denn\u00edch fixing\u016f). Lond\u00fdn \u010dasto t\u011bsn\u011b sleduje COMEX, ale vykazoval m\u00e9n\u011b extr\u00e9mn\u00ed slevy z ceny fyzicky v\u00e1zan\u00e9 na burzu ve srovn\u00e1n\u00ed s volatilitou americk\u00fdch futures.<\/span><\/p>\n<p><strong><span dir=\"auto\">Bombaj (Indie):<\/span><\/strong><br \/>\n<span dir=\"auto\">Dom\u00e1c\u00ed spotov\u00e9\/maloobchodn\u00ed ceny (v\u010detn\u011b p\u0159ir\u00e1\u017eek, DPH a dovozn\u00edch cel) byly v\u00fdrazn\u011b vy\u0161\u0161\u00ed kv\u016fli siln\u00e9 m\u00edstn\u00ed popt\u00e1vce. Ceny se pohybovaly od 4 000 do 4 101 \u20b9 za 10 gram\u016f (zhruba ekvivalent 130\u2013135 USD nebo v\u00edce za unci, v z\u00e1vislosti na p\u0159epo\u010dtu a p\u0159ir\u00e1\u017ek\u00e1ch). P\u0159\u00edklady: 4 018,53 \u20b9 za 10 g (\u2248 ekvivalent 130 USD+\/oz), 4 10 100 \u20b9 za kg. Tato pr\u00e9mie oproti glob\u00e1ln\u00ed spotov\u00e9 cen\u011b odr\u00e1\u017e\u00ed boom fyzick\u00fdch n\u00e1kup\u016f v Indii a faktory rupi\u00ed.<\/span><\/p>\n<p><strong><span dir=\"auto\">\u010c\u00edna (\u0160anghajsk\u00e1 zlat\u00e1 burza \/ fyzick\u00fd spot):<\/span><\/strong><br \/>\n<span dir=\"auto\">Referen\u010dn\u00ed indexy a fyzick\u00e9 ceny v \u0160anghaji vykazovaly zna\u010dn\u00e9 pr\u00e9mie v d\u016fsledku omezen\u00ed nab\u00eddky a pr\u016fmyslov\u00e9 popt\u00e1vky (nap\u0159. sol\u00e1rn\u00ed\/AI sektor). V podstat\u011b se rovnaly 120\u2013130+ USD za unci nebo v\u00edce (nap\u0159. SGE st\u0159\u00edbro se pohybovalo kolem 29 000\u201330 138 \u00a5 za kg, co\u017e v n\u011bkter\u00fdch zpr\u00e1v\u00e1ch znamenalo pr\u00e9mie p\u0159es 5 USD ve srovn\u00e1n\u00ed s Lond\u00fdnem). Fyzick\u00e9\/maloobchodn\u00ed ceny zp\u011btn\u00e9ho odkupu byly zv\u00fd\u0161en\u00e9; objevily se zpr\u00e1vy o chaosu zp\u016fsoben\u00e9m spekulativn\u00ed m\u00e1ni\u00ed a vysok\u00fdmi pr\u00e9miemi (nap\u0159. &gt; 5 USD\/unci nad glob\u00e1ln\u00ed \u00farovn\u00ed v \u0160anghaji).<\/span><\/p>\n<p><span dir=\"auto\">Podobn\u00fd jev pozorujeme i u zlata (pou\u017e\u00edv\u00e1m stejn\u00e9 \u010dasov\u00e9 obdob\u00ed jako p\u0159i v\u00fdpo\u010dtu spotov\u00e9 ceny st\u0159\u00edbra):<\/span><\/p>\n<p><strong><span dir=\"auto\">New York City (vliv COMEX \/ US Spot \/ OTC):<\/span><\/strong><br \/>\n<span dir=\"auto\">Spotov\u00e1 cena v USA (\u00fazce spjat\u00e1 s futures kontrakty na COMEX a OTC obchodov\u00e1n\u00edm) do pozdn\u00edho ve\u010dera v\u00fdrazn\u011b poklesla. Kotace se pohybovaly kolem 5 160\u20135 175 USD za unci (nap\u0159. \u017eiv\u00e1 spotov\u00e1 cena Kitco byla kolem 5 160 USD za