The price of silver is close to blastoff as inflation is here to stay, plus looking for yield?

Looking For Yield?
May 10 (King World News) – Holger Zschaepitz:  Bill Gross says buy T-Bills amid ‘ridiculous’ debt ceiling issue. Says debt ceiling standoffs like this are ‘always resolved.’ US 1month yield has jumped to 5.36%, highest level since 2001.

1 Month US Treasuries Yielding Close To 5.5%

More “Transitory” Inflation:
CPI Lies, Real Inflation Much, Much Higher
Charlie Bilello:  Increases over the last 2 years…

CPI Medical Care: +3.9%
CPI Apparel: +9.3%
US Wages: +10.5%
CPI Shelter: +13.6%
CPI Used Cars: +14.6%
CPI Food away from home: +16.4%
Actual Rents: +18.5%
CPI Food at home: +18.7%
CPI New Cars: +19.3%
CPI Gas Utilities: +20.2%
CPI Electricity: +20.4%
CPI Transportation: +20.5%
Actual Home Prices: +22.5%
CPI Gasoline: +26.1%
CPI Fuel Oil: +34.7%…

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Inflation Is Here To Stay
Otavio Costa:  The deceleration of inflation from peak levels has been rather slow when compared to other periods in history.

To put into perspective:

We just had 10 consecutive monthly declines in CPI year-over-year and the index is still standing at 4.9%.

Interestingly, the only other time this happened was during the aftermath of the 1919 Spanish Flu.

Back then, CPI had a 12-month streak of declining year-over-year data, marking a bottom at the deeply deflationary rate of -15.8%.

The current macro environment suggests that inflation is significantly ingrained in the economy.

This is evidenced by the government’s irresponsible spending levels, the beginning stages of a wage-price spiral, a prolonged period of underinvestment in natural resources, and the emergence of deglobalization trends.

Silver Close To Blastoff
Graddhy out of Sweden:  Silver is closing in on the pink massive neckline.

The big breakout level for silver using the yearly time frame plus closing prices, is 31-32.

Measured move target for the huge pattern is 800% x 31 = 248.

Always know the very big picture.

SILVER APPROACHING BLASTOFF:
The Mother Of All Cup & Handles!

***To listen to James Turk discuss why the bank crisis is set to accelerate and how it will impact major markets including gold and silver CLICK HERE OR ON THE IMAGE BELOW.

***To listen to Alasdair Macleod discuss the accelerating bank crisis and how this will impact the gold and silver markets CLICK HERE OR ON THE IMAGE BELOW.

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