The cyclical bear market in Silver is serving its purpose. Its correcting and digesting the 6-fold advance that took place in less than two and a half years. A similar correction took place in the mid 1970s that led to the parabolic move to $50. Amazingly, if you line up Silver’s performance from its 1971 low to 1980 high with Silver’s performance since its 2008 bottom, you’ll notice strong parallels.
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SIGNS OF THE TIMES:
“Red Hot Housing” “U.S. Housing Giant Has Awakened”
– Financial Post, March 16
“Slovenia’s dollar-denominated benchmark bonds declined, pushing yields to the highest level this year as bailout risks increase.”
– Bloomberg, March 22
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As a general rule, the most successful man in life is the man who has the best information
Commodity super-cycles are defined as decades long price movements in a wide range of commodities. Super-cycles differ from shorter term fluctuations in three ways:
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“I want to make sure I get this across. That was the Attorney General saying that banks are not only too big to fail, but they’re now too big to prosecute. Imagine if you’re sitting in one of the trading rooms at JPMorgan or Goldman Sachs and realize that the Attorney General says we’re so big they can’t go after us. It’s like a free pass. I think this means the calamity to come will be far worse than 2008.”
Read more: http://tinyurl.com/d2qc495
On January 14, Deutsche Bank published their 2013 market outlook in which they identified several geopolitical hotspots to worry investors and businesses. They include a wide range of developed and less developed economies, many of which are key producers of commodities and/or a key link in product supply chains. If something goes awry in any of these hotspots what will be the impact on commodities?
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CALGARY — Export Development Canada’s forecast for Alberta’s export growth calls for a substantial gain of 12 per cent in 2013 after recording a seven per cent gain this year.
“Alberta exports will be firing on all cylinders in 2013,” said Peter Hall, chief economist at EDC. “Crude oil, most agricultural commodities and a number of industrial goods will post gains next year, driving Alberta’s total exports to over $100 billion.”
Read more: http://tinyurl.com/cc93wfq
It’s not just the US central bank that’s printing money…
European Central Bank (ECB) President Mario Draghi has declared that it will buy unlimited quantities of European sovereign debt.
Japan’s central bank is expanding its current purchase program by around 10 trillion yen ($126 billion) to 80 trillion yen.
The Chinese, British, and Swiss are all adding to their balance sheets.
Read more: http://tinyurl.com/9cu6h56