nab\u00eddku \/ 5 162 USD za popt\u00e1vku kolem 22:50 EST; JM Bullion na 5 175,36 USD; spotov\u00e1 cena odvozen\u00e1 od Bloombergu se d\u0159\u00edve pohybovala kolem 5 362 USD, pot\u00e9 byla korigov\u00e1na). Tomuto n\u00e1sledovaly intradenn\u00ed rekordn\u00ed maxima kolem 5 626 USD (dubnov\u00e9 futures kontrakty na COMEX) a spotov\u00e1 maxima kolem 5 597 USD d\u0159\u00edve b\u011bhem dne, n\u00e1sledovan\u00e1 pozd\u011bj\u0161\u00edm poklesem o v\u00edce ne\u017e 4 % z maxim v d\u016fsledku realizace zisk\u016f po p\u0159\u00edlivech do bezpe\u010dn\u00fdch p\u0159\u00edstav\u016f.<\/span><\/p>\n<p><strong><span dir=\"auto\">Lond\u00fdn (spot\/benchmark LBMA):<\/span><\/strong><br \/>\n<span dir=\"auto\">PM fix LBMA (stanoven\u00fd d\u0159\u00edve b\u011bhem dne) byl na 5 405 USD za unci, zat\u00edmco \u017eiv\u00e9 spotov\u00e9\/OTC obchodov\u00e1n\u00ed ve\u010der se bl\u00ed\u017eilo \u00farovn\u00edm v USA, a to kolem 5 160\u20135 200 USD za unci (v souladu s glob\u00e1ln\u00ed korekc\u00ed). Lond\u00fdnsk\u00e9 fyzick\u00e9 benchmarky se d\u0159\u00edve dr\u017eely pevn\u011bji (\u2248 AM fix 5 501 USD), ale s postupuj\u00edc\u00edm \u0161ir\u0161\u00edm poklesem konvergovaly sm\u011brem dol\u016f.<\/span><\/p>\n<p><strong><span dir=\"auto\">Bombaj (Indie):<\/span><\/strong><br \/>\n<span dir=\"auto\">Dom\u00e1c\u00ed maloobchodn\u00ed\/spotov\u00e9 ceny (v\u010detn\u011b pr\u00e9mi\u00ed, DPH ~3 % a dovozn\u00edch cel) z\u016fstaly zv\u00fd\u0161en\u00e9 v d\u016fsledku siln\u00e9 m\u00edstn\u00ed popt\u00e1vky. 24kar\u00e1tov\u00e9 zlato se obchodovalo za 17 885 \u20b9 za gram (neboli 1 78 850\u20131 78 860 \u20b9 za 10 gram\u016f), co\u017e zhruba odpov\u00edd\u00e1 5 500\u20135 800+ USD za unci (vy\u0161\u0161\u00ed pr\u00e9mie oproti glob\u00e1ln\u00edmu spotov\u00e9mu kurzu odr\u00e1\u017eej\u00edc\u00ed dynamiku rupi\u00ed a fyzick\u00e9 n\u00e1kupy). To p\u0159edstavovalo v\u00fdznamn\u00fd intradenn\u00ed n\u00e1r\u016fst (hl\u00e1\u0161en\u00fd zisk ~1 177 \u20b9 za gram).<\/span><\/p>\n<p><strong><span dir=\"auto\">\u010c\u00edna (\u0160anghajsk\u00e1 zlat\u00e1 burza \/ fyzick\u00fd spot):<\/span><\/strong><br \/>\n<span dir=\"auto\">Referen\u010dn\u00ed ceny SGE vykazovaly pr\u00e9mie v d\u016fsledku pr\u016fmyslov\u00e9\/maloobchodn\u00ed popt\u00e1vky a omezen\u00ed nab\u00eddky. Ned\u00e1vn\u00e9 fixingy\/obchody se pohybovaly kolem 1 240\u20131 248 CN\u00a5 za gram (kontrakt SHAU), co\u017e odpov\u00edd\u00e1 ~5 500\u20135 600+ USD za unci nebo v\u00edce ve fyzick\u00e9m kan\u00e1lu (siln\u00e1 popt\u00e1vka vedla k efektivn\u00edm pr\u00e9mi\u00edm nad lond\u00fdnsk\u00fdm\/americk\u00fdm spotov\u00fdm trhem).