China is already the world’s biggest metals consumer. But they aren’t top dog in all metals, at least not yet. The metal I’m taking about is the precious yellow metal. India still holds the top spot as the world’s number one buyer of gold
Did you know that the oil patch has gotten an extreme makeover? Five years ago nobody was expecting this. As recently as three years ago it was on very few people’s radar. The most surprising development (and it’s a good one) has taken place right here in the United States.
My three boys all have a different idea of what sharing is and how best to divvy up the goods. Two things usually happen: Big brother usually wins and someone’s feelings get hurt. If it’s food, they will try and eat it all (or as much as they can) before anyone else can touch it. If it’s something they play with, they will fight over whose turn it is until I take it away.
Even if oil demand goes down this year as I expect it will, we are still only an incident away from oil spiking through the roof. And that’s why I believe that $250 per barrel could be around the corner.
It’s hard to ignore the pessimistic news surrounding our jobs market. The government has shed over 400,000 jobs since 2007. And the construction industry is looking even gloomier, losing nearly two million jobs in the same time frame.
Investors looking for a BIG payday might be considering oil or gold. Imagine if Iran blocked the Strait of Hormuz? Oil prices would explode. Or what if Spain or Italy got kicked out of the European Union? Gold prices would soar.
There is more interest in the silver market than probably ever before. How do I know? Not from currency speculators…or volume on the silver ETFs…or what far-off countries like China is doing. I like to keep an eye on the coin buyers. They’re the ones who tell me if prices will be rising or falling in the following months.
By David Dutkewych Energy independence has traveled a long hard road from presidential sound bite back in the days of the Nixon White House to nearly becoming a reality. Finally, thanks to a 100-year supply of natural gas from within our own borders, we’re tantalizingly close to ending our over-dependence on foreign
