Look at inflation skyrocketing…
April 22 (King World News) – Peter Boockvar: Food prices continue to power higher. Corn is up another 1.1% to $6.32 per bushel and higher by 8% this week alone.
Corn Prices Continue To Skyrocket
Go back to 2013 the last time we saw prices above $6.00 (for corn). Voracious demand from China at the same time there are supply issues in Brazil and increased use of ethanol in the US are the catalysts…
To learn which company billionaire Eric Sprott bought a
$10 million stake in click here or on the image below
Soybeans are now above $15 a bushel for the 1st time since May 2014 and up for the 8th straight day. China can’t get enough soybeans.
Soybeans Highest Price Since 2014
Wheat prices too are rallying to the highest since May 2014. Yesterday the CRB food index closed at its steepest level since August 2012.
CRB Hits Highest Level Since 2012!
King World News note: This is exactly what we saw in the 1970s when the price of all commodities and even used cars were radically inflating in price. This is the best possible environment for gold and silver prices. Gold went up 25-times in the 1970s and silver skyrocketed 38-times in price.
***To hear E.B. Tucker discuss the coming panic into gold, silver and the mining shares CLICK HERE OR ON THE IMAGE BELOW.
***To hear Alasdair Macleod discusses a possible short squeeze in the silver market CLICK HERE OR ON THE IMAGE BELOW.
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