Dr. Stephen Leeb & Chris Waltzek on GoldSeek Radio – June 9, 2016

by Chris Waltzek
GoldSeek Radio

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.

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