We are just coming out of the "Europe's End of The World" scenario, all world economies are on the edge of recession, but Oil is moving closer to $100 again. We have a very sobering reminder from IEA about the real issues behind all recent events in the financial markets. There is NOT enough Oil for everybody left, Peak Oil is all about the price and transportation is driving this demand with half of the global oil demand coming from China only. By 2015 more cars will be manufactured outside of OECD. Oil prices can go up to $150 by 2015 in the real terms and $176 in the nominal terms. It will be the major risk for the global economy. Time is to check your Lithium portfolio.
Jim Puplava: Stephen Leeb: Red Alert - Peak Of Everything: Lithium, Rare Earths, Copper, Gold and Silver
"Now, we guess, that there is no any doubts that all the world will print, print and print FIAT money in order to keep insolvent system running. UK will be tested first, as usual, and is already in the next QE program, US and Europe to follow. By the way price of Gas in UK is already above 8 dollars per gallon. We almost stopped to write about Gold - nothing further to prove, time is for the Energy Transition. Lithium - Electric Cars and Hybrids. Rare Earths - Mobiles, Wind, Solar and Electric Cars with Hybrids. Silver - Solar, Mobiles and Store of value. Copper - Electric Cars and Hybrids, Charging Infrastructure, Energy Distribution. Zinc - Electric cars and Hybrids, Charging infrastructure, Energy Distribution.
China is on the shopping spree with its 3.2 trillion reserves now. We are following hereInternational Lithium with Ganfeng Lithium as strategic investor, Canada Zinc Metals with 36% owned by Tongling Nonferrous, TNR Gold with Canada Zinc Metals as strategic investor, TNR Gold holds 28% in International Lithium.
Welcome to the Reflation Round 2 in case if "Europe will be saved."
"The art of modern economics turns into the pure magic now: how to make it enough for everybody, when there is not enough left.
It is time for a reflection point today: we will post some charts, some quotes from our previous articles and you can draw your own conclusions as usual."