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Jim Cook

 

RUNAWAY SOCIAL SYMPATHY

Every once in a while I switch the TV channel from Fox to CNBC to see what the liberals are saying.  After listening awhile I get a deep sense of hopelessness and foreboding for our country.  The most important thing for the left is giving money to people.  They are happy to see the growth of food stamps, disability payments, housing subsidies, free healthcare and all the other welfare benefits.  They utterly fail to see the damage it is doing to the recipients.  Whole cities that once flourished have deteriorated into rotting eyesores populated with shambling hulks of chemically dependent drones.  These people are no longer employable.  They have become incompetent and helpless and the liberals can’t see that it’s their doing.

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The Best of Jim Cook Archive

 
Commentary Of The Month
November 9, 2015
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WHY I LIKE SILVER

By Pierce Wellington

This extended correction may be creating what could become a perfect storm for higher silver prices. As prices continue lower more mining companies will go bankrupt, mines will shut down, and supply will diminish. Once supply decreases it takes several years for new supply to re-enter the market; building mines is expensive and permitting can take years to achieve.

The general public will eventually enter the precious metals sector. Social media and mobile technology will play major roles during the final stages of this great bull market. Average people will herd into precious metals, and as it becomes mainstream gold will become unaffordable, and investors will gravitate towards silver. News travels faster than ever; the silver supply conditions will likely result in a shortage. When this happens silver prices will begin a parabolic climb higher. Scrap silver will come into the market but the turnaround will lag, and prices could reach nearly unimaginable levels.