Look at silver’s shocking bullish big picture.
Oil Prices Soaring
July 23 (King World News) – The Kobeissi Letter: BREAKING: Brent crude oil prices surge above $98/barrel after Yemen’s Houthis strike two Saudi Arabian oil tankers.
Big Picture For Silver Looks Solid
Graddhy out of Sweden: Silver is now down at one of the possible very big picture backtest support levels on the monthly time frame.
KING WORLD NEWS NOTE: Silver Backtesting Massive Multi-Decade Support
Below is the possible support level on the quarterly time frame.
KING WORLD NEWS NOTE: Second Major Multi-Decade Support For Silver
And, below shows silver is at a very interesting possible support level also using fib retracement levels.
KING WORLD NEWS NOTE: Silver Has Bottomed Or Is Extremely Close To Final Bottom Before Blasting Off…Again
We have some early movement in the sector now also. Let’s see what we get…
Listen to the greatest Egon von Greyerz audio interview ever
by CLICKING HERE OR ON THE IMAGE BELOW.
Oil Soaring
Jeroen Blokland: Brent oil is up nearly 40% from its early-July low as the situation surrounding Iran and the U.S. is starting to deteriorate again.
KING WORLD NEWS NOTE: Brent Crude Oil Has Surged 40% From Its Early July Bottom
Activity in the Strait of Hormuz has fallen back to near zero, while global oil inventories continue to decline.
That means the unfavorable backdrop for stocks, particularly technology stocks, as well as short-term bonds and gold is returning. Higher oil prices generally mean more pressure on virtually every other asset class.
My view is that the second wave of rising energy prices is hitting before consumers and the economy have had a chance to fully recover from the first wave. Yes, inflation has fallen more than expected over the past two months in many parts of the world, but it remains well above central bank targets.
Central banks simply cannot fight inflation caused by geopolitical conflicts. Raising interest rates in response would do little to lower energy prices, while significantly increasing the risk of a further slowdown in economic activity.
The real risk is that, by not hiking, longer-term interest rates continue to rise, pushing government interest expenses even higher.
Ultimately, I believe central banks will be forced to take control of the entire yield curve. But that’s a discussion for another day. First, let’s see how they respond to this new surge in energy prices.
One Of The Largest Silver Miners Says They Can No Longer Satisfy Demand
To listen to Nomi Prins discuss one of the largest silver miners on the planet telling her they can no longer satisfy physical demand from India, China, Saudi Arabia, Kuwait, etc, CLICK HERE OR ON THE IMAGE BELOW.
JUST RELEASED!
To listen to Alasdair Macleod’s discuss gold and silver carving out a bottom along with the mining stocks and more CLICK HERE OR ON THE IMAGE BELOW.
ALSO RELEASED!
How Much Longer? Big Stock Sales Threaten Bull Market CLICK HERE.
GOLD CORRECTION OVER? Gold Appears To Have Formed A Major Bottom After Pulling Back From $5,600 CLICK HERE.
We Are About To See A Big Move In Gold CLICK HERE.
Michael Oliver – A Gold Close Above This Price Will Trigger Upside For The Entire Monetary Metals Complex CLICK HERE.
What A Top Chinese Official In 2014 Predicted Would Happen To Gold Is Now Unfolding CLICK HERE.
One Of The Largest Silver Miners On The Planet Says They Can No Longer Satisfy Demand From India, China, Saudi Arabia, Kuwait, etc. CLICK HERE.
This Signal Shows Gold And Gold Stocks Coiled To Rocket Higher CLICK HERE.
This Is Why China Is Buying So Much Gold CLICK HERE.
Refusal To Confirm Gold’s Weakness May Force Violent Rebound In The Price Of Gold CLICK HERE.
This Is Going To Create Another Massive Wave Of Inflation CLICK HERE.
Upside Fuel For Gold: IMF Says Global Inflation Is Set To Accelerate CLICK HERE.
This Just Hit A 10-Year High And It Will Help Cement A Bottom For Gold CLICK HERE.
Look At Who Just Warned Gold Shorts Are About To Be Blindsided CLICK HERE.
ALERT: Gold Demand 5,000 Tonnes, But Gold Mine Output Only 3,672 Tonnes! CLICK HERE.
Michael Oliver – Despite Pullback, Silver Coiling To Rocket Higher CLICK HERE.
China Is Buying Massive Amounts Of Gold & Silver And Dumping Dollars CLICK HERE.
Gold And Gold Miners Have A Long Way To Go On The Upside CLICK HERE.
This Signals We Just Saw The Final Bottom In The Silver Market CLICK HERE.
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