George Green update
George said October is the historical low point for markets under the best of circumstances, and these are not the best of times. For a reality check, he suggested we look at the debt clock (usdebtclock.org), which is now registering in excess of $11 trillion dollars, nearly $2- trillion more than the U.S. gross domestic product, or $38,000 per person. There is no chance of correcting this.
In addition, George relayed to me that oil is poised for another meteoric rise due, in part, to the fact that Mexico allegedly has only 2 years worth of supplies left and Venezuela has pre-sold 3 years worth of it's production to the Chinese. George believes the response will see prices in the neighborhood of $300 a barrel.
Meanwhile, he asked me to give him a call after the weekend, when he will be attending a silver conference, to give us the inside on the metals market. Silver is up approx. 30% from the beginning of July, which means something bigger is up. I'll keep you posted.