1:28 Energy supplies7:29 Decline in energy supplies12:27 Energy & gold14:19 Reduction in oil production18:00 Stimulus22:42 Silver update26:25 Manipulation32:34 Technical analysis38:38 Coal & natural gas46:21 Relocating
This decade will bring an energy cliff that will drive a crisis in all markets, says Steve St. Angelo. Because the Fed controls the bond market, he argues the Fed largely controls other markets, including the gold market. The energy crisis will lead to serious inflation and "pull the plug" on metals manipulation. "The Fed is going to lose the ability to control this market," he says, "because they can't control what happens with energy."
Independent researcher Steve St. Angelo (SRSrocco.com) started to invest in precious metals in 2002. Later on in 2008, he began researching areas of the gold and silver market that, curiously, the majority of the precious metal analyst community have left unexplored. These areas include how energy and the falling EROI - Energy Returned On Invested - stand to impact the mining industry, precious metals, paper assets, and the overall economy. Steve considers studying the impacts of EROI one of the most important aspects of his energy research. For the past several years, he has written scholarly articles in some of the top precious metals and financial websites.