My take on the commodity supercycle and stock market zeitgeist...and the new era of precious metals, uranium (just bottoming, btw)and alternate energy. As I have said here since 2005 "Get ready for peak everything, the repricing of the planet and "black swan" markets all over the place".
14 November 2008
What was the trade of the 70's?
It was gold! As the first oil shock and the Vietnam War led to recession, Nixon responded with furious money printing that the bond market didn't notice. Gold went from 60 to 800 and penny gold equities to $20.00.
We are approaching a market rhyme as this happens again.
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