Good morning boys and girls! Today's lesson is brought to you by the word 'wisdom'. Now for the story: Peter the zoo keeper stumbles upon a wandering, lost flock of sheeple, just seconds before the Fox pounced...
Although I think I agree with Jim Rogers that commodities are in a long term bull market, I think Peter was trying to say that much of the rise in commodities prices were a result of bubble creation by the central banks of the world.
Not that Peter Schiff doesn't recognize that there is a growing demand for commodities over sees that IS true supply demand driven.
Commodity supercycles are not driven by supply...interestingly they are driven by demand...
We are in one of these cycles now...be prepared for pullbacks along the way...
though we do have a long way to go up...
bakinjoo 4 years ago
Good morning boys and girls! Today's lesson is brought to you by the word 'wisdom'. Now for the story: Peter the zoo keeper stumbles upon a wandering, lost flock of sheeple, just seconds before the Fox pounced...
mikey2600 4 years ago 2
Peter is right Commodities are in a Bull market.
TrevorJNoyes 4 years ago 2
Although I think I agree with Jim Rogers that commodities are in a long term bull market, I think Peter was trying to say that much of the rise in commodities prices were a result of bubble creation by the central banks of the world.
Not that Peter Schiff doesn't recognize that there is a growing demand for commodities over sees that IS true supply demand driven.
CBound 4 years ago
Thant should be "overseas"
CBound 4 years ago