As the U.S. stock market bubble gets even larger, Americans are totally unprepared for the coming ENERGY CLIFF. I sat down with Tom at Palisades Radio. I discussed the inflation vs. deflation debate, Americans being the most exposed to the stock market than ever, details of the Energy Cliff, and why technical analysis still works in a manipulated market.
I have to say; I really enjoyed chatting with Tom Bodrovichs at Palisades Radio because he is one of the few in the precious metals and resource sector that understands that energy’s key role in the global economy. He also realizes there are two sides to the precious metals story. Unfortunately, many precious metals investors and analysts believe that the gold and silver prices should only head in one direction… UP.
During the video, I explain why two dynamics are taking place in the gold and silver market. When you understand these two different dynamics, you will sleep better at night and won’t be so concerned about the current price.
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Excellent!
The value of this one interview easily pays for a subscription.
It was so nice having the sub-titles/closed captions; much better than some crappy computer speaker.
Especially in 15 years? You have made multiple articles and videos talking 10 years now it is 15 years on oil?
Just curious on why you changed you thoughts on 10 to 15 years? That is a significant change.
That is unless I heard you wrong in the past?
Thanks
Archeromaha,
No, I haven’t changed my forecast. I believe we start to get into trouble at 5 years and that just gets worse by 10. However, in 15 years… it’s going to be ESPECIALLY BAD as it really starts to FALL even more quickly.
I hope that clears it up.
steve
Incredible interview Steve!
Near the end of the interview you talk about the probability of deflation later this year and next, with concurrent correction in the stock markets.
And of course politicians can talk all they want about how good the economy is, but when additional federal unemployment benefits [and states’ benefits] end by about Labor Day, and this summer millions are evicted [unless there is more forbearance] from their homes or apartments [some so far in arrears bankruptcy will follow], and others have to resume student loan payments….yeah, that will have an effect on the economy.
But another dynamic you have spoken about before didn’t come up. If the equities drop, commodities drop, including G & S initially. But some may sell stock and go into the G & S ETF’s or the physical as well, boosting those prices.
Excellent points in the second comment, DC.
I would expect by the 4th quarter for Indian demand to start to pick up. Their virus numbers are heading down, and even if farmers & rural people are not buying due to their economic situation, the country isn’t importing enough for their robust industrial goals.
That said, India does produce silver. This headline is slightly over two years old, and of course virus would have interfered with their production, but I found this:
“Hindustan Zinc
NSE -0.65 % is poised to emerge among the top five global producers of silver with production touching 1,000 tonnes in the next two years. The company is now the ninth largest silver producer in the world, placing India into top dozen of silver producing countries, according to World Silver Survey 2019 by The Silver Institute. The company, which has set a target of achieving production of 1,500 tonnes in the next five to six yea ..
Read more at:
https://economictimes.indiatimes.com/industry/indl-goods/svs/metals-mining/hindustan-zinc-poised-to-emerge-among-top-five-global-producers-of-silver/articleshow/68994186.cms