<\/span><\/p>\n<p><span dir=\"auto\">Na funguj\u00edc\u00edm voln\u00e9m trhu \u2013 zejm\u00e9na v digit\u00e1ln\u00edm v\u011bku \u2013 jsou tyto spready velmi neobvykl\u00e9. Na norm\u00e1ln\u011b funguj\u00edc\u00edm voln\u00e9m trhu by arbitr\u00e1\u017en\u00ed boti \u2013 po\u010d\u00edta\u010de navr\u017een\u00e9 tak, aby vyhled\u00e1valy i ty nejmen\u0161\u00ed zisky \u2013 nakupovali levn\u00e9 newyorsk\u00e9 zlato a prod\u00e1vali ho v \u0160anghaji, dokud se ceny nevyrovnaj\u00ed. Dnes se ale zd\u00e1, jako by byli boti vypnuti. Arbitr\u00e1\u017en\u00ed mezera se neuzav\u00edr\u00e1. Mezera z\u016fst\u00e1v\u00e1 doko\u0159\u00e1n. Teoreticky by relativn\u011b levn\u011bj\u0161\u00ed st\u0159\u00edbro a zlato z New Yorku m\u011blo proudit do \u010c\u00edny. Pokud tato mezera p\u0159etrv\u00e1 a USA neomez\u00ed v\u00fdvoz st\u0159\u00edbra a zlata, nab\u00eddka v \u010c\u00edn\u011b se zv\u00fd\u0161\u00ed, zat\u00edmco nab\u00eddka v USA se sn\u00ed\u017e\u00ed.<\/span><\/p>\n<p><span dir=\"auto\">Dob\u0159e. M\u016f\u017eeme se shodnout na tom, \u017ee na komoditn\u00edch trz\u00edch panuje vysok\u00e1 volatilita? Pak se pod\u00edvejme na jinou komoditu a na to, jak by ji ovlivnilo, kdyby Donald Trump za\u00fato\u010dil na \u00cdr\u00e1n a \u00cdr\u00e1n splnil sv\u016fj slib a zablokoval Hormuzsk\u00fd pr\u016fliv.<\/span><\/p>\n<p><span dir=\"auto\">Hormuzsk\u00fd pr\u016fliv je \u00fazk\u00e1 vodn\u00ed cesta spojuj\u00edc\u00ed Persk\u00fd z\u00e1liv s Arabsk\u00fdm mo\u0159em a p\u0159edstavuje kritick\u00e9 glob\u00e1ln\u00ed \u00fazk\u00e9 hrdlo, kter\u00e9 v neju\u017e\u0161\u00edm m\u00edst\u011b m\u011b\u0159\u00ed p\u0159ibli\u017en\u011b 35 kilometr\u016f. \u00cdr\u00e1n\u0161t\u00ed p\u0159edstavitel\u00e9 b\u011bhem 12denn\u00ed v\u00e1lky s Izraelem hrozili jeho naru\u0161en\u00edm nebo uzav\u0159en\u00edm; podle n\u011bkter\u00fdch zpr\u00e1v v tisku v\u0161ak Donald Trump zprost\u0159edkoval s Teher\u00e1nem dohodu, kter\u00e1 ukon\u010dila boje 25. \u010dervna 2025.<\/span><\/p>\n<p><span dir=\"auto\">Nyn\u00ed, kdy\u017e USA nasazuj\u00ed USS\u00a0<\/span><em><span dir=\"auto\">Abraham Lincoln<\/span><\/em><span dir=\"auto\">\u00a0a \u00fadernou skupinu letadlov\u00fdch lod\u00ed do Arabsk\u00e9ho mo\u0159e, \u00cdr\u00e1n vyd\u00e1v\u00e1 velmi explicitn\u00ed hrozby. 28. ledna velitel IRGC Mohammad Akbarz\u00e1deh prohl\u00e1sil, \u017ee \u00cdr\u00e1n si udr\u017euje \u201e\u00faplnou kontrolu\u201c nad pevninou, podvodn\u00ed a vzdu\u0161n\u00fdm prostorem pr\u016flivu a varoval: \u201ePokud vypukne v\u00e1lka, nedojde k \u017e\u00e1dn\u00e9mu \u00fastupu, ani o p\u00ed\u010f, a \u00cdr\u00e1n bude postupovat.