I keep reading articles claiming that inflation is nowhere to be found.
If that is true, explain the following four charts.
Copper has broken out of a 10-year downtrend.
This chart suggests that Copper will be retesting its 2011 highs.
Another inflationary industrial metal (steel) is posting a similar pattern.
There is literally NOTHING bearish in that chart. The bear market in steel from 2010 onwards is over.
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Coal, another inflationary asset, has broken out of a massive falling wedge pattern. It is now about to smash through critical resistance.
We see a similar pattern in Uranium (another inflation play).
Just one of the above charts would be a big wake up call…but taken together, they are SCREAMING “INFLATION!!!!!!”
This is a MAJOR problem for the Bond Bubble.
As I explain in my bestselling book The Everything Bubble: the Endgame For Central Bank Policy, US sovereign bonds (also called Treasuries) trade based on inflation expectations.
Put simply, when inflation spikes higher, so do Treasury bond yields.
When bond yields rise, bond prices fall.
When bond prices fall, the Bond Bubble bursts.
When the Bond Bubble bursts, the EVERYTHING bubble follows.
What’s coming will take time for this to unfold, but as I recently told clients, we’re currently in “late 2007” for the coming crisis. The time to prepare for this is NOW before the carnage hits.
On that note, we are putting together an Executive Summary outlining all of these issues as well as what’s to come when The Everything Bubble bursts.
It will be available exclusively to our clients. If you’d like to have a copy delivered to your inbox when it’s completed, you can join the wait-list here:
Chief Market Strategist
Phoenix Capital Research