We will see the old high of $38-$40 at a minimum this time around. $50 seems reachable. For it to go beyond $50, we will need to see historical major geopolitics events (unpleasant as a necessary requirement) and/or severe stagflation. We are half-way down the mega cycle right now, and the Fat Lady has not even been scheduled to appear yet.
Predicting the Silver Top [View article]
We are half-way down the mega cycle right now, and the Fat Lady has not even been scheduled to appear yet.