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  • James McCrory
    Participant
    Post count: 46

    In the last video you mentioned something about it being good for commodities for the next 8 to 12 years. On what were you basing your timeline? Thank you.

    Sean Hyman
    Moderator
    Post count: 3387

    Studying boom/bust cycles on very long timeframes for the CRB Commodity Index and Elliott Wave counts on those longterm weekly charts.

    At a minimum, it stokes inflation. But it could cause stagflation.

    Sean Hyman
    Keymaster
    Post count: 7046

    The CRB Commodity Index just hit another 52-week high. That’s good news for all of our commodity-stocks (energy/metals, etc.) overall.

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    Sean Hyman
    Keymaster
    Post count: 7046

    This could cause traders/investors to push up commodities and commodity-stocks further too, since they know the Fed isn’t trying to kill off inflation right now. https://www.zerohedge.com/economics/fomc-minutes-3

    Sean Hyman
    Keymaster
    Post count: 7046

    Recently, you’ve heard me start to mention a new commodity bull market (secular bull market) and now you’re starting to see other pros seeing it and talking about it: https://www.zerohedge.com/commodities/commodity-super-cycle-could-be-unlike-anything-weve-seen

    James McCrory
    Participant
    Post count: 46

    Several years ago, you mentioned that you expected that at some time in the future, the annual percentage increase in the cost of living would significantly exceed any wage or salary increase that one might receive. It looks like that time is upon us. How often over the next 8-12 years do you think the annual increase in the cost of living will exceed increase in income? Those not prepared willl be having a very difficult time.

    Sean Hyman
    Keymaster
    Post count: 7046

    Thanks. I believe its % pace will likely outpace the rise % wise in wages (especially if we end up with stagflation, which is a possibility).

    It would likely cause a lot of social unrest. Companies would be pressured to raise wages, especially on the low end, which adds to their costs, erodes their earnings and can weigh on stock prices.

    Commodities could potentially double or triple off of their lows, very easily, overall. Yet wages almost won’t double or triple over that same period. As it gets more expensive “just to make it”…to “get by”…it will likely cause social unrest. Potentially, the government stepping in to try to do something…the Fed trying to do something eventually, and corporations having to raise wages that still aren’t keeping up with costs to live.

    Those that only save will be punished, as their purchasing power drops. Those that only spend will be punished, for the same reason. Only those who invest and invest properly will be rewarded during those times.

    It’s our job to be wise stewards through those tumultuous times and increase our net worths, protect our purchasing power by investing properly and aiding our churches, the poor, etc. via our wise moves/prosperity.

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    Sean Hyman
    Keymaster
    Post count: 7046

    More signs of inflation. Good for commodities and commodity-stocks: https://www.zerohedge.com/economics/inflation-signals-soar-record-highs-amid-mixed-pmis

    Sean Hyman
    Keymaster
    Post count: 7046

    I love it when the media doubts gold/metals. Its in these times (circled on the chart). It’s not long after that, that gold typically rallies.

    GLD either still has more to go in wave 3 or its done with wave 3 and the latest pullback was wave 4, which leaves “up wave” 5, still to come. That will boost GDX when it does.

    Remember how they were talking about how retail was done? And how oil was done? And amazing rallies came afterward. Now they’re giving reasons why gold is done. That excites me because it shows that the next push higher is likely around the corner.

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    Bekka
    Participant
    Post count: 357

    Per “Those that only save will be punished”, would you please define who the “savers” are…are they “buy & hold types” in an investment or who/how do they save?

    Sean Hyman
    Keymaster
    Post count: 7046

    They’re the ones who only put money into a savings account but don’t invest in appreciable assets.

    Sean Hyman
    Keymaster
    Post count: 7046

    More pros are seeing the same thing I’ve been talking to you about earlier: https://www.zerohedge.com/markets/next-commodity-supercycle

    Sean Hyman
    Keymaster
    Post count: 7046
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