3/11/2013 Portland, Oregon – Pop in your mints…
With the precious metals seemingly trapped in a state of suspended animation, it is nice to come across analysis that digs into the fundamentals of the precious metals, both at the retail level as well as at the source, the miners. For a time, we have seen a steady supply of silver at around $30. The recent push under $30 has almost immediately raised the issue of supply shortages of the white metal.
Supply, of lack thereof, is the most compelling reason to hold silver. With this in mind, we were fortunate to come across this fine analysis piece by Tekoa Da Silva which we present here for your perusal and enjoyment. In this video presentation, Da Silva exhibits obvious enthusiasm for the prospects, if you will, for the gold and silver markets based on his conversations with the Perth Mint, who say all of their retail clients are holding their metals in the face of this down draft, and an adviser for the BMO group, who is again seeing a dearth of supply on the horizon as marginal mining projects are shelved.
It all adds up to a continuation of the bull market in the precious metals, as their production is inextricably linked, and demand for them at the retail level is just now increasing.
The much awaited spring rally may be just around the corner. Enjoy!
Stay tuned and Trust Jesus.
Key Indicators for March 11, 2013
Copper Price per Lb: $3.51
Oil Price per Barrel: $92.04
Corn Price per Bushel: $7.34
10 Yr US Treasury Bond: 2.06%
FED Target Rate: 0.16% ON AUTOPILOT, THE FED IS DEAD!
Gold Price Per Ounce: $1,582 THE GOLD RUSH IS STILL ON!
MINT Perceived Target Rate*: 0.25%
Unemployment Rate: 7.7%
Inflation Rate (CPI): 0.0%
Dow Jones Industrial Average: 14,447
M1 Monetary Base: $2,481,500,000,000 LOTS OF DOUGH ON THE STREET!
M2 Monetary Base: $10,377,900,000,000