Inflation Uber Alles: If there was even the possibility that inflation might subside before long, $15 a bushel wheat, $125/bbl oil, possibly the smallest Florida orange crop since WW II, $3,300/ounce palladium, and $5+ copper...
Andrew Maguire is joined by Dr Stephen Leeb to contemplate the impending commodities shortage and the dramatic consequences of a silver scarcity for the developing countries.
In the London Metals Exchange, for example, we witnessed the price for Nickel blow beyond its all-time record price high level reached back in the year 2007. And thus, the LME implemented an emergency backwardation limit and delivery deferral mechanism..
Can the funds in your bank account be seized or frozen? Events are now occurring around the world that many people thought would never happen during their lifetime.
But the 800 lb. gorilla in the silver living room is the looming physical shortage, which now appears to be literally on our doorstep...that, combined with a short position in the COMEX futures and OTC markets that defies belief. Then there's the sharp narrowing of price spread differentials in silver since the March delivery month began...not to mention white-hot retail sales, the likes of which I've never seen before.
The Comex silver warehouse report shows 1.5 million oz moving OUT OF THE VAULT. JP Morgan's vault showed 480,000 transferring from eligible to registered..
