by Chris Waltzek
Chris welcomes back, Dr. Stephen Leeb, best selling author and head of The Complete Investor. The duo agree that crude oil prices likely found a bottom at $28, subsequently doubled and “full throttle demand by oil producers” was unable to cap the price. Therefore, the recent 100% advance may represent just the beginning in a multiyear bull market. A key component of the increasing oil demand / price, stems from China, which is opening oil exchanges to unify control of the Eastern oil supply. With global demographic trends implying a several fold increase in the population, demand for crude oil will explode. The price implications extend to silver, amid peak production, according to a GFMS report. Due in large part to exponential growth / affordability of solar panels, which require up to one ounce of the precious metal per panel, silver is poised for a supply bottleneck of epic proportions.