\u201c D\u00e1le nazna\u010dil, \u017ee sousedn\u00ed zem\u011b, kter\u00e9 \u00cdr\u00e1nu zp\u0159\u00edstupn\u00ed sv\u00e9 \u00fazem\u00ed, budou pova\u017eov\u00e1ny za \u201enep\u0159\u00e1telsk\u00e9\u201c a \u017ee rozhodnut\u00ed t\u00fdkaj\u00edc\u00ed se plavby lod\u00ed by mohla b\u00fdt omezena na z\u00e1klad\u011b vlajky. To odr\u00e1\u017e\u00ed \u0161ir\u0161\u00ed r\u00e9toriku re\u017eimu; m\u00e9dia jako\u00a0<\/span><em><span dir=\"auto\">Defa Press<\/span><\/em><span dir=\"auto\">\u00a0a\u00a0<\/span><em><span dir=\"auto\">Javan Online<\/span><\/em><span dir=\"auto\">\u00a0diskutuj\u00ed o mo\u017enostech odvety, v\u010detn\u011b min, protilodn\u00edch st\u0159el a naru\u0161en\u00ed hl\u00eddkov\u00fdmi \u010dluny, pokud by to ovlivnilo \u00edr\u00e1nsk\u00e9 obchodn\u00ed trasy.<\/span><\/p>\n<p><span dir=\"auto\">\u00cdr\u00e1n tyto hrozby vojensky podporuje konkr\u00e9tn\u00edmi akcemi: N\u00e1mo\u0159nictvo IRGC nasadilo stovky rychl\u00fdch \u00fato\u010dn\u00fdch plavidel a raketov\u00fdch vozidel pobl\u00ed\u017e USS\u00a0<\/span><em><span dir=\"auto\">Abraham Lincoln<\/span><\/em><span dir=\"auto\">\u00a0a satelitn\u00ed sn\u00edmky ukazuj\u00ed jej\u00ed letadlovou lo\u010f Shahid Bagheri u pob\u0159e\u017e\u00ed Bandar Abbas. Dvoudenn\u00ed cvi\u010den\u00ed s ostr\u00fdmi st\u0159elbami je napl\u00e1nov\u00e1no na 1. a 2. \u00fanora v Hormuzsk\u00e9m pr\u016flivu, kter\u00e9 je popisov\u00e1no jako reakce na p\u0159\u00edtomnost USA. Podobn\u00e1 varov\u00e1n\u00ed vydali i prost\u0159edn\u00edci jako Kataib Hizball\u00e1h. Plak\u00e1t p\u0159ipisovan\u00fd \u00edr\u00e1nsk\u00fdm m\u00e9di\u00edm a sd\u00edlen\u00fd na Telegramu v\u00fdslovn\u011b vyhro\u017euje: \u201eZablokujeme Hormuzsk\u00fd pr\u016fliv. Ti, kdo n\u00e1m nev\u011b\u0159\u00ed, by to m\u011bli zkusit,\u201c doprov\u00e1zen\u00fd sn\u00edmky pot\u00e1p\u011bj\u00edc\u00edch se americk\u00fdch letadlov\u00fdch lod\u00ed. \u00cdr\u00e1nsk\u00fd parlament \u00fadajn\u011b schv\u00e1lil n\u00e1vrh na uzav\u0159en\u00ed pr\u016flivu, a\u010dkoli kone\u010dn\u00e9 rozhodnut\u00ed pat\u0159\u00ed vy\u0161\u0161\u00edm org\u00e1n\u016fm, jako je Nejvy\u0161\u0161\u00ed rada n\u00e1rodn\u00ed bezpe\u010dnosti.