Oil is $110, up another 6% this morning. We are still early in a major breakout in the price of oil that will substantially raise the cost of living. Plus, it's not just energy. The price of all everyday necessities is about to soar. This is a tax hike to cover deficit spending.
PMACRO AND MARKETS
Peter Schiff ✓
@PeterSchiff · 1.8M followers
Chief Economist & Global Strategist https://t.co/X35usGhhgW, Chairman https://t.co/ulhU3vptUb, Founder https://t.co/zB1vZlRBGh, Host https://t.co/XazFnrIREg, Best-selling Author
Win ratetoo few (3)
Checked32 hits
Calls in total4latest
Mood now BULLISHover 72 hours
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Latest calls and how they played out
Every call is checked 24 hours after the post.
Despite a much hotter-than-expected Sept. PPI, gold has already recovered all of yesterday's losses that resulted from a slightly hotter-than-expected Sept. CPI. Maybe investors are finally realizing that higher inflation is bullish for gold. Buy some now!
I don't know what's holding up Bitcoin. With the Democrats about to take Congress and rising inflation and bond yields pricking asset bubbles, the price should be a lot lower by now. Sell your Bitcoin before the bottom drops out of the market and buy gold!
Take advantage of metals traders who still don't understand that rising inflation and is bullish for gold and silver. The best thing for precious metals is a bear market in bonds. Soaring budget deficits will usher in the biggest QE program yet. Buy now!
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