For the past two years at this juncture, the Precious Metals Sector has risen sharply in a month-long up cycle for Silver and with the high inflation expectations going forward a similar ramp up for the Precious Metals Sector is a real possibility.
Inflation Expectations
According to the New York Fed’s Survey of Consumer Expectations:
the under-40 crowd expects inflation to hit 3.8% a year from now,the 40-60-year-olds expect inflation of 4.7% andthe over-60 crowd expects inflation to hit 5.7%for an average inflation expectations for one year from now of 4.8%.These inflation expectations tracked by the New York Fed roughly match the inflation expectations tracked by the University of Michigan’s Survey of Consumers, whose latest reading jumped to 4.6%.
The Fed and the government claims, echoed by the major news outlets, that this bout of inflation is just “temporary” or “transitory” are resonating with consumers to some extent as inflation expectations for three years from now have jumped, but not as high, reaching nearly 3.57% in May and 3.55% in June.
Silver Expectations
With such high inflation expectations, in combination with the 30-day up cycle (July 12th to August 11th) for Silver, Goldrunner’s fractal work suggests that Silver might start a run up to $34 per troy ounce and perhaps as high as $37/ozt. over the next 30 days.
LorimerWilson is editor of www.munKNEE.com (Your Key to Making Money!), publisher of a daily FREE Financial Intelligence Report which can be subscribed to here anda frequent guest contributor to www.PreciousMetalsWarrants.com whichalso offers a FREE newsletter(sign up here) and a subscription service (see details here).
Disclaimer:Please understand that the above is just the opinion of a small fish in a largesea. None of the above is intended asinvestment advice, but merely an opinion of the potential of what mightbe. Simply put:
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