<\/span><\/p>\n<p><span dir=\"auto\">Naru\u0161en\u00ed nebo uzav\u0159en\u00ed Hormuzsk\u00e9ho pr\u016flivu by zp\u016fsobilo hlubok\u00e9 \u0161kody glob\u00e1ln\u00ed ekonomice, zejm\u00e9na na energetick\u00fdch trz\u00edch, vzhledem k jeho roli v p\u0159eprav\u011b p\u0159ibli\u017en\u011b 20\u201327 % sv\u011btov\u00e9 ropy a ropn\u00fdch produkt\u016f (kolem 20\u201321 milion\u016f barel\u016f denn\u011b) a 20\u201322 % zkapaln\u011bn\u00e9ho zemn\u00edho plynu (LNG). Hlavn\u00ed v\u00fdvozci, jako je Sa\u00fadsk\u00e1 Ar\u00e1bie (5,5 milionu barel\u016f denn\u011b), Ir\u00e1k, Spojen\u00e9 arabsk\u00e9 emir\u00e1ty, Kuvajt a Katar (LNG), jsou na n\u011bm z\u00e1visl\u00ed; v\u00edce ne\u017e 80 % tok\u016f sm\u011b\u0159uje do Asie (\u010c\u00edna, Indie, Japonsko, Ji\u017en\u00ed Korea).<\/span><\/p>\n<p><span dir=\"auto\">I \u010d\u00e1ste\u010dn\u00e9 naru\u0161en\u00ed dod\u00e1vek by mohlo zpo\u010d\u00e1tku zv\u00fd\u0161it ceny ropy o 10\u201320 dolar\u016f za barel a v p\u0159\u00edpad\u011b prodlou\u017een\u00ed by potenci\u00e1ln\u011b mohlo p\u0159ekro\u010dit 100\u2013120 dolar\u016f, a to kv\u016fli sn\u00ed\u017een\u00e9 nab\u00eddce, geopolitick\u00fdm rizikov\u00fdm pr\u00e9mi\u00edm a n\u00e1klad\u016fm na odklon. Nedostatek LNG (Katar vyv\u00e1\u017e\u00ed ro\u010dn\u011b p\u0159es \u00fa\u017einu 77 milion\u016f tun) by nejv\u00edce zas\u00e1hl Asii, zat\u00edmco Evropa by \u010delila odklon\u016fm a potenci\u00e1ln\u00edm energetick\u00fdm kriz\u00edm. To by mohlo zp\u016fsobit ro\u010dn\u00ed naru\u0161en\u00ed obchodu s energi\u00ed v hodnot\u011b 600 miliard dolar\u016f.<\/span><\/p>\n<p><span dir=\"auto\">Vy\u0161\u0161\u00ed n\u00e1klady na energie by podn\u00edtily glob\u00e1ln\u00ed inflaci (nap\u0159. na 5,5 % v USA a 3,5 % v euroz\u00f3n\u011b), zv\u00fd\u0161ily by n\u00e1klady na dopravu a v\u00fdrobu a naru\u0161ily by dodavatelsk\u00e9 \u0159et\u011bzce pro spot\u0159ebn\u00ed zbo\u017e\u00ed, potraviny a elektroniku. Zraniteln\u00e9 ekonomiky, jako je \u010c\u00edna (40 % dovozu ropy p\u0159es \u00fa\u017einu) a Indie, by mohly zaznamenat pomalej\u0161\u00ed r\u016fst, zat\u00edmco v USA by HDP mohl v kr\u00e1tkodob\u00e9m horizontu stagnovat. Dlouhodob\u00e9 uzav\u0159en\u00ed ekonomiky s sebou nese riziko glob\u00e1ln\u00ed recese s bilionov\u00fdmi ztr\u00e1tami, p\u0159\u00edd\u011blov\u00fdm syst\u00e9mem a vysokou volatilitou akciov\u00e9ho trhu.<\/span><\/p>\n<p><span dir=\"auto\">A nezapom\u00ednejme na trhy se zlatem a st\u0159\u00edbrem\u2026 Popt\u00e1vka po t\u011bchto kovech pravd\u011bpodobn\u011b vzroste do je\u0161t\u011b v\u011bt\u0161\u00edch v\u00fd\u0161in, ne\u017e jak\u00e9 jsme byli sv\u011bdky v prvn\u00edch t\u0159ech lednov\u00fdch t\u00fddnech. Historicky se pen\u00edze a aktiva v dob\u00e1ch krize uchylovaly do Spojen\u00fdch st\u00e1t\u016f a spokojily se s