'AN EXPLOSION IS COMING'THE PRECIOUS METALS
"YOU AIN'T SEEN NOTHING, YET, AN EXPLOSION IS COMING!"
First, my family would like to extend our hearts and our prayers to those living in the Gulf Coastal Region. May God step into your lives and protect you.
We might be a tad bit early with these thoughts, but it should make little difference. Markets will always follow their fundamental nature, and the fundamentals look superb for Silver. Someone has even suggested that more Silver has been sold through paper proxies, than even exists. When I look at where this world seems to be headed, I don't doubt it.
Inflation is reported to be mild and under control, but that is not what I see in real life. Oil has doubled in price, and the oil price eventually works its way into the price of everything. Debt, or what is currently termed as credit, is flying off the charts in all sectors. There is little doubt that this debt accumulation cannot continue, on. The massive debt load will lead to a stagnation of the economy even in the least painful scenario.
So, where does that leave us? The most likely path is one of Stagflation, where prices continue to rise dramatically, as the economy remains stagnant. Rising prices exemplified by rising oil prices along with flat earnings………boy that one seems familiar. Oh, yeah, that was the 70's wasn't it? And what did the price of Silver do in the 70's? An explosion is coming!
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