Gold and silver miners are shocking Wall Street, plus look at what just collapsed to the lowest level in history!
The Public Is Tapped Out
May 11 (King World News) – The Kobeissi Letter: Americans have never been more worried about the economy:
The Consumer Sentiment Index fell -1.7 points in May, to 48.2, an all-time low.
This comes as current conditions dropped -4.7 points, to 47.8, also a record low.
KING WORLD NEWS NOTE: Consumer Sentiment Index Has Collapsed To The Lowest Level In History!
Furthermore, the perceived financial situation among Americans declined to the lowest since 2009.
As a result, the Consumer Sentiment Index is now -13% below the 2008 Financial Crisis low.
By comparison, during the 1980s recession, this metric bottomed at ~52.0 points.
Consumer sentiment is at crisis levels.
Gold & Silver Miners
Otavio Costa: Miners are currently seeing the strongest margins in the history of the data.
But more importantly:
The prior secular cycle was also defined by a long period of sustained, above-average profitability.
My view is that we’re likely to see that again.
What we’re witnessing is a re-birth of the mining industry.
KING WORLD NEWS NOTE: Gold & Silver Miners Seeing All-Time Record Cash Flow And Profits!
Institutions and sovereign capital are just starting to wake up to how critical these businesses are — not only for financial stability, but for society itself.
US Dollar Set To Plunge?
Otavio Costa: The recent behavior of the US dollar is increasingly consistent with a market anticipating intervention in the rates market ahead.
KING WORLD NEWS NOTE: US 10-Year Yield (WHITE LINE) And US Dollar (RED LINE)
Lower rates and a weaker dollar are no longer optional policies.
They are becoming absolutely essential for the system to function under current debt levels.
Markets tied to those two macro forces are already starting to reprice aggressively ahead of that shift.
Just look at the strength in hard assets and emerging markets over the last 12 to 24 months.
In my view, that may only be an early glimpse of what is still ahead.
OPEC Oil Production Collapse
Ole Hansen, Head of Commodity Strategy at SaxoBank: OPEC production has collapsed from a 3½-year high of around 29.6 million b/d to a 36-year low of 20.6 million b/d in just two months. Several “release valves” have so far helped cushion the shock, most notably a surge in U.S. exports, a massive IEA-coordinated SPR release, China’s import constraints and pause in stockpiling, and – not least – demand destruction that has led to lower refinery runs.
KING WORLD NEWS NOTE: OPEC Oil Production Has Collapsed
Michael Oliver Says Silver May Skyrocket 600% In A Few Months!
To listen to Michael Oliver discuss silver skyrocketing 600% in a few months as well as which mining stocks to buy right now and what to expect for the gold price explosion and more CLICK HERE OR ON THE IMAGE BELOW.
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