dr\u017een\u00edm dolar\u016f. Nev\u011b\u0159\u00edm, \u017ee tomu tak bude i tentokr\u00e1t\u2026 M\u00edsto hled\u00e1n\u00ed dolar\u016f prudce vzroste popt\u00e1vka po fyzick\u00e9m zlat\u011b a st\u0159\u00edb\u0159e. Pokud k tomu dojde, Rusko a \u010c\u00edna budou pat\u0159it mezi nejv\u011bt\u0161\u00ed p\u0159\u00edjemce zlata. Rusko a \u010c\u00edna dohromady tvo\u0159\u00ed p\u0159ibli\u017en\u011b 20 % sv\u011btov\u00e9 produkce zlata. Je\u0161t\u011b v\u011bt\u0161\u00ed je koncentrace v produkci st\u0159\u00edbra: Mexiko (6 300 tun), \u010c\u00edna (3 300 tun) a Peru (3 200 tun) produkuj\u00ed 50 % sv\u011btov\u00e9 produkce st\u0159\u00edbra.<\/span><\/p>\n<p><span dir=\"auto\">St\u00e1le existuje \u0161ance, \u017ee Trump zvol\u00ed diplomacii a obnov\u00ed rozhovory s \u00cdr\u00e1nem, ale odhaduji pravd\u011bpodobnost na 20 %. Ob\u00e1v\u00e1m se, \u017ee sm\u011b\u0159ujeme k v\u00e1lce a Donald Trump a jeho poradci v\u00fdrazn\u011b podce\u0148uj\u00ed \u00edr\u00e1nskou schopnost odvety.<\/span><\/p>\n<\/div>\n<\/div>\n<div class=\"elementor-element elementor-element-8c57238 quelle dc-has-condition dc-condition-empty elementor-widget elementor-widget-heading\" data-id=\"8c57238\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n<div class=\"elementor-widget-container\">\n<h3 class=\"elementor-heading-title elementor-size-default\"><span style=\"font-size: 10pt;\"><a href=\"https:\/\/sonar21.com\/the-odd-market-behavior-of-precious-metals-will-a-us-attack-on-iran-make-it-worse\/\" target=\"_blank\" rel=\"nofollow noopener\"><span dir=\"auto\">Zdroj<\/span><\/a><\/span><\/h3>\n<p>&nbsp;<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Vypad\u00e1 to, \u017ee zu\u0159\u00ed komoditn\u00ed v\u00e1lka o zlato a st\u0159\u00edbro, kter\u00e1 stav\u00ed USA proti \u010c\u00edn\u011b&#8230;.<\/p>\n","protected":false},"author":2,"featured_media":98503,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[7],"tags":[1042,6928,1472,693],"_links":{"self":[{"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/posts\/98502"}],"collection":[{"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/comments?post=98502"}],"version-history":[{"count":0,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/posts\/98502\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/media\/98503"}],"wp:attachment":[{"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/media?parent=98502"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/categories?post=98502"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/tags?post=98502"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}