It's Time To Buy Silver

Only two weeks ago, the price of silver was rapidly appreciating in a parabolic advance.  Back then, sentiment towards the white metal was extremely bullish and its price was approximately 78% above its 200-day moving average.  Furthermore, on the 25th of April, silver registered a key reversal whereby its price tested the all-time high recorded in 1980 but failed to hold on to its intra-day gains. 

 You will recall that after observing all of the above conditions, we sent out an alert advising investors and speculators to take some money off the table.  As it turns out, our caution was warranted and what has recently transpired can only be described as a rout in the silver market

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The Truth About Energy

After oscillating within a trading range for several weeks, the price of crude oil has recently broken out to a new recovery high.  Now, you will recall that we have been firm believers of ‘Peak Oil’ since 2003 and we were expecting this bullish resolution.  

 

Look.  Sceptics can say what they want; it does not change the fact that our world is struggling to maintain daily flow-rates.  Whether you agree with us or not, the energy reality is that the supply of conventional crude oil is very close to its peak and no other fuel source can fix the problem. 

 

Yes, various governments are now promoting alternative sources of energy and over the following years, we expect this drive to intensify.  However, in all honesty, we seem to have left it too late and apart from conservation, there is no other solution.

 

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Big Move Coming

It looks as though the multi-month correction in precious metals is coming to an end and very soon, we are going to get a major move.  If the bull-market is still intact, then gold should break above US$1,000 per ounce within a few weeks.  However, if the price of gold fails to do this, we could see a sharp decline in bullion and precious metals mining stocks.  Put simply, if the price of gold fails to climb past US$1,000 per ounce and instead, it falls below US$920 per ounce, it will be a negative omen.  At that point, our suggestion would be to immediately sell precious metals and related stocks Add a comment Add a comment

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Ignore the ‘noise’

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The recent market action suggests that the bear-market low is now behind us.

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Hyperinflation or Deflation?

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At present, the investment community is divided as to whether the world economy faces hyperinflation or deflation.  Some observers are convinced that the central banks’ printing press will take the world towards hyperinflation whereas others believe that the ongoing contraction in American private-sector debt will result in outright deflation.  So, what will the future bring?

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