RGX well positioned.Inflation Watch: why commodities are going much higher as investors seek hard asset safe haven. Don’t be fooled by the short term antics in the media.
PMI (Purchasing Manager’s Index) out of Chicago today: “…PRODUCTION MATERIEL moved to an 10-month high; CAPITAL EQUIPMENT lead times ended a 4-month uptrend." Yet as usual the amusing part, which is straight from the respondents was the following: "We are seeing unannounced and incredible inflation on one product, multiple parts, that we are purchasing out of Europe. At 400% increase we thought surely must have been a mistake. This is not related to $ exchange since we pay in Euros already. Supplier says they cannot absorb costs anymore."
With the near term “success” in Euroland about to boost global stock markets...and the patiently awaited US QE3 being cleverly teased out by the Fed…more market stimulous….more inflation and watch for the commodities to do very well as a fllow up.
India is growing to soon become the world’s third largest economy and China is still growing despite the headlines.
The demand for AGX resources, Titanium, Vanadium and huge iron deposits…at incredibly advantageous, competitive prices….never looked better.